FCRGF - First Capital Realty: Development Pipeline Will Provide A Long Runway Of Growth
Investment Thesis
First Capital Realty (FCRGF) (TSX:FCR) has a rich development pipeline that should provide a long runway of growth for the company. These active and future projects have the potential to increase its current portfolio property by over 75% in the next decade. These projects typically result in higher rental rates than its current average base rents. These projects will also result in over 18 million square feet of residential properties. It will allow the company to participate in the high growth residential rental markets in the major cities in Canada. Investors