Understanding Crombie REIT and its Market Impact

Crombie REIT is a major player in the Canadian retail real estate market, with a portfolio of over 90 properties across the country.

Crombie REIT was established in 2013 through the merger of Crombie REIT and RioCan REIT's retail portfolio.

The company's focus on grocery-anchored shopping centers has proven to be a winning strategy, with a strong track record of stable cash flows.

Crombie REIT's properties are home to a diverse range of retailers, including grocery stores, pharmacies, and restaurants.

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Crombie REIT is a real estate investment trust that was established in 2004.

Crombie REIT is a Canadian real estate investment trust that focuses on owning and operating a portfolio of high-quality retail properties across Canada.

Its portfolio includes a variety of retail properties, such as grocery stores, pharmacies, and other essential services.

Crombie REIT is listed on the Toronto Stock Exchange and has a market capitalization of over $2 billion.

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Crombie REIT has a diverse portfolio of over 290 properties across Canada, including shopping centers, office buildings, and residential properties.

With a portfolio value of over $3.5 billion, Crombie REIT is a significant player in the Canadian real estate market.

Their properties are located in key markets such as Toronto, Vancouver, and Montreal, providing a strong presence in major Canadian cities.

The company has a long history, dating back to 1892, when it was founded by Robert Crombie.

Crombie REIT has a strong track record of delivering consistent returns to its investors, with a dividend yield of around 5%.

Their focus on creating value for their investors has earned them a reputation as a reliable and stable investment option.

Crombie REIT's properties are managed by a team of experienced professionals, who work to ensure the highest levels of tenant satisfaction and property performance.

The company's focus on sustainability has led to the implementation of various green initiatives across their properties, reducing energy consumption and waste.

Crombie REIT has a strong commitment to community development, with many of their properties hosting local events and supporting local charities.

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Crombie REIT's annual results show a steady increase in net sales, with a forecasted growth rate of 2.96% in 2024. This trend is expected to continue through 2025 and 2026, with projected net sales of $501 million and $517 million, respectively.

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) has seen a significant increase in 2024, with a forecasted growth rate of 15.94%. This is a notable improvement from the previous year's decline of 3.8%.

Here's a summary of Crombie REIT's annual results:

Crombie REIT's quarterly results also show a mixed picture, with some quarters experiencing growth and others experiencing decline.

The annual results of the company are a crucial aspect of its financial performance. The data shows that net sales have been steadily increasing, with a 1.06% growth in 2022 and a 2.96% growth in 2023.

In 2024, the company forecasts a net sales of 471 million CAD, which is actually lower than the previous year's forecast. This is a notable trend, as the company's sales are expected to decrease slightly.

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The EBITDA, or earnings before interest, taxes, depreciation, and amortization, has seen significant fluctuations. In 2022, it was 262 million CAD, but in 2023, it dropped to 264 million CAD. However, in 2024, the company expects a significant increase to 332 million CAD.

Here's a summary of the key financial metrics for the next few years:

The company's EBIT, EBT, and net income have been consistently zero since 2022, indicating a lack of profitability in these areas. This is a concerning trend that the company will need to address in the future.

Quarterly results provide a snapshot of a company's financial performance over a specific period.

In the provided data, we can see that LAR ESPAÑA REAL ESTATE SOCIMI, S.A. released its Q2 2023 earnings on September 8, 2023, with net sales of 108 million CAD and EBITDA of 60.1 million CAD.

The company's Q3 2023 earnings were released on August 11, 2023, with net sales of 104 million CAD and EBITDA of 68.3 million CAD.

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A closer look at the data reveals that the company's net sales have been fluctuating, with a decrease of 5.05% in Q3 2023 compared to Q2 2023, but an increase of 5.03% in Q4 2023 compared to Q3 2023.

Here is a summary of the key quarterly results:

These figures indicate that the company's net sales and EBITDA have been steadily increasing over the past year, with some fluctuations.

Past dividends on Crombie Real Estate Investment Trust have been a consistent 0.07417 CAD per share since February 2024.

