Crombie Real Estate Investment Trust header image

Crombie Real Estate Investment Trust

CRR.UN

Equity

ISIN CA2271071094 / Valor 2491245

Toronto Stock Exchange (2025-03-14)
CAD 13.97%

Crombie Real Estate Investment Trust
UMushroom community rating:

star star star star star
0.00 0 votes No rating yet
NegativeNeutralPositive

About company

Crombie Real Estate Investment Trust is a Canadian real estate investment trust that focuses on owning, operating, and developing a diverse portfolio of commercial and residential properties across Canada. The company is known for its strategic investments in mixed-use developments, combining residential and commercial spaces to create vibrant community hubs. One of its notable projects is The Zephyr at Davie Street in Vancouver's West End, which includes 330 luxury rental units and a commercial component featuring a Safeway Store, BC Liquor Store, and Scotiabank. Crombie REIT's portfolio is characterized by its emphasis on high-quality properties in prime locations, catering to both residential tenants and commercial clients.

Summarized from source with an LLMView SourceSector: Finance

Latest Results (15.01.2025):

Improvement in AFFO Payout Ratio

Crombie Real Estate Investment Trust reported an improvement in its AFFO payout ratio for the third quarter of 2024 compared to the previous year. This improvement was primarily driven by higher distributions due to Units issued under the DRIP, along with other factors affecting total AFFO. The year-to-date improvement in the AFFO payout ratio was also noted compared to the same period in 2023.

Operational Metrics and Renewal Activity

In the third quarter of 2024, Crombie Real Estate Investment Trust saw a significant increase in renewal activity, with 359,000 square feet of space renewed, marking a 50.8% increase from the previous year. Year-to-date renewal activity reached 901,000 square feet, although this was an 11.9% decrease compared to the same period in 2023. The primary driver of renewal growth was attributed to retail properties.

Committed and Economic Occupancy

At the end of the third quarter of 2024, Crombie Real Estate Investment Trust reported a committed occupancy rate of 96.1%, a slight decrease from 96.4% in the third quarter of 2023. Economic occupancy was recorded at 95.9%, down from 96.0% in the previous year. These decreases were primarily due to natural lease expiries, early terminations, and tenant downsizing, partially offset by new leases.

Financial Condition Metrics

Crombie Real Estate Investment Trust's debt to trailing 12 months adjusted EBITDA ratio improved to 7.72x in the third quarter of 2024, down from 8.13x in the same period of 2023. This improvement was due to increased trailing adjusted EBITDA, despite higher outstanding debt. The interest coverage ratio for the quarter was 3.31x, a decrease from 3.41x in the previous year, primarily due to higher finance costs from operations.

Available Liquidity

In the third quarter of 2024, Crombie Real Estate Investment Trust reported an increase in available liquidity, with unutilized credit facilities amounting to $676,649, a 19.8% increase from $564,903 in the third quarter of 2023. This increase was attributed to lower balances of floating rate debt outstanding compared to the previous year.

Summarized from source with an LLMView Source

Key figures

0.43%1Y
-23.2%3Y
11.8%5Y

Performance

16.7%1Y
20.2%3Y
24.2%5Y

Volatility

Market cap

1020 M

Market cap (USD)

Daily traded volume (Shares)

179,357

Daily traded volume (Shares)

1 day high/low

13.56 / 13.22

1 day high/low (USD)

52 weeks high/low

0.00 / 0.00

52 weeks high/low (USD)

Dividend ex-date

01 January, 2022

Dividend ex-date

Dividend

0.00

Dividend (USD)

Dividend yield (p.a.)

0.00%

Dividend yield (p.a.)

0.002022
0.002023
0.002024

Est dividend (USD)

0.00%2022
0.00%2023
0.00%2024

Est dividend yield

P/E ratio

10.00

P/E ratio

00.002022
00.002023
00.002024

Est P/E ratio

EPS

0.00

EPS (USD)

0.002022
0.002023
0.002024

Est EPS (USD)

Ratings & reviews

star star star star star

0.00

0 votes
Performance:
starstarstarstarstar
0.00
Innovation:
starstarstarstarstar
0.00
Society:
starstarstarstarstar
0.00
Nature:
starstarstarstarstar
0.00

EQUITIES OF THE SAME SECTOR

Avance Gas Holding Ltd
Avance Gas Holding Ltd Avance Gas Holding Ltd Valor: 22521814
starstarstarstarstar

Annual Return

-50%0%+50%

Risk level

110
15.57%NOK 10.02
Fair Value REIT-AG
Fair Value REIT-AG Fair Value REIT-AG Valor: 3493682
starstarstarstarstar

Annual Return

-50%0%+50%

Risk level

110
0.00%EUR 3.76
PEH Wertpapier AG
PEH Wertpapier AG PEH Wertpapier AG Valor: 972657
starstarstarstarstar

Annual Return

-50%0%+50%

Risk level

110
-1.67%EUR 23.60
Readcrest Capital AG
Readcrest Capital AG Readcrest Capital AG Valor: 12194991
starstarstarstarstar

Annual Return

-50%0%+50%

Risk level

110
0.00%EUR 1.02
BNP Paribas SA
BNP Paribas SA BNP Paribas SA Valor: 123397
starstarstarstarstar

Annual Return

-50%0%+50%

Risk level

110
2.95%EUR 75.72
Credit Agricole SA
Credit Agricole SA Credit Agricole SA Valor: 1336531
starstarstarstarstar

Annual Return

-50%0%+50%

Risk level

110
1.15%EUR 16.34
SCOR SE
SCOR SE SCOR SE Valor: 2844943
starstarstarstarstar

Annual Return

-50%0%+50%

Risk level

110
0.68%EUR 26.56
Icade SA
Icade SA Icade SA Valor: 497389
starstarstarstarstar

Annual Return

-50%0%+50%

Risk level

110
1.28%EUR 20.54
Peugeot Invest SA
Peugeot Invest SA Peugeot Invest SA Valor: 500680
starstarstarstarstar

Annual Return

-50%0%+50%

Risk level

110
0.82%EUR 74.10
Innovative Industrial Properties Inc
Innovative Industrial Properties Inc Innovative Industrial Properties Inc Valor: 34336367
starstarstarstarstar

Annual Return

-50%0%+50%

Risk level

110
2.08%USD 69.62