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Firm Capital Property Trust (FCD-UN) Fair Value & Analysis

Real Estate · CA · Market cap C$258M

FC Firm Capital Property Trust FCD-UN · TO
PriceC$7.02
Fair ValueC$9.42
Upside+34.2%
Quality63/100
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Evidence: High Range C$6.76 – C$13.61 📤 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 9 days ago

Share price +2.5% over the past month.

Price vs Fair Value (12 months)

C$7.02 C$5.57 Fair Value C$9.42 Jul 2025 Jul 2026

12‑month range C$5.57 – C$7.02 · fair‑value band C$6.76 – C$13.61 · the C$7.02 price screens below the C$9.42 fair value. As of Jul 12, 2026.

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Analysis

Firm Capital Property Trust (FCD-UN) currently trades at C$7.02, while our model-based Fair Value estimate is C$9.42, implying the stock looks roughly 34.2% undervalued today. We read business quality at 63/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Firm Capital Property Trust generated revenue of C$62.1M at a net margin of 41.0%. Revenue grew 1.8% year over year. It earns a return on equity of 8.2%. Net debt stands at C$314M. Fundamentals as of Jul 12, 2026

Our scenario range runs from C$6.76 (bear case) to C$13.61 (bull case); at C$7.02, the current price sits within that range. The share trades near its 52-week high and 31% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -34% fair-value upside, at 34%, FCD-UN screens cheaper than that median.

Key figures & financial health

Revenue (TTM) C$62.1M
Revenue growth (YoY) +1.8%
Net margin 41.0%
Return on equity 8.2%
Free cash flow C$19.0M FY2025
P/E ratio 9.9
More key figures
Operating margin 53.6%
EPS (TTM) C$0.6900
Dividend yield 7.6%
EPS growth (YoY) -5.4%
Net debt C$314M FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 12, 2026. TTM = trailing twelve months.

About the company

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. Firm Capital Property Trust was established on August 30, 2012 and incorporated in Ontario, Canada.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Firm Capital Property Trust reported revenue of C$61.9M in FY2025 versus C$46.4M in FY2021, a compound +7.4%/yr. Reported net income was C$25.7M in FY2025, compounding −18.5%/yr from FY2021.

Revenue +7.4%/yr
FY21 C$46.4M
FY22 C$54.0M
FY23 C$58.1M
FY24 C$60.6M
FY25 C$61.9M
Net income −18.5%/yr
FY21 C$58.4M
FY22 −C$22.0M
FY23 C$15.4M
FY24 C$33.9M
FY25 C$25.7M

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Cite: Fair Value Calculator (2026). "Firm Capital Property Trust Fair Value". https://www.fairvalue-calculator.com/stock/FCD-UN

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Link Real Estate Investment Trust (Link REIT) 0823 HK$38.20 HK$18.59 -51%
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Federal Realty Investment Trust FRT $121.72 $68.95 -43%

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Frequently asked questions

Is Firm Capital Property Trust (FCD-UN) undervalued?
As of Jul 12, 2026, our model estimates a fair value of C$9.42 versus a price of C$7.02, about +34% (undervalued). Model-based estimate, not financial advice.
What is the fair value of FCD-UN?
Our model-based fair value for Firm Capital Property Trust is C$9.42 (as of Jul 12, 2026), built from audited fundamentals. The current price is C$7.02.
What is the quality score of FCD-UN?
Firm Capital Property Trust has a Quality Score of 63/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Firm Capital Property Trust (FCD-UN)?
Firm Capital Property Trust reported trailing-twelve-month revenue of about C$62.1M (latest available figure, as of Jul 12, 2026).
What is the net profit margin of FCD-UN?
The net profit margin of Firm Capital Property Trust is about 41.0%, meaning it keeps roughly 41.0% of revenue as net income. Based on the latest reported figures.
Does Firm Capital Property Trust pay a dividend?
Firm Capital Property Trust currently shows a dividend yield of about 7.58% relative to its recent price (as of Jul 12, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.