FirstService Residential Selected to Manage New Luxury High-Rise in St. Petersburg
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
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Should l Buy FSV?
Source: Newsfilter
- Luxury Management Partnership: FirstService Residential has been selected as the management partner for Art House St. Petersburg, further expanding its portfolio of luxury communities in Florida, showcasing its leadership in high-end property management.
- Building Features and Location: Rising 42 stories, Art House offers 244 residences with panoramic views of the city skyline and Tampa Bay, setting a new standard for urban luxury living in downtown St. Petersburg.
- Comprehensive Amenities: Residents will enjoy a full suite of amenities including a co-working lounge, elevated outdoor pool, spa center, and private theater, with FirstService Residential activating these facilities through its customer-centric service approach to enhance resident quality of life.
- Ongoing Collaborative Relationship: The partnership between FirstService Residential and Kolter Urban continues to deepen, having previously collaborated on several high-rise projects, demonstrating their extensive experience and expertise in managing luxury high-rise communities.
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Analyst Views on FSV
Wall Street analysts forecast FSV stock price to rise
7 Analyst Rating
7 Buy
0 Hold
0 Sell
Strong Buy
Current: 129.910
Low
205.00
Averages
211.83
High
216.00
Current: 129.910
Low
205.00
Averages
211.83
High
216.00
About FSV
FirstService Corporation is a provider of residential property management and other essential property services to residential and commercial customers. Its segments include FirstService Residential and FirstService Brands. FirstService Residential is a full-service property manager and, in many markets, provides a full range of ancillary services primarily in the areas: on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel; proprietary banking and insurance products, and energy conservation and management solutions. FirstService Brands provides a range of essential property services to residential and commercial customers in North America through its own locations and franchise networks. Its principal brands include First Onsite Property Restoration, Paul Davis Restoration, Roofing Corp of America, Century Fire Protection, California Closets, CertaPro Painters, and Pillar to Post Home Inspectors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
FirstService Residential Selected to Manage New Luxury High-Rise in St. Petersburg
- Luxury Management Partnership: FirstService Residential has been selected as the management partner for Art House St. Petersburg, further expanding its portfolio of luxury communities in Florida, showcasing its leadership in high-end property management.
- Building Features and Location: Rising 42 stories, Art House offers 244 residences with panoramic views of the city skyline and Tampa Bay, setting a new standard for urban luxury living in downtown St. Petersburg.
- Comprehensive Amenities: Residents will enjoy a full suite of amenities including a co-working lounge, elevated outdoor pool, spa center, and private theater, with FirstService Residential activating these facilities through its customer-centric service approach to enhance resident quality of life.
- Ongoing Collaborative Relationship: The partnership between FirstService Residential and Kolter Urban continues to deepen, having previously collaborated on several high-rise projects, demonstrating their extensive experience and expertise in managing luxury high-rise communities.
See More
FirstService Residential Elevates Maria Hurst to Senior Vice President
- Leadership Promotion: Maria Hurst has been elevated to Senior Vice President of the Condo/Coop Werny Division at FirstService Residential, overseeing a diverse portfolio of condominium and cooperative properties, reflecting the company's recognition of her leadership and commitment to service excellence.
- Extensive Management Experience: With over 20 years at FirstService Residential, Hurst has held multiple management roles and successfully led numerous large-scale capital improvement projects, showcasing her deep operational expertise and dedication to client service.
- Strategic Guidance Role: In her new position, Hurst will provide strategic guidance to property management teams, ensuring the continued delivery of high-level results in service and operational excellence, further advancing the division's growth.
- Commitment to Client Service: Hurst expressed her dedication to supporting clients and teams, aiming to build on the existing foundation to enhance service capabilities and ensure high-quality property management for residents.
See More
Jeffrey Poirot Promoted to Senior Vice President at FirstService Residential
- Leadership Promotion: Jeffrey Poirot has been appointed as Senior Vice President of the New Development Group at FirstService Residential, where he will guide the company's luxury residential and mixed-use projects in New York City, expected to drive further expansion in the high-end real estate market.
