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First Capital REIT
First Capital REIT

+9.45%

Real estate / REIT Commercial

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Company at a Glance

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Overview
First Capital Real Estate Investment Trust (REIT) is a Canadian real estate investment trust that owns, develops, and operates a portfolio of retail properties across Canada. The company was founded in 1997 and is headquartered in Toronto, Canada.
First Capital REIT focuses on acquiring and managing urban retail properties, primarily grocery-anchored shopping centers and standalone stores. Their portfolio includes over 160 properties, totaling over 25 million square feet of leasable space.
The company's properties are located in major Canadian cities, such as Toronto, Vancouver, Montreal, and Calgary, as well as smaller urban centers. The properties are primarily anchored by major tenants such as Loblaws, Sobeys, Shoppers Drug Mart, and Canadian Tire.
In addition to owning and operating properties, First Capital REIT also has a development and redevelopment program to expand and enhance their existing portfolio. They also actively seek out new acquisition opportunities to further diversify their portfolio.
First Capital REIT is listed on the Toronto Stock Exchange under the ticker symbol FCR.UN and offers investors the opportunity to invest in a diverse portfolio of Canadian retail properties with the potential for long-term growth and stable income.
What is special about the company?
1. First REIT in Canada: First Capital REIT is the first real estate investment trust (REIT) established in Canada. It has a long-standing history of being a pioneer in the Canadian commercial real estate market.
2. Diverse Portfolio: The company has a diverse portfolio of high-quality, mixed-use properties across Canada, including retail, office, and industrial properties. This diverse portfolio helps mitigate risk and provides stable cash flow for investors.
3. Focus on Sustainable Practices: First Capital REIT is committed to environmental sustainability and social responsibility. It has implemented green building and energy efficiency practices across its properties and community engagement initiatives to create value for stakeholders.
4. Strong Financial Performance: The company has a track record of consistent financial performance with strong occupancy rates and steady rental income growth. This stability makes it an attractive investment option for investors.
5. Experienced Management Team: First Capital REIT has a knowledgeable and experienced management team with a proven track record of success in the Canadian real estate market. This team has the expertise to identify and capitalize on investment opportunities to drive growth for the company.
6. Investor-friendly policies: The company operates with a focus on transparency and has investor-friendly policies such as regular dividend payouts and share buyback programs. This builds trust and confidence among its investors.
7. Innovative Technology: First Capital REIT utilizes innovative technology to improve the operational efficiency of its properties and enhance the overall tenant experience. This has helped the company stay ahead of its competition in the digital age.
8. Commitment to Growth: The company has a strong growth strategy, focused on acquiring high-quality properties in key Canadian markets, and developing new properties to increase its portfolio and create value for its investors. This commitment to growth provides long-term potential for investors.
What the company's business model?
First Capital REIT (Real Estate Investment Trust) is a real estate investment trust that owns, acquires, develops, and redevelops urban retail properties in Canada. The company's business model revolves around owning and managing a portfolio of retail properties in major Canadian cities, including high-traffic shopping centers, grocery-anchored plazas, and mixed-use developments.
The primary sources of revenue for First Capital REIT are rental income from its properties and the appreciation of its real estate portfolio. The company's business strategy is focused on investing in well-located and high-quality retail properties in urban areas, which have a strong potential for growth and value creation.
First Capital REIT also follows a disciplined and proactive approach to asset management, which includes actively managing its properties, executing strategic acquisitions and developments, and maintaining a balanced and diversified portfolio. This allows the company to generate stable cash flow and increase value for its unitholders.
The company also focuses on fostering strong relationships with its tenants, as well as implementing innovative and sustainable practices in its developments. Additionally, First Capital REIT has a strong financial management strategy, which includes maintaining a strong balance sheet and prudently managing its debt levels.
Overall, First Capital REIT's business model is centered on owning and operating a portfolio of high-quality retail properties, implementing effective asset management strategies, and maintaining strong financial management practices to deliver value to its unitholders.
Interesting facts about the company
1. First Capital Real Estate Investment Trust, also known as First Capital REIT, is a Canadian real estate investment trust that specializes in shopping centers and other retail properties across Canada.
2. The company was founded in 1994 under the name First Commercial Realty Advisors Inc. and changed its name to First Capital Realty Inc. in 2000 before becoming First Capital REIT in 2019.
3. First Capital REIT currently owns and manages over 158 properties across Canada, with a total gross leasable area of approximately 26.8 million square feet.
4. The company focuses on urban markets with high population densities and strong retail demand, primarily targeting middle- and upper-income neighborhoods.
5. First Capital REIT has a diverse portfolio of properties, including open-air shopping centers, enclosed malls, and mixed-use developments.
6. In addition to its retail properties, the company also has a growing portfolio of residential properties, with over 2,500 residential apartments currently under management.
7. First Capital REIT is committed to sustainability and has implemented various green initiatives in its properties, such as energy-efficient lighting and water conservation measures.
8. The REIT has a strong track record of consistent and growing returns for its investors. Since its initial public offering in 2000, the company has delivered an average annual return of 8.6%.
9. First Capital REIT is listed on the Toronto Stock Exchange under the ticker symbol FCR.UN and is included in the S&P/TSX Composite Index, an index of the largest and most liquid Canadian stocks.
10. The company has received various awards and recognition for its high-quality properties and sustainable practices, including being named one of Canada’s Most Admired Corporate Cultures by Waterstone Human Capital in 2020.
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