CA - First Capital Real Estate Investment Trust (FCXXF) Q1 2024 Earnings Call Transcript

2024-05-01 20:24:09 ET

First Capital Real Estate Investment Trust (FCXXF)

Q1 2024 Earnings Conference Call

May 01, 2024, 02:00 PM ET

Company Participants

Alison Harnick - IR

Adam Paul - President and CEO

Neil Downey - EVP, Enterprise Strategies and CFO

Jordan Robins - EVP and COO

Conference Call Participants

Mario Saric - Scotiabank

Lorne Kalmar - Desjardins

Sam Damiani - TD Cowen

Dean Wilkinson - CIBC

Pammi Bir - RBC Capital Markets

Presentation

Operator

Good afternoon. Thank you for standing by. Welcome to the Q1 2024 Conference Call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question-and-answer session [Operator Instructions].

I would like to turn the conference over to Alison. Please proceed with your presentation.

Alison Harnick

Thank you, and good afternoon, everyone. In discussing our financial and operating performance and in responding to your questions during today's call, we may make forward-looking statements. These statements are based on our current estimates and assumptions, many of which are beyond our control and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements.

A summary of these underlying assumptions, risks, and uncertainties is contained in our various securities filings, including our Q1 MD&A, our MD&A for the year ended December 31, 2023, and our current AIF, which are available on SEDAR and on our website. These statements are made as of today's date, and except as required by securities law, we undertake no obligation to publicly update or revise any such statements.

During today's call, we will also be referencing certain financial measures that are non-IFRS measures. These do not have standardized meanings prescribed by IFRS and should not be construed as alternatives to net income or cash flow from operating activities, determined in accordance with IFRS. Management provides these measures as a complement to IFRS measures to aid in assessing the REIT's performance. These non-IFRS measures are further defined as discussed in our MD&A, which should be read in conjunction with this call.

I'll now turn the call over to Adam.

Adam Paul

Okay. Thank you very much, Alison. Good afternoon, everyone, and thank you for joining us today for our quarterly conference call. We've had a busy start to the year, and I'll start today by touching on our Investor Day that, we held during the first quarter. We spent the first part of the day covering our current business operations, including an overview of First Capital's core competencies, and competitive advantages....

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