Declared Dividend • May 24
Dividend of CA$0.076 announced Shareholders will receive a dividend of CA$0.076. Ex-date: 29th May 2026 Payment date: 15th June 2026 Dividend yield will be 5.2%, which is lower than the industry average of 6.2%. Announcement • May 22
Crombie Real Estate Investment Trust announces Monthly dividend, payable on June 15, 2026 Crombie Real Estate Investment Trust announced Monthly dividend of CAD 0.0758 per share payable on June 15, 2026, ex-date on May 29, 2026 and record date on May 31, 2026. Reported Earnings • May 07
First quarter 2026 earnings released First quarter 2026 results: Revenue: CA$130.3m (up 5.6% from 1Q 2025). Net income: CA$27.8m (up 16% from 1Q 2025). Profit margin: 21% (up from 20% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Retail REITs industry in Canada. Live News • May 07
Crombie REIT Lifts Distribution and Adds Properties After Strong First Quarter Results Crombie REIT reported first quarter 2026 results, highlighting strong commercial same-asset property cash NOI growth and higher occupancy.
The REIT acquired two retail-related industrial properties and invested in modernization projects across its portfolio.
Management approved a 1.11% increase to the monthly distribution, effective May 31, 2026, citing confidence in cash flow durability and long-term value creation.
For you as an income-focused investor, the 1.11% distribution increase is the headline item. Management is signaling confidence in the REIT’s ability to support a slightly higher payout from its existing and new assets. The reference to cash flow durability and long-term value creation suggests the board views current cash generation as resilient enough to sustain that higher distribution level.
The acquisition of two retail-related industrial properties and the ongoing modernization projects point to an effort to refine and potentially future-proof the portfolio. Combined with strong commercial same-asset property cash NOI growth and higher occupancy, these moves indicate Crombie is focused on keeping its core properties productive and fully leased. As you assess the trust, it can be useful to watch how these investments flow through to future NOI, occupancy metrics and distribution coverage. Declared Dividend • Apr 26
Dividend of CA$0.075 announced Shareholders will receive a dividend of CA$0.075. Ex-date: 30th April 2026 Payment date: 15th May 2026 Dividend yield will be 5.3%, which is lower than the industry average of 6.2%. Announcement • Mar 27
Crombie Real Estate Investment Trust to Report Q1, 2026 Results on May 06, 2026 Crombie Real Estate Investment Trust announced that they will report Q1, 2026 results After-Market on May 06, 2026 Declared Dividend • Mar 20
Dividend of CA$0.075 announced Shareholders will receive a dividend of CA$0.075. Ex-date: 31st March 2026 Payment date: 15th April 2026 Dividend yield will be 5.8%, which is lower than the industry average of 6.2%. Announcement • Mar 19
Crombie Real Estate Investment Trust announces Monthly dividend, payable on April 15, 2026 Crombie Real Estate Investment Trust announced Monthly dividend of CAD 0.0750 per share payable on April 15, 2026, ex-date on March 31, 2026 and record date on March 31, 2026. Declared Dividend • Feb 22
Dividend of CA$0.075 announced Shareholders will receive a dividend of CA$0.075. Ex-date: 27th February 2026 Payment date: 13th March 2026 Dividend yield will be 5.5%, which is lower than the industry average of 6.2%. Announcement • Feb 20
Crombie Real Estate Investment Trust announces Monthly dividend, payable on March 13, 2026 Crombie Real Estate Investment Trust announced Monthly dividend of CAD 0.0750 per share payable on March 13, 2026, ex-date on February 27, 2026 and record date on February 28, 2026. Announcement • Feb 17
Crombie Real Estate Investment Trust, Annual General Meeting, May 07, 2026 Crombie Real Estate Investment Trust, Annual General Meeting, May 07, 2026. Reported Earnings • Feb 11
