Firm Capital Makes Strides in Real Estate Investment: An In-depth Analysis of Their Q4 2024 Financial Statements
Toronto, Ontario – March 31, 2025 – Firm Capital Mortgage Investment Corporation (Firm Capital), a leading real estate investment company listed on the Toronto Stock Exchange under the symbols FC, FC.DB.I, FC.DB.J, FC.DB.K, and FC.DB.L, recently released their financial statements for the three and twelve months ended December 31, 2024. The Corporation reported impressive financial results, demonstrating their continued growth and commitment to delivering value to their shareholders.
Financial Highlights
For the twelve months ended December 31, 2024, Firm Capital recorded total revenue of $115.7 million, a 12.1% increase compared to the previous year. Net income attributable to common shareholders reached $22.2 million, up from $18.2 million in 2023. The corporation’s assets under management also grew, hitting $1.7 billion as of December 31, 2024.
Investment Portfolio
Firm Capital’s investment portfolio consisted of 123 mortgage investments, with an average investment size of $13.6 million. The weighted average interest rate on these investments was 6.6%, generating a yield of 7.1% for the year. The Corporation’s loan-to-value ratio remained stable at 63.6%.
Impact on Individuals
As an individual investor, the strong financial performance of Firm Capital could mean potential capital gains and increased income from dividends. The company’s history of consistent growth and commitment to paying dividends makes it an attractive investment option for income-seeking investors. However, it is essential to remember that investing always comes with risk, and past performance is not a guarantee of future results.
Impact on the World
Firm Capital’s financial success is a positive sign for the real estate market as a whole. The company’s ability to generate strong returns despite economic uncertainty reflects the resilience of the real estate sector. Additionally, Firm Capital’s continued growth contributes to the Canadian economy by creating jobs and generating tax revenue. However, it’s important to note that not all real estate investments carry the same level of risk and potential reward as Firm Capital’s.
Conclusion
Firm Capital’s impressive financial results for the year ended December 31, 2024, demonstrate their commitment to delivering value to their shareholders. The Corporation’s strong investment portfolio, consistent growth, and commitment to paying dividends make it an attractive investment option for income-seeking investors. Furthermore, Firm Capital’s success is a positive sign for the real estate market and the Canadian economy as a whole. However, it is crucial to remember that investing always comes with risk, and past performance is not a guarantee of future results.
As the world continues to navigate economic uncertainty, companies like Firm Capital that can deliver consistent financial results will remain attractive investment options for those seeking income and capital appreciation. Stay informed about Firm Capital’s future financial performance and market trends by following their news and announcements.
- Firm Capital reported total revenue of $115.7 million for the twelve months ended December 31, 2024, a 12.1% increase from 2023.
- Net income attributable to common shareholders reached $22.2 million, up from $18.2 million in 2023.
- Firm Capital’s assets under management grew to $1.7 billion as of December 31, 2024.
- The investment portfolio consisted of 123 mortgage investments with an average investment size of $13.6 million and a weighted average interest rate of 6.6%.
- The Corporation’s loan-to-value ratio remained stable at 63.6%.
- Firm Capital’s financial performance is a positive sign for the real estate market and the Canadian economy.
