DBRS upgrades First Capital Realty to BBB (high)

TORONTO, Nov. 14, 2012 /CNW/ - First Capital Realty Inc. ("First Capital Realty" or the "Company") (TSX: FCR) Canada's leading owner, developer and operator of supermarket and drugstore anchored neighbourhood and community shopping centres, located predominantly in growing urban markets, announced that DBRS has today upgraded the Senior Unsecured Debentures of First Capital Realty to BBB (high) from BBB, with a Stable trend. This action follows DBRS's June 27, 2012, trend change to Positive on the Company's rating.

Click here to view the press release issued by DBRS.

ABOUT FIRST CAPITAL REALTY (TSX: FCR)

First Capital Realty is Canada's leading owner, developer and operator of supermarket and drugstore anchored neighbourhood and community shopping centres, located predominantly in growing urban markets. The Company currently owns interests in 174 properties, including six under ground-up development, totalling approximately 24.4 million square feet of gross leasable area and four sites in the planning stage for future retail development.

SOURCE: First Capital Realty Inc.

For further information:

Dori J. Segal, President & CEO, or
Karen H. Weaver, Executive Vice President & CFO
First Capital Realty Inc.
85 Hanna Avenue, Suite 400
Toronto, Ontario, Canada M6K 3S3
Tel: (416) 504-4114
www.firstcapitalrealty.ca
TSX : FCR