Want to see TSE:FCD.UN full AI Analyst Report?
Top Page
Firm Capital Property
(TSX:FCD.UN)
Select Model
Select Model
Rating:72Outperform
Price Target:
C$8.00
▲(12.68% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by moderate financial quality—strong recent profitability and stable revenue, offset by meaningful leverage and uneven cash-flow conversion—combined with attractive valuation (low P/E and high dividend yield). Technicals add support as the price is above major moving averages with positive momentum indicators.
Positive Factors
Strong Recent Profitability
Strong recent profitability provides an internal source of capital for property maintenance, debt service and distributions. If supported by recurring rental operations, the improved earnings profile can strengthen financial resilience over the next several quarters.
Negative Factors
Meaningful Leverage
Debt roughly equal to equity leaves the REIT sensitive to refinancing costs, covenant requirements and changes in property values. Elevated leverage can restrict financial flexibility and increase pressure on cash distributions during weaker operating conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Recent Profitability
Strong recent profitability provides an internal source of capital for property maintenance, debt service and distributions. If supported by recurring rental operations, the improved earnings profile can strengthen financial resilience over the next several quarters.
Read all positive factors
Firm Capital Property (FCD.UN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$252.20M
Dividend Yield7.55%
Average Volume (3M)14.70K
Price to Earnings (P/E)8.8
Beta (1Y)0.19
Revenue Growth1.31%
EPS Growth20.47%
CountryCA
Employees1
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)0.78
Shares Outstanding36,925,682
10 Day Avg. Volume17,450
30 Day Avg. Volume14,703
Financial Highlights & Ratios
PEG Ratio-0.36
Price to Book (P/B)0.72
Price to Sales (P/S)3.62
P/FCF Ratio11.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Firm Capital Property Business Overview & Revenue Model
Company Description
Dedicated to generating enduring value for its Unitholders, Firm Capital Property Trust prioritizes capital preservation and disciplined investment strategies to ensure a consistent, distributable income stream. Collaborating with seasoned managem...
How the Company Makes Money
Firm Capital Property Trust primarily makes money by earning rental and related property income from tenants leasing space in its real estate portfolio. Its core revenue stream is contractual base rent under lease agreements, supplemented by recov...
Firm Capital Property Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 62.67M | 61.86M | 60.58M | 58.09M | 54.02M | 46.43M |
| Gross Profit | 35.81M | 33.60M | 35.19M | 37.30M | 35.46M | 30.22M |
| EBITDA | 43.36M | 40.42M | 47.67M | 33.84M | 30.66M | 66.76M |
| Net Income | 28.85M | 25.72M | 33.89M | 15.37M | -22.00M | 58.39M |
Balance Sheet | ||||||
| Total Assets | 663.11M | 645.31M | 651.95M | 637.38M | 633.90M | 576.36M |
| Cash, Cash Equivalents and Short-Term Investments | 10.53M | 5.69M | 9.18M | 8.33M | 4.99M | 5.90M |
| Total Debt | 334.73M | 319.39M | 332.67M | 335.29M | 325.73M | 264.97M |
| Total Liabilities | 347.84M | 332.41M | 345.57M | 345.69M | 337.38M | 280.44M |
| Stockholders Equity | 315.27M | 312.90M | 306.38M | 291.69M | 296.51M | 295.92M |
Cash Flow | ||||||
| Free Cash Flow | 19.53M | 19.02M | 29.70M | 22.66M | -55.31M | -47.05M |
| Operating Cash Flow | 20.65M | 19.02M | 34.42M | 28.92M | 29.97M | 26.60M |
| Investing Cash Flow | -9.20M | 9.90M | 1.96M | -561.66K | -80.71M | -47.83M |
| Financing Cash Flow | -6.30M | -32.44M | -35.53M | -25.01M | 49.83M | 21.44M |
Firm Capital Property Technical Analysis
Neutral
7.10
Price Trends
6.93
Negative
6.74
Positive
6.27
Positive
Market Momentum
-0.03
Positive
41.97
Neutral
17.65
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FCD.UN, the sentiment is Neutral. The current price of 7.1 is above the 20-day moving average (MA) of 6.98, above the 50-day MA of 6.93, and above the 200-day MA of 6.27, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 41.97 is Neutral, neither overbought nor oversold. The STOCH value of 17.65 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:FCD.UN.
Firm Capital Property Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | C$252.20M | 8.83 | 9.27% | 7.54% | 1.31% | 20.47% | |
69 Neutral | C$139.24M | 10.03 | 9.90% | 5.21% | 5.86% | -41.72% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
59 Neutral | C$472.03M | 98.73 | 0.56% | 3.42% | -4.01% | ― | |
55 Neutral | C$335.25M | 12.68 | 5.20% | 8.11% | -0.81% | -32.86% | |
51 Neutral | C$2.60B | -4.50 | -13.51% | 6.15% | -6.50% | -488.63% | |
50 Neutral | C$30.73M | -0.72 | -11.72% | 9.40% | -24.24% | -12.23% |
* Real Estate Sector Average
TSE:FCD.UN
Firm Capital Property
6.89
1.31
23.48%
TSE:BTB.UN
BTB REIT
3.70
0.25
7.12%
TSE:MPCT.UN
Dream Impact Trust
1.60
-0.08
-4.76%
TSE:NET.UN
Canadian Net Real Estate Investment Trust Trust Units
6.72
1.45
27.44%
TSE:HR.UN
H&R Real Estate ate Staple
9.76
-1.55
-13.72%
TSE:MRT.UN
Morguard Real Estate ate
7.01
1.47
26.58%
Firm Capital Property Corporate Events
Business Operations and StrategyDividendsFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Firm Capital Property Trust Delivers Strong Q2 2026 and Expands MHC Portfolio
Positive
Aug 11, 2026
Firm Capital Property Trust reported strong second-quarter 2026 results, with net operating income rising 7% year over year to $10.2 million and net income jumping to $7.8 million. Occupancy remained high across commercial, multi-residential, and ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.