Firstservice Corp Stock Price, News & Analysis

FirstService Residential (NASDAQ:FSV), North America's leading residential property management company, has released its 2025 BENCHMARK reports focusing on operating costs and budgets for high-rise and master-planned communities.

The master-planned edition analyzes data from over 400 communities across six major U.S. geographic areas, while the high-rise edition examines operating costs from nearly 1,000 residential buildings throughout the U.S. and Canada. The reports provide insights on insurance, maintenance, sustainability, amenities, reserves, and capital planning to help community boards make informed decisions.

FirstService Corporation (TSX/NASDAQ: FSV) has announced that its subsidiary, Roofing Corp of America (RCA), has completed two strategic acquisitions in the U.S. Sun Belt region. The company acquired Springer-Peterson Roofing & Sheet Metal in Lakeland, Florida, and A-1 All American Roofing Co. in San Diego, California.

Springer-Peterson, founded in 1982, is a leading provider of roofing services to commercial customers in Central Florida. A-1 All American, established in 1996, serves various clients including HOAs, hotels, and property managers in California. Both companies' existing management teams will retain minority equity stakes and continue operating their businesses.

These tuck-under acquisitions strengthen RCA's market position in Florida and California, expanding its geographic footprint in key growth markets while adding established commercial customer relationships.

Roofing Corp of America (NYSE:FSV) has announced its 15th acquisition since inception, adding Springer-Peterson Roofing & Sheet Metal (S-P) to its portfolio. Founded in 1981 in Lakeland, Florida, S-P will continue operating as a stand-alone entity within RCA, strengthening the company's leading position in Florida's roofing market.

The acquisition maintains S-P's current leadership, with Rob Springer remaining as Chairman and Daniel Boatwright as President. S-P will collaborate closely with RCA's other Florida operations, including Crowther Roofing and Cooling, Hamilton Roofing, and Dynamic National. This strategic move marks RCA's continued expansion since its establishment in late 2020.

FirstService Corporation (NASDAQ: FSV) has announced a quarterly cash dividend of US$0.275 per Common Share, payable on October 7, 2025, to shareholders of record as of September 30, 2025. The dividend qualifies as an "eligible dividend" for Canadian tax purposes.

FirstService is a North American leader in property services operating through two main platforms: FirstService Residential, North America's largest residential community manager, and FirstService Brands, a major provider of essential property services. The company generates over $5.4 billion in annual revenues and employs approximately 30,000 people across North America.

FirstService Corporation (TSX/NASDAQ: FSV) has announced a new Normal Course Issuer Bid (NCIB) program to repurchase up to 1.6 million common shares, representing 3.9% of its public float, between August 26, 2025, and August 25, 2026.

The company will execute purchases through the TSX, alternative Canadian Trading Systems, and NASDAQ at market prices. Daily purchases will be limited to 23,872 shares, except for block purchases. As of August 12, 2025, FirstService has 45.5 million shares outstanding with a public float of 41.2 million shares.

Under its previous NCIB program ending August 25, 2025, FirstService has not purchased any shares for cancellation.

FirstService Residential (NASDAQ:FSV), North America's leading residential property management company, has achieved WELL Certified™ Gold for its South Region headquarters in Florida. The certification recognizes spaces that prioritize health, safety, and well-being through measurable performance criteria including air and water quality, natural light, ergonomic workspace design, mental health support, and nutrition-focused amenities.

The company celebrated this milestone with a wellness event featuring activities such as chair yoga, sound bath sessions, and nutrition education. This achievement adds to FirstService's recent workplace recognitions, including being named to Newsweek's 2025 list of America's Greatest Workplaces for Mental Well-Being and receiving repeated recognition from Great Place to Work® in the United States and Canada.

FirstService Residential (NYSE:FSV) has been selected to manage Selene Oceanfront Residences, a new luxury development in Fort Lauderdale. The property features 194 luxury residences across two towers, designed by architect Kobi Karp.

The company will provide comprehensive property management and lifestyle services, including concierge services, dedicated lobby staff, and curated experiences. The development boasts premium amenities including two elevated pool terraces, "The Wave" social lounge, and a private theater.

This partnership represents a continued collaboration with Kolter Urban, with FirstService Residential having been involved in the project's planning from inception. The property is now welcoming its first residents.

FirstService Residential (NASDAQ:FSV) has been selected as the property management partner for Society Hill at Piscataway Condominium Association in New Jersey. The community features garden-style and townhouse units with amenities including two tennis courts, play areas, a swimming pool, and a clubhouse.

The property's strategic location offers convenient access to Rutgers University, major roadways, and NJ Transit stations. The board selected FirstService Residential for its comprehensive resources, technological capabilities, and proven financial management expertise.

FirstService Corporation (NASDAQ: FSV) reported strong Q2 2025 financial results with consolidated revenues reaching $1.42 billion, a 9% increase year-over-year. The company achieved significant profitability improvements with Adjusted EBITDA rising 19% to $157.1 million and Adjusted EPS growing 26% to $1.71.

Performance was driven by both divisions: FirstService Residential revenues grew 6% to $593.0 million with 3% organic growth, while FirstService Brands revenues increased 11% to $822.7 million. Notable margin improvements came from operational efficiencies in property management and process improvements in restoration and home services.

For the first half of 2025, consolidated revenues were $2.67 billion, up 9%, with Adjusted EBITDA increasing 21% to $260.4 million and Adjusted EPS growing 30% to $2.63, positioning the company well to achieve its 2025 goals despite macroeconomic uncertainty.