First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) Shares Up 2.4% – Here’s Why

First Capital Real Estate Investment Trust (OTCMKTS:FCXXF)’s stock price rose 2.4% on Monday . The stock traded as high as $13.81 and last traded at $13.81. Approximately 30,719 shares changed hands during mid-day trading, a decline of 10% from the average daily volume of 34,245 shares. The stock had previously closed at $13.49.

First Capital Real Estate Investment Trust Price Performance

The company’s fifty day simple moving average is $13.59 and its 200 day simple moving average is $13.61.

First Capital Real Estate Investment Trust Company Profile

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.