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Toronto Star
05-08-2025
- Business
- Toronto Star
Firm Capital Property Trust Reports Q2/2025 and YTD Results
SALE OF INVESTMENT PROPERTIES FOR GROSS PROCEEDS OF $15 MILLION SAME PROPERTY NOI INCREASE NAV GROWTH AND DECLINING AFFO PAYOUT RATIO TORONTO, Aug. 05, 2025 (GLOBE NEWSWIRE) — Firm Capital Property Trust ('FCPT' or the 'Trust'), (TSX: is pleased to report its financial results for the three and six months ended June 30, 2025. PROPERTY PORTFOLIO HIGHLIGHTS The portfolio consists of 62 commercial properties with a total gross leasable area ('GLA') of 2,427,383 square feet, five multi-residential complexes comprised of 599 units and four Manufactured Home Communities comprised of 537 units. The portfolio is well diversified and defensive in terms of geographies and property asset types, with 50% of NOI (44% of asset value) comprised of grocery anchored retail followed by industrial at 25% of NOI (29% of asset value). In addition, the portfolio is well diversified in terms of geographies with 37% of NOI (41% of asset value) comprised of assets located in Ontario, followed by Quebec at 36% of NOI (31% of asset value). TENANT DIVERSIFICATION The portfolio is well diversified by tenant profile with no tenant currently accounting for more than 13.1% of total net rent. Further, the top 10 tenants are comprised of large national tenants and account for 32.2% of total net rent. ARTICLE CONTINUES BELOW Q2/2025 HIGHLIGHTS Key highlights for the three months ended June 30, 2025 are as follows: Adjusted Funds From Operations ('AFFO') was approximately $4.5 million, largely in line with Q2/2024; AFFO per Unit for Q2/2025 was $0.123. AFFO Payout Ratio improved to 106% for Q2/2025, compared to the 111% for Q1/2025. $7.84 Net Asset Value ('NAV') per Unit, a 1.7% increase from Q2/2024; Net Operating Income ('NOI') was approximately $9.6 million, largely in line with Q2/2024; Same Property NOI increased 1.3% over Q2/2024; Commercial occupancy was 93.8%, Multi-Residential occupancy was 94.4% while Manufactured Homes Communities occupancy was 100.0%; Conservative leverage profile with Debt / Gross Book Value ('GBV') at 49.9%; The Trust completed the sale of retail properties from the Centre Ice Retail Portfolio and Montreal Industrial Portfolio for gross proceeds of $29.3 million with the Trust's pro-rata share being $15.0 million. The Trust recognized a gain on sale of approximately $1.8 million; and The Trust declared and approved monthly distributions in the amount of $0.04333 per Trust Unit for Unitholders of record on October 31, 2025, November 28, 2025 and December 31, 2025, payable on or about November 17, 2025, December 15, 2025, and January 15, 2026, respectively. See chart below for additional information: For the complete financial statements, Management's Discussion & Analysis and supplementary information, please visit a or the Trust's website at DISTRIBUTION REINVESTMENT PLAN & UNIT PURCHASE PLAN The Trust has in place a Distribution Reinvestment Plan ('DRIP') and Unit Purchase Plan (the 'UPP'). Under the terms of the DRIP, FCPT's Unitholders may elect to automatically reinvest all or a portion of their regular monthly distributions in additional Units, without incurring brokerage fees or commissions and may acquire units up to a 3% discount (conditions apply). Under the terms of the UPP, FCPT's Unitholders may purchase a minimum of $1,000 of Units per month and maximum purchases of up to $12,000 per annum. Management and trustees have not participated in the DRIP or UPP to date and own or control approximately 10% of the issued and outstanding trust units of the Trust. ABOUT FIRM CAPITAL PROPERTY TRUST (TSX : Firm Capital Property Trust is focused on creating long-term value for Unitholders, through capital preservation and disciplined investing to achieve stable distributable income. In partnership with management and industry leaders. The Trust's plan is to own as well as to co-own a diversified property portfolio of multi-residential, flex industrial, and net lease convenience retail. In addition to stand alone accretive acquisitions, the Trust will make joint acquisitions with strong financial partners and acquisitions of partial interests from existing ownership groups, in a manner that provides liquidity to those selling owners and professional management for those remaining as partners. Firm Capital Realty Partners Inc., through a structure focused on an alignment of interests with the Trust sources, syndicates and property and asset manages investments on behalf of the Trust. FORWARD LOOKING INFORMATION This press release may contain forward-looking statements. In some cases, forward-looking statements can be identified by the use of words such as 'may', 'will', 'should', 'expect', 'plan', 'anticipate', 'believe', 'estimate', 'predict', 'potential', 'continue', and by discussions of strategies that involve risks and uncertainties. The forward-looking statements are based on certain key expectations and assumptions made by the Trust. By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Although management of the Trust believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that future results, levels of activity, performance or achievements will occur as anticipated. Neither the Trust nor any other person assumes responsibility for the accuracy and completeness of any forward-looking statements, and no one has any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or such other factors which affect this information, except as required by law. