Firm Capital Mortgage Investment Corporation Announces Q2/2026 Results and Declares Monthly Cash Dividends for October and November 2026

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeGlobeNewswireThis section is The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Firm Capital Mortgage Investment Corporation Announces Q2/2026 Results and Declares Monthly Cash Dividends for October and November 2026Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.TORONTO, Aug. 13, 2026 (GLOBE NEWSWIRE) — Firm Capital Mortgage Investment Corporation (the “Corporation”) (TSX FC, FC.DB. K, FC.DB. L and FC.DB.M) today released its financial statements for the three and six months ended June 30, 2026.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountFor the three months ended June 30, 2026, net income decreased by 10.7% to $8,636,306, compared to $9,674,154 for the same period in 2025. For the six months ended June 30, 2026, net income decreased by 12.2% to $17,247,771, compared to $19,647,419 for the same period in 2025. The decreases were primarily attributable to a smaller average investment portfolio and lower average portfolio yields during the period.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againBasic weighted average earnings per share for the three months ended June 30, 2026 was $0.235, as compared to the $0.263 per share reported for the three months ended June 30, 2025. Distributions per share to shareholders for the second quarter ended June 30, 2026 totaled $0.234.The Corporation’s investment portfolio decreased by 0.8% to $605.8 million as of June 30, 2026, in comparison to $610.9 million as at December 31, 2025 (in each case, gross impairment allowance, fair value adjustment, and unamortized fees). For the three months ended June 30, 2026, new investment funding was $106.2 million (2025 – $63.3 million), and repayments were $69.7 million (2025 – $70.6 million). On June 30, 2026, the investment portfolio was comprised of 231 investments (December 31, 2025 – 242). The average gross investment size was approximately $2.6 million, with 16 investments individually exceeding $7.5 million.ALLOWANCE FOR EXPECTED CREDIT LOSSES AND FAIR VALUE ADJUSTMENTS The allowance for expected credit losses and fair value adjustment as of June 30, 2026 was $32.8 million (December 31, 2025 – $36.8 million), comprising (i) $28.9 million (December 31, 2025 – $29.1 million) representing the total amount of management’s estimate of the shortfall between the investment balances and the estimated recoverable amount from the security under the specific loans, (ii) $0.7 million (2025 – $4.5 million) representing the total amount of management’s estimate of fair value adjustment on investments stated at fair value through profit or loss; and (iii) a collective allowance balance of $3.2 million (2025 – $3.2 million).INVESTMENT PORTFOLIO DETAILSDetails on the Corporation’s investment portfolio as at June 30, 2026, are as follows:The total gross carrying amount of the investment portfolio was $605,775,051, a decrease of 0.8% from the $610,923,271 reported at December 31, 2025.Conventional first mortgages comprise 96.4% of the total investment portfolio (95.2% as at December 31, 2025).Approximately 56.1% of the total gross carrying amount of the investment portfolio matures by December 31, 2026.The average face interest rate on the total gross carrying amount of the investment portfolio is 9.13% per annum, as compared to 9.50% at December 31, 2025.Regionally, the gross mortgage investment portfolio is diversified as follows: Ontario (83.3%), Quebec (11.4%), Western Canada (2.2%), East Canada (0.1%) and USA (3.0%).Of the 231 investments, 218 were underwritten (as part of a renewal process or for new fundings) between 2025 and 2026, representing 91% of the investment portfolio, while the remaining 9% were underwritten in 2024 or prior.CASH DIVIDEND DISTRIBUTIONThis advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.The Corporation is pleased to announce that its board of directors has declared a monthly cash dividend of $0.078 per common share (subject to adjustment at the discretion of the board of directors) payable on each dividend payment date set out below to holders of common shares of record at the close of business on each record date set out below:Record DateDividend Payment DateOctober 30, 2026November 16, 2026November 30, 2026December 15, 2026 DIVIDEND AND SHARE PURCHASE PLANThe Corporation has in place a Dividend Reinvestment Plan (DRIP) and Share Purchase Plan that is available to its shareholders. The DRIP allows participants to have their monthly cash dividends reinvested in additional shares. The price paid per share is 97% (if the share price is higher than $12.50) of the weighted average trading price calculated five trading days immediately preceding each dividend date with no commission cost. Once registered with the Share Purchase Plan, participants have the right to purchase additional shares, totaling no greater than $12,000 per year and no less than $250 per month. Shareholders participating pay no commission.For the three months ended June 30, 2026, the Corporation declared dividends on its common shares totaling $8,597,044 or $0.234 per share, versus $8,596,366, or $0.234 per share for the three months ended June 30, 2025. The number of common shares outstanding at June 30, 2026, was 36,739,858, as compared to 36,736,796 at June 30, 2025.Where Mortgage Deals Get Done®The Corporation is an investor in mortgages through a mortgage banker, Firm Capital Corporation, a non-bank lender providing residential home and commercial short-term bridge and conventional real estate financing, including construction financing, mezzanine debt, and equity investments. Since October 1999, the Corporation’s investment objective is the preservation of shareholders’ equity, while providing shareholders with a stable stream of monthly dividends from investments. The Corporation achieves its investment objectives in select niche markets that are underserviced by large lending institutions. Lending activities are designed to develop a diversified mortgage portfolio, producing a stable return to shareholders. Full reports of the financial results of the Corporation are outlined in the unaudited interim condensed consolidated financial statements and the related management’s discussion and analysis of the Corporation, available on the SEDAR+ website at www.sedarplus.ca. In addition, supplemental information is available on the Corporation’s website at www.firmcapital.com.FORWARD-LOOKING STATEMENTSThis news release contains forward-looking statements within the meaning of applicable securities laws including, among others, statements concerning our objectives, our strategies to achieve those objectives, our performance, our investment portfolio and our dividends, as well as statements with respect to management’s beliefs, estimates, and intentions, and similar statements concerning anticipated future events, results, circumstances, performance, or expectations that are not historical facts. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “expect”, “intent”, “estimate”, “anticipate”, “believe”, “should”, “plans”, or “continue”, or similar expressions suggesting future outcomes or events. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management.These statements are not guarantees of future performance and are based on our estimates and assumptions that are subject to risks and uncertainties, including those described in our current Annual Information Form under “Risk Factors” (a copy of which can be obtained at www.sedarplus.ca), which could cause our actual results and performance to differ materially from the forward-looking statements contained in this news release.Those risks and uncertainties include, among others, risks associated with mortgage lending, dependence on the Corporation’s manager and mortgage banker, competition for mortgage lending, real estate values, interest rate fluctuations, environmental matters, and shareholder liability. Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking information include, among others, that the Corporation is able to invest in mortgages at rates consistent with rates historically achieved; adequate mortgage investment opportunities are presented to the Corporation; and adequate bank indebtedness and bank loans are available to the Corporation. Although the forward-looking information contained in this news release is based upon what management believes are reasonable assumptions, there can be no assurance that actual results and performance will be consistent with these forward-looking statements.All forward-looking statements in this news release are qualified by these cautionary statements. Except as required by applicable law, the Corporation undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.For further information, please contact:Firm Capital Mortgage Investment CorporationEli DadouchPresident & Chief Executive Officer(416) 635-0221Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.