Firm Capital Property ( ($TSE:FCD.UN) ) has shared an update.
Firm Capital Property Trust announced the sale of its 50% interest in a 159,470 square foot industrial building in Montreal for $27.9 million. This transaction is expected to generate a gain of approximately $8.0 million for the Trust and increase the capital gains portion of its 2025 distribution. The sale allows the Trust to reduce its exposure to large tenants and reinvest in smaller, multi-tenant industrial units, as well as other sectors like grocery-anchored retail and multi-residential rentals, which are less affected by US tariffs.
More about Firm Capital Property
Firm Capital Property Trust is a real estate investment entity focused on creating long-term value for its unitholders through capital preservation and disciplined investing. The Trust aims to maintain a diversified property portfolio, including multi-residential, flex industrial, and net lease convenience retail properties. It engages in both standalone acquisitions and joint ventures with financial partners, ensuring liquidity for selling owners and professional management for partners.
YTD Price Performance: 4.40%
Average Trading Volume: 28,581
Technical Sentiment Signal: Sell
Current Market Cap: C$210.5M
See more data about FCD.UN stock on TipRanks’ Stock Analysis page.