First Capital Real Estate Investment Trust Net Asset Quality Index
First Capital Real Estate Investment Trust net asset quality index. 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. Check First Capital Real Estate Investment Tru cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
Quality Index
Net Assets
Total Assets
Total Liabilities
Net Asset Quality Index of First Capital Real Estate Investment Trust (1996–2025)
Net asset quality index of First Capital Real Estate Investment Trust from 1996 to 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. See FCR-UN net assets for net asset value and shareholders' equity analysis.
First Capital Real Estate Investment Trust Net Asset Quality Index by Year (1996–2025)
First Capital Real Estate Investment Trust net asset quality index by year from 1996 to 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 live market cap and overall valuation, see First Capital Real Estate Investment Tru stock valuation.
| 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 | — |