Full year 2025 earnings released Full year 2025 results: Revenue: CA$500.1m (up 5.4% from FY 2024). Net income: CA$116.5m (down 26% from FY 2024). Profit margin: 23% (down from 33% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Retail REITs industry in Canada. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year. Declared Dividend • Jan 22
Dividend of CA$0.075 announced Shareholders will receive a dividend of CA$0.075. Ex-date: 30th January 2026 Payment date: 13th February 2026 Dividend yield will be 5.6%, which is lower than the industry average of 6.2%. Announcement • Jan 16
Crombie Real Estate Investment Trust Announces Monthly Distribution for January 2026, Payable on February 13, 2026 Crombie Real Estate Investment Trust announced a distribution of $0.07500 per Unit for the period from January 1, 2026, to and including January 31, 2026. The distribution will be payable on February 13, 2026, to Unitholders of record as at January 31, 2026. Declared Dividend • Dec 19
Dividend of CA$0.075 announced Shareholders will receive a dividend of CA$0.075. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 5.8%, which is lower than the industry average of 6.2%. Announcement • Dec 18
Crombie Real Estate Investment Trust announces Monthly dividend, payable on January 15, 2026 Crombie Real Estate Investment Trust announced Monthly dividend of CAD 0.0750 per share payable on January 15, 2026, ex-date on December 31, 2025 and record date on December 31, 2025. Announcement • Dec 13
Crombie Real Estate Investment Trust to Report Q4, 2025 Results on Feb 10, 2026 Crombie Real Estate Investment Trust announced that they will report Q4, 2025 results After-Market on Feb 10, 2026 Declared Dividend • Nov 21
Dividend of CA$0.075 announced Shareholders will receive a dividend of CA$0.075. Ex-date: 28th November 2025 Payment date: 15th December 2025 Dividend yield will be 5.8%, which is lower than the industry average of 6.2%. Announcement • Nov 20
Crombie Real Estate Investment Trust announces Monthly dividend, payable on December 15, 2025 Crombie Real Estate Investment Trust announced Monthly dividend of CAD 0.0750 per share payable on December 15, 2025, ex-date on November 28, 2025 and record date on November 30, 2025. Reported Earnings • Nov 07
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: CA$124.5m (up 8.2% from 3Q 2024). Net income: CA$30.8m (up 16% from 3Q 2024). Profit margin: 25% (up from 23% in 3Q 2024). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Retail REITs industry in Canada. Declared Dividend • Oct 24
Dividend of CA$0.075 announced Shareholders will receive a dividend of CA$0.075. Ex-date: 31st October 2025 Payment date: 14th November 2025 Dividend yield will be 5.8%, which is lower than the industry average of 6.2%. Announcement • Sep 22
Crombie Real Estate Investment Trust to Report Q3, 2025 Results on Nov 05, 2025 Crombie Real Estate Investment Trust announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Declared Dividend • Sep 21
Dividend of CA$0.075 announced Shareholders will receive a dividend of CA$0.075. Ex-date: 29th September 2025 Payment date: 15th October 2025 Dividend yield will be 5.9%, which is lower than the industry average of 6.2%. Announcement • Sep 19
Crombie Real Estate Investment Trust announces Monthly dividend, payable on October 15, 2025 Crombie Real Estate Investment Trust announced Monthly dividend of CAD 0.0750 per share payable on October 15, 2025, ex-date on September 29, 2025 and record date on September 30, 2025. Declared Dividend • Aug 24
Dividend of CA$0.075 announced Shareholders will receive a dividend of CA$0.075. Ex-date: 29th August 2025 Payment date: 15th September 2025 Dividend yield will be 5.9%, which is lower than the industry average of 6.2%. Reported Earnings • Aug 08
Second quarter 2025 earnings released: FFO per share: CA$0.3 (vs CA$0.32 in 2Q 2024) Second quarter 2025 results: FFO per share: CA$0.3 (up from CA$0.32 in 2Q 2024). Revenue: CA$126.4m (up 6.9% from 2Q 2024). Funds from operations (FFO): CA$62.0m (up 7.1% from 2Q 2024). FFO margin: 49% (in line with 2Q 2024). Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 2.7% growth forecast for the Retail REITs industry in Canada. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 4% per year. Announcement • Aug 01
