First Capital Real Estate Investment Trust

TSX:FCR.UN Stock Report

Market Cap: CA$3.6b

First Capital Real Estate Investment Trust Balance Sheet Health

Financial Health criteria checks 1/6

First Capital Real Estate Investment Trust has a total shareholder equity of CA$4.0B and total debt of CA$4.2B, which brings its debt-to-equity ratio to 103.3%. Its total assets and total liabilities are CA$9.2B and CA$5.1B respectively. First Capital Real Estate Investment Trust's EBIT is CA$422.0M making its interest coverage ratio 2.8. It has cash and short-term investments of CA$67.1M.

Key information

103.3%

Debt to equity ratio

CA$4.16b

Debt

Interest coverage ratio2.8x
CashCA$67.14m
EquityCA$4.02b
Total liabilitiesCA$5.14b
Total assetsCA$9.17b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: FCR.UN's short term assets (CA$692.4M) do not cover its short term liabilities (CA$808.9M).

Long Term Liabilities: FCR.UN's short term assets (CA$692.4M) do not cover its long term liabilities (CA$4.3B).

Debt to Equity History and Analysis

Debt Level: FCR.UN's net debt to equity ratio (101.7%) is considered high.

Reducing Debt: FCR.UN's debt to equity ratio has reduced from 118.6% to 103.3% over the past 5 years.

Debt Coverage: FCR.UN's debt is not well covered by operating cash flow (5.9%).

Interest Coverage: FCR.UN's interest payments on its debt are not well covered by EBIT (2.8x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:03
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First Capital Real Estate Investment Trust is covered by 20 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael MarkidisBMO Capital Markets Equity Research
Karine MacIndoeBMO Capital Markets Equity Research
Mark RothschildCanaccord Genuity