With a mixed history of earnings surprises, investors are eager to see how First Capital REIT performs in its upcoming report.
First Capital Real Estate Investment Trust (FCR-UN.TO) is set to release its second-quarter earnings report on July 27, 2026, after market close. As a major player in the retail REIT sector, this report is highly anticipated due to the companyโs recent performance trends and the broader economic context affecting retail real estate in Canada.
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
$4.84B
P/E
4.7x
Div. yield
3.95%
Div. / share
$0.90
52W high
$23.53
52W low
$17.68
1W change
-0.57%
Beta
0.89
Analyst Price Targets
Based on analyst covering FCR-UN
Wall Street analysts forecast FCR-UN stock price to rise 7.4% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$24.36
+7.4% Upside
Current Price
C$22.68
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
6.6%
Annualized
90-Day Vol
8.4%
Annualized
Trend (90d)
-11.1%
Annualized drift
90d Mean
C$21.79
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$22.38 | C$21.87 โ C$22.90 |
| 60 trading days | C$22.09 | C$21.38 โ C$22.81 |
| 90 trading days | C$21.79 | C$20.95 โ C$22.68 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: Limited โ 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 |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-05 | 0.4288 | โ | โ |
| 2025-12-31 | 2026-02-10 | 3.9987 | โ | โ |
| 2025-09-30 | 2025-11-04 | 0.3100 | โ | โ |
| 2025-06-30 | 2025-07-29 | 0.2956 | โ | โ |
| 2025-03-31 | 2025-05-06 | 0.3936 | โ | โ |
| 2024-12-31 | 2025-02-11 | 0.1497 | โ | โ |
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Investor takeaway: Keep an eye on First Capital's upcoming earnings report; it could offer insights into the stability of its retail portfolio and how ongoing market dynamics might impact it.
First Capital's Market Cap Stands at CA$4.87 Billion
With a P/E ratio of 4.53 and a profit margin of 148.27%, First Capital is seen as a value play in the retail REIT sector. However, investors should consider these metrics in light of the broader market conditions.
Bull case
First Capital has a history of exceeding earnings estimates, with two out of the last four quarters showing positive surprises. This trend suggests the company might perform well in the upcoming report, especially given its strategic positioning in high-demand retail locations.
Bear case
Despite its past successes, the lack of analyst coverage and consensus estimates for the upcoming quarter raises concerns about how predictable First Capital's performance will be. Additionally, the challenging retail environment could impact occupancy rates and rental income.
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Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
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