FCR-

First Capital Real Estate Investment Trust

FCR-UN.TO fcr.ca + Basket
ISIN CA31890B1031
CUSIP 31890B103
Employees 358
Phone 416 504 4114
Fiscal year end December
Address King Liberty Village, Toronto, ON, Canada, M6K 3S3
22.96
+0.02 (+0.07%)
CAD · TO
52-week range
17.51
23.30
Trading at 94% of the 52-week range
Market Cap
4.88B
P/E Ratio
4.80
Forward P/E
17.06
Book Value
22.78
Div. Yield
3.93%
% Institutions
41.55%
% Insiders
0.583%

1 Year

+29.4%

3 Year

+103.9%

10 Year

+68.1%
Description

First Capital Real Estate Investment Trust is an unincorporated, open-ended mutual fund trust. First Capital owns and operates, acquires, and develops open-air grocery-anchored shopping centres in neighborhoods with the strongest demographics in Canada. The Trust is listed on the Toronto Stock Exchange. On November 24, 2025, the Trust's unitholders approved an internal tax reorganization that was completed by way of a plan of arrangement (the Arrangement). The Arrangement simplified First Capital's organizational structure by eliminating First Capital Realty Inc. as the Trust's wholly owned corporate subsidiary that owned, directly and indirectly, all of First Capital's real property portfolio. The Arrangement was completed and became effective on November 30, 2025. Following the Arrangement, First Capital now holds substantially all its real property portfolio through flow-through entities, namely subsidiary partnerships and trusts. First Capital Real Estate Investment Trust is incorporated in Ontario, Canada and its head office is located at 85 Hanna Avenue, Suite 400, Toronto, Ontario, M6K 3S3. First Capital Real Estate Investment Trust was established on November 10, 1993 and incorporated in Ontario, Canada.

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People

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Directors & Officers

Name Title Year Born
Mr. Adam E. Paul C.A., CPA President, CEO & Trustee 1975
Mr. Neil William Edward Downey C.A., C.F.A., CPA Executive VP of Enterprise Strategies & CFO 1970
Mr. Jordan Robins Executive VP & COO 1970
Ms. Alison Harnick Senior VP, General Counsel & Corporate Secretary 1980
Mr. Carmine Francella Senior Vice President of Real Estate Services, Operations & Leasing 1966
Jeff Farbman Vice President of Investments NA
Mr. Matt Silcoff Vice President of Investments NA
Ms. Elle Agourias Chief Accounting Officer NA
Mr. Simon Streeter Chief Information Officer NA
Mr. Ryan Ng Head of Finance & Treasury NA

Financial Highlights

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Market Cap: $4.88B
EBITDA: $271.91M
P/E Ratio: $4.80
PEG Ratio: $1.78
Book Value: $22.78
Dividend/Share: $0.90
Dividend Yield: 3.93%
Earnings/Share: $4.78
Profit Margin: 139.53%
Operating Margin: -6.56%
ROA (TTM): 1.79%
ROE (TTM): 22.95%
Revenue (TTM): $740.02M
Revenue/Share (TTM): $3.48
Earnings Growth (YOY): -63.30%
Revenue Growth (YOY): 9.50%

Valuation Metrics

Enterprise Value: $8.95B
Trailing P/E: 4.80
Forward P/E: 17.06

Shares Statistics

Shares Outstanding: 212.55M
Shares Float: 211.36M
% Insiders: 0.583%
% Institutions: 41.55%
Shares Short: 3.52M
Shares Short (Prior Month): 3.80M
Short Ratio: 9.30
Short % Float: 0.43%

Stock Price History

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1 Year Price History

3 Years Price History

10 Years Price History

Max Price History

Financial Charts

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Open balance sheet Open capital intensity Download Financials (Excel)

Revenue, Net Income & Operating Cash Flow (Yearly)

Change % vs Prior Year

Revenue, Net Income & Operating Cash Flow (Quarterly)

Change % vs Prior Quarter

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Income Statement Waterfall

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Open full waterfall Open balance sheet
Line Item
Step Type
Value
Revenue
adjust
$731.24M
Cost of Goods Sold
adjust
$-271.30M
Gross Profit
subtotal
$459.94M
SG&A
adjust
$-52.16M
Other Operating Expense
adjust
$-9.58M
Operating Income
subtotal
$398.20M
Other / Non-Operating Items
adjust
$665.83M
Net Income
subtotal
$1.06B

Earnings Per Share (EPS) History

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Financial Ratios

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📦 Raw API Data (JSON Explorer)

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