Rescheduled Conference Call for Tuesday, May 12, 2009 at 1:00 p.m.

    TORONTO, May 7 /CNW/ - First Capital Realty Inc. ("First Capital Realty")
(TSX: FCR) The Company has rescheduled its Q1 conference call to Tuesday, May
12, 2009 at 1:00p.m. from its previously announced date of Wednesday, May 13,
2009 at 4:00p.m. E.T.
    First quarter financial results will be released prior to the call and
made available on First Capital Realty's website in the News section. The
Supplemental Package link will be on our Home Page at or click on Investor Relations, Downloads.
    Teleconference: You may participate in the live conference toll free at
866-299-6657 or at 416-641-6135. To ensure your participation, please call
five minutes prior to the scheduled start of the call. The call will be
archived through May 19, 2009 and can be accessed by dialing toll free
800-408-3053 or 416-695-5800 with access code 4005608.
    Webcast: To access the webcast, go to First Capital Realty's website at, and click on the link for the webcast at the left
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

    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, and click on the link
for the Conference Call at the top of our Home Page.
    Management's presentation will be followed by a question and answer
period. To ask a question, press ' (*) 1' 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 the pound key 'No.'. If you hang up, you can reconnect by dialing
866-299-6657 or 416-641-6135. 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 and drugstore anchored neighbourhood and community shopping
centres, located predominantly in growing metropolitan areas. The Company
currently owns interests in 172 properties, including 5 under development,
totalling approximately 20.2 million square feet of gross leasable area and 7
land sites in the planning stage for future retail development. In addition,
the Company owns 14.1 million shares of Equity One (approximately 18.4%), 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 362 properties totalling
approximately 40.7 million square feet of gross leasable area.

For further information:

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

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