Capital Properties Inc. (CPTP)
OTCQX OTCQX Primary Summary
Capital Properties Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| NSS Neil S. Shapiro Towerview LLC | 275,600 | $6.12M | $3.92M | -$2.2M | -35.9% |
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Capital Properties Inc. Profile
| Financial Services Industry | Financials Sector | Robert H. Eder CEO | OTCQX Exchange | 140430109 CUSIP |
| US Country | 3 Employees | 15 May 2026 Last Dividend | 11 Dec 2008 Last Split | - IPO Date |
Overview
Capital Properties, Inc., operating through its subsidiaries, focuses on the real estate sector, specifically in leasing land in the prime location of downtown Providence, Rhode Island. The company's business activities encompass holding long-term ground leases for about 18 acres of land in the strategic area known as the Capital Center, which includes 13 individual parcels. Formerly known as Providence and Worcester Company, it rebranded to Capital Properties, Inc. in July 1984. The inception of Capital Properties, Inc. dates back to 1983, positioning its headquarters in Providence, Rhode Island. This shift underscores the company's dedication to leveraging its geographic and strategic assets in Rhode Island while expanding its market presence in adjacent regions.
Products and Services
The diverse portfolio of products and services offered by Capital Properties, Inc. includes:
- Long-term Ground Leases: The core business operation involves leasing 18 acres of prime land located in downtown Providence's Capital Center under long-term agreements. This strategy ensures steady income streams for the company and contributes significantly to its financial stability.
- Public Parking Leases: Aside from its primary leasing operations, Capital Properties, Inc. employs its undeveloped parcels adjacent to the Capital Center for public parking purposes. This initiative not only maximizes the utilization of its real estate assets but also addresses the parking needs in the bustling downtown area, providing convenience to the public and additional revenue streams.
- Outdoor Advertising Locations: Capitalizing on its strategic assets, the company leases 23 outdoor advertising locations featuring 44 billboard faces positioned along interstate and primary highways in Rhode Island and Massachusetts. This segment of its business leverages high-traffic locations to offer valuable advertising spaces to clients, thereby generating additional income and enhancing its diversified portfolio.
