FCXXF (First Capital REIT) FFO: $704.1 Mil (TTM As of Mar. 2026)

What is First Capital REIT FFO?

First Capital REIT FCXXF +0.91% 70 FFO is $704.1 Mil as of Mar. 2026. GuruFocus rates FCXXF with a GF Score™ of 70/100 and a GF Value™ of $12.72 (Modestly Overvalued). The stock has 7 warning signs investors should review.

FFO (Funds from operations) is a measure of cash generated by by real estate investment trusts (REITs).

First Capital REIT's FFO (Funds from operations) for the three months ended in Mar. 2026 was $43.3 Mil.

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First Capital REIT FFO Historical Data

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The historical data trend for First Capital REIT's FFO can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Capital REIT FFO Chart

First Capital REIT Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

FFO

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141.19

196.10

231.50

142.08

720.98

First Capital REIT Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
FFO	Get a 7-Day Free Trial															58.16	45.95	25.89	588.97	43.34

70GF Score

First Capital REIT FCXXF

FFO is just one metric. See GF Score™, valuation, warning signs, and more.

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First Capital REIT FFO Calculation

FFO (Funds from operations) is a measure of cash generated by by real estate investment trusts (REITs). It is different from Cash Flow from Operations.

GuruFocus' FFO (Funds from operations) data is provided directly by our data vendor. Instead of collecting data from a company's financial reports, the vendor calculates FFO based on its own methodology.

FFO for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $704.1 Mil.

Frequently Asked Questions Learn more about FFO →

What does a FFO of $704.1 Mil mean?

First Capital REIT (FCXXF) has a FFO of $704.1 Mil as of Mar. 2026. Funds from Operations represent the total amount of cash a REIT generates through its operations. View historical data for First Capital REIT and its competitors.

Is First Capital REIT's FFO too high?

First Capital REIT's current FFO is $704.1 Mil. Overall, First Capital REIT has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does First Capital REIT's FFO compare to SPG and O?

First Capital REIT's FFO of $704.1 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good FFO for a REITs company?

A good FFO depends on the REITs industry context. However, FFO should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high FFO mean?

A high FFO can signal that a stock is expensive relative to its fundamentals. Funds from Operations represent the total amount of cash a REIT generates through its operations. View historical data for First Capital REIT and its competitors. First Capital REIT's current FFO is $704.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is First Capital REIT stock overvalued right now?

Based on GuruFocus' analysis, First Capital REIT (FCXXF) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.72, compared to a current price of $16.36 — trading 28.6% above its estimated fair value. The current FFO is $704.1 Mil. First Capital REIT's overall GF Score™ is 70/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is FFO calculated?

FFO is calculated from a company's financial statements. For First Capital REIT (FCXXF), the current FFO is $704.1 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Capital REIT (FCXXF) Overvalued in 2026?

Based on GuruFocus' analysis, First Capital REIT stock appears to be overvalued. The current stock price of $16.36 is trading 28.6% above its estimated GF Value™ of $12.72. GuruFocus considers First Capital REIT to be Modestly Overvalued.

Key valuation signals for FCXXF:

FFO: $704.1 Mil
GF Value™: $12.72 vs. price of $16.36 (28.6% above fair value)
GF Score™: 70/100 with 7 warning signs

No single metric tells the full story. See the FCXXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

First Capital REIT Business Description

Industry Real Estate REITs

Comparable Companies TSX:SRU.UN TSX:CRT.UN TSX:REI.UN TSX:PMZ.UN TSX:SGR.UN TSX:PLZ.UN TSX:FCD.UN TSX:CHP.UN SPG O XPAR:URW KIM ASX:SCG REG SGX:C38U HKSE:00823 XPAR:LI FRT BRX ADC

Other Exchanges Z0H:Germany FCR.UN:Canada

Address 85 Hanna Avenue, Suite 400, King Liberty Village, Toronto, ON, CAN, M6K 3S3

Website https://www.fcr.ca

First Capital REIT is a developer, owner and operator of grocery-anchored, open-air centres in neighbourhoods in Canada's populated centres. The company's focus is on creating thriving neighbourhoods that create value for businesses, residents, communities and investors.

70GF Score

Get the complete analysis for FCXXF

FFO is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$16.36

Price

$12.72

GF Value

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