TORONTO – First Capital Realty (TSX: FCR) reports lower net income for the fourth quarter and for 2013.
The property developer and manager says its net income for the quarter ended Dec. 31 was $47.9 million, or 23 cents per diluted share.
That compares with $69.9 million, or 33 cents per share, for the same quarter in 2012.
For the year, First Capital reports a net income of $214.9 million, or $1.01 per share.
That’s down from $392.9 million, or $1.98 per share, for 2012.