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Investor Insights

This summary was created by AI, based on 4 opinions in the last 12 months.

First Capital Realty (FCR-T) is considered to have one of the largest and highest-quality grocery-anchored shopping-centre portfolios globally by experts. The company is trading at a significant discount to its private market value and has a focus on increasing value by selling non-core properties and reducing debt. With a solid yield of 4.8% and potential for earnings growth, it is attracting positive attention from analysts.

Consensus
Positive
Valuation
Undervalued
TOP PICK

One of his largest holdings. One of the highest-quality grocery-anchored shopping-centre portfolios globally. Trades at upwards of 25% discount to private market value. Management seeking to increase value by selling non-core properties and reducing debt. Yield is 4.8%.

(Analysts’ price target is $20.30)
property mngmnt / investment
PAST TOP PICK
(A Top Pick Mar 30/23, Up 0.1%)

One of his largest weights. Core portfolio of necessity-based real estate, 80% grocery anchored. 35% discount to NAV today. Additional space coming online in next 3 years, which should help reduce leverage and help earnings growth. Great name in this environment. Yields close to 6%.

property mngmnt / investment
PAST TOP PICK
(A Top Pick Jan 30/23, Down 7%)

Very constructive on it. Best grocery-anchored shopping centre portfolio globally. Urban, only in key centres in Canada. 30% discount to intrinsic value, 5.5% yield while you wait. 3-4% earnings growth. More upside.

property mngmnt / investment
PAST TOP PICK
(A Top Pick Nov 29/22, Down 15%)

Highest quality globally of grocery-anchored shopping centres. 40% discount to NAV. Activism has been an overhang. Defensive, fundamentals couldn't be better. Keep holding.

property mngmnt / investment
PAST TOP PICK
(A Top Pick Sep 28/22, Down 6%)

Best idea today. 35% discount to NAV, with attractive distribution yield while you wait for the gap to close. Owns key pharmacy and grocery across the key urban centres in Canada. Resilient. Great setup.

property mngmnt / investment
TOP PICK

Favourite investment in grocery-anchored shopping centres. Very defensive, with necessity-based tenants. Owns the best portfolio globally in this space. Can double size of portfolio based on what they own today. Board refreshment with timely skills. 35% discount to NAV. Yield is 5.57%.

(Analysts’ price target is $19.31)
property mngmnt / investment
TOP PICK

It owns retail shopping centres across Canada focused on grocery and pharmacy and is in the best markets. The strength and quality of its tenants is good and it has one of the best shopping centre portfolios globally. It trades at a great discount to the private market value of its real estate net asset value. He agrees with the company's estimate of a share price of $23. Has had some shareholder activism lately and he is hopeful for a strategic review. Yield is 4.7%.   Buy 4  Hold 3  Sell 1.


(Analysts’ price target is $18.71)
property mngmnt / investment
TOP PICK

They own the finest portfolio of grocery-anchored shopping centres in the world, 22 million Sq. Ft + 24 million Sq. Ft in the future, located in thriving neighbourhoods of density and income growth. It used to trade at a premium to NAV, but at a discount in the past 5 years, during which it was one of the worst-performing stocks. Holds a great portfolio, though struggles that they trade at a discount to NAV. Not surprised that an activist investor has come aboard. Good growth ahead. (Analysts’ price target is $18.71)

property mngmnt / investment
TOP PICK
Another defensive real estate company. Owns best grocery shopping center portfolio in North America. 85% of tenants are necessity based retails(grocery etc.) Has been trading at a discount to peers and net asset value. New leases has been growing. Company has been buying back shares and selling assets to increase value.
property mngmnt / investment
TOP PICK
He had avoided the retail space but is now bullish on necessity-based shopping and that is what they address. The stock has been depressed because cash flows came off during the pandemic and they cut the distribution temporarily for probably two years. It is trading at a big discount to net asset value. He likes management and the setup. (Analysts’ price target is $19.50)
property mngmnt / investment
HOLD
A misunderstood name. People saw it as bricks and mortar retail. Its exposure to any retail is in favourable categories such as groceries, medical, department stores. Not big box or malls. Still likes it, though it's not the value it was. Prefers industrial, commerical. Worries about residential, as the rents get capped.
property mngmnt / investment
DON'T BUY
Used to own this. Pre-Covid they were a good asset creator through buying and integrating those assets. Problem is they also own retail, which could be a problem for a while. This exposure is a concern. Overall, though he likes the managers and the company.
property mngmnt / investment
DON'T BUY
They are in the retail space. Anything that is in the retail space during COVD-19 is in the penalty box and for good reason. The pandemic has shut down traffic to every shopping mall. Their shopping centers are a victim of online sales. The growth outlook has been diminished. He thinks the market has overly discounted it. The catalyst is lacking for the moment. He does not expect the distribution to be increased any time soon.
property mngmnt / investment
BUY
Likes it even though he's not positive on retail. They own some of the best Canadian retail in Canada. Pays a 4.5% dividend. Owns some of the best Canadian retail real estate--a niche of grocery stores and pharmacies which are stable and sell necessities. Super managers. The overhang of the previous owner is fading. They converted from a company to a REIT which will attract more investors by appearing on REIT indicies. They have 24 million square feet of development potential on land they already own.
property mngmnt / investment
WEAK BUY
Doesn't follow this closely, but they are well-managed and a good real estate company overall. (The ticker has changed to FCR recently.)
property mngmnt / investment
Showing 1 to 15 of 173 entries

First Capital Realty(FCR-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 3

Stockchase rating for First Capital Realty is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

First Capital Realty(FCR-T) Frequently Asked Questions

What is First Capital Realty stock symbol?

First Capital Realty is a Canadian stock, trading under the symbol FCR-T on the Toronto Stock Exchange (FCR-CT). It is usually referred to as TSX:FCR or FCR-T

Is First Capital Realty a buy or a sell?

In the last year, 3 stock analysts published opinions about FCR-T. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for First Capital Realty.

Is First Capital Realty a good investment or a top pick?

First Capital Realty was recommended as a Top Pick by on . Read the latest stock experts ratings for First Capital Realty.

Why is First Capital Realty stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is First Capital Realty worth watching?

3 stock analysts on Stockchase covered First Capital Realty In the last year. It is a trending stock that is worth watching.

What is First Capital Realty stock price?

On 2019-12-27, First Capital Realty (FCR-T) stock closed at a price of $20.86.