First Capital Realty 2006 results conference call



    Advises location of slide presentation to accompany conference call

    TORONTO, March 9 /CNW/ - First Capital Realty Inc. ("First Capital
Realty") (TSX:FCR) invites you to participate at its live conference call with
senior management announcing our 2006 year end results on Friday, March 9,
2007 at 1:00 p.m. E.S.T.
    Year end financial results will be released prior to the call and made
available on First Capital Realty's website in the Press Releases section. The
Supplemental Package link will be on our Home Page at
www.firstcapitalrealty.ca or click on Investor Information.

    TELECONFERENCE AND WEBCAST:
    You may participate in the live conference toll free at 800-633-8954 or
at 416-641-6652. To ensure your participation, please call five minutes prior
to the scheduled start of the call. The call will be archived through March
16, 2007 and can be accessed by dialing toll free 800-558-5253 or 416-626-4100
with access code 21325986.
    To access the webcast of the call, go to First Capital Realty's website
at www.firstcapitalrealty.ca, and click on the link for the webcast at the
bottom of our Home Page. The webcast will be archived on our Home Page for
30 days and can be accessed, thereafter, in our Conference Calls section of
our website.

    SLIDE PRESENTATION
    A slide presentation to accompany management's comments during the
conference call will be available. To view the slides, please go to First
Capital Realty's website at www.firstcapitalrealty.ca, and click on the link
for the webcast at the bottom of our Home Page. Please log on at least
15 minutes before the call commences.
    Management's presentation will be followed by a question and answer
period. To ask a question, press '1' followed by '4' on a touch-tone phone.
The conference call coordinator is immediately notified of all requests in the
order in which they are made, and will introduce each questioner. To cancel
your request, press '1' followed by '3'. If you hang up, you can reconnect by
dialing 800-633-8954 or 416-641-6652. For assistance at any point during the
call, press '(*)0'.

    ABOUT FIRST CAPITAL REALTY (TSX:FCR)
    First Capital Realty is Canada's leading owner, developer and operator of
supermarket anchored neighbourhood and community shopping centres, located
predominantly in growing metropolitan areas. The Company currently owns
interests in 157 properties, including 6 under development, with approximately
18.2 million square feet of gross leasable area. In addition, the Company owns
13.9 million shares of Equity One (approximately 19.1%), one of the largest
shopping centre REITS in the southern U.S., that trades on the New York Stock
Exchange under the ticker symbol EQY. Including its investment in Equity One,
the Company has interests in 336 properties totalling approximately
36.4 million square feet of gross leasable area.

    This press release may contain forward-looking statements relating to
First Capital Realty's operations and the environment in which it operates
that are based on First Capital Realty's expectations, estimates, forecasts
and projections. These statements are not guarantees of future performance and
involve risks and uncertainties that are difficult to control or predict.
Therefore, actual outcomes and results may differ materially from those
expressed in these forward-looking statements. Readers, therefore, should not
place undue reliance on any such forward-looking statements. Further, a
forward-looking statement speaks only as of the date on which such statement
is made. First Capital Realty undertakes no obligation to publicly update any
such statement or to reflect new information or the occurrence of future
events or circumstances.




For further information:

For further information: Dori J. Segal, President & C.E.O., or Karen H.
Weaver, C.F.O., First Capital Realty Inc., 85 Hanna Ave., Suite 400, Toronto,
Ontario, Canada, M6K 3S3, Tel: (416) 504-4114, Fax: (416) 941-1655,
www.firstcapitalrealty.ca


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