TSE:FCR.UN

First Capital Realty (FCR.UN.TO)

22.60
-0.10 (0.46%)
as of Aug 31, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconAug 31, 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 attention from experts for its strong performance and strategic positioning in the market. With a recent takeover announcement and significant appreciation in its stock price, the company stands out as a solid investment opportunity within the real estate sector. Its urban portfolio is highlighted for quality and stability, achieving impressive occupancy rates of 97%. The ability to double rents and an internal growth rate of 5%, alongside a 4.6% dividend yield, reinforces its appeal to investors looking for both growth and defensiveness. Experts believe that further mergers and acquisitions are likely within the sector, suggesting continued positive momentum for FCR.UN-T.

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Consensus
Positive
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Valuation
Undervalued
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Tanger,SKT
TOP PICK

Feels there is a little bit of legs left in the market but eventually there might be a little bit of reckoning coming. He has moved a lot of his portfolio into low beta, lower risk, higher dividend type of securities. This is not a fast grower but it pays 4.5% dividend and the beta is around .55.

PAST TOP PICK

(A Top Pick Oct 5/12. Up 1.84%.)

TOP PICK

Everyone is mad at them. They have come with too many issues. Have been selling a bunch of properties that don't make sense. They are constantly creating value.

TOP PICK

Has a long-term trend line from early 2009 and has now pulled back to that trend line. Decent dividend at about 4.5%. Low beta.

BUY

(Market Call Minute.)

BUY ON WEAKNESS

(Market Call Minute.) Buy at $18.50 or better.

TOP PICK

Very defensive. Just did another issue with some warrants, etc. Very conservative. Good sturdy business with drugstores, groceries and liquor stores. 4.5% dividend yield.

TOP PICK
Tremendous management team which owns 52%. High-quality assets. Low leverage and low payout. Great portfolio that they are continuing developing.
PAST TOP PICK
(A Top Pick March 10/11. Up 20.63%.)
BUY
One of the best real estate companies you can own. Neighbourhood shopping centers primarily in the 6 big markets in Canada. Management owns about 52%. Expects that if there is not a dividend increase later this year, there will be one next year for sure.
HOLD
Not afraid to buy a great piece of property in a very urban center. Able to have large turnarounds with supercenter anchors. Fairly tightly held and is also getting up in price. Their most recent acquisition was Hazelton Lanes in Toronto.
COMMENT
(Market Call Minute.) Well-managed. Very REIT like but is actually a real estate corporation with a pretty good dividend. He doesn't own the stock but does own a convertible debenture issue.
TOP PICK
5.36% bond. Great managers. Real Estate bonds are rated BBB, which is still investment grade but you get 250 basis points over Government of Canada’s. Real estate bonds are less volatile than almost any other bonds out there.
BUY
Recently bought Hazelton Lanes in Toronto. This one has been a favourite of his for a long time. Very well run and long-term focused. Very good, consistent management.
HOLD
Grocery/drug stores are their anchor tenants. There is big demand from international/US retailers for retail space in Canada because of the good economy and rents are cheaper. Great management.
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