RIOCF - Why You Should Own This 4.2% Yielding REIT
Investment Thesis
First Capital Realty (FCRGF) (TSX:FCR) is one of Canada’s leading owners, developers, and operators of grocery anchored and retail-focused urban properties. The REIT’s focus on grocery stores, drug stores, convenience stores, and restaurant segments makes it less vulnerable to the threat of e-commerce. Its dividend yield of 4.2% is both attractive and secure. With its current share price trading below its net asset value (“NAV”) and a good track record of increasing its NAV in the past, I believe First Capital Realty is an excellent investment for income investors.