Canadian REIT public fact sheet
Firm Capital Property Trust (FCD.UN) Facts
Firm Capital Property Trust (FCD.UN) is an active Canadian Diversified REIT. Market data as of October 28, 2026; safety inputs: June 30, 2026; Reported NAV: December 31, 2025. Price $7.05, Market Cap $274M, Distribution Yield 7.44% (public market snapshot, October 28, 2026), and Price / Reported NAV 0.88x; safety screens elevated risk. Data, not advice.
Headline Public Facts
Every value below is emitted by the public facts boundary used by the public sector and ranking pages.
| Ticker | FCD.UN |
|---|---|
| Name | Firm Capital Property Trust |
| Slug | firm-capital-property-trust-fcd-un-tsx |
| Raw sector | diversified |
| Sector | Diversified |
| Price | $7.05 |
| Market Cap | $274M |
| Distribution Yield | 7.44% |
| Distribution Yield Basis | Latest market snapshot |
| Distribution Yield As of | October 28, 2026 |
| AFFO Payout Ratio | 100.0% |
| FFO Payout Ratio | 102.0% |
| Reported NAV / Unit | $8.00 |
| Reported NAV As of | December 31, 2025 |
| Price / Reported NAV | 0.88x |
| Reported NAV Discount | 11.9% |
| Distribution Safety | Elevated risk |
| As of | October 28, 2026 |
Is Firm Capital Property Trust's distribution safe?
Firm Capital Property Trust (FCD.UN) currently screens as elevated risk under REIT Stack's deterministic distribution-safety methodology using extraction-period inputs as of June 30, 2026. The public inputs on this sheet show AFFO payout ratio 100.0% and FFO payout ratio 102.0% from that extraction period, plus Distribution Yield 7.44% from the public market snapshot as of October 28, 2026; the engine driver summary is AFFO payout 100%: Distribution consumes nearly all adjusted cash flow — little cushion; Payout ratio rising: Payout climbed 99% year over year, eroding the cushion. This verdict is a screening signal, not a credit rating or investment recommendation.
What does Firm Capital Property Trust own?
Firm Capital Property Trust (FCD.UN) describes its portfolio this way: Firm Capital Property Trust is a Toronto-based diversified real estate trust focused on commercial properties in Ontario, Québec, and Western Canada. The trust pursues a value-oriented acquisition strategy targeting commercial real estate assets with active management potential, often in secondary or mixed-use locations where institutional capital is underrepresented. Firm Capital's emphasis on financial discipline and conservative underwriting has historically produced stable cash distributions for unitholders. The same public row lists Market Cap $274M as of October 28, 2026 and sector Diversified; property-level inventory, source breadcrumbs, and historical period detail remain in the member product.
Deeper member analysis
This public fact sheet stops at headline public facts. The member product opens the source-backed analysis below without exposing those gated values here.
- Source-line citations and extraction notes
- Full historical financial periods
- Complete distribution-safety driver waterfall
- Real Estate NAV waterfall and sensitivity table
- Earnings-call summaries and transcript audit trail