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Firm Cap Mortgage Invest ( (TSE:FC) ) has provided an update.
Firm Capital Mortgage Investment Corporation reported a 9.9% increase in net income for Q4 2024, with a 3.1% rise for the entire year. The investment portfolio grew by 9.3% to $653.8 million, with new investment funding reaching $329 million. The company maintains a diversified mortgage investment portfolio, primarily in Ontario, and offers a Dividend Reinvestment Plan and Share Purchase Plan to shareholders. The corporation declared dividends totaling $35.2 million for 2024, slightly up from the previous year.
More about Firm Cap Mortgage Invest
Firm Capital Mortgage Investment Corporation, through its mortgage banker, Firm Capital Corporation, is a non-bank lender specializing in residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments. The company focuses on preserving shareholders’ equity while providing a stable stream of monthly dividends through investments in selected niche markets.
YTD Price Performance: 1.31%
Average Trading Volume: 60,873
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$438.6M
Learn more about FC stock on TipRanks’ Stock Analysis page.
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