FIRST CAPITAL REAL ESTATE INVESTMENT TRUST

Company First Capital Real Estate Investment Trust

FCR.UN

CA31890B1031

Commercial REITs

Market Closed - Toronto S.E. Other stock markets 04:00:00 2026-03-06 pm EST			5-day change	1st Jan Change
21.21 ^CAD	+1.53%		-0.84%	+12.22%

Feb. 12	CIBC Raises First Capital Real Estate Investment Trust's Price Target to C$22.50 from C$22.00	MT
Feb. 11	First Capital Real Estate Investment Trust, Q4 2025 Earnings Call, Feb 11, 2026

Business description: First Capital Real Estate Investment Trust

First Capital Real Estate Investment Trust is a Canada-based open-ended mutual fund trust. The Company owns, operates and develops grocery-anchored, open-air centers in neighborhoods with various demographics in Canada. The Company targets specific urban and suburban neighborhoods, which are located in Toronto, Montreal, Vancouver, Edmonton, Calgary, and Ottawa. Its portfolio of properties include Shops at King Liberty, 3080 Yonge Street, 2150 Lake Shore Boulevard West, Avenue and Lawrence Assets, Bayside Village, Leaside Village, Olde Oakville Market Place, Rutherford Marketplace, Edmonton Brewery District, King High Line, York Mills Gardens, False Creek Village, Carre Lucerne, Shops at New West, Wilderton Centre, One Bloor East, 775 King Street West, Yorkville Village, 78-100 Yorkville Avenue, 101 Yorkville Avenue, and 102-108 Yorkville Avenue. Its properties also include 897-901 Eglinton Avenue West, Griffintown-100 Peel, and Griffintown-1000 Wellington Street, among others.

Number of employees: 372

Sales by Activity: First Capital Real Estate Investment Trust

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
REIT - Commercial	-	712M	756M	713M	714M

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Geographical breakdown of sales: First Capital Real Estate Investment Trust

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Canada	684M	712M	756M	713M	714M

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Executive Committee: First Capital Real Estate Investment Trust

Manager	Title	Age	Since
Adam Paul CEO	Chief Executive Officer	51	2015-02-15
Neil Downey DFI	Director of Finance/CFO	56	2021-01-30
Simon Streeter CTO	Chief Tech/Sci/R&D Officer	-	2022-02-28
Jordan Robins COO	Chief Operating Officer	55	2019-10-16
Carmine Francella PRN	Corporate Officer/Principal	-	-

See FIRST CAPITAL REAL ESTATE INVESTMENT TRUST governance

Composition of the Board of Directors: First Capital Real Estate Investment Trust

Director	Title	Age	Since
Ira Gluskin BRD	Director/Board Member	83	2023-02-06
Aladin Mawani BRD	Director/Board Member	74	2018-05-28
Annalisa King BRD	Director/Board Member	59	2016-11-08
Adam Paul BRD	Director/Board Member	51	2015-02-15
Leonard Abramsky BRD	Director/Board Member	64	2019-06-03
Gary Whitelaw BRD	Director/Board Member	70	2025-03-31
Paul Douglas CHM	Chairman	74	2023-02-06
Dayna Gibbs BRD	Director/Board Member	49	2023-04-10
Vivian Abdelmessih BRD	Director/Board Member	-	2025-03-31
Ian Clarke BRD	Director/Board Member	65	2021-06-20

Composition of the Board of Directors

Shareholders: First Capital Real Estate Investment Trust

Name	Equities	%	Valuation
RBC Global Asset Management, Inc. 12.61 %	26,779,995	12.61 %	389 M $
Middlefield Capital Corp. 0.4848 %	1,030,000	0.4848 %	15 M $
Nordea Investment Management AB 0.2975 %	632,050	0.2975 %	9 M $
Adam Paul 0.2573 %	546,620	0.2573 %	8 M $
Storebrand Asset Management AS 0.2329 %	494,754	0.2329 %	7 M $

List of FIRST CAPITAL REAL ESTATE INVESTMENT TRUST shareholders

Company details: First Capital Real Estate Investment Trust

First Capital Real Estate Investment Trust

85 Hanna Avenue

M6K 3S3, Toronto

+416 504 4114

http://www.fcr.ca

address First Capital Real Estate Investment Trust(FCR.UN)

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FIRST CAPITAL REAL ESTATE INVESTMENT TRUST	+1.53%	-0.84%	+24.47%	+25.95%	3.31B
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LINK REAL ESTATE INVESTMENT TRUST	+0.42%	-1.24%	+6.04%	-23.44%	12.72B
AGREE REALTY CORPORATION	+0.39%	+1.08%	+7.01%	+16.07%	9.75B
BRIXMOR PROPERTY GROUP INC.	-0.46%	-0.66%	+12.62%	+35.21%	9.22B
NNN REIT, INC.	+0.27%	-0.44%	+5.30%	+0.31%	8.57B
VICINITY CENTRES	-0.86%	-5.71%	+7.94%	+10.53%	7.46B
KITE REALTY GROUP TRUST	-0.35%	-1.07%	+14.99%	+22.19%	5.33B
Average	-0.28%	-1.38%	+10.72%	+19.47%	14.97B
Weighted average by Cap.	-1.34%	-2.38%	+10.90%	+33.76%