First Capital Real Estate Investment Trust (FCR-UN) — Net Asset Quality Index

Latest as of March 2026: 53.2%

First Capital Real Estate Investment Trust (FCR-UN) has a Net Asset Quality Index of 53.2% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CA$9.30 Billion minus total liabilities of CA$4.35 Billion yields net assets of CA$4.94 Billion. A higher index indicates a stronger, lower-leverage balance sheet. See FCR-UN defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Quality Index

53.2%
Equity / Total Assets

Net Assets

CA$4.94 Billion
CAD

Total Assets

CA$9.30 Billion
CAD

Total Liabilities

CA$4.35 Billion
CAD

First Capital Real Estate Investment Trust Net Asset Quality Index Over Time (1996–2025)

This chart shows how First Capital Real Estate Investment Trust's Net Asset Quality Index has evolved across 30 annual periods from 1996 to 2025. As of March 2026, the index stands at 53.2%, representing net assets of CA$4.94 Billion against total assets of CA$9.30 Billion CAD. Explore First Capital Real Estate Investment Tru operating cash flow efficiency to assess how effectively this company generates cash.

Annual Net Asset Quality Index for First Capital Real Estate Investment Trust (1996–2025)

The table below presents the year-by-year Net Asset Quality Index for First Capital Real Estate Investment Trust from 1996 to 2025, covering 30 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For market capitalisation and the full company profile, see FCR-UN market cap overview.

Year Quality Index Net Assets (CAD) Total Assets Total Liabilities Change (pp)
2025 53.0% CA$4.89 Billion CA$9.23 Billion CA$4.34 Billion ▲ +9.3 pp
2024 43.7% CA$4.01 Billion CA$9.18 Billion CA$5.17 Billion ▲ +0.2 pp
2023 43.5% CA$4.00 Billion CA$9.19 Billion CA$5.19 Billion ▼ -1.7 pp
2022 45.2% CA$4.34 Billion CA$9.58 Billion CA$5.25 Billion ▼ -0.9 pp
2021 46.2% CA$4.67 Billion CA$10.11 Billion CA$5.44 Billion ▲ +3.8 pp
2020 42.4% CA$4.26 Billion CA$10.03 Billion CA$5.78 Billion ▼ -1.6 pp
2019 44.0% CA$4.48 Billion CA$10.16 Billion CA$5.69 Billion ▼ -3.9 pp
2018 47.9% CA$5.01 Billion CA$10.45 Billion CA$5.44 Billion ▲ +0.8 pp
2017 47.1% CA$4.70 Billion CA$9.97 Billion CA$5.27 Billion ▲ +0.6 pp
2016 46.5% CA$4.23 Billion CA$9.10 Billion CA$4.87 Billion ▲ +2.2 pp
2015 44.3% CA$3.67 Billion CA$8.28 Billion CA$4.61 Billion ▲ +0.1 pp
2014 44.2% CA$3.50 Billion CA$7.91 Billion CA$4.41 Billion ▲ +0.5 pp
2013 43.7% CA$3.32 Billion CA$7.60 Billion CA$4.27 Billion ▼ -1.0 pp
2012 44.7% CA$3.25 Billion CA$7.26 Billion CA$4.01 Billion ▲ +3.4 pp
2011 41.4% CA$2.51 Billion CA$6.08 Billion CA$3.56 Billion ▲ +4.5 pp
2010 36.8% CA$1.84 Billion CA$4.99 Billion CA$3.15 Billion ▲ +7.1 pp
2009 29.7% CA$1.10 Billion CA$3.69 Billion CA$2.60 Billion ▲ +0.5 pp
2008 29.2% CA$1.08 Billion CA$3.71 Billion CA$2.62 Billion ▲ +1.3 pp
2007 27.9% CA$951.33 Million CA$3.41 Billion CA$2.46 Billion ▼ -1.9 pp
2006 29.8% CA$911.59 Million CA$3.06 Billion CA$2.15 Billion ▼ -4.3 pp
2005 34.1% CA$842.54 Million CA$2.47 Billion CA$1.63 Billion ▲ +5.2 pp
2004 29.0% CA$548.49 Million CA$1.89 Billion CA$1.35 Billion ▼ -14.3 pp
2003 43.2% CA$664.99 Million CA$1.54 Billion CA$873.70 Million ▲ +0.5 pp
2002 42.7% CA$507.76 Million CA$1.19 Billion CA$681.95 Million ▲ +1.2 pp
2001 41.4% CA$409.57 Million CA$988.54 Million CA$578.97 Million ▲ +6.6 pp
2000 34.9% CA$396.68 Million CA$1.14 Billion CA$740.84 Million ▼ -3.0 pp
1999 37.9% CA$421.50 Million CA$1.11 Billion CA$691.10 Million ▼ -6.1 pp
1998 44.0% CA$433.00 Million CA$984.50 Million CA$551.50 Million ▲ +10.1 pp
1997 33.9% CA$216.30 Million CA$638.70 Million CA$422.40 Million ▼ -2.7 pp
1996 36.6% CA$158.60 Million CA$433.70 Million CA$275.10 Million —
pp = percentage points