Firm Capital Apartment Real Estate Investment Trust
Firm Capital Apartment Real Estate Investment Trust is a U.S. focused real estate investment trust that pursues multi-residential income producing real estate and related debt investments on both a wholly owned and joint venture basis. The Trust has ownership interests in apartment units diversely located in Florida, Connecticut, Texas, New York, Georgia and Maryland. The Trust trades on the TSXV… Read more
Firm Capital Apartment Real Estate Investment Trust (FCAFF) - Net Assets
Latest net assets as of September 2025: $44.36 Million USD
Based on the latest financial reports, Firm Capital Apartment Real Estate Investment Trust (FCAFF) has net assets worth $44.36 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($80.44 Million) and total liabilities ($36.08 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $44.36 Million |
| % of Total Assets | 55.15% |
| Annual Growth Rate | 27.2% |
| 5-Year Change | -34.17% |
| 10-Year Change | 96.5% |
| Growth Volatility | 2254.01 |
Firm Capital Apartment Real Estate Investment Trust - Net Assets Trend (2007–2024)
This chart illustrates how Firm Capital Apartment Real Estate Investment Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Firm Capital Apartment Real Estate Investment Trust (2007–2024)
The table below shows the annual net assets of Firm Capital Apartment Real Estate Investment Trust from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $49.98 Million | -6.42% |
| 2023-12-31 | $53.41 Million | -13.98% |
| 2022-12-31 | $62.09 Million | -19.42% |
| 2021-12-31 | $77.06 Million | +1.49% |
| 2020-12-31 | $75.92 Million | +16.59% |
| 2019-12-31 | $65.12 Million | +180.15% |
| 2018-12-31 | $-81.25 Million | -6.13% |
| 2017-12-31 | $-76.56 Million | -42.87% |
| 2016-12-31 | $-53.58 Million | -310.66% |
| 2015-12-31 | $25.44 Million | -43.99% |
| 2014-12-31 | $45.42 Million | -8.02% |
| 2013-12-31 | $49.38 Million | +8714.33% |
| 2012-12-31 | $560.19K | -7.39% |
| 2011-12-31 | $604.86K | -8.38% |
| 2010-12-31 | $660.19K | -4.29% |
| 2009-12-31 | $689.76K | +0.98% |
| 2008-12-31 | $683.05K | -18.37% |
| 2007-12-31 | $836.77K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Firm Capital Apartment Real Estate Investment Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 4023456995.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $90.22 Million | 180.51% |
| Total Equity | $49.98 Million | 100.00% |
Firm Capital Apartment Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of Firm Capital Apartment Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Phosco Ltd
AU:PHO
|
$17.08 Million |
|
Rigolleau SA
BA:RIGO
|
$17.09 Million |
|
Ecocab Co. Ltd
KQ:128540
|
$17.09 Million |
|
TREJHARA SOLUTIONS LIMITED
NSE:TREJHARA
|
$17.09 Million |
|
Display Tech Co. Ltd
KQ:066670
|
$17.07 Million |
|
LB Lusem Co. Ltd.
KQ:376190
|
$17.07 Million |
|
Sangsin Brake
KO:041650
|
$17.06 Million |
|
NTF Intergroup (Thailand) Public Company Limited
BK:NTF
|
$17.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Firm Capital Apartment Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 53,411,593 to 49,982,915, a change of -3,428,678 (-6.4%).
- Net loss of 3,429,000 reduced equity.
- Other comprehensive income decreased equity by 53,138,323.
