TSE:FCR
First Capital Realty (FCR-T)
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Apr 16, 2025, 12:00 amThis summary was created by AI, based on 4 opinions in the last 12 months.
First Capital Realty is recognized for possessing a premier portfolio focused on necessity-based real estate in urban centers across Canada, particularly in Toronto, as indicated by various experts. They highlight the company's strong growth potential, especially with half of its holdings in sought-after grocery-anchored spaces. The current market conditions suggest that the stock is trading at notable discounts to its net asset value (NAV), ranging from 25% to 35%, which presents an attractive investment opportunity. Analysts are optimistic about the company's capacity for rent growth as occupancy nears its peak, with many suggesting that investors can expect returns while waiting for the valuation to align with its intrinsic worth. The yield also varies among analyses, with figures approaching 6%, indicating a steady income stream for investors. Overall, First Capital Realty stands out as a defensive yet growth-oriented investment in the real estate sector.
Pre-eminent portfolio in the space. Necessity-based real estate in Canada's urban centres, with half in Toronto. Already owns future development space. Near peak occupancy, so there's potential for positive inflection in retail rents. Good growth prospects, at 25% discount to NAV. Yield is 5.14%.
(Analysts’ price target is $20.02)Aims to own the finest grocery-anchored real estate across Canada. High quality. He thinks it's the best globally. 30% discount to NAV. Get paid to wait while the value gap closes. Goal is to grow earnings and NAV by 3% a year for 3 years. Defensive plus growth. Yield is 5.3%.
(Analysts’ price target is $20.11)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)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%.
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)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.
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)
First Capital Realty(FCR-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 1
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, 1 stock analyst published opinions about FCR-T. 1 analyst 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?
1 stock analyst 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.
Grocery-anchored retail in major cities in Canada. Most in-demand asset class in real estate today. Irreplaceable portfolio of great retail properties. World-class assets. Will have great rent growth, as new builds are too costly. Potential down the road to build apartments or condos on top of current sites, further adding to value over time.