Crombie Real Estate Investment Trust Announces Appointments to Its Board of Trustees, Effective July 30, 2025 Crombie Real Estate Investment Trust announced changes to its Board of Trustees (the "Board"). Crombie announced that Empire Company Limited ("Empire") has appointed Sarah MacDonald and Kyle Hartlen to join Crombie's Board of Trustees, effective July 30, 2025. Sarah brings over 20 years of experience in real estate management and transformational leadership and Kyle is recognized for his strong background in corporate governance and business strategy. Their appointments replace Heather Grey-Wolf and Jim Dickson, and the Board extends its gratitude to Heather and Jim for their contributions to Crombie. Ms. MacDonald joined Algonquin Power & Utility Company ("Algonquin") in October 2023 as Chief Human Resources Officer and expanded her role in August 2024 to Chief Transformation Officer. Prior to joining Algonquin, she held various senior leadership roles in her 19-year career at Emera Inc., in Canada, the Caribbean and Florida followed by serving as Chief Operating Officer of EfficiencyOne. Ms. MacDonald holds an LL.B. from Dalhousie Law School and an MBA from St. Mary's University. Mr. Hartlen is a Partner at Stewart McKelvey, in their Halifax Office, advising clients on mergers and acquisitions, venture capital investments, and corporate finance transactions across a range of industries. Mr. Hartlen holds a JD/MBA (AMBA Gold Medal) and HBA (Ivey Scholar) from Western University and the Ivey Business School. Declared Dividend • Jul 21
Dividend of CA$0.074 announced Shareholders will receive a dividend of CA$0.074. Ex-date: 31st July 2025 Payment date: 15th August 2025 Dividend yield will be 6.0%, which is about the same as the industry average. Announcement • Jul 17
Crombie Real Estate Investment Trust to Report Q2, 2025 Results on Aug 06, 2025 Crombie Real Estate Investment Trust announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Declared Dividend • Jun 19
Dividend of CA$0.074 announced Shareholders will receive a dividend of CA$0.074. Ex-date: 30th June 2025 Payment date: 15th July 2025 Dividend yield will be 6.0%, which is about the same as the industry average. Board Change • Jun 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Trustee Deb Starkman was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • May 21
Dividend of CA$0.074 announced Shareholders will receive a dividend of CA$0.074. Ex-date: 30th May 2025 Payment date: 13th June 2025 Dividend yield will be 6.2%, which is about the same as the industry average. Announcement • May 16
Crombie Real Estate Investment Trust Announces Distribution of for the Period from May 1, 2025, Payable on June 13, 2025 Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for the period from May 1, 2025, to and including May 31, 2025. The distribution will be payable on June 13, 2025, to Unitholders of record as at May 31, 2025. Reported Earnings • May 09
First quarter 2025 earnings released First quarter 2025 results: Revenue: CA$123.8m (up 4.7% from 1Q 2024). Funds from operations (FFO): CA$55.6m (up 1.3% from 1Q 2024). FFO margin: 45% (down from 46% in 1Q 2024). Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Retail REITs industry in Canada. Declared Dividend • Apr 19
Dividend of CA$0.074 announced Shareholders will receive a dividend of CA$0.074. Ex-date: 30th April 2025 Payment date: 15th May 2025 Dividend yield will be 6.1%, which is about the same as the industry average. Announcement • Apr 16
Crombie Real Estate Investment Trust Announces Distribution for the Period from April 1, 2025, to and Including April 30, 2025, Payable on May 15, 2025 Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for the period from April 1, 2025, to and including April 30, 2025. The distribution will be payable on May 15, 2025, to Unitholders of record as at April 30, 2025. Announcement • Apr 05
Crombie Real Estate Investment Trust to Report Q1, 2025 Results on May 07, 2025 Crombie Real Estate Investment Trust announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on May 07, 2025 Declared Dividend • Mar 20
