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FSV News
FSV Events
FirstService Residential Selected to Manage Spire Midtown
FirstService Residential has been selected to provide full-service management services for Spire Midtown, a premier high-rise condominium community located in the heart of Midtown Atlanta. Under the new management agreement, FirstService Residential will provide comprehensive management, maintenance and concierge services. The community features an extensive amenity package that includes a clubroom, fitness center, yoga space, theater room, outdoor pool, garden terrace, and business center.
FirstService Q2 Revenue at $1.45B, Below Expectations
Reports Q2 revenue $1.45B, consensus $1.49B. "Our second quarter results delivered profitability in line with our expectations, reflecting disciplined execution by our teams as we navigated continued macroeconomic headwinds that tempered organic growth," said Scott Patterson, Chief Executive Officer of FirstService. "Given the persistence of these market conditions, we expect our top-line growth in the back half of the year to be similar or modestly better than our year-to-date performance," he concluded.
FirstService Residential Promotes Mark Hamiter to Vice President, Western North Carolina
FirstService Residential announces the promotion of Mark Hamiter to Vice President, Western North Carolina. In this expanded leadership role, Hamiter will oversee strategy, operations, and team development across the company's growing portfolio of condominium and homeowners association communities throughout Western North Carolina.
FirstService Approved to Amend Buyback Plan to 4,118,199 Shares
FirstService announced acceptance by the Toronto Stock Exchange of a notice filed by FirstService of its intention to make a normal course issuer bid with respect to its outstanding common shares, it has received approval from the TSX to amend the NCIB, effective on June 4. The Amended NCIB will increase the maximum number of common shares that may be repurchased from 1,600,000, representing 3.9% of the "public float" of common shares as of August 12, 2025, to 4,118,199, representing 10% of the "public float" of common shares as of August 12, 2025, the maximum amount allowable under the rules of the TSX. No other terms of the NCIB have been amended. Under the NCIB, as of May 31, FirstService has repurchased for cancellation an aggregate of 931,182 common shares at an average price of $132.38 per share. The amended NCIB, which began on August 26, 2025, and will end no later than August 25, is being conducted on the open market through the facilities of the TSX, alternative Canadian Trading Systems and/or Nasdaq.
FirstService Reports Q1 Revenue of $1.32B
Reports Q1 revenue $1.32B, consensus $1.3B. "We are pleased with our results to start the year, which were largely in-line with internal expectations across all of our brands," said Scott Patterson, CEO of FirstService. "Our businesses remain focused on driving market share gains and building growth momentum for the balance of 2026," he concluded.
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