From GlobeNewswire: 2024-05-13 17:54:00

Firm Capital Property Trust reports strong sequential same-store NOI and NAV growth for the first quarter of 2024. The Trust refinanced 75% of its 2024 mortgage maturities, totaling $27.5 million for retail properties. Q1 highlights include a 33% net income increase, $9.3 million in NOI, and an 11% increase in AFFO, with a declining payout ratio. The Trust’s portfolio consists of diverse property types and tenant profiles, providing stability and growth opportunities. The Trust also offers a Distribution Reinvestment Plan and Unit Purchase Plan for interested Unitholders. Firm Capital Property Trust is dedicated to creating long-term value for Unitholders through capital preservation and disciplined investing in a diversified property portfolio. Forward-looking statements indicate a strategy focused on stable distributable income and aligning interests with the Trust’s partners.



Read more at GlobeNewswire:: Firm Capital Property Trust Reports Q1/2024 Results