One of Canada's largest publicly traded retail landlords is looking to sell $1 billion of retail properties to improve its balance sheet, a move that comes one week after First Capital REIT doubled its distribution.
First Capital To Sell $1 Billion in Property in Next Two Years To Shore Up Balance Sheet
Toronto-Based REIT's Decision To Move Low-Yielding Real Estate Comes One Week After Hiking Its Distribution to Pre-Pandemic Level
By Garry Marr
CoStar News
September 23, 2022 | 7:50 P.M.
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IN THIS ARTICLE
- Properties
- Companies
- First Capital REIT
Real Estate