TSX:FCR.UNRetail REITs
First Capital REIT (TSX:FCR.UN) Turns Profitable, Undercutting Bearish Sentiment on Earnings Quality
First Capital Real Estate Investment Trust (TSX:FCR.UN) has just posted a notable turnaround by achieving profitability, even as earnings have declined by 13.2% per year over the last five years. Revenue is forecast to grow at just 2% per year, underperforming the broader Canadian market’s expected 5.1% growth rate. However, the company’s net profit margin has improved from last year and reported earnings are regarded as high quality.
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