First Capital Real Estate Investment Trust (TSE:FCR.UN) Third Quarter 2022 Results
Key Financial Results
Revenue: CA$177.0m (up 5.6% from 3Q 2021).
Funds from operations (FFO): CA$66.6m (up 13% from 3Q 2021).
FFO margin: 38% (up from 35% in 3Q 2021).
FFO per share: CA$0.3 (up from CA$0.27 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
First Capital Real Estate Investment Trust Earnings Insights
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.1% growth forecast for the REITs industry in Canada.
Performance of the Canadian REITs industry.
The company’s shares are up 4.8% from a week ago.
Don’t forget that there may still be risks. For instance, we’ve identified 3 warning signs for First Capital Real Estate Investment Trust (2 are significant) you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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