First Capital Realty is a Canadian public real estate company, specializing in retail real estate, and based in Toronto, Ontario. It is one of the largest retail landlords in Canada.

First Capital primarily owns shopping centres shopping centres in large urban areas in Canada. As of Q4 2018, First Capital had 166 Canadian properties, with 25.5 million square feet of gross leasable area with total enterprise valued at $9.2 Billion.

Major tenant groups include grocery stores (17.7% of 2018 rent), restaurants (13.8%), pharmacies (9.1%), and banks (8.6%). The top 10 tenants in 2018 were Loblaws, Sobeys, Metro, Canadian Tire, Walmart, TD Canada Trust, RBC, Goodlife Fitness, Dollarama, and Save on Foods.

First Capital has recently been shifting to mixed-use developments, as opposed to purely retail developments.

Traded as:           TSX: FCR.UN; S&P/TSX Composite Component

Industry:              Commercial Real Estate

Founded:            1994

Headquarters:   Toronto, Ontario, Canada