First Capital Realty

FCR-T

TSE:FCR

20.86
0.00 (0.00%)
First Capital Realty Inc. (FCR) is engaged in the business of acquiring, developing, redeveloping, owning and managing urban retail-centered properties. The Company owns, develops and manages grocery anchored, urban properties where people live and shop.
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Analysis and Opinions about FCR-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
June 25, 2020
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.
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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.
BUY
BUY
January 15, 2020
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.
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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.
WEAK BUY
WEAK BUY
January 14, 2020
Doesn't follow this closely, but they are well-managed and a good real estate company overall. (The ticker has changed to FCR recently.)
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Doesn't follow this closely, but they are well-managed and a good real estate company overall. (The ticker has changed to FCR recently.)
TOP PICK
TOP PICK
May 16, 2019
Great Managers. All about intensification at the city level. Fantastic assets with growth profile. (Analysts’ price target is $23.75)
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Great Managers. All about intensification at the city level. Fantastic assets with growth profile. (Analysts’ price target is $23.75)
WAIT
WAIT
November 21, 2018
They own locations in the larger cities, primarily grocery anchored shopping centres. They are managed by a good focused real estate team. They like to buy the best locations in urban areas. He will look at it on a pull back. It is a good long term hold.
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They own locations in the larger cities, primarily grocery anchored shopping centres. They are managed by a good focused real estate team. They like to buy the best locations in urban areas. He will look at it on a pull back. It is a good long term hold.
BUY
BUY
September 27, 2018

He does not own REITs but this is probably his favourite in the space. They did it right in the right markets. They created liberty village. They really did well pumping money into Hazelton Lanes. He believes it is still selling at a discount to its NAV.

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First Capital Realty (FCR-T)
September 27, 2018

He does not own REITs but this is probably his favourite in the space. They did it right in the right markets. They created liberty village. They really did well pumping money into Hazelton Lanes. He believes it is still selling at a discount to its NAV.

WEAK BUY
WEAK BUY
September 13, 2018

A large owner-operator of shopping malls. 4.2% dividend. It's been sideways. It's an income vehicle and a slow grower. You own this for stable income. He doesn't see a retail "apocalypse." Safe dividend, maybe an increase, and a good
operator. This won't scream up in price anytime soon. It's stable. Prefers Riocan REIT.

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First Capital Realty (FCR-T)
September 13, 2018

A large owner-operator of shopping malls. 4.2% dividend. It's been sideways. It's an income vehicle and a slow grower. You own this for stable income. He doesn't see a retail "apocalypse." Safe dividend, maybe an increase, and a good
operator. This won't scream up in price anytime soon. It's stable. Prefers Riocan REIT.

HOLD
HOLD
July 31, 2018

Not a sell, though he owns the bonds. A retail story, but more defensive with liquor, drug, and grocery stores. Higher rates, and did a questionable issuance. Into new green development. Likes the company and its assets. But not the time to own it.

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Not a sell, though he owns the bonds. A retail story, but more defensive with liquor, drug, and grocery stores. Higher rates, and did a questionable issuance. Into new green development. Likes the company and its assets. But not the time to own it.

HOLD
HOLD
June 8, 2018

Management quite good, They develop space for condos and stores. Trades at a premium. Yield is not as high as other REITs, but yield of 4% is actually not bad.

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Management quite good, They develop space for condos and stores. Trades at a premium. Yield is not as high as other REITs, but yield of 4% is actually not bad.

BUY WEAKNESS
BUY WEAKNESS
September 28, 2017

This is an urban everyday needs portfolio. Very resilient. He models 3.8% growth from 2016 to 2018. This is not cheap, trading at around 19X, it is still trading slightly below its five-year average. 81% payout ratio, so you are going to get paid the 4.3% distribution. Its balance sheet is very good. Thinks you could buy this closer to $18.50 or $19 if you get an opportunity.

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First Capital Realty (FCR-T)
September 28, 2017

This is an urban everyday needs portfolio. Very resilient. He models 3.8% growth from 2016 to 2018. This is not cheap, trading at around 19X, it is still trading slightly below its five-year average. 81% payout ratio, so you are going to get paid the 4.3% distribution. Its balance sheet is very good. Thinks you could buy this closer to $18.50 or $19 if you get an opportunity.

