07:36 AM EDT, 05/16/2025 (MT Newswires) -- First Capital Real Estate Investment Trust (FCR-UN.TO) on Friday said it renewed its normal course issuer bid (NCIB) which will let it buy back up to 21.1 million of its outstanding trust units, representing 10% of the public float.

Purchases under the renewed NCIB may start on May 21 and continue until May 20, 2026.

As of Friday, the REIT has bought back 7.9 million units for about $120.1 million since May 2022, when First Capital put its NCIB in place.

Shares of the company closed up 0.6% to $17.20 on Thursday on the Toronto Stock Exchange.