Firm Capital Property Trust (TSX:FCD.UN) Long-Term Capital Lease Obligation : C$0.16 Mil (As of Mar. 2024)

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What is Firm Capital Property Trust Long-Term Capital Lease Obligation?

Firm Capital Property Trust's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.16 Mil.

Firm Capital Property Trust's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$0.14 Mil) to Dec. 2023 (C$0.16 Mil) and increased from Dec. 2023 (C$0.16 Mil) to Mar. 2024 (C$0.16 Mil).

Firm Capital Property Trust's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$0.22 Mil) to Dec. 2022 (C$0.18 Mil) and declined from Dec. 2022 (C$0.18 Mil) to Dec. 2023 (C$0.16 Mil).

Firm Capital Property Trust Long-Term Capital Lease Obligation Historical Data

The historical data trend for Firm Capital Property Trust's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Firm Capital Property Trust Long-Term Capital Lease Obligation Chart

Firm Capital Property Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.29

0.26

0.22

0.18

0.16

Firm Capital Property Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															0.18	0.14	0.14	0.16	0.16

Firm Capital Property Trust (TSX:FCD.UN) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Firm Capital Property Trust Long-Term Capital Lease Obligation Related Terms

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Firm Capital Property Trust (TSX:FCD.UN) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Firm Capital Property Trust (TSX:FCD.UN) » Definitions » Long-Term Capital Lease Obligation

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FRMUF:USA

Address

163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5

Website

https://www.firmcapital.com

Firm Capital Property Trust is a Canada-based open-ended real estate investment trust. It is focused on creating long-term value for unitholders through capital preservation and disciplined investing to achieve stable distributable income. The company operates in five reportable segments: Grocery Anchored Retail, Non-Grocery Anchored Retail, Industrial, Multi-Residential, and Core Service Office Provider. A vast majority of its revenues are derived from the Grocery anchored retail segment.

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