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First Capital Realty (TSE:FCR.UN)
TSX:FCR.UN
Canadian Market
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First Capital Realty (FCR.UN) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Feb 10, 2026
After Close (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
Last Year’s EPS
0.15
Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Nov 04, 2025|
% Change Since:
|
Earnings Call Sentiment|Positive
The earnings call highlighted strong operational performance with robust same-property NOI growth and high occupancy levels. In-place net rental rates reached an all-time high, and successful lease renewals were achieved. Progress on the strategic plan is positive, with several notable property dispositions. However, there were declines in operating FFO and interest income, as well as valuation losses on residential development properties. Some restructuring costs were also noted.
Company Guidance
During the Q3 2025 conference call for First Capital REIT, the company reported strong financial and operational performance metrics. Same-property cash NOI increased by 6.4% in the third quarter, excluding lease termination fees and bad debt expenses. Occupancy was stable at 97.1%, while average in-place net rental rates reached an all-time high of over $24.50 per square foot. The renewal of approximately 550,000 square feet at a 13% rent increase and new leasing of 150,000 square feet further contributed to growth. The REIT's operating FFO per unit had a CAGR of approximately 5% over the first 21 months of their 3-year strategic plan. Debt to EBITDA improved to the low 9s, with expectations for further improvement. Despite a slight decrease from the previous quarter, Q3 operating FFO was $72 million. The REIT's NAV per unit increased to $22.29, with capital investments totaling $160 million year-to-date. The company expects same-property NOI growth of at least 5% for 2025, indicating robust ongoing performance.
Strong Same-Property NOI Growth
Same-property cash NOI grew by 6.4% in Q3, excluding lease termination fees and bad debt expense. Year-to-date growth is 6%, exceeding initial expectations.
High Occupancy Rate
Occupancy levels remained strong at 97.1%, slightly down from a record high of 97.2% in Q2.
Record In-Place Net Rental Rate
The average in-place net rental rate reached an all-time high of over $24.50 per square foot.
Successful Lease Renewals
Renewed approximately 550,000 square feet at an average year 1 renewal rent increase of over 13%. Overall, 75% of renewed leases included contractual rent escalations.
Positive Strategic Plan Progress
The 3-year strategic plan is on track, with operating FFO per unit CAGR at approximately 5%, and debt-to-EBITDA improved to the low 9s.
Notable Dispositions
Sold several properties, including Place Anjou in Montreal at a 30% premium over IFRS value.

First Capital Realty (TSE:FCR.UN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

TSE:FCR.UN Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Feb 10, 2026
2025 (Q4)
- / -
0.15
Nov 04, 2025
2025 (Q3)
- / 0.31
0.38-18.42% (-0.07)
Jul 29, 2025
2025 (Q2)
- / 0.30
0.08275.00% (+0.22)
May 06, 2025
2025 (Q1)
- / 0.39
0.3511.43% (+0.04)
Feb 11, 2025
2024 (Q4)
- / 0.15
0.81-81.48% (-0.66)
Oct 29, 2024
2024 (Q3)
- / 0.38
-1.53124.84% (+1.91)
Jul 30, 2024
2024 (Q2)
- / 0.08
-0.14157.14% (+0.22)
Apr 30, 2024
2024 (Q1)
- / 0.35
0.2352.17% (+0.12)
Feb 06, 2024
2023 (Q4)
- / 0.81
0.2305.00% (+0.61)
Oct 31, 2023
2023 (Q3)
- / -1.53
-0.95-61.05% (-0.58)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

TSE:FCR.UN Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 04, 2025
C$18.52C$19.01+2.65%
Jul 29, 2025
C$18.26C$18.59+1.81%
May 06, 2025
C$16.75C$16.98+1.37%
Feb 11, 2025
C$16.16C$16.04-0.74%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does First Capital Realty (TSE:FCR.UN) report earnings?
First Capital Realty (TSE:FCR.UN) is schdueled to report earning on Feb 10, 2026, After Close (Confirmed).
    What is First Capital Realty (TSE:FCR.UN) earnings time?
    First Capital Realty (TSE:FCR.UN) earnings time is at Feb 10, 2026, After Close (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
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          What is TSE:FCR.UN EPS forecast?
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