First Capital Real Estate Investment Trust (T:FCR.UN)
Business Focus: Retail REITs
| Sector: Real Estate | Industry: Commercial REITs |
| Company Contact | |
| Address: | King Liberty Village 85 Hanna Avenue, Suite 400 TORONTO ON M6K 3S3 |
| Tel: | N/A |
| Website: | https://fcr.ca |
| IR: | See website |
| Key People | ||
| Adam E. Paul President, Chief Executive Officer, Trustee | Neil W. E. Downey Chief Financial Officer, Executive Vice President - Enterprise Strategies | Jordan Robins Chief Operating Officer, Executive Vice President |
| Alison Gail Harnick Senior Vice President, General Counsel, Corporate Secretary | Carmine Francella Senior Vice President - Real Estate Services | Michele Walkau Senior Vice President - Brand and Culture |
| Business Overview |
| First Capital Real Estate Investment Trust is a Canada-based open-ended mutual fund trust. The Company owns, operates and develops grocery-anchored, open-air centers in neighborhoods with various demographics in Canada. The Company targets specific urban and suburban neighborhoods, which are located in Toronto, Montreal, Vancouver, Edmonton, Calgary, and Ottawa. Its portfolio of 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, Edmonton Brewery District, King High Line, York Mills Gardens, False Creek Village, Carre Lucerne, Shops at New West, Wilderton Centre, One Bloor East, 775 King Street West, Yorkville Village, 78-100 Yorkville Avenue, 101 Yorkville Avenue, and 102-108 Yorkville Avenue. Its properties also include 897-901 Eglinton Avenue West, Griffintown-100 Peel, and Griffintown-1000 Wellington Street, among others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, First Capital Real Estate Investmnt Trst revenues decreased 1% to C$688M. Net loss decreased 16% to C$134.1M. Revenues reflect FFO per Share (Diluted) decrease of 6% to C$1.14. Lower net loss reflects Share of profit (loss) from joint ventur decrease from C$199K (expense) to C$48.5M (income), Marketable sec. decrease of 96% to C$533K (expense). Dividend per share increased from C$0.54 to C$0.86. |
| Employees: | 372 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $7,160M as of Dec 31, 2023 |
| Annual revenue (TTM): | $687.98M as of Dec 31, 2023 |
| EBITDA (TTM): | $395.69M as of Dec 31, 2023 |
| Net annual income (TTM): | -$134.06M as of Dec 31, 2023 |
| Free cash flow (TTM): | $44.08M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $4,000M as of Dec 31, 2023 |
| Shares outstanding: | 212,241,819 as of Apr 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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