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 six months ended 30 June 2024, First Capital Real Estate Investmnt Trst revenues increased 3% to C$359.1M. Net income increased from C$19.7M to C$91.7M. Revenues reflect FFO per Share (Diluted) increase of 38% to C$0.38. Net income benefited from Increase (decrease) in value of investme decrease of 74% to C$29.5M (expense), Fees and Other Income increase from C$2.7M to C$12M (income). Dividend per share remained flat at C$0.43. |
| Employees: | 371 as of Jun 30, 2024 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $7,912M as of Jun 30, 2024 |
| Annual revenue (TTM): | $699.20M as of Jun 30, 2024 |
| EBITDA (TTM): | $417.20M as of Jun 30, 2024 |
| Net annual income (TTM): | -$62.00M as of Jun 30, 2024 |
| Free cash flow (TTM): | $50.74M as of Jun 30, 2024 |
| Net Debt Last Fiscal Year: | $4,026M as of Jun 30, 2024 |
| Shares outstanding: | 212,242,000 as of Jun 30, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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