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First Capital Real Estate Investment Trust
TSX:FCR.UN

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First Capital Real Estate Investment Trust Logo
First Capital Real Estate Investment Trust
TSX:FCR.UN
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Price: 15.2 CAD +1.4% Market Closed
Updated: Mar 25, 2023

Intrinsic Value

The intrinsic value of one FCR.UN stock under the Base Case scenario is 19.43 CAD. Compared to the current market price of 15.2 CAD, First Capital Real Estate Investment Trust is Undervalued by 22%.

The Intrinsic Value is calculated as the average of the two valuation methods:

FCR.UN Intrinsic Value
Base Case
19.43 CAD
Undervaluation 22%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Fundamental Analysis

FCR.UN Profitability Score
Profitability Due Diligence

First Capital Real Estate Investment Trust's profitability score is 57/100. The higher the profitability score, the more profitable the company is.

Low 3-Year Average ROE
Negative ROE
Low 3-Year Average ROIC
Low ROIC
57/100
Profitability
Score

First Capital Real Estate Investment Trust's profitability score is 57/100. The higher the profitability score, the more profitable the company is.

FCR.UN Solvency Score
Solvency Due Diligence

First Capital Real Estate Investment Trust's solvency score is 26/100. The higher the solvency score, the more solvent the company is.

Average Interest Coverage
Positive Net Debt
Low Altman Z-Score
Short-Term Liabilities
26/100
Solvency
Score

First Capital Real Estate Investment Trust's solvency score is 26/100. The higher the solvency score, the more solvent the company is.

Financials

Balance Sheet Decomposition
First Capital Real Estate Investment Trust

Current Assets 473M
Cash & Short-Term Investments 36M
Receivables 66.1M
Other Current Assets 371M
Non-Current Assets 9.1B
Long-Term Investments 8.9B
PP&E 6.6M
Other Non-Current Assets 205M
Current Liabilities 798M
Accounts Payable 125M
Accrued Liabilities 45.7M
Short-Term Debt 1.6M
Other Current Liabilities 625M
Non-Current Liabilities 4.5B
Long-Term Debt 3.6B
Other Non-Current Liabilities 922M
Efficiency
61%
Gross Margin
54%
Operating Margin
-23%
Net Margin
36%
FCF Margin
Other

FCR.UN Capital Structure
First Capital Real Estate Investment Trust

Market Capitalization 3.2B CAD
Total Debt 3.6B CAD
Minority Interest 55.9M CAD
Preferred Equity 0 CAD
Cash and Equivalents 32.7M CAD
Short-Term Investments 3.3M CAD
Enterprise Value 6.9B CAD

Wall St
Price Targets

FCR.UN Price Targets Summary
First Capital Real Estate Investment Trust

Wall Street analysts forecast FCR.UN stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for FCR.UN is 19.64 CAD with a low forecast of 16.16 CAD and a high forecast of 23.1 CAD.

Lowest
Price Target
16.16 CAD
6% Upside
Average
Price Target
19.64 CAD
29% Upside
Highest
Price Target
23.1 CAD
52% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

FCR.UN Competitors
First Capital Real Estate Investment Trust

FCR.UN Suppliers & Customers
First Capital Real Estate Investment Trust

There is no information about
First Capital Real Estate Investment Trust
key suppliers
Customers Map

Shareholder Return

FCR.UN Return Decomposition
Main factors of price return

Price Return Decomposition
is not available

It is impossible to break down the market cap return as the net margin for the past 12 months is negative.

What is price return decomposition?

FCR.UN Price
First Capital Real Estate Investment Trust

1M 1M
-15%
6M 6M
+5%
1Y 1Y
-15%
3Y 3Y
+31%
5Y 5Y
-10%
Annual Price Range
15.2
52w Low
14.0497
52w High
18.51
Price Metrics
Average Annual Return 5.52%
Standard Deviation of Annual Returns 29.79%
Max Drawdown -50%
Shares Statistics
Market Capitalization 3.2B CAD
Shares Outstanding 213 715 000
Percentage of Shares Shorted 0.43%

Company Profile

First Capital Real Estate Investment Trust Logo
First Capital Real Estate Investment Trust

Country

Canada

Industry

Real Estate

Market Cap

3.2B CAD

Dividend Yield

0%

Description

First Capital Real Estate Investment Trust operates as a real estate investment trust. The company is headquartered in Toronto, Ontario and currently employs 341 full-time employees. FCR operates through three segments: Eastern, which includes operations primarily in Quebec and Ottawa; Central, which includes the FCR's Ontario operations excluding Ottawa; and Western, which includes operations in Alberta and British Columbia. FCR's portfolio includes approximately 150 Canadian properties, totaling approximately 23.5 million square feet of gross leasable area. FCR's 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 and Edmonton Brewery District, King High Line, York Mills Gardens, False Creek Village, Carre Lucerne, Shops at New West, Wilderton Centre, The Olive, One Bloor East, 775 King Street West, The Devenish and Chartwell Shopping Centre.

Contact

ONTARIO
TORONTO
King Liberty Village, 85 Hanna Avenue, Suite 400
+14165044114.0
https://fcr.ca/

IPO

1994-03-29

Employees

341

Officers

Pres, CEO & Trustee
Mr. Adam E. Paul C.A., CPA, CPA
Exec. VP of Enterprise Strategies & CFO
Mr. Neil William Edward Downey C.A., C.F.A., CPA
Exec. VP & COO
Mr. Jordan Robins
Sr. VP, Gen. Counsel & Corp. Sec.
Ms. Alison Harnick
Sr. VP of Leasing
Mr. Carmine Francella
Chief Accounting Officer
Ms. Elle Agourias
Show More
Chief Information Officer
Mr. Simon Streeter
VP of Fin.
Mr. Ryan Ng
Sr. VP of Brand & Culture
Ms. Michele Walkau
Exec. Officer
Ms. Beatrice Ho
Show Less

See Also

Similar Stocks
What is the Intrinsic Value of one FCR.UN stock?

The intrinsic value of one FCR.UN stock under the Base Case scenario is 19.43 CAD.

Is FCR.UN stock undervalued or overvalued?

Compared to the current market price of 15.2 CAD, First Capital Real Estate Investment Trust is Undervalued by 22%.