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First Capital Realty (TSE:FCR.UN)
TSX:FCR.UN
Holding TSE:FCR.UN?
Track your performance easily
Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.81Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 05, 2020
|% Change Since: -6.15%
|Next Earnings Date:Feb 11, 2020
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance in leasing and disposition activities, contributing to significant growth in operating funds from operations. However, higher interest rates have impacted NAV stability and increased interest expenses. The overall sentiment is positive, with optimism about future growth and strategic execution.Company Guidance
During the Q3 2024 earnings call for FCR.UN.TO, the management provided guidance highlighting strong financial performance and strategic progress. Key metrics included a 12.4% lease renewal spread and a 16.9% average rent increase throughout renewal terms, both exceeding long-term averages. Year-to-date adjusted operating funds from operations (OFFO) growth stood at 7%, surpassing the internal target of a 3% compound annual growth rate (CAGR) over three years. Dispositions achieved over $750 million with an average yield below 3%, enhancing the balance sheet. The REIT's net asset value (NAV) remained stable at approximately $22 per unit, despite minor impacts from higher interest rates. The management expects same-property net operating income (NOI) growth above 3% for 2025, driven by strong leasing fundamentals and rent escalations.Strong Leasing Performance
Portfolio occupancy and same-property NOI were both up. Lease renewal spread was 12.4% in Q3 with average net rent throughout the renewal term increasing by 16.9%.
Operating FFO Growth
Year-to-date headline OFFO is $1.04 versus $0.87 per unit, a 20% increase. Adjusted OFFO growth rate is approximately 7% after excluding nonrecurring items.
Successful Disposition Program
Closed or announced over $750 million in asset sales with average yield of less than 3% and a premium to IFRS values of over 20%.
Development Progress
Progress on Humbertown Shopping Center and other development projects like 1071 King Street and Yonge & Roselawn with targeted net-zero and LEED goals.
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TSE:FCR.UN Earnings History
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
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TSE:FCR.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | C$17.90 | C$17.71 | -1.06% |
| Jul 30, 2024 | C$16.10 | C$16.04 | -0.37% |
| Apr 30, 2024 | C$14.28 | C$14.38 | +0.70% |
| Feb 06, 2024 | C$15.25 | C$15.46 | +1.38% |
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.
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FAQ
When does First Capital Realty (TSE:FCR.UN) report earnings?
First Capital Realty (TSE:FCR.UN) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is First Capital Realty (TSE:FCR.UN) earnings time?
First Capital Realty (TSE:FCR.UN) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:FCR.UN EPS forecast?
Currently, no data Available
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