Dividend of CA$0.074 announced Shareholders will receive a dividend of CA$0.074. Ex-date: 31st March 2025 Payment date: 15th April 2025 Dividend yield will be 6.3%, which is about the same as the industry average. Announcement • Mar 18
Crombie Real Estate Investment Trust Announces Distribution for the Period from March 1, 2025, to and Including March 31, 2025, Payable on April 15, 2025 Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for the period from March 1, 2025, to and including March 31, 2025. The distribution will be payable on April 15, 2025, to Unitholders of record as at March 31, 2025. Declared Dividend • Feb 20
Dividend of CA$0.074 announced Shareholders will receive a dividend of CA$0.074. Ex-date: 28th February 2025 Payment date: 14th March 2025 Dividend yield will be 6.4%, which is about the same as the industry average. Announcement • Feb 15
Crombie Real Estate Investment Trust Announces Distribution for the Period from February 1, 2025, to and Including February 28, 2025, Distribution Will Be Payable on March 14, 2025 Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for the period from February 1, 2025, to and including February 28, 2025. The distribution will be payable on March 14, 2025, to Unitholders of record as at February 28, 2025. Declared Dividend • Jan 19
Dividend of CA$0.074 announced Shareholders will receive a dividend of CA$0.074. Ex-date: 31st January 2025 Payment date: 14th February 2025 Dividend yield will be 6.7%, which is higher than the industry average of 6.2%. Announcement • Jan 16
Crombie Real Estate Investment Trust Announces Distribution for the Month Ending January 31, 2025, Payable on February 14, 2025 Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for the period from January 1, 2025, to and including January 31, 2025. The distribution will be payable on February 14, 2025, to Unitholders of record as at January 31, 2025. Announcement • Jan 07
Crombie Real Estate Investment Trust to Report Q4, 2024 Results on Feb 19, 2025 Crombie Real Estate Investment Trust announced that they will report Q4, 2024 results After-Market on Feb 19, 2025 Declared Dividend • Dec 19
Dividend of CA$0.074 announced Shareholders will receive a dividend of CA$0.074. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 6.8%, which is higher than the industry average of 6.2%. Announcement • Dec 16
Crombie Real Estate Investment Trust Announces Monthly Distribution for the Month of December 2024, Payable on January 15, 2025 Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for the period from December 1, 2024, to and including December 31, 2024. The distribution will be payable on January 15, 2025, to Unitholders of record as at December 31, 2024. Declared Dividend • Nov 20
Dividend of CA$0.074 announced Shareholders will receive a dividend of CA$0.074. Ex-date: 29th November 2024 Payment date: 13th December 2024 Dividend yield will be 6.3%, which is about the same as the industry average. Announcement • Nov 19
Crombie REIT Announces Monthly Distribution for the Month of November 2024, Payable on December 13, 2024 Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for the period from November 1, 2024, to and including November 30, 2024. The distribution will be payable on December 13, 2024, to Unitholders of record as at November 30, 2024. Reported Earnings • Nov 07
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: CA$115.5m (up 9.3% from 3Q 2023). Net income: CA$26.6m (down 4.4% from 3Q 2023). Profit margin: 23% (down from 26% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Retail REITs industry in Canada. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 7% per year. Announcement • Nov 07
An undisclosed buyer acquired two retail properties totalling 338,000 square feet for CAD 0.006 million from Crombie Real Estate Investment Trust (TSX:CRR.UN) An undisclosed buyer acquired two retail properties totalling 338,000 square feet for CAD 0.006 million from Crombie Real Estate Investment Trust (TSX:CRR.UN) on October 8, 2024. As part of consideration, CAD 0.006 million is paid towards assets of two retail properties totalling 338,000 square feet.