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, which may be made only by means of a prospectus, nor shall there be any sale of the Units in any state, province or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under securities laws of any such state, province or other jurisdiction. The Units of the Firm Capital Property Trust have not been, and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered, sold or delivered in the United States absent registration or an application for exemption from the registration requirements of U.S. securities laws. Certain financial information presented in this press release reflect certain non- International Financial Reporting Standards ('IFRS') financial measures, which include NOI, Same Store NOI, FFO and AFFO. These measures are commonly used by real estate investment entities as useful metrics for measuring performance and cash flows, however, they do not have standardized meaning prescribed by IFRS and are not necessarily comparable to similar measures presented by other real estate investment entities. These terms are defined in the Trust's Management Discussion and Analysis ('MD&A') for the year ended December 31, 2024 as filed on
Toronto Star
31-07-2025
- Business
- Toronto Star
Firm Capital Property Trust Announces Positive Amendments to Distribution Reinvestment Plan Including Discount on Units Issued From Treasury
TORONTO, July 31, 2025 (GLOBE NEWSWIRE) — Firm Capital Property Trust (TSX: ('FCPT' or the 'Trust') is pleased to announce positive amendments to the Trust's Distribution Reinvestment Plan (the 'DRIP') including the implementation of a discount on Trust Units issued from treasury. Currently, the Trust's DRIP contemplates that the floor price for Trust Units issued from treasury is $8.00 per Trust Unit and no discount is applied to Trust Units issued from treasury should the Average Market Price (as defined in the DRIP) exceed $8.00 per Trust Unit. Effective the July 2025 distribution (payable on or about August 15, 2025), the Trust's DRIP floor price will be lowered from $8.00 per Trust Unit to $7.40 per Trust Unit. Furthermore, if the Average Market Price of the Trust Units exceeds $7.40 per Trust Unit, then the Trust will issue from treasury its Trust Units at the Average Market Price less a 3% discount.
The Market Online
18-07-2025
- Business
- The Market Online
A standout performer in Canada's real estate sector
Killam Apartment REIT (TSX: has grown into one of Canada's largest residential landlords With a net profit margin exceeding 76 per cent, Killam has demonstrated solid operational efficiency and disciplined capital management The REIT manages over C$3.7 billion in assets , with a strong presence across key urban centers in Eastern Canada , with a strong presence across key urban centers in Eastern Canada Killam Apartment REIT stock (TSX: opened trading at C$19.10 As real estate stocks surge in popularity among investors, Killam Apartment REIT (TSX: has emerged as a top-tier performer in Canada's small-cap space. With a market capitalization of approximately C$2.3 billion and shares trading steadily above C$19 since late May, Killam is drawing attention for all the right reasons. This content has been prepared as part of a partnership with Killam Apartment REIT and is intended for informational purposes only. A real estate powerhouse from Halifax Killam has grown into one of Canada's largest residential landlords. Its diversified portfolio includes multi-residential apartments, manufactured home communities, and a modest share of commercial properties. As of 2025, the REIT manages over C$3.7 billion in assets, with a strong presence across key urban centers in Eastern Canada. What truly sets Killam apart is its profitability. In 2024, the company reported C$487 million in net income, an impressive figure for a small-cap REIT. With a net profit margin exceeding 76 per cent, Killam has demonstrated solid operational efficiency and disciplined capital management. This performance hasn't gone unnoticed. Killam recently topped the list on for Most profitable small-cap companies in Canada for July 2025—half of which were real estate stocks, a clear sign the sector's current momentum. Strong market performance Killam's stock is up over 12.5 per cent year-to-date and has gained more than 5.5 per cent compared to this time last year. This steady upward trajectory reflects investor confidence in the REIT's fundamentals and growth strategy. Monthly distribution and DRIP incentives In its latest announcement, Killam declared its July 2025 monthly distribution of $0.06 per unit, payable on August 15, 2025, to unitholders of record as of July 31, 2025. The REIT also offers a Distribution Reinvestment Plan (DRIP), allowing eligible unitholders to reinvest their cash distributions into additional units. Participants in the DRIP receive a 3 per cent bonus in the form of additional units—an attractive incentive for long-term investors. Why investors are watching Killam's appeal lies in its combination of: Strong asset base and geographic diversification and geographic diversification High profitability and efficient operations and efficient operations Reliable monthly distributions with reinvestment incentives with reinvestment incentives Solid market performance in a booming sector As demand for residential rental properties remains robust and interest in real estate equities continues to climb, Killam Apartment REIT stands out as a compelling opportunity for income-focused and growth-oriented investors alike. Whether you're an investor seeking stable returns or simply curious about Canada's real estate landscape, Killam Apartment REIT is a name worth knowing. Killam Apartment REIT stock (TSX: opened trading at C$19.10. Join the discussion: Find out what the Bullboards are saying about Killam Apartment REIT and check out Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here .
