Firm Capital Property Trust
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 t… Read more
Firm Capital Property Trust (FRMUF) - Net Assets
Latest net assets as of September 2025: $305.16 Million USD
Based on the latest financial reports, Firm Capital Property Trust (FRMUF) has net assets worth $305.16 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 ($637.04 Million) and total liabilities ($331.88 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 | $305.16 Million |
| % of Total Assets | 47.9% |
| Annual Growth Rate | 24.95% |
| 5-Year Change | 37.11% |
| 10-Year Change | 355.81% |
| Growth Volatility | 25.84 |
Firm Capital Property Trust - Net Assets Trend (2012–2024)
This chart illustrates how Firm Capital Property 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 Property Trust (2012–2024)
The table below shows the annual net assets of Firm Capital Property Trust from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $306.38 Million | +5.04% |
| 2023-12-31 | $291.69 Million | -1.63% |
| 2022-12-31 | $296.51 Million | +0.20% |
| 2021-12-31 | $295.92 Million | +32.43% |
| 2020-12-31 | $223.45 Million | -2.44% |
| 2019-12-31 | $229.04 Million | +84.04% |
| 2018-12-31 | $124.45 Million | +33.62% |
| 2017-12-31 | $93.13 Million | +20.32% |
| 2016-12-31 | $77.40 Million | +15.15% |
| 2015-12-31 | $67.22 Million | +39.51% |
| 2014-12-31 | $48.18 Million | +62.99% |
| 2013-12-31 | $29.56 Million | +39.69% |
| 2012-12-31 | $21.16 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Firm Capital Property 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 grown by 55158.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $88.64 Million | 28.93% |
| Common Stock | $217.74 Million | 71.07% |
| Total Equity | $306.38 Million | 100.00% |
Firm Capital Property Trust Competitors by Market Cap
The table below lists competitors of Firm Capital Property Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rajesh Exports Limited
NSE:RAJESHEXPO
|
$135.30 Million |
|
Troilus Gold Corp
OTCQX:CHXMF
|
$135.30 Million |
|
MYT Netherlands Parent BV
NYSE:MYTE
|
$135.34 Million |
|
ZYF Lopsking Aluminum Co Ltd
SHE:002333
|
$135.36 Million |
|
Nanhua Instruments Co Ltd
SHE:300417
|
$135.28 Million |
|
So-Young International Inc
NASDAQ:SY
|
$135.27 Million |
|
COPLAND ROAD CAPITAL NEW
F:A2P
|
$135.22 Million |
|
Zuming Bean Products Co Ltd
SHE:003030
|
$135.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Firm Capital Property Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 291,692,787 to 306,379,896, a change of 14,687,109 (5.0%).
- Net income of 33,886,990 contributed positively to equity growth.
- Dividend payments of 19,199,881 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $33.89 Million | +11.06% |
| Dividends Paid | $19.20 Million | -6.27% |
| Total Change | $- | 5.04% |
Book Value vs Market Value Analysis
This analysis compares Firm Capital Property 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: 0.50x
- 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 decreased from 0.85x to 0.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $4.84 | $4.12 | x |
| 2013-12-31 | $5.25 | $4.12 | x |
| 2014-12-31 | $5.42 | $4.12 | x |
| 2015-12-31 | $5.88 | $4.12 | x |
| 2016-12-31 | $6.11 | $4.12 | x |
| 2017-12-31 | $6.85 | $4.12 | x |
| 2018-12-31 | $7.09 | $4.12 | x |
| 2019-12-31 | $7.47 | $4.12 | x |
| 2020-12-31 | $7.61 | $4.12 | x |
| 2021-12-31 | $8.70 | $4.12 | x |
| 2022-12-31 | $7.99 | $4.12 | x |
| 2023-12-31 | $7.90 | $4.12 | x |
| 2024-12-31 | $8.30 | $4.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Firm Capital Property 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): 11.06%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 55.94%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 2.13x
- Recent ROE (11.06%) is above the historical average (10.53%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 1.36% | 99.77% | 0.01x | 1.29x | $-1.83 Million |
| 2013 | 12.93% | 69.19% | 0.09x | 2.08x | $865.94K |
| 2014 | 9.81% | 48.41% | 0.10x | 1.97x | $-92.50K |
| 2015 | 13.99% | 72.28% | 0.10x | 1.98x | $2.68 Million |
| 2016 | 10.29% | 48.95% | 0.10x | 2.15x | $225.90K |
| 2017 | 17.43% | 84.01% | 0.10x | 2.18x | $6.92 Million |
| 2018 | 12.72% | 71.75% | 0.10x | 1.78x | $3.38 Million |
| 2019 | 15.60% | 98.80% | 0.08x | 2.07x | $12.82 Million |
| 2020 | 7.08% | 35.55% | 0.09x | 2.15x | $-6.51 Million |
| 2021 | 19.73% | 125.75% | 0.08x | 1.95x | $28.80 Million |
| 2022 | -0.40% | -2.19% | 0.09x | 2.14x | $-30.84 Million |
| 2023 | 5.27% | 26.46% | 0.09x | 2.19x | $-13.80 Million |
| 2024 | 11.06% | 55.94% | 0.09x | 2.13x | $3.25 Million |
Industry Comparison
This section compares Firm Capital Property Trust's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $22,048,860,627
- Average return on equity (ROE) among peers: 3.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Firm Capital Property Trust (FRMUF) | $305.16 Million | 1.36% | 1.09x | $135.29 Million |
| Agree Realty Corporation (ADC) | $137.98 Million | 10.88% | 0.90x | $9.41 Billion |
| AEORF (AEORF) | $210.91 Billion | 5.61% | 0.83x | $1.34 Billion |
| Acadia Realty Trust (AKR) | $83.00 Million | 4.58% | 2.01x | $2.69 Billion |
| Alexander & Baldwin Holdings Inc (ALEX) | $1.07 Billion | 3.30% | 0.75x | $1.50 Billion |
| Alexanders Inc (ALX) | $50.92 Million | -34.84% | 17.09x | $515.62 Million |
| Saul Centers Inc (BFS) | $-4.60 Million | 0.00% | 0.00x | $453.57 Million |
| Brixmor Property (BRX) | $2.72 Billion | 9.94% | 2.08x | $8.61 Billion |
| CBL & Associates Properties Inc (CBL) | $1.08 Billion | 10.83% | 4.49x | $694.28 Million |
| Capital & Counties Properties PLC (CCPPF) | $2.51 Billion | 17.90% | 0.23x | $1.88 Billion |
| CapitaLand China Trust (CLDHF) | $1.93 Billion | 4.63% | 1.02x | $745.61 Million |