- Extensive Experience: With over 20 years in luxury hospitality, property management, and sales, Poirot's leadership has been instrumental in enhancing property performance and asset value, significantly improving the resident experience across various high-end buildings.
- Project Management Achievements: During his tenure as Vice President, Poirot oversaw management operations at prestigious properties such as The Plaza Residences and 432 Park Avenue, showcasing his deep knowledge of complex mixed-use operations.
- Pre-Development Consulting: Poirot has played a key role in FirstService Residential's pre-development consulting efforts, contributing to the planning and launch of significant projects like One Wall Street, thereby enhancing the company's competitive edge in the market.
See More
FirstService Residential Takes Over Management of The Code Hotel Community
- Management Transition: FirstService Residential has assumed management of The Code, a hotel residence community in Austin's Zilker neighborhood, featuring 178 fully furnished units that blend hospitality services, enhancing living options for both short-term and extended stays in the area.
- Partnership Rationale: Bill Knauss, President of Pearlstone Partners, emphasized the choice of FirstService Residential due to their expertise in managing high-rise and mixed-use communities, ensuring effective day-to-day and long-term support for The Code, reflecting a successful partnership history.
- Amenities and Services: The Code offers shared amenities such as concierge services, a resort-style pool, rooftop terrace, and wellness spaces, aimed at creating a high-quality living environment that reflects Austin's creative character and lifestyle.
- Operational Commitment: FirstService Residential is committed to delivering operational excellence, protecting the long-term value of the property, and ensuring a high-quality experience for residents and owners through its dedicated team and systems, further solidifying its leadership in property management.
See More
FirstService Corporation Declares Quarterly Dividend
- Quarterly Dividend Announcement: FirstService Corporation has declared a quarterly dividend of $0.305 per share, consistent with previous distributions, indicating stable cash flow and profitability, which enhances investor confidence.
- Dividend Yield: The forward yield of 0.69% reflects the company's attractiveness in the current market environment, potentially drawing in income-seeking investors looking for reliable returns.
- Shareholder Record Date: The dividend will be payable on July 7, with a record date of June 30 and an ex-dividend date also on June 30, ensuring shareholders receive their payouts promptly, thereby increasing their willingness to hold shares.
- Financial Health: The dividend announcement aligns with FirstService's historical earnings data, demonstrating the company's ability to maintain stable dividend payments while continuing to grow, further solidifying its competitive position in the market.
See More
FirstService Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: FirstService's Board of Directors has declared a cash dividend of $0.305 per Common Share, payable on July 7, 2026, reflecting the company's stable cash flow and commitment to shareholder returns.
- Shareholder Record Date: The dividend will be paid to holders of Common Shares of record at the close of business on June 30, 2026, ensuring that shareholders hold their shares before this key date, thereby enhancing investor confidence.
- Company Background: FirstService is a leader in the North American property services sector, generating over $5.5 billion in annual revenues and employing approximately 30,000 people, showcasing its strong market position and growth potential.
- Compliance and Risk Factors: The company highlighted potential future risks, including changes in economic conditions and compliance with government regulations, emphasizing the importance of transparency for investors.
See More
FirstService Residential Selected to Manage New Luxury High-Rise in St. Petersburg
- Luxury Management Partnership: FirstService Residential has been selected as the management partner for Art House St. Petersburg, further expanding its portfolio of luxury communities in Florida, showcasing its leadership in high-end property management.
- Building Features and Location: Rising 42 stories, Art House offers 244 residences with panoramic views of the city skyline and Tampa Bay, setting a new standard for urban luxury living in downtown St. Petersburg.
- Comprehensive Amenities: Residents will enjoy a full suite of amenities including a co-working lounge, elevated outdoor pool, spa center, and private theater, with FirstService Residential activating these facilities through its customer-centric service approach to enhance resident quality of life.
- Ongoing Collaborative Relationship: The partnership between FirstService Residential and Kolter Urban continues to deepen, having previously collaborated on several high-rise projects, demonstrating their extensive experience and expertise in managing luxury high-rise communities.
See More
FirstService Residential Elevates Maria Hurst to Senior Vice President
- Leadership Promotion: Maria Hurst has been elevated to Senior Vice President of the Condo/Coop Werny Division at FirstService Residential, overseeing a diverse portfolio of condominium and cooperative properties, reflecting the company's recognition of her leadership and commitment to service excellence.
