05:31 PM EST, 11/19/2025 (MT Newswires) -- Firm Capital Apartment Real Estate Investment Trust (FCA-UN.V) said Wednesday its third-quarter net loss widened to $5.5 million from $51,665 a year earlier.

Excluding non-cash fair value adjustments, net income was $0.13 million compared with $0.14 million in the third quarter of 2024.

AFFO for the three months ended Sept. 30 rose to $0.26 million from $0.16 million in the prior-year period.

The REIT said its ongoing strategic review has led to a decision to halt further U.S. expansion under its current platform. The board said it will instead pursue a plan to sell and exit all existing investments, with the potential to return cash to unitholders or explore a sale or repurposing of the trust.

As part of the review process, the REIT has sold four of its six wholly owned assets for gross proceeds of about $71.6 million, using roughly $28 million in net proceeds to repay debt. It also sold its only Florida property on May 20, 2024, and provided $4 million in seller financing that generates a minimum 9% return, which has since increased to 15%.

The REIT's units last traded Tuesday, closing at $3.55 on the TSX Venture Exchange.