An undisclosed buyer completed the acquisition of two retail properties totalling 338,000 square feet from Crombie Real Estate Investment Trust (TSX:CRR.UN) on October 8, 2024. Declared Dividend • Oct 20
Dividend of CA$0.074 announced Shareholders will receive a dividend of CA$0.074. Ex-date: 31st October 2024 Payment date: 15th November 2024 Dividend yield will be 5.7%, which is lower than the industry average of 6.2%. Announcement • Oct 16
Crombie REIT Announces October 2024 Monthly Distribution, Payable on November 15, 2024 Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for the period from October 1, 2024, to and including October 31, 2024. The distribution will be payable on November 15, 2024, to Unitholders of record as at October 31, 2024. Announcement • Oct 09
Crombie Real Estate Investment Trust announced that it expects to receive CAD 299.937 million in funding Crombie Real Estate Investment Trust announced that it has entered into an agreement on a best-efforts basis to issue Series M Senior Unsecured Notes maturing January 15, 2032 of aggregate principal amount of CAD 300 million for aggregate gross proceeds of CAD 299.937 million on October 8, 2024. The notes were offered at a price of CAD 999.79 per CAD 1,000 principal amount and will bear a fixed interest rate of 4.732% per annum. The notes will mature on January 15, 2032. The company expects to close the transaction on or about October 11, 2024 and is subject to customary closing conditions, including receipt of necessary consents and approvals. Announcement • Oct 05
Crombie Real Estate Investment Trust to Report Q3, 2024 Results on Nov 06, 2024 Crombie Real Estate Investment Trust announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Announcement • Oct 02
Crombie Real Estate Investment Trust (TSX:CRR.UN) has entered into a binding agreement to acquire remaining 50% stake in Zephyr Westbank West Tower from Westbank Corp for approximately $130 million. Crombie Real Estate Investment Trust (TSX:CRR.UN) has entered into a binding agreement to acquire remaining 50% stake in Zephyr Westbank West Tower from Westbank Corp for approximately $130 million on September 30, 2024. As a result of the acquisition, Crombie will fully consolidate Zephyr and assume the additional 50% of existing mortgages, equivalent to approximately $89 million, with remaining term to maturity of over three years with the balance of the purchase price funded by drawing on a new unsecured bank credit facility. Together, the debt has an attractive blended interest rate of 3.4%. Through this acquisition, Crombie will now own 100% of the residential component, in addition to its existing full ownership of the ground floor grocery-anchored retail.
Upon closing of this transaction, Crombie will become the sole owner of one of Canada's premier rental residential assets. The transaction is subject to antitrust regulations i.e., Competition Bureau approval. The expected completion of the transaction is October 2024. This Acquisition will result in a slight uptick to Crombie's leverage to the low 9.0 times (x) range from 8.6x in the last 12 months ended June 30, 2024. The Acquisition is expected to result in Crombie's secured debt-to-total debt being marginally below 40% over the next few quarters compared with 43.1% for the last 12 months ended June 30, 2024. Declared Dividend • Sep 19
Dividend of CA$0.074 announced Shareholders will receive a dividend of CA$0.074. Ex-date: 27th September 2024 Payment date: 15th October 2024 Dividend yield will be 5.6%, which is lower than the industry average of 6.2%. Announcement • Sep 16
Crombie Real Estate Investment Trust Announces Dividend for September 1, 2024, to and Including September 30, 2024, Payable on October 15, 2024 Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for the period from September 1, 2024, to and including September 30, 2024. The distribution will be payable on October 15, 2024, to Unitholders of record as at September 30, 2024. Declared Dividend • Aug 19
Dividend of CA$0.074 announced Shareholders will receive a dividend of CA$0.074. Ex-date: 30th August 2024 Payment date: 13th September 2024 Dividend yield will be 6.3%, which is about the same as the industry average. Announcement • Aug 16
Crombie Real Estate Investment Trust Announces Monthly Distribution for the Period from August 1, 2024, to and including August 31, 2024, Payable on September 13, 2024 Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for the period from August 1, 2024, to and including August 31, 2024. The distribution will be payable on September 13, 2024, to Unitholders of record as at August 31, 2024. Reported Earnings • Aug 08
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: CA$118.5m (up 9.1% from 2Q 2023). Net income: CA$29.3m (up 50% from 2Q 2023). Profit margin: 25% (up from 18% in 2Q 2023). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Retail REITs industry in Canada. Announcement • Aug 08
