Firm Capital Mortgage Investment

FC-T

Analysis and Opinions about FC-T

Signal
Opinion
Expert
COMMENT
COMMENT
December 23, 2016

He prefers the private space, because they are just getting the trend on how much you are receiving from the mortgages. You are getting a lot more ability, and pricewise it is about the same. Firm Capital is a well-run company.

He prefers the private space, because they are just getting the trend on how much you are receiving from the mortgages. You are getting a lot more ability, and pricewise it is about the same. Firm Capital is a well-run company.

Lorne Zeiler
Portfolio Manager & Wealth Advisor, TriDelta Financial
Price
$14.030
Owned
No
DON'T BUY
DON'T BUY
October 20, 2016

A mortgage corp. They invest in mortgages, both commercial and residential. It is a very well run company that has a nice dividend. There is a potential for them to be impacted by the new mortgage rules if the housing market slows down.

A mortgage corp. They invest in mortgages, both commercial and residential. It is a very well run company that has a nice dividend. There is a potential for them to be impacted by the new mortgage rules if the housing market slows down.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$13.880
Owned
Unknown
DON'T BUY
DON'T BUY
December 29, 2014

Lending for real estate projects. As interest rates rise, there might be a slowdown in projects so could slow down business for this one. Maybe this real estate cycle is long in the tooth on the building side. He owns more REITs instead of the financing side.

Lending for real estate projects. As interest rates rise, there might be a slowdown in projects so could slow down business for this one. Maybe this real estate cycle is long in the tooth on the building side. He owns more REITs instead of the financing side.

Derek Warren
Asst Vice President, Lincluden Investment Mgmnt
Price
$12.350
Owned
Unknown
BUY
BUY
December 24, 2013

High payout ratio, but more like a high yield bond. They pay out most of their profits. There is no capital appreciation but you get 9 or 10% payout during the year. The stock is not designed to go up. It goes up and down with the appetite for yield.

High payout ratio, but more like a high yield bond. They pay out most of their profits. There is no capital appreciation but you get 9 or 10% payout during the year. The stock is not designed to go up. It goes up and down with the appetite for yield.

Jason Donville
President & CEO, Donville Kent Asset Management
Price
$11.960
Owned
Unknown
BUY
BUY
August 22, 2013

This would be among the best.Concientious management. Has had a little bit of a correction but feels that correction is based on interest rates, not anything that has gone on with the company.

This would be among the best.Concientious management. Has had a little bit of a correction but feels that correction is based on interest rates, not anything that has gone on with the company.

Jason Donville
President & CEO, Donville Kent Asset Management
Price
$11.900
Owned
Unknown
COMMENT
COMMENT
June 24, 2013

This company doesn’t retain any of its profits. Pays out 100% of its profits in the form of dividends so the BV per share never grows. This is like a high-yield bond.

This company doesn’t retain any of its profits. Pays out 100% of its profits in the form of dividends so the BV per share never grows. This is like a high-yield bond.

Jason Donville
President & CEO, Donville Kent Asset Management
Price
$12.270
Owned
No
COMMENT
COMMENT
January 16, 2012
Is dividend safe? Has no worries about this company. Consistent track record. Predominately in Toronto and there is very good loan to value.
Is dividend safe? Has no worries about this company. Consistent track record. Predominately in Toronto and there is very good loan to value.
Jason Donville
President & CEO, Donville Kent Asset Management
Price
$13.120
Owned
Unknown
BUY
BUY
September 1, 2010
Very good management. Focused on smaller community centre shopping areas and tend to take long-term views on their assets. (He owns the bonds, not the stocks.)
Very good management. Focused on smaller community centre shopping areas and tend to take long-term views on their assets. (He owns the bonds, not the stocks.)
Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$11.850
Owned
Yes
HOLD
HOLD
July 20, 2009
As close to a mortgage REIT as you get in Canada. Essentially underwrite a portfolio of construction financing, mezzanine loans and commercial real estate. Average loan term is probably about 1 year. Payout ratio is sustainable. Limited competition. 9% yield but very little growth.
As close to a mortgage REIT as you get in Canada. Essentially underwrite a portfolio of construction financing, mezzanine loans and commercial real estate. Average loan term is probably about 1 year. Payout ratio is sustainable. Limited competition. 9% yield but very little growth.
Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$9.950
Owned
No
BUY
BUY
August 16, 2007
A short-term financer of commercial and multi-residential construction. No exposure to the sub prime market. A good name. Stable yield and modest appreciation.
A short-term financer of commercial and multi-residential construction. No exposure to the sub prime market. A good name. Stable yield and modest appreciation.
Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$10.020
Owned
No
BUY
BUY
December 22, 2006
Small “mortgage” REIT. Mezzanine financing for residential for multi-residential and commercial development. Involves loans for 12 to 16 months for some to develop a property or to reposition one. Expensive debt, so it is short term. Compelling value and a great yield. Fairly illiquid.
Small “mortgage” REIT. Mezzanine financing for residential for multi-residential and commercial development. Involves loans for 12 to 16 months for some to develop a property or to reposition one. Expensive debt, so it is short term. Compelling value and a great yield. Fairly illiquid.
Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$10.430
Owned
No
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