The trust has paid this monthly dividend consistently since February 2024, with no changes to the amount or frequency.

This dividend has been paid on the last day of every month since February 2024, with the exception of February 2025.

Here is a breakdown of the past dividends paid by Crombie Real Estate Investment Trust:

Crombie REIT has a relatively balanced view among stock analysts, with 3 recommending to BUY the stock and 3 recommending to SELL it in the last year.

6 stock analysts on Stockchase covered Crombie REIT, making it a trending stock worth watching.

The Kurs-Gewinn-Verhältnis (KGV) for Crombie REIT is expected to be 22.68 for 2025, but using current data, it can be calculated to be around 6.71.

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A stock symbol is a unique identifier assigned to a publicly traded company, allowing investors to easily identify and track its performance.

This identifier is usually a combination of letters and numbers that distinguish one stock from another.

For instance, Crombie Real Estate Investment Trust trades under the symbol CRR.UN-T on the Toronto Stock Exchange.

The symbol is often referred to as the stock's ticker symbol, and it's used in financial markets to quickly identify a company's stock.

The TSX:CRR.UN or CRR.UN-T notation is commonly used to refer to Crombie Real Estate Investment Trust's stock symbol.

Stock symbols can be found on stock exchanges, financial websites, and trading platforms, making it easy for investors to access and analyze a company's stock performance.

The stock symbol is a crucial piece of information that investors need to know before buying or selling a stock.

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Stock prices can fluctuate daily, like the Crombie Real Estate Investment Trust (CRR.UN-T) stock which closed at $14.12 on 2025-02-28.

Stock prices are publicly available, allowing investors to track their stocks daily and receive important alerts, such as adding stocks to a watchlist to monitor them.

Investors can use these prices to make informed decisions about buying or selling their stocks, but it's essential to note that prices can change rapidly.

The Crombie Real Estate Investment Trust stock price example shows that stock prices are specific and can be tracked over time, giving investors a clear picture of their investments' performance.

Stock prices can be influenced by various factors, but having access to real-time data, like the Crombie Real Estate Investment Trust stock price, can help investors make more informed decisions.

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Earnings reports or recent company news can cause the stock price to drop. If you're considering investing in Crombie Real Estate Investment Trust, keep an eye out for any major announcements that might impact the stock.

6 stock analysts have published opinions about Crombie Real Estate Investment Trust in the last year. They're definitely worth listening to.

3 analysts have recommended buying the stock, while 3 analysts have recommended selling it. It's a tough call, but it's always good to get a second opinion.

In the last year, 6 stock analysts on Stockchase covered Crombie Real Estate Investment Trust, making it a trending stock worth watching.

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The Kurs-Gewinn-Verhältnis, or KGV, is a crucial metric in stock analysis. It's a ratio that helps investors understand the relationship between a company's stock price and its earnings.

For CROMBIE REIT TR.UTS, the projected KGV for 2025 is 22.68. This is significantly higher than the current calculated KGV, which is 6.71.

This discrepancy highlights the importance of considering multiple data points when evaluating a company's KGV. The current KGV is based on the company's earnings of 158.3 million USD in 2024, divided by the 108.7 million outstanding shares, and then adjusted for the current stock price of 9.764 USD.

A low KGV value doesn't automatically make a company a good investment. In fact, it can sometimes indicate high risk.

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Crombie REIT was founded on February 4, 1964 as Atlantic Shopping Centres Limited.

The company has undergone significant changes over the years, merging with Halifax Developments Limited and Canadian Shopping Centres Limited in the 1990s.

Its largest unitholder is Empire Company Limited, which as of mid-2013 owned approximately 40% of the units in the REIT.

The REIT has been publicly traded on the Toronto Stock Exchange since 2006, after being converted from an unincorporated open-ended real estate investment trust.

Crombie Real Estate Investment Trust has had a busy year, with several key events taking place in 2024.

The first major event of the year was the Q1 2024 Earnings Release on May 9th, 2024, at 2:03 am.

