SUPPLEMENTAL INFORMATION PACKAGE

Transcription

1 FIRM CAPITAL PROPERTY TRUST CAPITAL PRESERVATION DISCIPLINED INVESTING SUPPLEMENTAL INFORMATION PACKAGE THIRD QUARTER 2018 SEPTEMBER 30, 2018

2 INVESTMENT STRATEGY 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. DISTRIBUTION HISTORY +37.1% Increase Since Inception $ /unit ($0.35/unit per $ /unit ($0.37/unit per $ /unit ($0.40/unit per $0.035/unit ($0.42/unit per $ /unit ($0.44/unit per $ /unit ($0.46/unit per $0.04/unit per month ($0.48/unit per Firm Capital Property Trust Q3/2018 Page 2

3 NET ASSET VALUE ( NAV ) GROWTH +46% Increase Since Inception f TOTAL RETURN ON INVESTMENT A $100 Investment in 2012 Would be Worth $185 Today!! $185 $ Firm Capital Property Trust Q3/2018 Page 3

4 QUARTERLY RENTAL REVENUE & NOI $5.4 M $0.8 M QUARTERLY FFO, AFFO & PAYOUT RATIOS Firm Capital Property Trust Q3/2018 Page 4

5 TOP 10 TENANTS BY % OF TOTAL NET RENT # Tenant Location % of Total Net Rent 1 PPG Architectural Coatings Canada Inc 8 locations in ON, with 1 in each of NB, MB, AB 5.0% 2 Sobey's Guelph and Whitby, ON 3.8% 3 NCR Canada Corp. Waterloo, ON 2.9% 4 LCBO Guelph and Whitby, ON 2.5% 5 Sport Systems Unlimited Corp. Waterloo, ON 2.1% 6 Connect Telecommunication Inc. Waterloo, ON 1.7% 7 QUEBECOR MEDIA INC. Montreal, QC 1.7% 8 Staples Bridgewater, NS 1.7% 9 World Gym Waterloo, ON 1.5% 10 Dollar Tree Stores Canada Inc Guelph and Whitby, ON 1.5% Total 24.5% NOI BY GEOGRAPHICAL LOCATION & PROPERTY TYPE Firm Capital Property Trust Q3/2018 Page 5