BUY
BUY
August 15, 2017

Doesn’t own any REITs at this time, but if he were to own one, this would be the one. Likes the way they are running the company and the acquisitions they’ve made. They are in the prime areas where it is difficult to get real estate anymore. They have a serious footprint in Yorkville which arguably, price per square foot, is the most valuable real estate in Toronto.

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Doesn’t own any REITs at this time, but if he were to own one, this would be the one. Likes the way they are running the company and the acquisitions they’ve made. They are in the prime areas where it is difficult to get real estate anymore. They have a serious footprint in Yorkville which arguably, price per square foot, is the most valuable real estate in Toronto.

COMMENT
COMMENT
June 21, 2017

A very well-capitalized Real Estate Operating Company, with a lot of retail properties across Canada. Focused in urban major city centres and are buying up real estate in good locations, in close proximity to where people live, which benefits from a combination of an increase in population growth and an increase in incomes. About 20% of properties are anchored by grocery stores. Has a good development pipeline and an exceptional balance sheet. 70% of assets are unencumbered, which gives a lot of flexibility in the event of higher rates or an economic downturn. Dividend yield of 4.1%.

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A very well-capitalized Real Estate Operating Company, with a lot of retail properties across Canada. Focused in urban major city centres and are buying up real estate in good locations, in close proximity to where people live, which benefits from a combination of an increase in population growth and an increase in incomes. About 20% of properties are anchored by grocery stores. Has a good development pipeline and an exceptional balance sheet. 70% of assets are unencumbered, which gives a lot of flexibility in the event of higher rates or an economic downturn. Dividend yield of 4.1%.

BUY
BUY
June 1, 2017

He owns the bonds. They have fantastic assets, and believe in not only growing their bottom line versus acquisitions, but also in the intensification story, such as core cities like Toronto. Their risk money is re-developing projects such as Yorkville, Lawrence or Liberty Square. Believes it is trading at a 20% discount to its NAV.

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He owns the bonds. They have fantastic assets, and believe in not only growing their bottom line versus acquisitions, but also in the intensification story, such as core cities like Toronto. Their risk money is re-developing projects such as Yorkville, Lawrence or Liberty Square. Believes it is trading at a 20% discount to its NAV.

TOP PICK
TOP PICK
April 18, 2017

Feels the 3 top picks have probably lagged the market unfairly. This has lagged for a number of reasons. There is a bit of a concern on the retail market in general, but he would argue that their locations are highly resilient. They’ve had their guidance lowered a little because of some of the acquisitions they did, some developments cost a fair bit of money. However, long term, this is going to work out very well. Thinks management has got the message that they need to provide more FFO per share growth over the next couple of quarters. The previous CEO has been selling which has put some pressure on the stock, but has nothing to do with the valuation of the company. Dividend yield of 4.2%. (Analysts’ price target is $23.)

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Feels the 3 top picks have probably lagged the market unfairly. This has lagged for a number of reasons. There is a bit of a concern on the retail market in general, but he would argue that their locations are highly resilient. They’ve had their guidance lowered a little because of some of the acquisitions they did, some developments cost a fair bit of money. However, long term, this is going to work out very well. Thinks management has got the message that they need to provide more FFO per share growth over the next couple of quarters. The previous CEO has been selling which has put some pressure on the stock, but has nothing to do with the valuation of the company. Dividend yield of 4.2%. (Analysts’ price target is $23.)

WATCH
WATCH
March 28, 2017

Generally the sector has underperformed. The largest shareholder has done a secondary offering of their shares. The feeling is that they will keep selling down. But this is a fantastic company. They are incredibly defensive. They execute well. He is closer to looking at buying it. Net operating income should really pop over the next couple of years.

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Generally the sector has underperformed. The largest shareholder has done a secondary offering of their shares. The feeling is that they will keep selling down. But this is a fantastic company. They are incredibly defensive. They execute well. He is closer to looking at buying it. Net operating income should really pop over the next couple of years.

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First Capital Realty(FCR-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

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. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. 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 Andrew Moffs on 2020-06-25. 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.