First Capital Real Estate Investment Trust FCR.UN.TO · CAD
Real Estate · Toronto Stock Exchange · 🇨🇦 Canada
23.37
-0.09%
Close of 9 Nov 2026, in CAD
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About First Capital Real Estate Investment Trust
Its shares trade on Toronto Stock Exchange under the ticker FCR.UN.TO. It has been listed since 29 March 1994. In the fiscal year to 31 December 2025, it reported revenue of C$731.2m and net income of C$1.06bn. At that date it held total assets of C$9.23bn and shareholders' equity of C$4.82bn.
First Capital Real Estate Investment Trust operates as a real estate investment trust. The company is headquartered in Toronto, Ontario. FCR operates through three segments: Eastern, which includes operations primarily in Quebec and Ottawa; Central, which includes the FCR's Ontario operations excluding Ottawa; and Western, which includes operations in Alberta and British Columbia. FCR's portfolio includes approximately 158 Canadian properties, totaling approximately 23.5 million square feet of gross leasable area. FCR's properties include Shops at King Liberty, 3080 Yonge Street, 2150 Lake Shore Boulevard West, Avenue and Lawrence Assets, Bayside Village, Leaside Village, Olde Oakville Market Place, Rutherford Marketplace and Edmonton Brewery District.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Real Estate
- Industry
- Equity Real Estate Investment Trusts (REITs)
- Listed since
- 29 Mar 1994
- Employees
- 373
- Website
- fcr.ca ↗
Leadership
Pay as last reported
- Mr. Paul DouglasIndependent Chairman of the Board of TrusteesC$275,000
- Mr. Adam PaulPresident, Chief Executive Officer, Trustee, since 2016C$5.1m
- Mr. Neil DowneyChief Financial Officer, Executive Vice President - Enterprise StrategiesC$2.0m
- Mr. Jordan RobinsChief Operating Officer, Executive Vice PresidentC$2.2m
- Ms. Alison HarnickSenior Vice President, General Counsel, Corporate SecretaryC$1.2m
- Mr. Carmine FrancellaSenior Vice President - Real Estate ServicesC$1.3m
- Ms. Michele WalkauSenior Vice President - Brand and Culture
- Mr. Leonard AbramskyIndependent TrusteeC$170,000
- Mr. Ian ClarkeIndependent TrusteeC$190,000
- Ms. Dayna GibbsIndependent TrusteeC$170,000
- Mr. Ira GluskinIndependent TrusteeC$170,000
- Ms. Annalisa KingIndependent TrusteeC$180,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 86
- Environment
- 99
- Social
- 99
- Governance
- 61
- Direct emissions (scope 1)
- 9,836 t
- Energy emissions (scope 2)
- 11,234 t
- Value chain emissions (scope 3)
- 55 t
- Women in the workforce
- 60%
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- First Capital Real Estate Investment Trust (REIT) has a strong portfolio of properties in prime locations.
- The REIT has a diverse tenant mix, reducing the risk of dependency on a single tenant.
- First Capital REIT has a track record of delivering stable rental income and consistent returns to investors.
- The company benefits from experienced management and a skilled team that understands the real estate market.
Weaknesses
- First Capital REIT may face challenges in a downturn or recession, as property values and rental demand could decrease.
- The REIT is subject to interest rate risk, as rising interest rates can increase borrowing costs and impact profitability.
- There may be limitations on the availability of suitable investment opportunities, potentially impacting the growth potential of the REIT.
Opportunities
- First Capital REIT may benefit from the increasing demand for real estate in its target markets.
- Expansion into new geographic areas or property sectors can provide growth opportunities for the REIT.
- The company could explore strategic partnerships or acquisitions to enhance its portfolio and diversify risk.
Threats
- First Capital REIT may face competition from other real estate players, potentially impacting occupancy rates and rental rates.
- Changes in government regulations or policies related to the real estate industry could impose additional costs or restrictions on the REIT.
- Economic downturns, market volatility, or unforeseen events such as natural disasters can impact the performance and value of the REIT's properties.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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