About First Capital Realty
First Capital Realty is a publicly listed company based in Canada founded in 1994. Commercial properties are developed and managed in Canada. The company has 372 employees. Its chief executive, as recorded, is Adam E. Paul. Its website fcr.ca draws about 27 thousand monthly visits. First Capital Realty offers products and services including Grocery-Anchored Centers, Leasing Programs, and ESG Services. Its focus areas include Real Estate and Construction, Real Estate & Infrastructure Developers and Commercial. Its legal entity is First Capital REIT.
Company details
First Capital Realty was founded in 1994 in Canada, where operations center on the development of commercial real estate properties. Focus is placed on retail and mixed-use spaces across urban and suburban areas. Services include property acquisition, construction, and ongoing management to support tenant needs. The company is led by Adam E. Paul as CEO and President, with activities conducted primarily within the Canadian market.
- Annual Revenue$555.77 M (USD)0.04as on Dec 31, 2025
- Net Profit$774.18 M (USD)419.21as on Dec 31, 2025
- EBITDA$310.5 M (USD)-3as on Dec 31, 2025
- Latest Funding Round$231.21M (USD), Debt – Conventional
Jul 2017
- Employee Count372
Products & Services of First Capital Realty
First Capital Realty offers a comprehensive portfolio of products and services, including Grocery-Anchored Centers, Leasing Programs, and ESG Services.
Develops and manages retail spaces for community and business use
Offers spaces to retailers in prime neighborhoods
Implements eco-friendly practices in real estate operations
Funding Insights of First Capital Realty
- Total Rounds 8
- Last Round Debt – Conventional — $231.21M
- First Round $27.2M
(Jun 2003)
All 8 funding rounds of First Capital Realty with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2017 | $231.21M | Debt – Conventional | – | – | – |
| Sep 2016 | $113.84M | Post-IPO | – | – | – |
| Mar 2012 | $176.38M | Debt – Conventional | – | – | – |
| Feb 2012 | $75M | Debt – Convertible | – | – | – |
| Mar 2011 | $112.21M | Debt – Conventional | – | – | – |
| Jun 2007 | $50M | Post-IPO | – | – | – |
| Aug 2006 | $100M | Debt – Conventional | – | – | – |
| Jun 2003 | $27.2M | Post-IPO | – | – | – |
People of First Capital Realty
35 people are tracked at First Capital Realty (19 in leadership, 9 in board & advisors, 7 in team); the tracked headcount is 372.
| Name | Role | Group |
|---|---|---|
Adam E. Paul | CEO & President | Leadership |
Adam Paul | President & CEO | Leadership |
Jordan Robins | EVP & COO | Leadership |
Leigh Balgopal | VP, Legal Affairs | Leadership |
Ryan Ng | Head Of Finance & Treasury | Leadership |
Matt Silcoff | VP, Investments | Leadership |
Jeff Farbman | VP, Investments | Leadership |
Greg Timson | VP, Leasing Eastern | Leadership |
Neil Downey | EVP, Enterprise Strategies & CFO | Leadership |
Jennifer Arezes | VP, Development | Leadership |
Maureen Macmillan | VP, Property Accounting | Leadership |
Simon Streeter | Chief Information Officer | Leadership |
Marcel Parsons | VP, Asset Strategy | Leadership |
Elle Agourias | Chief Accounting Officer | Leadership |
Terry Ledamun | VP, Leasing Central & Edmonton | Leadership |
Sue Klinner | VP, Business Process & Risk Management | Leadership |
Bradley Edey | Director | Leadership |
Tahir Salam | Director, Corporate Accounting | Leadership |
Eric Sherman | Head, National Operations | Leadership |
Richard Nesbitt | Trustee | Board & advisors |
15 more people are available in the full profile.
Complete people profiles for First Capital Realty
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of First Capital Realty
First Capital Realty is a publicly listed company on the TSX with ticker symbol FCR.UN in Canada, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date06 Feb 2020
- Listed onOTCMKTS: FCXXF
- Listed entityFirst Capital Real Estate Investment Trust
- Exchange sectorFinance
- ISINCA31890B1031
- Share price23.09 CAD (+0.48% on the day) · 2026-10-13
- Market capitalisation4,908,934,173.00 CAD
- Price to earnings4.8
- EPS (diluted, trailing year)4.85 CAD
- Dividend yield3.93%
- Volume (last session)610,463
Financials of First Capital Realty
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 761.0M CAD | 1.06B CAD | 425.1M CAD |
| 2024 | 760.6M CAD | 204.9M CAD | 438.3M CAD |
| 2023 | 713.9M CAD | -134.1M CAD | 393.7M CAD |
| 2022 | 718.6M CAD | -160.0M CAD | 396.1M CAD |
| 2021 | 766.6M CAD | 460.1M CAD | 471.0M CAD |
Detailed financial statements for First Capital Realty
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Timeline of First Capital Realty
4 dated milestones of First Capital Realty across 26 years, from founding to its latest funding, stage changes and deals.
- Founded First Capital Realty is founded.
- Funding First funding round of $27.2M.
- Funding Latest funding round, Debt – Conventional, of $231.2M.
- IPO Lists on the stock exchange (IPO).
Web traffic of First Capital Realty
The website of First Capital Realty (fcr.ca) receives about 27.1K visits a month and ranks #1,486,768 among all websites worldwide, #11,300 in Real Estate.
- Monthly visits27.1K
▲ 60.9% vs previous month
- Unique visitors8.1K
per month
- Global rank#1,486,768
among all websites
- Category rank#11,300
Business and Consumer Services · Real Estate
- Bounce rate46%
- Pages per visit1.9
- Average visit53 sec
- DevicesDesktop 28% · Mobile 72%
Websites whose visitors overlap most with First Capital Realty. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
renx.ca | renx.ca | 100% | #530,238 | – | |
| hines.com | 95% | 139.8K | #352,391 | View details | |
| spacelist.ca | 95% | 140.8K | #231,089 | View details | |
urbantoronto.ca | urbantoronto.ca | 95% | #106,700 | – | |
loopnet.ca | loopnet.ca | 95% | #90,631 | – |
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Related news about First Capital Realty
Complete news archive for First Capital Realty
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Frequently Asked Questions about First Capital Realty
First Capital Realty was founded in 1994 and raised its 1st funding round 9 years after it was founded.
First Capital Realty is headquartered in Canada.
Adam E. Paul is the CEO of First Capital Realty, as recorded in our data.
First Capital Realty has 372 employees.
Annual revenue of First Capital Realty is $555.77M as on Dec 31, 2025.
First Capital Realty was founded in 1994 in Canada, where operations center on the development of commercial real estate properties. Focus is placed on retail and mixed-use spaces across urban and suburban areas. Services include property acquisition, construction, and ongoing management to support tenant needs. The company is led by Adam E. Paul as CEO and President, with activities conducted primarily within the Canadian market.
First Capital Realty offers Grocery-Anchored Centers, Leasing Programs, and ESG Services.
Yes, First Capital Realty is publicly traded on TSX under the ticker symbol FCR.UN.
First Capital Realty operates through First Capital Reit.