Bullboard - Stock Discussion Forum First Capital Real Estate Investment Trust FCXXF

Primary Symbol: T.FCR.UN

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... see more

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TSX:FCR.UN - Post Discussion

First Capital Real Estate Investment Trust > Andrew Moffs - BNN - TOP PICK

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Post by Possibleidiot01 on Jan 31, 2023 4:12am

Andrew Moffs - BNN - TOP PICK

TOP PICK

It owns retail shopping centres across Canada focused on grocery and pharmacy and is in the best markets. The strength and quality of its tenants is good and it has one of the best shopping centre portfolios globally. It trades at a great discount to the private market value of its real estate net asset value. He agrees with the company's estimate of a share price of $23. Has had some shareholder activism lately and he is hopeful for a strategic review. Yield is 4.7%. Buy 4 Hold 3 Sell 1.

(Analysts’ price target is $18.71)

property mngmnt / investment

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