FCXXF (First Capital REIT) Moat Score: 5/10 (As of Jul. 08, 2026)


FCXXF First Capital REIT FCXXF
70 GF Score
Price $16.36
GF Value $12.64
Valuation Modestly Overvalued
! 7 Warning Signs
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What is First Capital REIT Moat Score?

First Capital REIT FCXXF +0.91% 70 Moat Score is 5 as of Jul. 08, 2026. GuruFocus rates FCXXF with a GF Score™ of 70/100 and a GF Value™ of $12.64 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 982 REITs companies, First Capital REIT ranks better than 95.01% on this metric.

First Capital REIT has the Moat Score of 5, which implies that the company might have Narrow Moat - Solid narrow moat.

First Capital REIT has Narrow Moat: First Capital REIT has a solid narrow moat due to its strategic property locations and moderate brand strength. However, it lacks significant customer switching costs and network effects. Regulatory barriers provide some protection, but not enough for a wide moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes First Capital REIT might have Narrow Moat - Solid narrow moat.

First Capital REIT  (OTCPK:FCXXF) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

First Capital REIT Moat Score Related Terms

FCXXF vs SPG, O, KIM: Moat Score Comparison

For the REIT - Retail subindustry, First Capital REIT's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

First Capital REIT Moat Score vs REITs Industry

For the REITs industry and Real Estate sector, First Capital REIT's Moat Score distribution charts can be found below:

* The bar in red indicates where First Capital REIT's Moat Score falls into.


FCXXF
70GF Score
First Capital REIT FCXXF
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 5 mean?
First Capital REIT (FCXXF) has a Moat Score of 5 as of Jul. 08, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, First Capital REIT ranks #49 out of 982 companies in the REITs industry, placing it in the top 5%.
Is First Capital REIT's Moat Score too high?
First Capital REIT's current Moat Score is 5. Based on the distribution chart, First Capital REIT ranks #49 out of 982 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. 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 Moat Score compare to SPG and O?
According to the REITs industry distribution chart, First Capital REIT ranks #49 out of 982 companies for Moat Score. This places First Capital REIT in the top 5% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a REITs company?
A good Moat Score depends on the REITs industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. First Capital REIT's current Moat Score is 5. 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 $12.64, compared to a current price of $16.36 — trading 29.4% above its estimated fair value. The current Moat Score is 5. 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 Moat Score calculated?
Moat Score is calculated from a company's financial statements. For First Capital REIT (FCXXF), the current Moat Score is 5 as of Jul. 08, 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 29.4% above its estimated GF Value™ of $12.64. GuruFocus considers First Capital REIT to be Modestly Overvalued.

Key valuation signals for FCXXF:

  • Moat Score: 5
  • GF Value™: $12.64 vs. price of $16.36 (29.4% 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 EstateREITs
Other Exchanges Z0H:GermanyFCR.UN:Canada
Address 85 Hanna Avenue, Suite 400, King Liberty Village, Toronto, ON, CAN, M6K 3S3
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

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

$16.36
Price
$12.64
GF Value