- Other factors increased equity by 53,138,645.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.43 Million | -6.86% |
| Other Comprehensive Income | $-53.14 Million | -106.31% |
| Other Changes | $53.14 Million | +106.31% |
| Total Change | $- | -6.42% |
Book Value vs Market Value Analysis
This analysis compares Firm Capital Apartment Real Estate Investment Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.46x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.07x to 0.46x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | $43.81 | $3.00 | x |
| 2007-12-31 | $31.03 | $3.00 | x |
| 2008-12-31 | $24.84 | $3.00 | x |
| 2009-12-31 | $25.08 | $3.00 | x |
| 2010-12-31 | $26.64 | $3.00 | x |
| 2011-12-31 | $24.80 | $3.00 | x |
| 2012-12-31 | $22.97 | $3.00 | x |
| 2013-12-31 | $52.35 | $3.00 | x |
| 2014-12-31 | $21.79 | $3.00 | x |
| 2015-12-31 | $12.30 | $3.00 | x |
| 2016-12-31 | $38.20 | $3.00 | x |
| 2017-12-31 | $13.79 | $3.00 | x |
| 2018-12-31 | $14.01 | $3.00 | x |
| 2019-12-31 | $9.38 | $3.00 | x |
| 2020-12-31 | $9.84 | $3.00 | x |
| 2021-12-31 | $10.13 | $3.00 | x |
| 2022-12-31 | $8.17 | $3.00 | x |
| 2023-12-31 | $7.02 | $3.00 | x |
| 2024-12-31 | $6.57 | $3.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Firm Capital Apartment Real Estate Investment Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -46.58%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.73x
- Recent ROE (-6.86%) is above the historical average (-10.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -0.90% | 0.00% | 0.00x | 1.02x | $-51.40K |
| 2007 | 0.68% | 17.02% | 0.04x | 1.01x | $-78.01K |
| 2008 | -3.53% | -163.07% | 0.02x | 1.01x | $-92.43K |
| 2009 | -17.74% | -4903.28% | 0.00x | 1.07x | $-191.35K |
| 2010 | -11.00% | -1620.92% | 0.01x | 1.02x | $-138.64K |
| 2011 | -13.37% | -1312.89% | 0.01x | 1.02x | $-141.33K |
| 2012 | -4.70% | -385.23% | 0.01x | 1.03x | $-82.35K |
| 2013 | -16.49% | -133.03% | 0.05x | 2.26x | $-13.08 Million |
| 2014 | -20.42% | -96.15% | 0.08x | 2.55x | $-13.82 Million |
| 2015 | -83.73% | -563.41% | 0.04x | 3.66x | $-22.39 Million |
| 2016 | -7.04% | -128.94% | 0.41x | 0.13x | $-14.23 Million |
| 2017 | 1.61% | 28.06% | 16.62x | 0.00x | $-6.94 Million |
| 2018 | 6.87% | 136.10% | 2.45x | 0.02x | $-2.57 Million |
| 2019 | 10.83% | 164.25% | 0.04x | 1.53x | $543.73K |
| 2020 | 7.38% | 135.85% | 0.04x | 1.43x | $-1.99 Million |
| 2021 | 4.98% | 65.33% | 0.05x | 1.65x | $-3.87 Million |
| 2022 | -22.74% | -121.83% | 0.07x | 2.53x | $-20.33 Million |
| 2023 | -16.31% | -70.62% | 0.10x | 2.33x | $-14.05 Million |
| 2024 | -6.86% | -46.58% | 0.08x | 1.73x | $-8.43 Million |
Industry Comparison
This section compares Firm Capital Apartment Real Estate Investment Trust's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $1,567,460,600
- Average return on equity (ROE) among peers: 0.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Firm Capital Apartment Real Estate Investment Trust (FCAFF) | $44.36 Million | -0.90% | 0.81x | $17.07 Million |
| Apartment Investment and Management Co (AIV) | $1.90 Billion | 3.39% | 1.24x | $560.76 Million |
| American Homes 4 Rent (AMH) | $3.47 Million | -1.21% | 0.01x | $9.13 Billion |
| Altarea SCA (ATRRF) | $807.10 Million | -58.59% | 3.65x | $599.60 Million |
| AvalonBay Communities Inc (AVB) | $10.99 Billion | 7.15% | 0.74x | $22.59 Billion |
| Bluerock Homes Trust Inc. (BHM) | $461.97 Million | 7.43% | 0.17x | $26.77 Million |
| Boardwalk Real Estate Investment Trust (BOWFF) | $8.10 Million | 4.94% | 13.70x | $1.81 Billion |
| BRT Realty Trust (BRT) | $132.06 Million | 9.09% | 0.50x | $165.50 Million |
| BSR Real Estate Investment Trust (BSRTF) | $975.75 Million | 23.29% | 1.11x | $404.42 Million |
| Canadian Apartment Properties REIT (CDPYF) | $204.11 Million | 8.76% | 1.59x | $4.34 Billion |
| Clipper Realty Inc (CLPR) | $185.59 Million | -1.27% | 4.67x | $39.85 Million |