FCXXF (First Capital REIT) Long-Term Capital Lease Obligation : $6.1 Mil (As of Sep. 2024)

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What is First Capital REIT Long-Term Capital Lease Obligation?

First Capital REIT's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $6.1 Mil.

First Capital REIT's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($6.2 Mil) to Jun. 2024 ($6.1 Mil) but then increased from Jun. 2024 ($6.1 Mil) to Sep. 2024 ($6.1 Mil).

First Capital REIT's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($6.9 Mil) to Dec. 2022 ($6.0 Mil) but then increased from Dec. 2022 ($6.0 Mil) to Dec. 2023 ($6.3 Mil).

First Capital REIT Long-Term Capital Lease Obligation Historical Data

The historical data trend for First Capital REIT's Long-Term Capital Lease Obligation 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.

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First Capital REIT Long-Term Capital Lease Obligation Chart

First Capital REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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7.62

7.37

6.88

5.99

6.29

First Capital REIT Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															6.24	6.29	6.22	6.08	6.14

First Capital REIT (OTCPK:FCXXF) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

First Capital REIT Long-Term Capital Lease Obligation Related Terms

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First Capital REIT Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » First Capital REIT (OTCPK:FCXXF) » Definitions » Long-Term Capital Lease Obligation

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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.