August 6, 2010 / 1:00 PM / 7 years ago

UPDATE 1-First Capital Realty Q2 FFO falls

* Q2 FFO C$0.23/shr vs C$0.27/shr last year

* Interest expense up 12 pct

Aug 6 (Reuters) - Canada’s First Capital Realty Inc FCR.TO posted lower quarterly funds from operations (FFO) as interest expense grew.

Total FFO for the quarter was C$36.3 million, or 23 Canadian cents a share, compared with C$39.1 million, or 27 Canadian cents a share, last year.

The owner, developer and operator of supermarket and drugstore-anchored neighbourhood and community shopping centers said interest expense in the quarter rose 12 percent to C$35 million.

Analysts on average were expecting FFO of 24 Canadian cents a share, according to Thomson Reuters I/B/E/S.

Shares of the company closed at C$14.39 Thursday on the Toronto Stock Exchange. (Reporting by Isheeta Sanghi in Bangalore; Editing by Vinu Pilakkott)

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