- Extensive Management Experience: With over 20 years at FirstService Residential, Hurst has held multiple management roles and successfully led numerous large-scale capital improvement projects, showcasing her deep operational expertise and dedication to client service.
- Strategic Guidance Role: In her new position, Hurst will provide strategic guidance to property management teams, ensuring the continued delivery of high-level results in service and operational excellence, further advancing the division's growth.
- Commitment to Client Service: Hurst expressed her dedication to supporting clients and teams, aiming to build on the existing foundation to enhance service capabilities and ensure high-quality property management for residents.
See More
Jeffrey Poirot Promoted to Senior Vice President at FirstService Residential
- Leadership Promotion: Jeffrey Poirot has been appointed as Senior Vice President of the New Development Group at FirstService Residential, where he will guide the company's luxury residential and mixed-use projects in New York City, expected to drive further expansion in the high-end real estate market.
- Extensive Experience: With over 20 years in luxury hospitality, property management, and sales, Poirot's leadership has been instrumental in enhancing property performance and asset value, significantly improving the resident experience across various high-end buildings.
- Project Management Achievements: During his tenure as Vice President, Poirot oversaw management operations at prestigious properties such as The Plaza Residences and 432 Park Avenue, showcasing his deep knowledge of complex mixed-use operations.
- Pre-Development Consulting: Poirot has played a key role in FirstService Residential's pre-development consulting efforts, contributing to the planning and launch of significant projects like One Wall Street, thereby enhancing the company's competitive edge in the market.
See More
FirstService Residential Takes Over Management of The Code Hotel Community
- Management Transition: FirstService Residential has assumed management of The Code, a hotel residence community in Austin's Zilker neighborhood, featuring 178 fully furnished units that blend hospitality services, enhancing living options for both short-term and extended stays in the area.
- Partnership Rationale: Bill Knauss, President of Pearlstone Partners, emphasized the choice of FirstService Residential due to their expertise in managing high-rise and mixed-use communities, ensuring effective day-to-day and long-term support for The Code, reflecting a successful partnership history.
- Amenities and Services: The Code offers shared amenities such as concierge services, a resort-style pool, rooftop terrace, and wellness spaces, aimed at creating a high-quality living environment that reflects Austin's creative character and lifestyle.
- Operational Commitment: FirstService Residential is committed to delivering operational excellence, protecting the long-term value of the property, and ensuring a high-quality experience for residents and owners through its dedicated team and systems, further solidifying its leadership in property management.
See More
FirstService Corporation Declares Quarterly Dividend
- Quarterly Dividend Announcement: FirstService Corporation has declared a quarterly dividend of $0.305 per share, consistent with previous distributions, indicating stable cash flow and profitability, which enhances investor confidence.
- Dividend Yield: The forward yield of 0.69% reflects the company's attractiveness in the current market environment, potentially drawing in income-seeking investors looking for reliable returns.
- Shareholder Record Date: The dividend will be payable on July 7, with a record date of June 30 and an ex-dividend date also on June 30, ensuring shareholders receive their payouts promptly, thereby increasing their willingness to hold shares.
- Financial Health: The dividend announcement aligns with FirstService's historical earnings data, demonstrating the company's ability to maintain stable dividend payments while continuing to grow, further solidifying its competitive position in the market.
See More
FirstService Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: FirstService's Board of Directors has declared a cash dividend of $0.305 per Common Share, payable on July 7, 2026, reflecting the company's stable cash flow and commitment to shareholder returns.
- Shareholder Record Date: The dividend will be paid to holders of Common Shares of record at the close of business on June 30, 2026, ensuring that shareholders hold their shares before this key date, thereby enhancing investor confidence.
- Company Background: FirstService is a leader in the North American property services sector, generating over $5.5 billion in annual revenues and employing approximately 30,000 people, showcasing its strong market position and growth potential.
- Compliance and Risk Factors: The company highlighted potential future risks, including changes in economic conditions and compliance with government regulations, emphasizing the importance of transparency for investors.
See More