Crombie Real Estate Investment Trust Appoints Kara Cameron as CFO Crombie Real Estate Investment Trust announced that Kara Cameron has been appointed as Chief Financial Officer ("CFO"), effective immediately. Kara has been serving as Interim CFO since February 2024. She is a Chartered Professional Accountant with nearly 20 years of experience in progressively senior financial leadership roles, including five years at Crombie as Vice President, Accounting and Financial Reporting, before her appointment as Interim CFO. Kara holds a Bachelor of Business Administration degree from St. Francis Xavier University and is a graduate of the Harvard Business School, Certificate of Management Excellence program. Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Vivek Sood was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Jul 18
Dividend of CA$0.074 announced Shareholders will receive a dividend of CA$0.074. Ex-date: 31st July 2024 Payment date: 15th August 2024 Dividend yield will be 6.6%, which is higher than the industry average of 6.2%. Announcement • Jul 17
Crombie Real Estate Investment Trust Announces Monthly Distribution for the Period from July 1, 2024, to and Including July 31, 2024, Payable on August 15, 2024 Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for the period from July 1, 2024, to and including July 31, 2024. The distribution will be payable on August 15, 2024, to Unitholders of record as at July 31, 2024. Announcement • Jul 15
Crombie Real Estate Investment Trust Announces Changes to Board of Trustees Crombie Real Estate Investment Trust announced changes to its Board of Trustees. Crombie announced Empire Company Limited's appointment of Vivek Sood to Crombie's Board of Trustees in replacement of Heidi Jamieson-Mills, effective July 15, 2024. Born in Uganda and raised in Crombie's hometown of Pictou County, Vivek has spent the last 25 years of his career with Empire and Sobeys Inc., where he held various senior positions, including Vice President, Finance & Administration, Senior Vice President, Pharmacy Group, and Executive Vice President, Related Businesses. Prior to retiring in July 2024, Vivek was also Executive Sponsor of Empire's Diversity, Equity, and Inclusion strategy, as well as for their Enterprise Resource Planning initiative. Vivek holds a Bachelor of Commerce degree from Dalhousie University and a Master of Business Administration from Saint Mary's University. He received his Chartered Financial Analyst Designation in 2004 and completed the ICD-Rotman Directors Education Program in 2021. Vivek was appointed pursuant to Empire subsidiary ECL Developments Limited's right under Section 3.8 of Crombie's Amended and Restated Declaration of Trust to appoint up to four trustees, based on ECL's current ownership level and size of the Board. Announcement • Jul 09
Crombie Real Estate Investment Trust to Report Q2, 2024 Results on Aug 07, 2024 Crombie Real Estate Investment Trust announced that they will report Q2, 2024 results After-Market on Aug 07, 2024 Declared Dividend • Jun 19
Dividend of CA$0.074 announced Shareholders will receive a dividend of CA$0.074. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 7.2%, which is higher than the industry average of 6.2%. Announcement • Jun 18
Crombie Real Estate Investment Trust Announces Distribution for the Period from June 1, 2024, to and Including June 30, 2024, Payable on July 15, 2024 Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for the period from June 1, 2024, to and including June 30, 2024. The distribution will be payable on July 15, 2024, to Unitholders of record as at June 30, 2024. Declared Dividend • May 20
Dividend of CA$0.074 announced Shareholders will receive a dividend of CA$0.074. Ex-date: 31st May 2024 Payment date: 14th June 2024 Dividend yield will be 6.9%, which is higher than the industry average of 6.2%. Announcement • May 16
Crombie Real Estate Investment Trust Announces May 2024 Monthly Distribution, Payable on June 14, 2024 Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for the period from May 1, 2024, to and including May 31, 2024. The distribution will be payable on June 14, 2024, to Unitholders of record as at May 31, 2024. Reported Earnings • May 09
First quarter 2024 earnings released First quarter 2024 results: Revenue: CA$119.4m (up 9.3% from 1Q 2023). Net income: CA$26.2m (up 4.1% from 1Q 2023). Profit margin: 22% (down from 23% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Retail REITs industry in Canada. Upcoming Dividend • Apr 25
Upcoming dividend of CA$0.074 per share Eligible shareholders must have bought the stock before 29 April 2024. Payment date: 15 May 2024. Trailing yield: 6.9%. Within top quartile of Canadian dividend payers (6.6%). In line with average of industry peers (6.7%). Declared Dividend • Apr 19
Dividend of CA$0.074 announced Shareholders will receive a dividend of CA$0.074. Ex-date: 29th April 2024 Payment date: 15th May 2024 Dividend yield will be 7.0%, which is higher than the industry average of 6.2%. Announcement • Apr 16
Crombie Reit Announces April 2024 Monthly Distribution, Payable on May 15, 2024 Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for the period from April 1, 2024, to and including April 30, 2024. The distribution will be payable on May 15, 2024, to Unitholders of record as at April 30, 2024. Announcement • Apr 04
