Summary：$218 Million Deal Clears Canada Competition Bureau Review, Securing Major Investment MilestoneTORONT

$218 Million Deal Clears Canada Competition Bureau Review, Securing Major Investment Milestone

TORONTO, June 22, 2026 (GLOBE NEWSWIRE) — Firm Capital Property Trust (“FCPT” or the “Trust“) (TSX: FCD.UN) has successfully navigated the Competition Bureau of Canada's review of its $218 million deal, marking a significant milestone in the Trust's strategic growth plans. With the review now complete, the transaction is poised to move forward, with an expected closing date set for the third quarter of 2026.

Key Developments surrounding the deal highlight the Trust's commitment to expanding its portfolio and reinforcing its position within the Canadian real estate market. The acquisition, which was initially announced earlier this year, has undergone rigorous scrutiny by the Competition Bureau to ensure compliance with Canadian competition laws. The clearance received from the Bureau is a testament to the Trust's diligence and the strategic rationale behind the transaction. Firm Capital Property Trust's management has expressed confidence in the deal's potential to drive long-term value for unitholders, citing the acquired assets' strong growth prospects and the Trust's proven track record of effective asset management.

Industry Analysis suggests that this deal is a significant indicator of the ongoing consolidation within the Canadian real estate sector. As market conditions continue to evolve, entities like Firm Capital Property Trust are capitalizing on opportunities to expand their portfolios and enhance their market presence. The successful clearance of the Competition Bureau review underscores the Trust's ability to navigate complex regulatory landscapes, positioning it favorably among its peers.

Looking to the Future Outlook, Firm Capital Property Trust is well-positioned to capitalize on emerging trends in the Canadian real estate market. With the $218 million deal on track to close in Q3 2026, the Trust is set to further diversify its holdings and strengthen its financial performance. The successful execution of this transaction is expected to contribute positively to the Trust's growth trajectory, reinforcing its appeal to investors seeking stable, long-term returns.

In Conclusion, the clearance of the Competition Bureau review represents a critical step forward for Firm Capital Property Trust's $218 million deal. As the Trust moves closer to closing the transaction, its strategic growth plans are gaining momentum. With a clear path forward and a demonstrated ability to navigate regulatory challenges, Firm Capital Property Trust is poised to achieve significant milestones in the Canadian real estate sector.