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.
179 watching
0
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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PAST TOP PICK
First Capital Realty is run by the one of smartest real estate management teams in Canada. It was a top pick in August. They still own and are very happy with it. It pays a dividend so you get full dividend tax credit on it.
BUY
They own it in a couple of their funds. It pays 5% yield. They like it and continue to buy. In 2007 it may become a REIT.
BUY
Development in mall areas. Well diversified with great anchors. Does not own on the equity side but owns on the bond side.
BUY
A name he always likes. Took a bit off the table to balance his portfolio. Good product and good management. Pays 5% dividend.
BUY
An extremely well run real estate company. It gives a very decent dividend yield, one of the best dividends on the TSX. You also get a very conservative balance sheet. Did a convertible debt issue a few weeks ago and are in a position to pursue some significant property transactions. Good management.
BUY
A fantastic name. Not a REIT. They have tax losses and don't pay tax. Similar to a REIT and trades on similar valuation multiples because they effectively pay out 80% of their funds from operations. She has an outperform rating with a $22 target price. Good yield of about 5.2%. Good growth potential.
TOP PICK
Very good management. Have improved their balance sheet and increased their cash flow. Manage their properties very intelligently, very aggressively. Dividend that's close to 6% which won't be hurt by whatever way the wind blows on trusts, dividends, etc.
WATCH
Has been a good holding with a nice yield, but not in trust form. You could probably see a little bit of further legs on this. Wonder if they are now looking at a trust format to squeeze out another 10/20% of valuation? Looks fairly fully valued.
BUY
An excellent company. One of the best REIT positioners of grocery anchored malls. One of the better managed real estate companies in Canada.
TOP PICK
Focused on grocery and retail shopping centres. Pays 5.88% yield. Very strong management team with ability to improve property value.
TOP PICK
Markets are acting very nervous, so all his picks tonight are defensive and "real quality". Pays about 6%. Very conservatively managed. Medium size shopping centres. Have had very strong performance. Bringing their debt down. Expects it will come off a little bit in the next several months, so watch for an opportunity to Buy on dips.
BUY
Has downgraded from outperform to perform (originally rated at $17 is now around $21 so has reached her target.) Longterm very favourable view on company. Good management. Good assets.
BUY
Highest paying dividends. Interests in grocery strip malls.
WEAK BUY
Very attractive yield. Good assets. Well managed. Don't expect much growth.
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