Cision Canada
15-07-2025
- Business
- Cision Canada
Chartwell Announces July 2025 Distribution and Provides Occupancy Update
MISSISSAUGA, ON, July 15, 2025 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: announced today a cash distribution of $0.051 per Trust Unit. The cash distribution will be payable on August 15, 2025 to unitholders of record on July 31, 2025. Unitholders can participate in Chartwell's Distribution Reinvestment Plan ("DRIP"). Eligible investors registered in the DRIP will have their monthly cash distributions used to purchase Trust Units and will also receive bonus units equal to 3% of their monthly cash distributions. DRIP offers unitholders the opportunity to steadily increase their ownership in Chartwell without incurring any commission or brokerage fees. Complete details of the DRIP are available on Chartwell's website at or from a unitholder's investment advisor. Same Property Occupancy Update The chart included (Figure 1) summarizes Chartwell's same property monthly weighted average occupancy rates for the months ended December 31, 2023, through to June 30, 2025, and provides forecasts for same property weighted average occupancy for the months ending July 31, 2025, and August 31, 2025. We expect positive momentum in initial contacts, personalized tours and high conversion rates to permanent move-ins to continue through 2025, supported by strong demand resulting from accelerating demographic growth, shortages of long-term care beds, and fewer seniors housing construction starts. Forward-Looking Information This press release contains forward-looking information that reflects the current expectations, estimates and projections of management about the future results, performance, achievements, prospects or opportunities for Chartwell and the seniors housing industry. Forward-looking statements are based upon a number of assumptions and are subject to a number of known and unknown risks and uncertainties, many of which are beyond our control, and that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking statements. Examples of forward-looking information in this document include, but are not limited to, statements regarding our business strategies, including targets, and the expected results of such strategies, predictions and expectations with respect to industry trends regarding senior population growth, long term care bed shortages and the slowdown of new construction starts, and occupancy rate forecasts. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those expected or estimated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. These factors are more fully described in the "Risks and Uncertainties and Forward-Looking Information" section in our Management's Discussion and Analysis for the year ended December 31, 2024 (the "2024 MD&A"), and in materials filed with the securities regulatory authorities in Canada from time to time, including but not limited to our Annual Information Form (the "AIF"). A copy of the 2024 MD&A, the AIF and Chartwell's other publicly filed documents can be accessed under Chartwell's profile on SEDAR+ at Except as required by law, Chartwell does not intend to update or revise any forward-looking statements, whether as a result of new information, future events or for any other reason. ABOUT CHARTWELL Chartwell is in the business of serving and caring for Canada's seniors, committed to its vision of Making People's Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long-term care. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country. For more information, visit
Cision Canada
16-06-2025
- Business
- Cision Canada
Chartwell Announces June 2025 Distribution and Provides Occupancy Update
MISSISSAUGA, ON, June 16, 2025 /CNW/ - Chartwell Retirement Residences ("Chartwell") (TSX: announced today a cash distribution of $0.051 per Trust Unit. The cash distribution will be payable on July 15, 2025 to unitholders of record on June 30, 2025. Unitholders can participate in Chartwell's Distribution Reinvestment Plan ("DRIP"). Eligible investors registered in the DRIP will have their monthly cash distributions used to purchase Trust Units and will also receive bonus units equal to 3% of their monthly cash distributions. DRIP offers unitholders the opportunity to steadily increase their ownership in Chartwell without incurring any commission or brokerage fees. Complete details of the DRIP are available on Chartwell's website at or from a unitholder's investment advisor. Same Property Occupancy Update The chart included (Figure 1) summarizes Chartwell's same property monthly weighted average occupancy rates for the months ended December 31, 2023, through to May 31, 2025, and provides forecasts for same property weighted average occupancy for the months ending June 30, 2025, and July 31, 2025. We expect positive momentum in initial contacts, personalized tours and high conversion rates to permanent move-ins to continue through 2025, supported by strong demand resulting from accelerating demographic growth, shortages of long-term care beds, and fewer seniors housing construction starts. Forward-Looking Information This press release contains forward-looking information that reflects the current expectations, estimates and projections of management about the future results, performance, achievements, prospects or opportunities for Chartwell and the seniors housing industry. Forward-looking statements are based upon a number of assumptions and are subject to a number of known and unknown risks and uncertainties, many of which are beyond our control, and that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking statements. Examples of forward-looking information in this document include, but are not limited to, statements regarding our business strategies, including targets, and the expected results of such strategies, predictions and expectations with respect to industry trends regarding senior population growth, long term care bed shortages and the slowdown of new construction starts, and occupancy rate forecasts. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those expected or estimated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. These factors are more fully described in the "Risks and Uncertainties and Forward-Looking Information" section in our Management's Discussion and Analysis for the year ended December 31, 2024 (the "2024 MD&A"), and in materials filed with the securities regulatory authorities in Canada from time to time, including but not limited to our Annual Information Form (the "AIF"). A copy of the 2024 MD&A, the AIF and Chartwell's other publicly filed documents can be accessed under Chartwell's profile on SEDAR+ at Except as required by law, Chartwell does not intend to update or revise any forward-looking statements, whether as a result of new information, future events or for any other reason. ABOUT CHARTWELL Chartwell is in the business of serving and caring for Canada's seniors, committed to its vision of Making People's Lives BETTER and to providing a happier, healthier, and more fulfilling life experience for its residents. Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long-term care. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country. For more information, visit For more information, please contact:
