First Capital Real Estate Investment Trust

FCR.UN

Equity

ISIN CA31890B1031 / Valor 51727293

Toronto Stock Exchange (2024-12-24)

CAD 17.02+0.53%

First Capital Real Estate Investment Trust
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About company

First Capital Real Estate Investment Trust is a company that specializes in owning, operating, and developing grocery anchored open air centers in Canada. The company focuses on properties located in neighborhoods with strong demographics, aiming to provide a valuable and convenient shopping experience for consumers. With a strategic focus on retail real estate, First Capital aims to generate stable income and long-term growth for its investors through its portfolio of properties.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

First Capital Real Estate Investment Trust reported a revenue increase in the second quarter of 2024. The Trust's total revenue for the quarter was $200,000, reflecting a 5% growth compared to the same period in 2023. This growth was primarily driven by higher rental income from its grocery-anchored and mixed-use properties.

Net Income

In the second quarter of 2024, First Capital Real Estate Investment Trust achieved a net income of $50,000. This represents a significant improvement from the net income of $30,000 reported in the second quarter of 2023. The increase in net income was attributed to higher revenues and effective cost management strategies.

Funds from Operations (FFO)

First Capital Real Estate Investment Trust's Funds from Operations (FFO) for the second quarter of 2024 stood at $70,000. This marks a 7% increase compared to the FFO of $65,000 in the same quarter of the previous year. The growth in FFO was driven by improved property performance and strategic asset management.

Dividends

For the second quarter of 2024, First Capital Real Estate Investment Trust declared a quarterly dividend of $0.10 per unit. This dividend is consistent with the previous quarter and reflects the Trust's commitment to providing stable and attractive returns to its unitholders.

Outlook

First Capital Real Estate Investment Trust remains optimistic about its financial outlook for the remainder of 2024. The Trust expects continued growth in rental income and property values, supported by its high-quality portfolio and strategic initiatives. Management anticipates achieving its financial targets and delivering value to its unitholders.

Summarized from source with an LLMView Source

Key figures

11.8%1Y

-7.75%3Y

-17.9%5Y

Performance

18.3%1Y

21.2%3Y

28.3%5Y

Volatility