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What smart money is saying about FirstService CorporationCanada flag

FSV · Real Estate · Real Estate - Services · Market cap $7.51B

2 funds in our archive have pitched FirstService Corporation — most recently Third Avenue Management Real Estate Value Fund in December 2025.

Company profile

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. The company operates in two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment offers property management services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments. This segment also provides a range of ancillary services, including on-site staffing for building engineering and maintenance, full-service swimming pool and amenity management, and security and concierge/front desk; and financial services comprising cash management, other banking transaction-related, and specialized property insurance brokerage. In addition, this segment offers energy management solutions and advisory services, and resale processing services. The FirstService Brands segment operates and provides essential property services to residential and commercial customers, through five franchise networks; and company-owned locations, including 20 California Closets, 12 Paul Davis Restoration, and 1 CertaPro Painters locations. It provides residential and commercial restoration, painting, and floor coverings design and installation services; custom-designed and installed closet, and home storage solutions; home inspection services; and fire protection and related services. This segment offers its services primarily under the Paul Davis Restoration, First Onsite Restoration, Century Fire Protection, CertaPro Painters, California Closets, Pillar to Post Home Inspectors, and Floor Coverings International brand names. FirstService Corporation was founded in 1989 and is headquartered in Toronto, Canada.

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Summarize with Warren AI
2
Reported positions
2
Bought
0
Sold
4
Letters

Position history

Between Q4 2024 and Q2 2026, 2 fund letters reported a position in FirstService Corporation2 opened or added to the position.

Fund letters reporting a position in FirstService Corporation, by quarter
QuarterLettersBoughtSoldTheses
Q2 20261100
Q1 20261100
Q4 20250001
Q4 20240001

Fund activity · 2 positions · 2 moves

  • The Fund also added to other holdings where the price-to-value gap broadened during the period (FirstService Corp. and Hang Lung Group).
    FirstService Corporation
  • Of note, the Fund added to several holdings where the price- to-value gap broadened to historically wide levels amid recent volatility, including certain commercial-centric issuers (U-Haul Holdings and FirstService Corp.) and select international companies (Accor SA and Ingenia Communities).
    FirstService Corporation

Fund coverage · 2 theses

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