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Firm Capital Apartment Real Estate Investment Trust operates as a multi-residential real estate investment company in the United States. It owns interest in approximately 1,846 apartment units located in Florida, Connecticut, Texas, New York, New Jersey, Georgia, and Maryland; and provides preferred capital secured by multi-family residential real estate properties. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Firm Capital American Realty Partners Trust and changed its name to Firm Capital Apartment Real Estate Investment Trust in September 2020. Firm Capital Apartment Real Estate Investment Trust is headquartered in Toronto, Canada.
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Firm Capital Apartment Real Estate Investment Trust is a Canadian real estate investment trust that owns and operates multi-residential rental properties, providing exposure to the apartment rental market. Long-term growth could be supported by sustained urban rental demand, demographic trends, active asset management and selective acquisitions. Investors may find the REIT attractive for potential stable cash flow and portfolio diversification within residential real estate.
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| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | -14.67M | 4.39M | 5.60M | 6.77M | 4.05M |
| Net income | -14.12M | 3.84M | 5.60M | 7.06M | 5.63M |
| Selling general administrative | 1.95M | 2.15M | 1.64M | 2.13M | 2.15M |
| Gross profit | 5.29M | 2.96M | 1.95M | 2.34M | 2.40M |
| Reconciled depreciation | - | - | - | 0.05M | 0.01M |
| Ebit | - | 1.58M | 1.49M | 1.18M | 2.88M |
| Ebitda | -10.45M | 6.60M | 7.42M | 8.47M | 6.11M |
| Operating income | 3.34M | 0.81M | 0.31M | 0.20M | 0.25M |
| Interest expense | 4.22M | 2.21M | 1.70M | 1.65M | 2.05M |
| Tax provision | -0.55M | 0.55M | - | -0.53M | -0.10M |
| Net interest income | -3.94M | -2.33M | -1.82M | -1.65M | -2.05M |
| Income tax expense | - | 0.55M | - | -0.53M | -0.10M |
| Total revenue | 11.59M | 5.88M | 4.13M | 4.30M | 4.14M |
| Total operating expenses | 8.25M | 5.07M | 3.82M | 4.10M | 3.89M |
| Cost of revenue | 6.30M | 2.92M | 2.18M | 1.96M | 1.74M |
| Total other income expense net | -14.06M | 5.90M | 7.11M | 8.22M | 5.85M |
| Discontinued operations | - | - | - | -0.24M | 1.49M |
| Net income from continuing ops | -14.12M | 3.84M | 5.60M | 7.29M | 4.14M |
| Net income applicable to common shares | - | 3.84M | 5.60M | 7.06M | 5.63M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 157.09M | 127.63M | 108.87M | 99.42M | 82.21M |
| Other current assets | 0.51M | 1.10M | 0.82M | 0.81M | 3.95M |
| Total liab | 94.97M | 50.47M | 32.94M | 34.30M | 22.50M |
| Total stockholder equity | 62.12M | 77.16M | 75.92M | 65.12M | 59.71M |
| Other current liab | 0.17M | 1.75M | 1.57M | 1.13M | 1.34M |
| Common stock | - | 90.22M | 91.02M | 82.93M | 82.94M |
| Capital stock | 90.22M | 90.22M | 91.02M | 82.93M | 82.94M |
| Retained earnings | -28.10M | -13.06M | -15.10M | -17.81M | -33.57M |
| Other liab | - | 0.55M | - | - | 0.53M |
| Other assets | - | 0.00M | 49.59M | - | 44.78M |
| Cash | 0.82M | 4.16M | 2.91M | 6.41M | 2.37M |
| Total current liabilities | 36.62M | 15.74M | 3.58M | 2.80M | 3.96M |
| Net debt | 87.21M | 41.54M | 26.83M | 25.44M | 17.33M |
| Short term debt | - | - | - | 0.36M | 1.69M |
| Short long term debt | 29.68M | 11.51M | 0.37M | 0.36M | 1.69M |
