First Capital Real Estate Investment Trust has released its latest earnings report, revealing key metrics that provide insight into its operational performance and future prospects.
On July 27, 2026, First Capital Real Estate Investment Trust (FCR-UN) reported its second-quarter earnings for the fiscal period ending June 30, 2026. The results reflect a mixed performance amid changing market conditions, with significant developments impacting its financial health and operational strategy.
Recent earnings trend
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First Capital Real Estate Investment Trust
FCR-UN.TO
FCR-UN.TO
First Capital Real Estate Investment Trust
WealthAwesomeMarket cap
$4.87B
P/E
4.7x
Div. yield
3.95%
Div. / share
$0.90
52W high
$23.53
52W low
$17.68
1W change
-0.13%
Beta
0.89
Analyst Price Targets
Based on analyst covering FCR-UN
Wall Street analysts forecast FCR-UN stock price to rise 6.3% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$24.37
+6.3% Upside
Current Price
C$22.93
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on FCR-UN's historical volatility
30-Day Vol
10.0%
Annualized
90-Day Vol
16.4%
Annualized
Trend (90d)
-10.7%
Annualized drift
90d Mean
C$22.07
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$22.64 | C$21.87 – C$23.44 |
| 60 trading days | C$22.35 | C$21.29 – C$23.47 |
| 90 trading days | C$22.07 | C$20.79 – C$23.43 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: Limited — historical beat/miss data exists for 38 quarter(s), but no upcoming consensus.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-27 | 0.1122 | — | — |
| 2026-03-31 | 2026-05-05 | 0.4288 | — | — |
| 2025-12-31 | 2026-02-10 | 3.9987 | — | — |
| 2025-09-30 | 2025-11-04 | 0.3100 | — | — |
| 2025-06-30 | 2025-07-29 | 0.2956 | — | — |
| 2025-03-31 | 2025-05-06 | 0.3936 | — | — |
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Investor takeaway: Investors should closely monitor First Capital's occupancy rates, net income trends, and dividend sustainability as indicators of the REIT's resilience in the current economic landscape.
First Capital REIT Reports EPS of $0.11 Amid Mixed Financial Performance
Despite an EPS of $0.11, down from $0.30 in the previous year, the REIT's operating FFO per unit showed slight growth, indicating resilience in its core operations.
Bull case
The company has successfully renewed many leases and maintained high occupancy rates. This demonstrates its ability to attract and keep tenants even in a competitive retail environment.
Bear case
However, there has been a significant drop in net income, along with an impairment loss related to a key residential project. These factors raise concerns about the REIT's short-term profitability and strategic direction.
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