First Capital REIT

First Capital REIT: open-air, grocery-anchored shopping centres in Canada

First Capital REIT describes itself as an owner, operator and developer of open-air, grocery-anchored shopping centres located in Canadian urban neighbourhoods with the strongest demographics. The company also acquires this type of asset. Its business combines the management of an established real estate portfolio with the development of new retail and residential spaces.

The company reports 372 employees in Canada, a presence in 136 Canadian neighbourhoods and total assets of $9.3 billion. Its portfolio is concentrated in densely populated urban areas and growing districts.

Portfolio and neighbourhoods where it operates

The site lists a selection of neighbourhoods and centres that form part of its portfolio: Meadowvale Town Centre, Leaside Village, York Mills Gardens, Pemberton Plaza, Liberty Village, Bloor-Yorkville, Brewery District, Mount Royal Village and Griffintown.

Featured developments include Yonge & Roselawn (Toronto, Ontario; 563,900 square feet), Edenbridge Kingsway (Toronto, Ontario; 254,100 square feet), Humbertown Shopping Centre (Toronto, Ontario; 117,600 square feet), 1071 King Street West (Toronto, Ontario; 225,000 square feet), 320-332 Bloor Street West (Toronto, Ontario; 305,300 square feet), 2150 Lake Shore Boulevard West (Toronto, Ontario; 7,500,000 square feet) and 400 King Street West (Toronto, Ontario; 470,000 square feet).

Retail space leasing

The company offers units for lease within its portfolio, aimed at retailers looking to locate in high-growth Canadian neighbourhoods with strong purchasing power. The proposition targets retailers that want to be where their customers live and spend their time.

Sustainability and arts program

First Capital REIT states that over the past decade it has maintained a leadership position in sustainable practices applied to both new developments and existing properties, with the stated goal of reducing its carbon footprint.

The company also has an arts program through which it collaborates with cultural institutions to install innovative works in its neighbourhoods, seeing art as an expression of community values and a focal point for neighbours to come together.

Corporate structure and investor relations

The company is listed as a REIT and maintains a corporate governance structure with public information on financial reports, communications to unitholders, debentures, analyst coverage, distributions and taxation. It has dedicated investor resources and an email address for investor relations.

The company also states privacy policies, terms and conditions, accessibility and a supplier portal, as well as an email newsletter subscription program.

Presence in Canada

First Capital REIT operates from a head office in Toronto and has offices in Calgary, Montreal, Edmonton and Vancouver. The company also maintains an emergency call centre.

Offices and locations

Main office: 85 Hanna Ave, Suite 400 Toronto, ON M6K 3S3 · Phone: 416-504-4114 · Email: investorrelations@fcr.ca

Calgary office: 815 – 17th Avenue SW Suite 200 Calgary, AB, T2T 0A1 · Phone: 403-257-6888

Montreal office: Place Viau RDC 113, 7600 boul. Viau, Montreal, QC, H1S 2P3 · Phone: 514-332-0031

Edmonton office: 12068 – 104 Avenue Suite 301 Edmonton, AB, T5K 0K2 · Phone: 780-475-3695

Vancouver office: 800 Carnarvon St Suite 320 Vancouver, BC, V3M 0G3 · Phone: 1-866-774-3221