TSX:FCR.UNRetail REITs
First Capital REIT (TSX:FCR.UN) Stock Faces Revenue Growth And FFO Pressure
First Capital Real Estate Investment Trust spent the past month drifting slightly lower, yet the unit price now sits around CA$23 with investors facing a very different story inside the latest earnings. The headline is pressure on profitability. Quarterly funds from operations, the core cash yardstick for a REIT, came in at about CA$59.5m, well below the prior two quarters, while net income dropped back toward more ordinary levels after a very large one off gain over the past year.
The...