First Capital REIT Announces February 2023 Distribution

Rhea-AI Summary

First Capital REIT announced a cash distribution of $0.072 per REIT unit for February 2023, equating to an annualized rate of approximately $0.86 per unit. The distribution will be paid on March 15, 2023, to unitholders of record as of February 28, 2023.

First Capital REIT specializes in the ownership, operation, and development of grocery-anchored, open-air centers in Canada's key demographics.

Positive

• Monthly cash distribution of $0.072 per unit.
• Annualized distribution rate of $0.86 per unit.
• Strong focus on grocery-anchored properties in high-demand areas.

Negative

• None.

TORONTO, Feb. 7, 2023 /PRNewswire/ - First Capital REIT ("First Capital") (TSX: FCR.UN) announced today that it will make a cash distribution of $0.072 per REIT unit for the month of February, representing approximately $0.86 per REIT unit on an annualized basis. The distribution will be paid on March 15, 2023 to unitholders of record as at February 28, 2023.

About First Capital REIT (TSX: FCR.UN)

First Capital owns, operates and develops grocery-anchored, open-air centres in neighbourhoods with the strongest demographics in Canada.

View original content:https://www.prnewswire.com/news-releases/first-capital-reit-announces-february-2023-distribution-301741299.html

SOURCE First Capital REIT

FAQ

What is the distribution amount announced by First Capital REIT for February 2023?

First Capital REIT announced a distribution of $0.072 per REIT unit for February 2023.

When will the distribution be paid to unitholders of First Capital REIT?

The distribution will be paid on March 15, 2023, to unitholders of record as of February 28, 2023.

What is the annualized distribution rate for First Capital REIT units?

The annualized distribution rate for First Capital REIT units is approximately $0.86.

What type of properties does First Capital REIT focus on?

First Capital REIT focuses on grocery-anchored, open-air retail centers in Canada.