Firm Capital Property Trust reported financial results for Q3 2025, including $4.6 million in Adjusted Funds From Operations (AFFO) and an improved AFFO Payout Ratio of 104%. They refinanced a $38 million mortgage and declared monthly distributions of $0.04333 per Trust Unit. The portfolio includes 62 commercial properties and is well diversified.

The portfolio consists of 62 commercial properties, five multi-residential complexes, and four Manufactured Home Communities. NOI is 48% grocery anchored retail, 27% industrial, with 38% located in Ontario. Tenant diversification is strong with no tenant accounting for more than 13.1% of total net rent.

For Q3 2025, Firm Capital Property Trust reported $4.6 million in AFFO, $7.83 Net Asset Value per Unit, and NOI of $9.6 million. The Trust’s conservative leverage profile includes a Debt/Gross Book Value of 50.0%. Occupancy rates are high across commercial, multi-residential, and Manufactured Home Communities.

The Trust closed on a $38 million mortgage refinancing with a Canadian Chartered Bank, featuring a fixed interest rate of 4.51% and a 5-year term. They also offer a Distribution Reinvestment Plan and Unit Purchase Plan for Unitholders to reinvest distributions. Management and trustees own approximately 10% of trust units.

Firm Capital Property Trust aims to create long-term value for Unitholders through disciplined investing and stable income. The Trust’s diversified property portfolio includes multi-residential, industrial, and retail properties. They focus on joint acquisitions and professional management to align interests with Unitholders and industry partners.

Read more at GlobeNewswire: Firm Capital Property Trust Reports Q3/2025 and YTD Results