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First Capital REITFCXXF 70 Return-on-Tangible-Asset is 1.02% as of Jun. 2026, which is 72% below its 10-year median of 3.63. GuruFocus rates FCXXF with a GF Score™ of 70/100 and a GF Value™ of $12.89 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 926 REITs companies, First Capital REIT ranks better than 88.01% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. First Capital REIT's annualizedNet Income for the quarter that ended in Jun. 2026 was $69.0 Mil. First Capital REIT's average total tangible assets for the quarter that ended in Jun. 2026 was $6,737.4 Mil. Therefore, First Capital REIT's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 1.02%.
The historical rank and industry rank for First Capital REIT's Return-on-Tangible-Asset or its related term are showing as below:
FCXXF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.63 Med: 3.63 Max: 11.56
Current: 11.1
During the past 13 years, First Capital REIT's highest Return-on-Tangible-Asset was 11.56%. The lowest was -1.63%. And the median was 3.63%.
FCXXF's Return-on-Tangible-Asset is ranked better than 88.01% of 926
companies
in the REITs industry
Industry Median: 3.295
vs FCXXF: 11.10
First Capital REIT (OTCPK:FCXXF) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
First Capital REIT Return-on-Tangible-Asset Related Terms
First Capital REIT Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for First Capital REIT's Return-on-Tangible-Asset 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.
FCXXF vs SPG, O, KIM: Return-on-Tangible-Asset Comparison
For the REIT - Retail subindustry, First Capital REIT's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, First Capital REIT's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where First Capital REIT's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.02% mean?
First Capital REIT (FCXXF) has a Return-on-Tangible-Asset of 1.02% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on First Capital REIT and its competitors. This is 72% below median its historical median of 3.63. According to the industry distribution chart, First Capital REIT ranks #111 out of 926 companies in the REITs industry, placing it in the top 12%.
Is First Capital REIT's Return-on-Tangible-Asset too high?
First Capital REIT's current Return-on-Tangible-Asset of 1.02% is 72% below median its 10-year median of 3.63. The REITs industry median Return-on-Tangible-Asset is 3.30. First Capital REIT's value of 1.02% is 69% below this industry median. Based on the distribution chart, First Capital REIT ranks #111 out of 926 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 Return-on-Tangible-Asset compare to SPG and O?
According to the REITs industry distribution chart, First Capital REIT ranks #111 out of 926 companies for Return-on-Tangible-Asset. This places First Capital REIT in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.30. First Capital REIT's value of 1.02% is 69% below this benchmark. While the company's 10-year median is 3.63 vs. the industry median of 3.30, First Capital REIT has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.30, based on 926 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Capital REIT's current Return-on-Tangible-Asset of 1.02% is 69% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on First Capital REIT and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Capital REIT's current Return-on-Tangible-Asset is 1.02%, which is 72% below median its own 10-year median of 3.63. 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 $12.89, compared to a current price of $16.27 — trading 26.2% above its estimated fair value. The current Return-on-Tangible-Asset is 1.02%, which is 72% below median its 10-year median of 3.63 and 69% below the REITs industry median of 3.30. First Capital REIT's overall GF Score™ is 70/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For First Capital REIT (FCXXF), the current Return-on-Tangible-Asset is 1.02% as of Jun. 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 $16.27 is trading 26.2% above its estimated GF Value™ of $12.89.
GuruFocus considers First Capital REIT to be Modestly Overvalued.
Key valuation signals for FCXXF:
Return-on-Tangible-Asset: 1.02% (72% below median its 10-year median of 3.63)
GF Value™: $12.89 vs. price of $16.27 (26.2% above fair value)
Industry Position: 69% below the REITs median (#111 of 926)
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 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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