Firm Capital Reports Modest Q1 Earnings Dip

Firm Cap Mortgage Invest (TSE:FC) has released an update.

Firm Capital Mortgage Investment Corporation reported a slight dip in net income for Q1/2024, with a 1.6% decrease to $8.57 million compared to the same period last year, attributed to lower average interest rates on their investment portfolio. Despite this, the company’s investment portfolio grew by $15.1 million to $613.2 million, with an average interest rate of 10.89%. Additionally, the company has declared monthly cash dividends for July, August, and September.

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