First Capital REIT Declares September Distribution for 2024
First Capital REIT Declares Distribution for September
First Capital REIT, recognized for its strategic focus on grocery-anchored commercial properties, has unveiled its cash distribution plan for September 2024. Unitholders can expect a distribution of $0.072 per unit, showcasing the company's commitment to returning value to its investors.
Details on the Distribution Announcement
This distribution translates to an annualized rate of approximately $0.86 per unit, which reflects the company’s solid performance and strategic asset management. The payment is scheduled for October 15, 2024, ensuring timely delivery to unitholders of record as of September 30, 2024.
About First Capital REIT
First Capital REIT operates under the ticker symbol FCR on the TSX. The company focuses on owning, operating, and developing open-air shopping centers predominantly anchored by grocery stores. These centers are strategically situated in neighborhoods characterized by strong demographic trends, enhancing the shopping experience for local residents.
Strategic Growth Focus
By honing in on grocery-anchored properties, First Capital REIT has established a resilient business model that thrives, even amid fluctuating market conditions. The company’s strategy leverages the demand for essentials, ensuring steady foot traffic to its locations.
Future Prospects and Developments
The ongoing development initiatives aim to expand First Capital's footprint across key urban centers. As consumer shopping habits evolve, First Capital is poised to adapt and meet these changing demands effectively.
Investor Considerations
For investors, the regular distributions illustrate First Capital REIT's dedication to delivering consistent returns. The strategic positioning within strong demographic markets solidifies its long-term investment potential, making it an attractive option for income-seeking investors.
How to Keep Up with First Capital REIT
Investors interested in First Capital REIT can stay informed by reviewing updates on their official website, where important announcements and financial reports are regularly published. Being connected with the latest company news aids unitholders in making informed investment decisions.
Frequently Asked Questions
What is the September distribution amount for First Capital REIT?
The distribution for September 2024 is set at $0.072 per unit.
When will First Capital REIT distribute its cash payments?
The cash distributions will be paid on October 15, 2024, to unitholders who are on record as of September 30, 2024.
What type of properties does First Capital REIT focus on?
First Capital REIT primarily focuses on grocery-anchored, open-air retail centers in neighborhoods with strong demographic profiles.
What is the ticker symbol for First Capital REIT?
First Capital REIT is listed under the ticker symbol FCR on the TSX.
Where can I find more information about First Capital REIT?
More information can be found on the official First Capital REIT website, where updates and information are shared regularly.
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