FCR-UN.TO
FCR-UN.TO
CA31890B1031
FIRST CAPITAL REIT UNITS
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Company Profile

First Capital Real Estate Investment Trust is an unincorporated, open-ended mutual fund trust. First Capital owns and operates, acquires, and develops open-air grocery-anchored shopping centres in neighborhoods with the strongest demographics in Canada. The Trust is listed on the Toronto Stock Exchange. On November 24, 2025, the Trust's unitholders approved an internal tax reorganization that was completed by way of a plan of arrangement (the Arrangement). The Arrangement simplified First Capital's organizational structure by eliminating First Capital Realty Inc. as the Trust's wholly owned corporate subsidiary that owned, directly and indirectly, all of First Capital's real property portfolio. The Arrangement was completed and became effective on November 30, 2025. Following the Arrangement, First Capital now holds substantially all its real property portfolio through flow-through entities, namely subsidiary partnerships and trusts. First Capital Real Estate Investment Trust is incorporated in Ontario, Canada and its head office is located at 85 Hanna Avenue, Suite 400, Toronto, Ontario, M6K 3S3. First Capital Real Estate Investment Trust was established on November 10, 1993 and incorporated in Ontario, Canada.

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Key Metrics & Overview

Detailed metrics & financial data of the company

Company Profile
5 Metrics

🛡️ Risk & Structural Analysis

Multi-Factor Risk Model & Market Data

5/7 Elevated
5Y Volatility
19.5% p.a.
Max Drawdown (5Y)
-34.3%
Sharpe Ratio (5Y)
0.12
Beta Factor
0.86
Size Class
Mid Cap
Notes & Warnings
Single Stock Risk: Investing in an individual stock carries full company and insolvency risk (no fund diversification).
Exemplary balance sheet strength: Very solid ratio of equity to debt.
Strong cyclicality: The business model is sensitive to economic downturns.
🔴 Low analyst coverage – higher uncertainty in growth estimates & projections
Historical Stress Test: Maximum peak-to-trough drawdown of -50.3% in the extended horizon.
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