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Firm Capital Property Trust T.FCD.UN

Alternate Symbol(s):  FRMUF

Real Estate REIT - Diversified
Firm Capital Property Trust (the Trust) is a Canada-based open-ended real estate investment trust. The Trust owns 100% of the outstanding Class A Limited Partnership Units of Firm Capital Property Limited Partnership (FCPLP), a limited partnership created under the laws of the Province of Ontario. FCPLP ultimately owns the investment properties through various subsidiaries. The Trust is focused on creating long-term value for unitholders through capital preservation and disciplined investing to achieve stable distributable income. The Trust operates through five segments: grocery anchored retail, non-grocery anchored retail, industrial, multi-residential, core service office provider, and manufactured homes communities. Its portfolio consists of 64 commercial properties with a total GLA of 2,545,843 square feet, five multi-residential complexes comprised of 599 units and four manufactured homes communities comprised of 537 units.


TSX:FCD.UN - Post by User

Firm Capital Property Trust
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Post by woolcoon Jan 28, 2023 8:52am
608 Views
Post# 35251674

Sustainability of monthly distribution

Sustainability of monthly distributionWill be an interesting year as I am sure they want to maintain their track record of increasing dividend each year.

I know their cash position/line of credit is enough to more than sustain the dividend for a year or two...but...

Has anyone done an analysis on how sustainable the dividend will be as they re-finance 35% of their debt during 2023....I know there are also positives with rents going up...and Industrial lease renewals are getting very significant increases....

The payout is high...so wanted to ensure it is sustainable for a reasonable period of time.  They did not cut during the covid crash and are incredible at getting their tenants to pay.....

Appreciate any insights and or third party analysis....

thanks
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