Bullboard - Stock Discussion Forum 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... see more

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TSX:FCR.UN - Post Discussion

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

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Post by Possibleidiot01 on Nov 30, 2023 3:23pm

Andrew Moffs - BNN - PAST TOP PICK

PAST TOP PICK

(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?

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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Comment by retiredcf on Dec 01, 2023 7:13am

First stock in the clip. GLTA https://www.bnnbloomberg.ca/video/andrew-moffs-past-picks~2818760

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Comment by retiredcf on Dec 01, 2023 7:28am

After his top picks, he put in another plug for FCR.UN when discussing the REIT sector as a whole and how it should respond once interest rates begin to drop. GLTA https://www.bnnbloomberg.ca/video/andrew-moffs-top-picks~2818798

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First Capital Real Estate Investment Trust