| Other stockholder equity | - | - | - | 3.33M | 4.57M |
| Property plant equipment | - | 78.41M | 49.59M | 48.17M | 44.78M |
| Total current assets | 5.19M | 5.93M | 5.62M | 7.42M | 6.48M |
| Long term investments | 23.16M | 43.29M | 53.66M | 43.84M | 30.70M |
| Net tangible assets | - | 77.16M | 75.92M | 65.12M | 59.71M |
| Net receivables | 0.67M | 0.68M | 1.89M | 0.20M | 0.16M |
| Long term debt | 58.35M | 34.19M | 29.37M | 31.50M | 18.01M |
| Accounts payable | - | 1.82M | 1.30M | 1.28M | 0.89M |
| Non currrent assets other | - | - | - | 92.01M | 75.48M |
| Non current assets total | 151.90M | 121.70M | 103.25M | 92.01M | 75.48M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -15.39M | 4.47M | -9.04M | -9.57M | -14.49M |
| Change to liabilities | - | 0.34M | 0.45M | 0.16M | -0.34M |
| Total cashflows from investing activities | - | 1.56M | -9.37M | -6.96M | 0.52M |
| Net borrowings | - | -0.60M | -0.39M | 11.95M | -11.37M |
| Total cash from financing activities | 11.23M | -3.21M | 5.78M | 10.32M | -6.32M |
| Change to operating activities | - | -0.02M | 0.01M | 0.05M | -0.09M |
| Net income | -14.12M | 3.84M | 5.60M | 7.06M | 5.63M |
| Change in cash | -1.06M | 1.50M | -3.47M | 4.03M | -5.10M |
| Begin period cash flow | 5.07M | 3.57M | 7.04M | 3.01M | 8.11M |
| End period cash flow | 4.01M | 5.07M | 3.57M | 7.04M | 3.01M |
| Total cash from operating activities | 3.10M | 3.15M | 0.12M | 0.67M | 0.70M |
| Issuance of capital stock | - | - | 11.52M | - | 6.43M |
| Depreciation | - | - | - | 0.05M | 0.01M |
| Other cashflows from investing activities | - | - | - | 0.00M | -0.00M |
| Dividends paid | 0.92M | 1.81M | 1.91M | 1.62M | 1.38M |
| Change to account receivables | 0.26M | 1.41M | -1.69M | -0.04M | 0.21M |
| Sale purchase of stock | 0.00M | -0.80M | -3.47M | -0.01M | - |
| Other cashflows from financing activities | - | - | - | - | 0.22M |
| Change to netincome | - | -2.53M | -4.38M | -6.56M | -4.72M |
| Capital expenditures | 2.34M | 0.57M | 0.33M | 0.30M | 0.44M |
| Change in working capital | 2.53M | 1.73M | -1.22M | 0.18M | -0.23M |
| Stock based compensation | - | - | - | -0.00M | - |
| Other non cash items | -0.75M | 3.21M | -2.56M | 0.40M | 0.29M |
| Free cash flow | 0.76M | 2.58M | -0.21M | 0.37M | 0.29M |
Sector: Real Estate Industry: REIT-Residential
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Firm Capital Apartment Real Estate Investment Trust operates as a multi-residential real estate investment company in the United States. It owns interest in approximately 1,846 apartment units located in Florida, Connecticut, Texas, New York, New Jersey, Georgia, and Maryland; and provides preferred capital secured by multi-family residential real estate properties. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Firm Capital American Realty Partners Trust and changed its name to Firm Capital Apartment Real Estate Investment Trust in September 2020. Firm Capital Apartment Real Estate Investment Trust is headquartered in Toronto, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Sandy Ivan Poklar CPA, CA | CFO & Director | 1970 |
| Ms. Claudia Alvarenga | Chief Financial Officer | NA |
| Victoria Moayedi | Director of Investor Relations & Private Client Capital | NA |
| Eddy Boudiwan | Pres & COO of Real Estate Operations ? USA | NA |
| Mr. Joseph Fried C.A., CPA | Sec. | NA |
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