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First Capital Realty (FCR-T)
TSE:FCR
20.86
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First Capital Realty (FCR-T) is highly regarded by various experts for its quality grocery-anchored real estate portfolio across Canada. The company is believed to be trading at significant discounts to net asset value (NAV), with estimates ranging from 25% to 35%, which creates an attractive opportunity for investors. With a goal to grow earnings and NAV by approximately 3% annually over the next three years, the stock presents a defensive yet growth-oriented investment. Analysts highlight its robust yield, with figures around 5% to 6%, making it an appealing option while waiting for the value gap to close. As it is focused only in key urban centers, FCR-T is seen as a stable name in the current market environment, with potential for supporting earnings growth through additional space coming online and the strategic sale of non-core properties.
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Owned
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%.
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.
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.
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.
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 : 2
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 2
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, 2 stock analysts published opinions about FCR-T. 2 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?
2 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.
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)