Brief: KingSett Capital, Choice Properties to buy First Capital REIT in C$9.4 billion deal

Choice Properties Real Estate Investment Trust

16/04/2026 12:58

April 16 (Reuters) - FIRST CAPITAL REIT:

FIRST CAPITAL REIT ENTERS INTO AGREEMENT TO BE ACQUIRED BY KINGSETT CAPITAL AND CHOICE PROPERTIES REIT IN $9.4 BILLION TRANSACTION

FIRST CAPITAL REAL ESTATE INVESTMENT TRUST: PROPOSED DEAL FOR TOTAL CONSIDERATION OF $24.40 PER UNIT

FIRST CAPITAL REAL ESTATE INVESTMENT TRUST - TRANSACTION RECEIVED UNANIMOUS SUPPORT FROM FIRST CAPITAL BOARD OF TRUSTEES

FIRST CAPITAL REAL ESTATE INVESTMENT TRUST: CHOICE PROPERTIES TO BUY ABOUT $5.0 BILLION OF FIRST CAPITAL'S NECESSITY-BASED NEIGHBOURHOOD SHOPPING CENTRES

FIRST CAPITAL REAL ESTATE INVESTMENT TRUST: CHOICE PROPERTIES EXPECTS PRO FORMA ANNUALIZED NET DEBT TO ADJUSTED EBITDA TO BE ABOUT 8.5X POST DEAL CLOSING

FIRST CAPITAL REAL ESTATE INVESTMENT TRUST: CHOICE PROPERTIES TO FINANCE DEAL OF ITS ACQUISITION PORTFOLIO THROUGH COMBINATION OF DEBT AND EQUITY

FIRST CAPITAL REAL ESTATE INVESTMENT TRUST: ON COMPLETION, CHOICE PROPERTIES TO ASSUME FIRST CAPITAL’S $2.3 BILLION OUTSTANDING UNSECURED DEBENTURES

FIRST CAPITAL REAL ESTATE INVESTMENT TRUST: KINGSETT HAS SECURED, ON A FIRM, COMMITTED BASIS, ALL FINANCING REQUIRED TO COMPLETE TRANSACTION

FIRST CAPITAL REAL ESTATE INVESTMENT TRUST: KINGSETT TO BUY CO'S ISSUED AND OUTSTANDING UNITS, INCLUDING ABOUT $4.4 BILLION OF FIRST CAPITAL ASSET

FIRST CAPITAL REIT: CHOICE PROPERTIES ACQUISITION PORTFOLIO EXPECTED TO GENERATE FY NOI $235 MILLION IN 2027, 3.5% ANNUAL GROWTH IN NEAR-TERM

FIRST CAPITAL REAL ESTATE INVESTMENT TRUST: IF SUPERIOR PROPOSAL ACCEPTED, CO TO PAY $187.5 MILLION TERMINATION FEE UNDER DEAL

FIRST CAPITAL REAL ESTATE INVESTMENT TRUST:  ALL FIGURES ARE IN C$

Source text: ID:nBw6SVMMHa

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