TSE:FCR.UN

First Capital Realty (FCR.UN.TO)

23.01
+0.07 (0.31%)
as of Jul 21, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJul 21, 2026, 12:00 am

This summary was created by AI, based on 3 opinions in the last 12 months.

First Capital Realty (FCR.UN-T) has garnered positive attention among experts, with its recent announcements of a takeover and strong performance reflecting its potential for growth. The stock is highlighted for its high-quality urban portfolio across Canada, anchored by shopping centres and boasting impressive occupancy rates of 97%. This strong foundation allows for internal growth of approximately 5% and the potential for rent doubling. Moreover, it has been recognized for its resilience in challenging economic environments, showing the ability to renew leases well above historical averages, and providing a reliable 4.6% dividend to investors. Given these factors, many believe the stock presents a favorable investment opportunity, especially considering expectations for further mergers and acquisitions in the sector.

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Consensus
Positive
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Valuation
Undervalued
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BUY
Has come off in the last 6 months because the interest rates have hurt the overall REIT market. Their properties are anchored by Shoppers Drug Mart, smaller supermarkets, etc. Have done a great job of growing.
TOP PICK
First Capital Bond. (5.08% June 21/12.) Deal mainly in the communities of large cities. Anchored by supermarkets. From that capital structure, it is still pretty conservative. You can pick up 130 basis points above the Government of Canada and still have investment-grade bonds. Have the ability to earn around 5.5%.
PAST TOP PICK
(A Top Pick Dec 8/06. Up 2.9%.) Excellent management. Diversified. Well-managed and well located.
PAST TOP PICK
Fundamentals are fantastic. One of the few companies that issue unsecured bonds.
TOP PICK
Shopping center based real estate outdoor malls. Focused on the bottom line. Debt to asset is 60%.
BUY
Dividend of 4.5%. Good locations consisting of a grocery store, drugstore, bank, etc. Performance has been slow, but long-term they look good. Reducing their debt.
PAST TOP PICK
(A Top Pick Dec 8/06. No change.) Very good and very steady. Good defensive play.
BUY
Builder, developer and owner of community strip malls, usually anchored by super markets. Good management. Probably has more value.
TOP PICK
Good yield at about 4.5%.
TOP PICK
Neighbourhood, grocery anchored mall focused. Substantial dividend. Their specialty is the acquisition and development of grocery anchored malls. Principles own about 50% of the outstanding shares.
BUY
Portfolio of retail assets, shopping malls, etc. There are 2 large controlling shareholders will own about 65%. Should continue to perform well as long as pension funds and private equities continue to put hard money into real estate.
BUY ON WEAKNESS
Real estate operating company. Retail oriented. Probably the best management team in the business.
TRADE
Formation Capital is one of his clients. It is the only pure cobalt mining company around. They are waiting for one last permit. The company has been around for a while and has a well managed team.
BUY
Has a strong buy rating on this. A premier owner of grocery anchored retail centres. Good management team. Payout ratio is below that of the REIT sector. A great name to own.
HOLD
He likes First Capital Realty a lot. This was a previous pick. They have brought their debt down. They are great managers. Problems trading- more expensive. Yield is 5%. Not a trust so the dividend is taxed. Not considering selling it.
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