Investor Presentaiton
3.0 ENHANCED CAPITAL ALLOCATION & PORTFOLIO OPTIMIZATION PLAN
In September 2022, the Trust announced its Enhanced Capital Allocation and Portfolio Optimization Plan
("the Plan"), which aims to monetize more than $1 billion of typically low-and-no-yielding, and sought-after
assets over a two-year period where value enhancing goals have been achieved
The Plan aims to capitalize on the success of many years of value creation efforts that have yielded a pipeline
of specific assets that are now prime for monetization
The objective of the Plan is to reorient the REIT's portfolio by increasing exposure to short-to-medium-term
net operating income and FFO growth, while at the same time maintaining a prudent yet meaningful pipeline
of development assets that provide significant future optionality to the REIT and reducing debt
Execution on the plan
To date, First Capital has completed or has under firm agreement, approximately $460m of dispositions
。 this represents 46% of the two-year target under the Plan
o at a solid premium to IFRS carrying value
。 cumulative yield of <3%
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Enhanced Capital Allocation & Portfolio Optimization Plan Presentation
First Capital
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