First Capital Realty Posts Strong Q1 Results

First Capital Realty (TSE:FCR.UN) has released an update.

First Capital Real Estate Investment Trust reported a robust first quarter in 2024, with a notable increase in operating FFO per unit to $0.36 and an 11% lease renewal spread, signaling strong leasing performance. The company also improved its Net Debt to EBITDA ratio to 9.3x, reflecting a solid balance sheet and effective capital allocation strategy that promises continued growth.

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