6 Occupancy Location Property Address Total Square % Interest Net Leasable Q3/2018 Q2/2018 Q1/2018 Q4/2017 Q3/2017 Retail Bridgewater NS New Pine Grove Road 46, % 46, % 84.9% 84.9% 84.9% 84.9% Brampton ON 2880 Queen Street 36, % 36, % 85.0% 85.0% 85.0% 85.0% Hanover ON th Street 19, % 19, % 100.0% 100.0% 100.0% 100.0% Pembroke ON 1108 Pembroke Street 11, % 11, % 100.0% 100.0% 100.0% 100.0% Moncton NB 1435 Mountain Road 16, % 16, % 100.0% 100.0% 100.0% 100.0% Guelph ON 328 Speedvale Commerical Centre 115, % 115, % 100.0% 99.0% 99.0% Lethbridge AB rd Avenue South 7,226 70% 5, % 100.0% 100.0% 100.0% 100.0% Courtenay BC 870 Cliffe Avenue 4,024 70% 2, % 0.0% 100.0% 100.0% 100.0% Winnipeg MB 1436 McPhillips Street 4,200 70% 2, % 100.0% 100.0% 100.0% 100.0% Moncton NB 1075 Mountain Road 4,655 70% 3, % 0.0% 0.0% 0.0% 0.0% Fredericton NB 947 Prospect Street 6,742 70% 4, % 100.0% 100.0% 100.0% 100.0% Barrie ON Yonge Street 4,748 70% 3, % 100.0% 100.0% 100.0% 100.0% Barrie ON 389 Yonge Street 1,680 70% 1, % 100.0% 100.0% 100.0% 100.0% Barrie ON 393 Yonge Street 6,897 70% 4, % 78.1% 78.1% 78.1% 55.0% Brantford ON 50 King George Road 12,894 70% 9, % 57.0% 57.0% 57.0% 57.0% Burlington ON 775 Woodview Road 9,263 70% 6, % 100.0% 100.0% 100.0% 100.0% Cambridge ON 611 Hespeller Road 15,752 70% 11, % 100.0% 100.0% 100.0% 100.0% Cornwall ON 1307 Brookdale Avenue 4,000 70% 2, % 100.0% 100.0% 100.0% 100.0% Hamilton ON 900 Upper James Street 4,125 70% 2, % 100.0% 100.0% 100.0% 100.0% London ON 778 Wharncliffe Road South 8,162 70% 5, % 100.0% 100.0% 100.0% 100.0% London ON 843 Wharncliffe Road South 5,700 70% 3, % 100.0% 100.0% 100.0% 100.0% Mississauga ON 2050 Dundas Street East 31,010 70% 21, % 100.0% 95.3% 100.0% 100.0% Ottawa ON 1840 Carling Avenue 4,448 70% 3, % 100.0% 100.0% 100.0% 100.0% St. Catharines ON 350 Ontario Street 38,462 70% 26, % 71.2% 60.7% 75.4% 75.4% St. Catharines ON 398 Ontario Street 5,418 70% 3, % 100.0% 100.0% 100.0% 100.0% St. Thomas ON 1018 Talbot Street 3,595 70% 2, % 100.0% 100.0% 100.0% 100.0% Sudbury ON 1526 LaSalle Blvd. 9,643 70% 6, % 100.0% 84.6% 100.0% 100.0% Waterloo ON 405 Weber Street North 5,274 70% 3, % 100.0% 100.0% 100.0% 100.0% Whitby ON 1615 Dundas Street East 312,729 40% 125, % 99.6% 98.9% 98.9% 95.3% Whitby ON 80 Thickson Road South 104,808 40% 41, % 100.0% 100.0% 100.0% 100.0% Subtotal / Weighted Average - Net Lease Convenience Retail 861,536 64% 551, % 94.2% 93.4% 94.5% 93.7% * Occupancy does not include vacant 56,685 sq. ft. of basement/storage space Office Whitby ON 1615 Dundas Street East 72,117 40% 28, % 75.7% 73.4% 67.4% 67.0% Barrie ON 121 Wellington Street 42, % 42, % 58.0% 58.0% 63.0% 63.2% Subtotal / Weighted Average - Core Service Provider Office 115,001 62% 71, % 66.7% 65.7% 65.3% 65.2% Industrial Montreal QC Begin Street 46,735 50% 23, % 100.0% 100.0% 100.0% 100.0% Montreal QC Begin Street 39,025 50% 19, % 100.0% 100.0% 100.0% 100.0% Montreal QC Begin St & 3800 Thimens Blvd 41,019 50% 20, % 100.0% 100.0% 100.0% 85.4% Montreal QC Garand St & 7905 Trans Canada Hwy 55,524 50% 27, % 100.0% 100.0% 100.0% 100.0% Montreal QC 4405 Garand Street 33,200 50% 16, % 100.0% 100.0% 100.0% 100.0% Montreal QC Garand Street 30,375 50% 15, % 100.0% 100.0% 72.4% 100.0% Montreal QC 4445 Garand Street 70,108 50% 35, % 100.0% 100.0% 100.0% 100.0% Montreal QC Garand Street 41,334 50% 20, % 100.0% 100.0% 74.7% 100.0% Montreal QC 4475 Garand Street 29,200 50% 14, % 100.0% 100.0% 100.0% 100.0% Montreal QC Garand Street 20,017 50% 10, % 40.0% 40.0% 40.0% 0.0% Montreal QC Garand Street 30,081 50% 15, % 100.0% 100.0% 100.0% 100.0% Montreal QC Garand Street 36,801 50% 18, % 100.0% 100.0% 100.0% 100.0% Montreal QC Garand Street 33,373 50% 16, % 100.0% 100.0% 33.3% 100.0% Montreal QC 4150 Poirier Boulevard 20,287 50% 10, % 100.0% 100.0% 100.0% 100.0% Montreal QC Poirier Boulevard 29,445 50% 14, % 100.0% 100.0% 100.0% 100.0% Montreal QC Poirier Boulevard 33,305 50% 16, % 55.9% 100.0% 44.1% 0.0% Montreal QC Poirier Boulevard 60,420 50% 30, % 100.0% 100.0% 100.0% 100.0% Montreal QC Poirier Boulevard 33,750 50% 16, % 100.0% 100.0% 0.0% 0.0% Montreal QC Poirier Boulevard 41,029 50% 20, % 100.0% 100.0% 100.0% 100.0% Montreal QC Poirier Boulevard 37,740 50% 18, % 100.0% 100.0% 100.0% 100.0% Montreal QC Pomba Street 26,682 50% 13, % 100.0% 100.0% 100.0% 100.0% Montreal QC Thimens Boulevard 68,396 50% 34, % 100.0% 100.0% 100.0% 100.0% Montreal QC 4380 Garand St & 7875 Trans Canada Hwy 100,000 50% 50, % 100.0% 100.0% 100.0% 100.0% Montreal QC Trans Canada Hwy 30,519 50% 15, % 100.0% 100.0% 100.0% 100.0% Montreal QC Trans Canada Hwy 41,860 50% 20, % 100.0% 100.0% 100.0% 100.0% Waterloo ON 50 Northland Road, Waterloo 220,979 70% 154, % 100.0% 100.0% 100.0% 100.0% Waterloo ON 550 Parkside Drive, Waterloo 126,184 70% 88, % 97.4% 100.0% 100.0% 100.0% Waterloo ON 554 Parkside Drive, Waterloo 81,836 70% 57, % 100.0% 100.0% 100.0% 100.0% Waterloo ON 560 Parkside Drive, Waterloo 83,999 70% 58, % 90.2% 90.2% 100.0% 100.0% Subtotal / Weighted Average - Industrial 1,543,223 57% 874, % 97.6% 98.7% 94.0% 94.7% Overall Total / Weighted Average 2,519,761 59% 1,497, % 94.6% 94.9% 92.6% 93.1% Multi-Residential Ottawa ON 1435 & 1455 Morisset Avenue % % 98.5% 95.6% 85.2% 87.4% Firm Capital Property Trust Q3/2018 Page 6

7 REAL ESTATE PORTFOLIO GROWTH +659% Increase Since Inception f INVESTOR INFORMATION HEAD OFFICE 163 Cartwright Ave Toronto, Ontario M6A 1V5 (416) TSXV : FCD.UN SENIOR MANAGEMENT ADDITIONAL TRUSTEES Robert McKee President, CEO & Trustee Stanley Goldfarb Sandy Poklar Chief Financial Officer & Trustee Geoffrey Bledin Eli Dadouch Vice Chair, Co-Chief Investment Officer & Trustee Larry Shulman Jonathan Mair Co-Chief Investment Officer & Trustee Howard Smuschkowitz Sergio Elport Vice President, Asset Management Manfred Walt Joseph Fried Secretary Jeff Goldfarb Victoria Granovski Firm Capital Property Trust Q3/2018 Page 7