TSE:FCR

First Capital Realty (FCR.TO)

20.86
-0.00 (0.00%)
as of Dec 27, 2019, 5:00:00 am Market Open.
124 watching
0
BUY
High quality neighbourhood shopping centres that are grocery or drug store anchored. At these levels probably offers a 10% total return. Management owns 52% of the company. Great assets. Stand to benefit a little bit from Target (TGT-N) coming in to Canada but Zellers isn’t a huge tenant for them. Good quality name.
BUY
Great managers and they take on assets and squeeze out a lot of the returns. Deal a lot with community open shopping centres. Trades at about a 10% premium to NAV. Last couple of quarters has been very good for them. Also likes their debt. About 6% yield.
TOP PICK
Spend a lot of money redeveloping older properties. Strong group. Management has a lot of stock and gradually growing their income. They are reinvesting a lot instead of distributing.
BUY
Shopping centres. Slow growth but he likes them a lot. Very good management. Top people in Canada and are backed up by a global group. Long-term hold.
BUY
Management team second to none. Big beneficiary of Target coming to Canada. They delivered, are conservative. In major urban centers.
BUY ON WEAKNESS
Shopping centres inside communities. Very good name but the chart is looking a little tired. Buy this for the long term. Conservative and good balance sheet.
BUY ON WEAKNESS
Will probably generate 10% total return. Great management team owns 52% of stock. Wants to see weakness before buying more for his position.
BUY
Very high quality name, grocery and drug store anchored shopping plazas. Do development so there is growth. High quality properties. Attractive dividend. You can sleep when you own this name.
PAST TOP PICK
(A Top Pick Sept 3/09. Up 42%.) Urban shopping centres with stable tenants such as banks. Very professional management. Low pay out ratio. 5.1% yield. Still a Hold.
TOP PICK
Strong upward move in the chart that indicates a hunt for yield. Also there is a shrinking income trust sector. Likes what they have done in reclaiming, re-modeling and redeveloping strip malls to make the more interesting destinations. 5.25% yield.
PAST TOP PICK
(A Top Pick Sept 3/09. Up 32.07%.) Wonderful hands on management.
TOP PICK
Grocery, drug store and retail anchored. Rock solid cash flow. Did very well in the downturn. 5.73% yield.
TOP PICK
(A Top Pick Aug 10/09. Down 38.5%.) Very disciplined. Low pay out ratio. Shopping centres are a relatively low risk.
TOP PICK
Looking for 12% equity return. Worth about $15.25. Great tenant roster including Tim Horton's, banks, Loblaws, Sobeys, etc. with 96% occupancy.
PAST TOP PICK
(Top Pick Jun 25/09, UP 42% including distributions) Shopping centers are in the middle of the community. Managers bring a very strong discipline. Aggressive in management. Likes them a lot. Split a little while ago. Did an issue. Were added to an index on the TSX, which put volume up.
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