First Capital Real Estate Investment Trust (TSX:FCR.UN)

TSX:FCR.UN Income Statement

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Property Revenue	736.58	731.24	713.52	687.98	693.1	674.89
Revenue	736.58	731.24	713.52	687.98	693.1	674.89
Revenue Growth (YoY)	3.02%	2.48%	3.71%	-0.74%	2.70%	0.30%
Property Expenses	272.01	271.32	266.59	262.72	267.6	262.35
Total Property Expenses	272.01	271.3	266.24	262.72	267.6	262.35
Gross Profit	464.57	459.94	447.29	425.26	425.5	412.54
Operating Income	464.57	459.94	447.29	425.26	425.5	412.54
Interest Income	22.88	22.47	47.12	24.88	19.87	10.88
Interest Expense	-159.45	-158.79	-166.16	-154.1	-150.04	-152.67
Other Non-Operating Income (Expense)	-4.33	-26.14	-110.71	-435.2	-447.89	228.82
Total Non-Operating Income (Expense)	-140.9	-162.46	-229.75	-564.42	-578.06	87.03
Pretax Income	323.67	297.48	217.54	-139.16	-152.56	499.57
Provision for Income Taxes	-745.71	-763.42	14.29	-4.8	7.2	25.93
Net Income	1,072	1,064	204.93	-134.06	-160	460.13
Minority Interest in Earnings	-2.45	-3.13	-1.69	-0.31	0.24	13.51
Net Income to Common	1,072	1,064	204.93	-134.06	-160	460.13
Net Income Growth	399.55%	419.21%	-	-	-	16929.28%
Shares Outstanding (Basic)	213	212	214	214	216	221
Shares Outstanding (Diluted)	213	212	214	214	219	221
Shares Change (YoY)	-0.62%	-0.83%	-0.02%	-2.24%	-0.75%	0.15%
EPS (Basic)	5.05	5.01	0.97	-0.63	-0.74	2.10
EPS (Diluted)	5.05	5.01	0.96	-0.63	-0.73	2.08
EPS Growth	404.60%	421.70%	-	-	-	20700.00%
Shares Outstanding	212.56	212.45	212.32	212.18	213.52	219.64
Free Cash Flow	55.54	32.12	76.57	8.22	62.42	81.59
Free Cash Flow Growth	72.90%	-58.05%	831.38%	-86.83%	-23.50%	-
Free Cash Flow Per Share	0.26	0.15	0.36	0.04	0.28	0.37
Dividends Per Share	0.896	0.890	0.864	0.864	0.576	0.432
Dividend Growth	0.62%	3.01%	-	50.00%	33.33%	-49.77%
Gross Margin	63.07%	62.90%	62.69%	61.81%	61.39%	61.13%
Operating Margin	63.07%	62.90%	62.69%	61.81%	61.39%	61.13%
Profit Margin	145.18%	145.08%	28.48%	-19.53%	-23.05%	70.18%
FCF Margin	7.54%	4.39%	10.73%	1.19%	9.01%	12.09%
EBITDA	467.02	462.45	449.86	429.15	431.17	418.56
EBITDA Margin	63.40%	63.24%	63.05%	62.38%	62.21%	62.02%
EBIT	464.57	459.94	447.29	425.26	425.5	412.54
EBIT Margin	63.07%	62.90%	62.69%	61.81%	61.39%	61.13%
Effective Tax Rate	-230.39%	-256.63%	6.57%	3.45%	-4.72%	5.19%

Updated May 5, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.