First Capital Real Estate Investment Trust (FCR-UN) — Cash Flow Quality Index
First Capital Real Estate Investment Trust (FCR-UN) has a Cash Flow Quality Index of 0.42x as of March 2026. Operating cash flow of CA$38.65 Million is below net income of CA$92.22 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore First Capital Real Estate Investment Tru (FCR-UN) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
First Capital Real Estate Investment Trust Cash Flow Quality Index (1996–2025)
Historical Cash Flow Quality Index for First Capital Real Estate Investment Trust across 27 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see First Capital Real Estate Investment Tru cash flow conversion.
Annual Cash Flow Quality Index for First Capital Real Estate Investment Trust (1996–2025)
Year-by-year earnings quality comparison for First Capital Real Estate Investment Trust.
| Year | Quality Index | Operating CF (CAD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.19x | CA$206.71 Million | CA$1.06 Billion | ▼ -83.1% |
| 2024 | 1.15x | CA$233.79 Million | CA$203.25 Million | ▲ +118.3% |
| 2021 | 0.53x | CA$249.61 Million | CA$473.64 Million | ▼ -98.2% |
| 2020 | 29.34x | CA$219.50 Million | CA$7.48 Million | ▲ +4416.4% |
| 2019 | 0.65x | CA$269.15 Million | CA$414.34 Million | ▼ -19.2% |
| 2018 | 0.80x | CA$283.01 Million | CA$351.84 Million | ▲ +91.8% |
| 2017 | 0.42x | CA$270.16 Million | CA$644.16 Million | ▼ -37.4% |
| 2016 | 0.67x | CA$256.60 Million | CA$382.71 Million | ▼ -44.1% |
| 2015 | 1.20x | CA$244.43 Million | CA$203.73 Million | ▼ -12.3% |
| 2014 | 1.37x | CA$269.09 Million | CA$196.75 Million | ▲ +38.1% |
| 2013 | 0.99x | CA$212.97 Million | CA$215.01 Million | ▲ +101.6% |
| 2012 | 0.49x | CA$193.01 Million | CA$392.92 Million | ▲ +76.3% |
| 2011 | 0.28x | CA$152.96 Million | CA$548.93 Million | ▼ -93.5% |
| 2010 | 4.26x | CA$176.28 Million | CA$41.34 Million | ▲ +20.3% |
| 2009 | 3.55x | CA$148.63 Million | CA$41.91 Million | ▼ -9.1% |
| 2008 | 3.90x | CA$145.96 Million | CA$37.43 Million | ▼ -11.0% |
| 2007 | 4.38x | CA$133.06 Million | CA$30.35 Million | ▲ +74.9% |
| 2006 | 2.51x | CA$115.17 Million | CA$45.96 Million | ▼ -22.7% |
| 2005 | 3.24x | CA$94.65 Million | CA$29.20 Million | ▼ -22.5% |
| 2004 | 4.18x | CA$74.81 Million | CA$17.89 Million | ▲ +184.2% |
| 2003 | 1.47x | CA$64.79 Million | CA$44.03 Million | ▲ +11.3% |
| 2002 | 1.32x | CA$39.18 Million | CA$29.63 Million | ▲ +89.7% |
| 2001 | 0.70x | CA$32.37 Million | CA$46.44 Million | ▼ -79.6% |
| 1999 | 3.42x | CA$38.30 Million | CA$11.20 Million | ▲ +127.5% |
| 1998 | 1.50x | CA$25.10 Million | CA$16.70 Million | ▼ -32.9% |
| 1997 | 2.24x | CA$22.40 Million | CA$10.00 Million | ▲ +10.6% |
| 1996 | 2.03x | CA$16.20 Million | CA$8.00 Million | — |