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First Capital Real Estate Investment Trust (FCR-UN.TO) — chart, structure and Closelook read

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Company snapshot — First Capital Real Estate Investment Trust

FCR-UN.TO in five paragraphs: what it makes and sells, where it sits in the Closelook stack, who it is priced against, why we track it, what we watch. Research diary, not advice.

What it does
First Capital Real Estate Investment Trust owns, manages and develops open-air shopping centres anchored by grocery stores in Canadian neighbourhoods. It operates as a trust rather than a corporation, holding its properties through partnerships and other flow-through entities rather than a single operating company. The trust generates income from rents paid by grocery anchors and smaller retail tenants across its portfolio.
Where it sits in the stack
First Capital carries no seat in our index; it belongs to the retail-property sleeve of our wider real-estate universe rather than any AI build-out layer. Its business is landlord to grocery-anchored retail, unrelated to the compute, chip or data-centre chain the diary otherwise follows.
Who it is priced against
The diary has no assigned peer group for this name; the comparison the market draws is with RioCan, another Canadian grocery-anchored retail REIT.
Why Closelook tracks it
First Capital holds no index seat and carries no Closelook score, so the diary has not yet quoted it in any edition; coverage here rests only on the readings we log.
What the diary watches
Whether the recent internal reorganisation into flow-through partnerships changes how the trust reports its portfolio, and whether the unit price holds its distance from the 52-week high.

First Capital Real Estate Investment Trust (FCR-UN.TO) trades on the TO exchange in Canada, classified under Real Estate.

The Closelook company score reads 40/100 composite (momentum 61, quality 64, valuation 40) across 7 modules — the full breakdown, chart structure and analog history load live above.

Written from the company’s public profile and Closelook’s own readings, 2026-09-17. Descriptive, refreshed with the registry; corrections welcome via the imprint. closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: index compare · sector dispersion · scanner.

Signals for this name

Every Closelook reading that exists for FCR-UN.TO, from the same nightly bakes the boards use. Research diary readings, not advice.

Who it is priced against REIT - Retail · Canada · 4 names with week and year-to-date

Peer group

REIT - Retail · Canada

Names in the same industry from the Closelook universe; scored names rank on their Closelook score, the rest on trend state.

Compared against FCR-UN.TO on the nightly bakes; the Peers tab ranks the cohort on the Closelook scores where it exists.

Dividends and capital return trailing yield 4.02%, monthly · last 0.0760 CAD on 2026-08-31

Dividends and capital return

What FCR-UN.TO pays out and buys back — distributions read from the price series, money terms from the filings.

  • Trailing 12 months 0.90 CAD per share · a 4.02% yield on the 2026-09-18 close 12 distributions, paid monthly 2026-09-18
  • Change on the year +52.7% against the prior twelve months prior twelve months 0.59 CAD per share
  • Last distribution 0.0760 CAD per share as the price series records it, within days of the ex-date 2026-08-31
  • By calendar year 2025: 0.89 CAD · 2026: 0.61 CAD to date first distribution recorded in the three-year window: 2025-01-31
  • Dividends paid, FY2025 189 m CAD 6% of earnings
  • Share count +0.1% in FY2025 19 m CAD of stock-based compensation in the year
  • Capital returned 189 m CAD · 315% of free cash flow dividends and buybacks together, against the year’s free cash flow

Per-share amounts are derived from the adjusted price series in the listing currency, so dates sit within days of the ex-date; filing figures come from the fundamentals feed for the last reported fiscal year. An investment diary, not a recommendation.

Weather around the name 3 macro readings: Money Temperature, Factor regime, Sovereign pressure

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 50/100 · S&P 500 fund at 49, above its 50- and 200-day averagesEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-09-18
  • Factor regime Momentum leading — risk appetite buildingMomentum against low volatility (SPMO / SPLV): above its 50-day trend, 97th percentile of the window, +4.9% over 20 sessions. Factor regime → 2026-09-18
  • Sovereign pressure Index 0.07 · down 0.41 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-09-18

FAQ · from the current data · as of 2026-09-19

Quick answers

What is First Capital Real Estate Investment Trust (FCR-UN.TO)?

First Capital Real Estate Investment Trust trades as FCR-UN.TO on the TO exchange (Canada) and is classified under Real Estate in the Closelook research universe, as of the registry build of 2026-09-19.

Is FCR-UN.TO in a Closelook index?

Not currently — First Capital Real Estate Investment Trust is tracked in the Closelook research universe but is not a constituent of a Closelook functional index as of 2026-09-19.

What is First Capital Real Estate Investment Trust's Closelook composite score?

40 out of 100, with momentum 61, quality 64 and valuation 40 sub-scores, as of 2026-09-19. Scores are Closelook's own research readings, not ratings or investment advice.

Where does FCR-UN.TO trade against its moving averages?

Pullback inside an uptrend stack: Trades -1% vs the 50-day and +5.3% vs the 200-day average, 4% below the 52-week high and +27.7% off the 52-week low. Computed from daily closes. As of 2026-09-18 — a technical state from the nightly Closelook bake, not advice. The Technical tab carries the full row.

What does First Capital Real Estate Investment Trust do?

First Capital Real Estate Investment Trust owns, manages and develops open-air shopping centres anchored by grocery stores in Canadian neighbourhoods. It operates as a trust rather than a corporation, holding its properties through partnerships and other flow-through entities rather than a single operating company. The trust generates income from rents paid by grocery anchors and smaller retail tenants across its portfolio. The diary has no assigned peer group for this name; the comparison the market draws is with RioCan, another Canadian grocery-anchored retail REIT.

Where does First Capital Real Estate Investment Trust sit in the AI build-out?

First Capital carries no seat in our index; it belongs to the retail-property sleeve of our wider real-estate universe rather than any AI build-out layer. Its business is landlord to grocery-anchored retail, unrelated to the compute, chip or data-centre chain the diary otherwise follows. First Capital holds no index seat and carries no Closelook score, so the diary has not yet quoted it in any edition; coverage here rests only on the readings we log.

Does First Capital Real Estate Investment Trust pay a dividend?

First Capital Real Estate Investment Trust has paid 0.90 CAD per share over the last twelve months, paid monthly, a trailing yield of 4.02% on the 2026-09-18 close; the last distribution recorded in the price series was 0.0760 CAD on 2026-08-31. In fiscal 2025 the company paid 189 m CAD in dividends, 315% of that year’s free cash flow. The share count rose 0.1% over the fiscal year. The "Dividends and capital return" block on this page carries the lines.

What does this page show?

A live price chart with SMA overlays and drawing tools for FCR-UN.TO, performance metrics, index-membership context and the Closelook structure read — an investment research diary view, not investment advice.

Related in the Closelook universe

then REIT - Retail, then Real Estate. Scored names rank on their Closelook score; names without one rank on trend state — above or below their 50- and 200-day averages — never on a score they do not carry.