FirstService Residential Expands in New Jersey, Welcoming Waterside Condominium Association to Its Premier Portfolio
FirstService Residential (NYSE:FSV) announced on Dec. 10, 2025 that it was selected to provide full-service property management for Waterside Condominium Association, a three-story high-rise on the Hudson River in Edgewater, New Jersey.
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Rhea-AI Summary
FirstService Residential (NYSE:FSV) announced on Dec. 10, 2025 that it was selected to provide full-service property management for Waterside Condominium Association, a three-story high-rise on the Hudson River in Edgewater, New Jersey.
The company said it will deliver comprehensive, hands-on management and resident services for the community, which features a pool, sauna, concierge services, and views of the Manhattan skyline and George Washington Bridge. Company executives noted active engagement with the board and residents to implement a 360-degree support model.
Details
News Market Reaction – FSV
On Dec 10, the day this news came out, FSV closed 0.11% below the previous close.
Data tracked by StockTitan Argus for the Dec 10 session.
Key Figures
- Q3 2025 revenue
- $1.45B
- Q3 2025 consolidated revenue, up 4% year-over-year
- Q3 Adjusted EBITDA
- $164.8M
- Q3 2025 Adjusted EBITDA, up 3% year-over-year
- Q3 Adjusted EPS
- $1.76
- Q3 2025 Adjusted EPS, up 8% year-over-year
- 9M 2025 revenue
- $4.11B
- Nine-month 2025 revenue, up 7% year-over-year
- 9M Adjusted EBITDA
- $425.2M
- Nine-month 2025 Adjusted EBITDA, up 13% year-over-year
- 9M Adjusted EPS
- $4.39
- Nine-month 2025 Adjusted EPS, up 20% year-over-year
- Quarterly dividend
- US$0.275 per share
- Cash dividend payable January 7, 2026
- Annual revenues
- US$5.5B
- Reported company-wide annual revenues mentioned with dividend declaration
Historical Context
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Quarterly cash dividend of US$0.275 per common share announced.
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New CFO with over 20 years finance leadership appointed.
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Director of Residential Hospitality hired to enhance resident experience.
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Selected to manage Quincy Towers high-rise community in Massachusetts.
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Q3 2025 showed growth but lower GAAP earnings and diluted EPS.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
"We are excited to welcome Waterside to the FirstService Residential family," said Michael Mendillo, President of FirstService Residential. "Our commitment is to elevate the resident experience and deliver exceptional service to this impressive community."
Waterside residents enjoy a lifestyle defined by luxury and convenience, with amenities including a sparkling pool, rejuvenating sauna, and attentive concierge services. The property's prime location offers breathtaking views of the
Arthur Bartikofsky, Senior Vice President at FirstService Residential, emphasized the company's hands-on approach: "We've hit the ground running, fully engaging with the board and residents. The board sought a management partner who could provide comprehensive, 360-degree support for their manager—and that's exactly what we deliver."
About FirstService Residential
FirstService Residential is simplifying property management. Its hospitality-minded teams serve residential communities across
Leveraging unique expertise and scale, FirstService serves its clients with proven solutions and a service-first philosophy. Residents can count on 24/7 customer care and tailored lifestyle programming, amenity activation, and technology for their community's specific needs. Market-leading programs with FirstService Financial, FirstService Energy, and special districts teams deliver additional levels of support.
Boards and developers select FirstService Residential to realize their vision and drive positive change for residents in the communities in their trusted care.
FirstService Residential is a subsidiary of FirstService Corporation (NASDAQ and TSX: FSV), a North American leader in providing essential property services to a wide range of residential and commercial clients.
View original content to download multimedia:https://www.prnewswire.com/news-releases/firstservice-residential-expands-in-new-jersey-welcoming-waterside-condominium-association-to-its-premier-portfolio-302635371.html
SOURCE FirstService Residential
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