- First Capital REIT’s Funds From Operations (FFO) per unit increased to C$0.31 in the fourth quarter, compared to C$0.27 the previous year.
- The company’s total assets slightly decreased to C$9.18 billion from C$9.19 billion year over year.
- Occupancy rates improved to 96.8% from 96.2% year over year.
- Analyst ratings include 8 buy recommendations, 1 hold, and 1 sell.
- The financial results indicate a positive trend in FFO and occupancy, despite a minor decrease in total assets.
A look at First Capital Real Estate Inve Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
First Capital Real Estate Investment Trust, a prominent player in the real estate sector, has garnered positive Smartkarma Smart Scores across multiple key factors. With above-average ratings for value and dividend, investors can find reassurance in the company’s financial stability and commitment to rewarding shareholders. While growth and momentum scores are slightly lower, indicating a moderate pace of development and market traction, First Capital Real Estate Inve remains a strong contender in the industry.
As a leading owner, operator, and developer of grocery anchored and mixed-use properties in Canada’s bustling urban centers, First Capital Real Estate Investment Trust is dedicated to enhancing neighborhoods and delivering value to various stakeholders. Despite facing some challenges in resilience, as indicated by the Smart Scores, the company’s strategic focus on creating vibrant urban communities showcases its long-term dedication to sustainable growth and investor returns.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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