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MarketScreener Homepage  >  Equities  >  TSX VENTURE EXCHANGE  >  Firm Capital Property Trust    FCD.UN   CA3183261054

FIRM CAPITAL PROPERTY TRUST

(FCD.UN)
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Firm Capital Property Trust : Announces Grant of Options

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08/14/2019 | 07:24pm EDT

TORONTO, Aug. 14, 2019 (GLOBE NEWSWIRE) -- Firm Capital Property Trust (“FCPT” or the “Trust”) (TSXV : FCD.UN) announces the grant of options to acquire units in the capital of the Trust (each, a “Unit”) to trustees and officers of the Trust on August 14, 2019.  Each of the options will expire five years from the date of grant.  The Trustees and Officers of the Trust were issued options to purchase that number of Units as set forth opposite their name as follows:

Trustee / OfficerNumber of OptionsExercise Price / Unit
Stanley Goldfarb75,000$6.40
Lawrence Shulman75,000$6.40
Manfred Walt75,000$6.40
Geoffrey Bledin75,000$6.40
Howard Smuschkowitz
Jeff Goldfarb
Victoria Granovski
75,000
75,000
75,000
$6.40
$6.40
$6.40
Eli Dadouch400,000$6.40
Jonathan Mair85,000$6.40
Robert McKee100,000$6.40
Sandy Poklar100,000$6.40
Joseph Fried80,000$6.40
Total1,290,000 
   

ABOUT 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 co-own a diversified property portfolio of multi-residential, flex industrial, net lease convenience retail, and core service provider professional space. 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.

FORWARD LOOKING INFORMATION

This press release may contain forward-looking statements. In some cases, forward-looking statements can be identified by the use of words such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", and by discussions of strategies that involve risks and uncertainties. The forward-looking statements are based on certain key expectations and assumptions made by the Trust. By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Although management of the Trust believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that future results, levels of activity, performance or achievements will occur as anticipated. Neither the Trust nor any other person assumes responsibility for the accuracy and completeness of any forward-looking statements, and no one has any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or such other factors which affect this information, except as required by law.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, which may be made only by means of a prospectus, nor shall there be any sale of the Units in any state, province or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under securities laws of any such state, province or other jurisdiction. The Units of the Firm Capital Property Trust have not been, and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered, sold or delivered in the United States absent registration or an application for exemption from the registration requirements of U.S. securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibilities for the adequacy or accuracy of this release.

For further information, please contact:

Robert McKee
President & Chief Executive Officer
(416) 635-0221

Sandy Poklar
Chief Financial Officer
(416) 635-0221

FCPT Logo.png

Source: Firm Capital Property Trust

2019 GlobeNewswire, Inc., source Press Releases

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Financials (CAD)
Sales 2018 -
EBIT 2018 -
Net income 2018 -
Debt 2018 -
Yield 2018 7,30%
P/E ratio 2018 -
P/E ratio 2019 -
Capi. / Sales2018 -
Capi. / Sales2019 -
Capitalization 165 M
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 7,25  CAD
Last Close Price 6,30  CAD
Spread / Highest target 15,1%
Spread / Average Target 15,1%
Spread / Lowest Target 15,1%
EPS Revisions
Managers
NameTitle
Robert McKee Chef Executive Officer & Non-Independent Trustee
Stanley Goldfarb Chairman-Trustees Board
Sandy Ivan Poklar Chief Financial Officer & Non-Independent Trustee
Eli Dadouch Vice Chairman-Trustees Board & Co-CIO
Jonathan Mair Non-Independent Trustee & Co-CIO
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