Weekly Research Analysts’ Ratings Changes for First Capital Real Estate Investment Trust (FCXXF)

Several brokerages have updated their recommendations and price targets on shares of First Capital Real Estate Investment Trust (OTCMKTS: FCXXF) in the last few weeks:

• 2/18/2026 – First Capital Real Estate Investment Trust was downgraded by Raymond James Financial, Inc. from “outperform” to “market perform”.
• 2/13/2026 – First Capital Real Estate Investment Trust had its “outperform” rating reaffirmed by Royal Bank Of Canada.
• 2/13/2026 – First Capital Real Estate Investment Trust had its “outperform” rating reaffirmed by BMO Capital Markets.
• 2/12/2026 – First Capital Real Estate Investment Trust had its “sector perform” rating reaffirmed by Scotiabank.

First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) is a Canadian real estate investment trust focused on the ownership, development and management of retail properties. The trust’s portfolio primarily comprises grocery-anchored and necessity-based shopping centres that serve urban and suburban neighbourhoods across Canada. By concentrating on properties with stable, long-term lease profiles and essential service offerings, First Capital REIT aims to provide consistent occupancy and rental revenue streams.

Established in 2012 through a strategic spin-off from an existing Canadian property group, First Capital REIT has grown its holdings through acquisitions, selective developments and joint-venture partnerships.