First Capital REIT Reports Q3 FFO of $0.36, Exceeding Expectations
First Capital Real Estate Investment Trust (FCR.UN) reported third-quarter Funds From Operations (FFO) of $0.36 per unit, surpassing analyst estimates by $0.02. The results were bolstered by a 5.6% growth in Same Property Net Operating Income (NOI), excluding bad debt recoveries and lease termination fees. The REIT demonstrated strong operational momentum with a 13.2% increase in lease renewal lift driven by high leasing volumes. Additionally, the total portfolio maintained a robust occupancy rate of 96.9%, signaling stable demand across its retail real estate holdings.
Topics: earnings report FFO NOI growth occupancy rates
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