Firm Capital Property Trust Correction to News Release Dated April 6, 2026

• On April 8 2026 the Trust issued a correction to its April 6 acquisition announcement, providing clarified material terms for the purchase of eleven manufactured home communities (1,752 sites) in Alberta and Saskatchewan.
• Purchase price remains $226.5 million; equity contribution is ~$38 million and first‑mortgage debt is $150.5 million at an all‑in rate of ~4.5%.
• Pro‑forma metrics: NOI up ≈15%, AFFO up ≈4% ($0.02 per unit), leverage rising to ~58% of gross book value.
• No new assets, financing structures or timelines are introduced – the correction merely confirms previously disclosed figures and removes minor inconsistencies.

• Expectation vs. reality: The acquisition was announced on April 6 with the same financial parameters. The April 8 release does not add substantive information beyond correcting typographical/formatting errors.
• Market reaction potential: Because investors already priced in the deal’s economics, the correction is unlikely to move the share price materially.
• Strategic significance: The acquisition itself remains a key growth driver (≈15% NOI uplift), but that impact was already reflected on April 6. The correction therefore has neutral materiality.

Firm Capital Property Trust is a Canadian REIT focused on diversified income‑generating real estate, primarily:
- Manufactured home communities (MHCs) – currently 4 sites (537 units) with an additional 11‑site portfolio under acquisition, expanding its footprint in Western Canada.
- Commercial properties (≈62 assets, ~2.43 million sf GLA).
- Multi‑residential complexes (5 buildings, 599 units).

The flagship growth initiative is the acquisition of a 1,752‑site MHC portfolio for $226.5 M, expected to lift NOI by ~15% and increase AFFO per unit by $0.02 annually.