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First Capital Real Estate Investment Trust T.FCR.UN

Alternate Symbol(s):  FCXXF

First Capital Real Estate Investment Trust is a Canada-based open-ended mutual fund trust. The Company owns, operates and develops grocery-anchored, open-air centers in neighborhoods with various demographics in Canada. The Company targets specific urban and suburban neighborhoods, which are located in Toronto, Montreal, Vancouver, Edmonton, Calgary, and Ottawa. Its portfolio of 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, Edmonton Brewery District, King High Line, York Mills Gardens, False Creek Village, Carre Lucerne, Shops at New West, Wilderton Centre, One Bloor East, 775 King Street West, Yorkville Village, 78-100 Yorkville Avenue, 101 Yorkville Avenue, and 102-108 Yorkville Avenue. Its properties also include 897-901 Eglinton Avenue West, Griffintown-100 Peel, and Griffintown-1000 Wellington Street, among others.


TSX:FCR.UN - Post by User

First Capital Real Estate Investment Trust > Andrew Moffs - BNN - PAST TOP PICK
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Post by Possibleidiot01on Nov 30, 2023 3:23pm
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Post# 35761902

Andrew Moffs - BNN - PAST TOP PICK

Andrew Moffs - BNN - PAST TOP PICK
PAST TOP PICK

First Capital Realty(FCR-T)

30/11/2023
First Capital Realty
 
(A Top Pick Nov 29/22, Down 15%)

Highest quality globally of grocery-anchored shopping centres. 40% discount to NAV. Activism has been an overhang. Defensive, fundamentals couldn't be better. Keep holding.

property mngmnt / investment
 
N/A
Owned

COMMENT

Sectors that will shine if interest rates have peaked?(A Commentary)

30/11/2023
A Comment -- General Comments From an Expert
 
Sectors that will shine if interest rates have peaked?

Lower interest costs will be a tailwind for everybody in real estate, but it comes down to fundamentals. Where is demand exceeding supply? Look to apartments in Alberta with no rent controls, industrial warehouse globally, manufactured housing in the US. 

Probably the best setup is grocery-anchored shopping centres in Canada. Defensive, cashflow is going higher, population growing, interest costs going down.

Unknown
 


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