Crombie Real Estate Investment Trust held its Annual General Meeting on May 9th, 2024, at 7:30 pm.

The Q1 2024 Earnings Call took place on May 9th, 2024, at 9:30 pm.

Here are some key dates to note:

These events showcase the trust's commitment to transparency and communication with stakeholders.

The Chart Calendar is a valuable tool for investors, providing a clear view of upcoming events that can impact the stock's performance.

The Crombie Real Estate Investment Trust has several significant events scheduled in the near future, including the Q1 2025 Earnings Release on July 5, 2025.

Here's a breakdown of the projected earnings release dates:

These dates are crucial for investors to stay informed and make informed decisions about their investments.

Crombie REIT has a rich history that spans over five decades. It was founded on February 4, 1964 as Atlantic Shopping Centres Limited.

In the 1990s, the company merged with Halifax Developments Limited and Canadian Shopping Centres Limited. This expansion marked a significant turning point for the company.

The company was renamed in the mid-2000s as it grew beyond shopping centers and the Atlantic region. Empire Company Limited, the REIT's largest unitholder, owned approximately 40% of the units in the REIT as of mid-2013.

Crombie REIT converted into an unincorporated open-ended publicly traded real estate investment trust in 2006.

Crombie REIT is a leading Canadian real estate investment trust. It was established in 1980.

Crombie REIT focuses on owning and operating a diversified portfolio of high-quality retail and mixed-use properties across Canada.

The trust's head office is located in Halifax, Nova Scotia.

Crombie REIT has a mixed reputation. Stockchase rating for Crombie Real Estate Investment Trust is calculated according to the stock experts' signals, with a high score indicating experts mostly recommend to buy the stock.

The company has faced controversy in the past, particularly in 2014 when its commercial leasing division issued eviction notices to two local food vendors in the Scotia Square food court in Halifax, Nova Scotia. This move sparked a petition to save the two popular restaurants, which received over 5200 signatures.

Crombie was criticized for forcing out local businesses in favour of chain operations, having also evicted another popular eatery in 2011 to make way for a bigger Tim Horton's.

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The Crombie Real Estate Investment Trust (CRR.UN-T) rating is calculated by experts based on their signals. A high score means experts mostly recommend buying the stock, while a low score means they mostly recommend selling it.

Experts are generally bullish on CRR.UN-T, with many recommending it as a buy. One expert notes that the stock has a good quality base and a sustainable dividend, making it a compelling investment opportunity.

CRR.UN-T benefits from lower interest rates, which is a major plus for investors. In fact, the stock is described as a "safe place for investors with steady dividend" and a "good place for investors worried about recession".

The stock's defensive sector is a major draw, with grocery-anchored retail being a very safe investment. Additionally, the stock has a dividend yield of 6.5%, which is attractive to income-seeking investors.

While there are some concerns about debt and high costs, the stock has a strong pipeline of new projects and a solid backing from Empire. Experts overall seem to think that CRR.UN-T is a steady and reliable investment, with one expert describing it as a "steady eddy".

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Crombie's commercial leasing division issued eviction notices to two local food vendors, Ray's Lebanese Cuisine and A Taste of India, in the Scotia Square food court in Halifax, Nova Scotia in January 2014.

A petition to save the two popular restaurants' leased tenancy was circulated in February and received over 5200 signatures. Many local patrons expressed anger and disappointment in Crombie's actions through social media.

Ray's was the most longstanding eatery in the mall, having been operated by Ray Khattar for 31 years. He initially agreed to a doubling of his rent, from $5,000 to $10,000, but was then served an eviction notice regardless.

Crombie was criticized for forcing out local businesses in favour of chain operations like McDonald's and Subway, having also evicted another popular eatery (PG's) in 2011 to make way for a bigger Tim Horton's.

The Scotia Square food court was once considered the "best mall food court in the country", with interesting and varied local operations. However, this reputation was threatened by Crombie's actions.

Crombie recanted and stated the businesses could stay, but demanded a doubling of the rent, a percentage of the sales, and a relocation of the outlets to a different part of the food court.