Skip to content
BALCAO · LESSORS OF REAL PROPERTY, NEC · SMALL CAP

Capital Properties Inc. CPTP

15 fiscal years on record · USD · FY2024 reported · SEC filings only
$2.0M
▼ 13.9% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

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. 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. The Company, through its wholly-owned subsidiary Tri-State Displays, Inc. leases 23 outdoor advertising locations containing 44 billboard faces along interstate and primary highways in Rhode Island and Massachusetts to Lamar Outdoor Advertising, LLC (“Lamar”) under a lease which expires in 2057 (the “Lamar Lease”). The Company competes for tenants with other owners of undeveloped real property in downtown Providence. As of December 31, 2024, the Company has two full-time and one part-time employee.

Written from the business description in CAPITAL PROPERTIES INC /RI/'s annual report to the U.S. Securities and Exchange Commission, filed 7 February 2025. Every sentence was checked against that document before publication.

Growth

·
Revenue, FY2024 · full 15-year series below
Revenue $M Net income $M
FY2021 · Revenue 4.8 · Net income 1.8
3M6M
201020132016201920222024
Compound annual growth
−3.4%
−1.2%
−5.2%
+2.9%
−4.2%
+3.4%
+0.0%
−9.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −1.2% a year over the five years to FY2021.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

·
Operating margin Net margin
FY2021 · Operating 52.9% · Net 38.2%
50%100%
201020172024
ROE
FY2024 · ROE 26.1%
20%40%60%
201020172024
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Each USD of equity produced 26 cents of profit this year.

Cash & shareholders

USD 1.8M
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2017 · FCF -6.5
1.0M2.0M-2.5M-5.0M
201020172024
Net buybacks $M Dividends $M
FY2024 · Dividends 1.8 · Net buybacks ·
3M6M
2010201120122018201920202021202220232024

USD 1.8M in dividends — 92% of the year's profit went back to shareholders.

Total assetsUSD 9.1M
EquityUSD 7.7M
CashUSD 850,000.00

Equity funds 86% of total assets.

The 15-year record

15 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
CPTP, 15-year financial record
Metric 202420232022202120202019201820172016201520142013201220112010
Revenue $B◌◌◌0.00.00.00.00.00.00.00.00.00.00.00.0
Operating income $B0.00.00.00.00.00.00.00.00.00.00.0◌0.00.0◌
EBITDA $B0.00.00.00.00.00.00.00.00.00.00.0◌0.00.0◌
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Free cash flow $B◌◌◌◌◌◌◌−0.00.00.00.00.00.00.0◌
EPS, diluted $0.300.350.270.280.300.380.190.910.280.330.220.110.310.310.23
Dividend / sh $◌◌◌◌◌◌◌0.070.07◌◌◌0.120.120.95
Payout %927910310070120576—————19239417
ROE %26.131.725.025.628.836.312.861.029.651.960.454.826.014.611.3
Shares out B0.010.010.010.010.010.010.010.010.010.010.01◌0.010.010.01

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 45 reconciliationsAUDITED

Reconciled in 15 of the 15 fiscal years we could check. Three checks were skipped: the balance sheet is not tagged before 2010. Three checks were skipped: EPS is not tagged before 2010.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityLessors of Real Property, NEC
Listed onOTC market
Incorporated inRhode Island
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2010

Share this section

Download image