First Capital Real Estate Investment Trust

TSX:FCR.UN Stock Report

Market Cap: CA$3.6b

First Capital Real Estate Investment Trust Past Earnings Performance

Past criteria checks 1/6

First Capital Real Estate Investment Trust's earnings have been declining at an average annual rate of -36.1%, while the Retail REITs industry saw earnings growing at 2.6% annually. Revenues have been growing at an average rate of 0.2% per year. First Capital Real Estate Investment Trust's return on equity is 8.6%, and it has net margins of 46.4%.

Key information

-36.1%

Earnings growth rate

-36.0%

EPS growth rate

Retail REITs Industry Growth21.2%
Revenue growth rate0.2%
Return on equity8.6%
Net Margin46.4%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How First Capital Real Estate Investment Trust makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSX:FCR.UN Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24746347610
30 Jun 24731-62480
31 Mar 24774-108460
31 Dec 23756-134480
30 Sep 23716-265510
30 Jun 23716-143540
31 Mar 23715-156470
31 Dec 22712-160400
30 Sep 22704-174350
30 Jun 22695213310
31 Mar 22688467410
31 Dec 21684460470
30 Sep 21684469430
30 Jun 21676299400
31 Mar 2167197360
31 Dec 206763220
30 Sep 20688158250
30 Jun 20723212280
31 Mar 20753283300
31 Dec 19777401380
30 Sep 19783273380
30 Jun 19778339370
31 Mar 19797340370
31 Dec 18784344370
30 Sep 18786354370
30 Jun 18795306380
31 Mar 18772495370
31 Dec 17765633360
30 Sep 17756616370
30 Jun 17730621360
31 Mar 17717519360
31 Dec 16707383350
30 Sep 16694364330
30 Jun 16687300340
31 Mar 16683225340
31 Dec 15683204360
30 Sep 15680210350
30 Jun 15684224350
31 Mar 15674207330
31 Dec 14666197310
30 Sep 14663200310
30 Jun 14650202310
31 Mar 14647197310
31 Dec 13641215300

Quality Earnings: FCR.UN has a large one-off gain of CA$111.7M impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: FCR.UN became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FCR.UN's earnings have declined by 36.1% per year over the past 5 years.

Accelerating Growth: FCR.UN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: FCR.UN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Retail REITs industry (15.9%).

Return on Equity

High ROE: FCR.UN's Return on Equity (8.6%) is considered low.

Return on Assets

Return on Capital Employed

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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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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