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Climbing Property Values Add $192 Million to First Capital’s Profit in Second Quarter

Grocery-Anchored REIT Reports Strong Lease Renewals, Rent Gains
First Capital Real Estate Investment Trust is seeing strong property value gains in its grocery-anchored portfolio, which includes centres such as Seton Gateway in Calgary, Alberta. (CoStar)
First Capital Real Estate Investment Trust is seeing strong property value gains in its grocery-anchored portfolio, which includes centres such as Seton Gateway in Calgary, Alberta. (CoStar)
CoStar News
August 5, 2021 | 9:31 P.M.

First Capital Real Estate Investment Trust’s urban portfolio of grocery-anchored and mixed-use properties produced solid second-quarter results as leasing, rents and property values increased. And that has the company thinking about selling some real estate.

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