13.30
-9.40%
Close of 9 Nov 2026, in USD
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About Capital Properties
From its filings with the US Securities and Exchange Commission
Capital Properties is based in Providence, Rhode Island and is incorporated in Rhode Island. Its shares trade on OTC under the ticker CPTP. The SEC classifies its business as lessors of real property, nec. In the fiscal year to 31 December 2021, it reported revenue of $4.8m.
The Company was organized as a business corporation under the laws of Rhode Island in 1983 as Providence and Worcester Company and is the successor by merger in 1983 to a corporation also named Providence and Worcester Company which was organized under the laws of Delaware in 1979. In 1984, the Company’s name was changed to Capital Properties, Inc.
The Company operates in one segment that consists principally of the leasing of Company-owned land in Capital Center (“Capital Center”) and property adjacent to Capital Center (Parcel 20) in downtown Providence, Rhode Island under long-term ground leases with terms of 99 years or more.* (Hereinafter, the land in Capital Center and Parcel 20 are referred to as parcels within the “Capital Center Area”). The Company owns approximately 18 acres in Capital Center consisting of 13 individual parcels. Capital Center (approximately 77 acres of land) is the result of a development project undertaken by the State of Rhode Island, the City of Providence, the National Railroad Passenger Corporation (“Amtrak”) and the Company during the 1980’s in which two rivers, the Moshassuck and the Woonasquatucket, were moved, Amtrak’s Northeast Corridor rail line was relocated, a new Amtrak/commuter railroad station was constructed and significant public improvements were made to improve pedestrian and vehicular traffic in the area. The Company has not acted, and does not intend to act, as a developer with respect to any Company-owned parcels.
Quoted from its 10-K, filed 7 Feb 2025. Read the filing on SEC.gov ↗
Company facts
- Sector
- Real Estate
- Industry
- Real Estate Management & Development
- Listed since
- 24 Jun 1994
- Employees
- 3
- Website
- capitalpropertiesinc.com ↗
- Head office
- 5 STEEPLE STREET, PROVIDENCE, RI, 02903
- Incorporated in
- RI
- Classification
- Lessors of Real Property, NEC
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Robert EderChairman of the Board, President, Chief Executive Officer, since 1995$475,926
- Ms. Susan JohnsonTreasurer$185,707
- Mr. Stephen CarlottiSecretary
- Mr. Daniel NoreckIndependent Director$26,000
- Mr. Steven TriedmanIndependent Director$26,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Capital Properties Inc has a strong portfolio of diverse real estate assets, including commercial, residential, and industrial properties. This allows the company to generate stable and consistent revenue streams from multiple sources.
- The company has a solid reputation in the market, with a proven track record of successfully managing and developing real estate projects. This not only attracts potential investors but also helps in building strong relationships with tenants and other stakeholders.
Weaknesses
- Capital Properties Inc heavily relies on external financing for its real estate projects, which exposes the company to potential risks associated with interest rate fluctuations and the availability of credit. Any adverse changes in financing conditions can significantly impact the company's profitability and ability to execute its growth plans.
- The company's geographic concentration of properties in a few specific regions may pose a vulnerability to local economic conditions and regulatory changes. This concentration exposes Capital Properties Inc to potential risks such as regional economic downturns or changes in zoning regulations.
Opportunities
- Capital Properties Inc can explore opportunities to expand its real estate portfolio through strategic acquisitions or joint ventures. This can help the company diversify its assets further, increase market share, and capitalize on emerging real estate markets.
- The growing demand for sustainable and environmentally friendly buildings presents an opportunity for Capital Properties Inc to develop and manage green projects. By incorporating sustainable practices and technologies, the company can attract environmentally conscious tenants and investors.
Threats
- The real estate market is subject to cyclical fluctuations, which can impact property values and rental rates. Economic downturns or changes in market conditions can lead to decreased demand for real estate and affect Capital Properties Inc's financial performance.
- Increased competition from other real estate firms and alternative investment options poses a threat to Capital Properties Inc's market position. The company needs to continually innovate and differentiate itself to stay ahead of the competition.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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