First Capital Real Estate Investment Trust

Research First Capital Real Estate Investment Trust (FCR-UN) on Bullrun: valuation model: 205.4% undervalued, market cap CAD 4.91B, P/E 4.6, dividend yield 3.9%. Explore financials, valuation history, model signals, and stock context.

Key Metrics

• TickerFCR-UN
• ExchangeTO
• CountryCanada
• SectorReal Estate
• IndustryREIT - Retail
• CurrencyCAD
• Valuation signal205.4% undervalued
• Market capCAD 4.91B
• P/E4.6
• Dividend yield3.9%
• Financial periodQ4 2025
• RevenueCAD 185.38M
• Net incomeCAD 849.52M
• Free cash flowCAD 23.61M
• Gross margin63.0%

Valuation Snapshot

Bullrun's latest valuation model marks First Capital Real Estate Investment Trust as 205.4% undervalued; latest market cap is CAD 4.91B; P/E is 4.6; dividend yield is 3.9%.

About First Capital Real Estate Investment Trust

First Capital Real Estate Investment Trust is an unincorporated, open-ended mutual fund trust. First Capital owns and operates, acquires, and develops open-air grocery-anchored shopping centres in neighborhoods with the strongest demographics in Canada. The Trust is listed on the Toronto Stock Exchange. On November 24, 2025, the Trust's unitholders approved an internal tax reorganization that was completed by way of a plan of arrangement (the Arrangement).

Frequently asked questions

Is First Capital Real Estate Investment Trust overvalued or undervalued?

Bullrun's valuation model currently marks First Capital Real Estate Investment Trust as 205.4% undervalued.

What is First Capital Real Estate Investment Trust's market cap?

First Capital Real Estate Investment Trust's market capitalization is CAD 4.91B.

What is First Capital Real Estate Investment Trust's P/E ratio?

First Capital Real Estate Investment Trust's price-to-earnings (P/E) ratio is 4.6.

Does First Capital Real Estate Investment Trust pay a dividend?

First Capital Real Estate Investment Trust has a dividend yield of 3.9%.

What does First Capital Real Estate Investment Trust do?

First Capital Real Estate Investment Trust is an unincorporated, open-ended mutual fund trust. First Capital owns and operates, acquires, and develops open-air grocery-anchored shopping centres in neighborhoods with the strongest demographics in Canada.