Crombie Real Estate Investment Trust to Report Q1, 2024 Results on May 08, 2024 Crombie Real Estate Investment Trust announced that they will report Q1, 2024 results After-Market on May 08, 2024 Announcement • Mar 30
Crombie Real Estate Investment Trust, Annual General Meeting, May 09, 2024 Crombie Real Estate Investment Trust, Annual General Meeting, May 09, 2024, at 11:00 Atlantic Daylight. Location: Cineplex Cinemas 612 East River Road New Glasgow Nova Scotia Canada Agenda: To receive and consider the Financial Statements of Crombie for the year ended December 31, 2023, together with the report of the auditors thereon and related management discussion and analysis, as detailed in the information circular; to elect Trustees for 2024, as detailed in the information circular; to appoint the auditors for 2024, as detailed in the information circular; to authorize the Trustees to fix the remuneration of the auditors, as detailed in the information circular; to consider an advisory resolution on executive compensation, as detailed in the information circular; and to transact such other business as may properly come before the meeting. Declared Dividend • Mar 20
Dividend of CA$0.074 announced Shareholders will receive a dividend of CA$0.074. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 6.4%, which is about the same as the industry average. Announcement • Mar 18
Crombie Real Estate Investment Trust Announces Monthly Distribution for the Period Ending March 31, 2024, Payable on April 15, 2024 Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for the period from March 1, 2024, to and including March 31, 2024. The distribution will be payable on April 15, 2024, to Unitholders of record as at March 31, 2024. Reported Earnings • Feb 22
Full year 2023 earnings released Full year 2023 results: Revenue: CA$444.4m (up 6.4% from FY 2022). Net income: CA$98.8m (down 41% from FY 2022). Profit margin: 22% (down from 40% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 2.9% growth forecast for the Retail REITs industry in Canada. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Feb 21
Upcoming dividend of CA$0.074 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 15 March 2024. Trailing yield: 6.4%. Within top quartile of Canadian dividend payers (6.4%). In line with average of industry peers (6.3%). Declared Dividend • Feb 19
Dividend of CA$0.074 announced Shareholders will receive a dividend of CA$0.074. Ex-date: 28th February 2024 Payment date: 15th March 2024 Dividend yield will be 6.4%, which is about the same as the industry average. Announcement • Feb 16
Crombie Real Estate Investment Trust Announces February 2024 Monthly Distribution, Payable on March 15, 2024 Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for the period from February 1, 2024, to and including February 29, 2024. The distribution will be payable on March 15, 2024, to Unitholders of record as at February 29, 2024. Announcement • Jan 24
Crombie Real Estate Investment Trust Announces Chief Financial Officer Changes Crombie Real Estate Investment Trust announced that Clinton Keay will be resigning as Chief Financial Officer (CFO), effective February 23, 2024. Clinton will be joining Empire Company Limited as Senior Vice President, Corporate Finance. Kara Cameron, currently Vice President, Accounting and Financial Reporting, at Crombie will serve as Interim CFO while a search for a permanent CFO is conducted. Ms. Cameron is a chartered professional accountant with nearly 20 years of experience in progressively senior financial leadership roles, including five years in her current role at Crombie. Upcoming Dividend • Jan 23
Upcoming dividend of CA$0.074 per share at 6.4% yield Eligible shareholders must have bought the stock before 30 January 2024. Payment date: 15 February 2024. Trailing yield: 6.4%. Lower than top quartile of Canadian dividend payers (6.5%). In line with average of industry peers (6.2%). Announcement • Jan 16
Crombie Real Estate Investment Trust Announces Monthly Distribution for the Period from January 1, 2024 to January 31, 2024, Payable on February 15, 2024 Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for the period from January 1, 2024, to and including January 31, 2024. The distribution will be payable on February 15, 2024, to Unitholders of record as at January 31, 2024. Announcement • Jan 09
Crombie Real Estate Investment Trust to Report Q4, 2023 Results on Feb 21, 2024 Crombie Real Estate Investment Trust announced that they will report Q4, 2023 results After-Market on Feb 21, 2024 Announcement • Dec 16
Crombie Real Estate Investment Trust Announces Monthly Distribution from December 1, 2023 to December 31, 2023, Payable on January 15, 2024 Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for the period from December 1, 2023, to and including December 31, 2023. The distribution will be payable on January 15, 2024, to Unitholders of record as at December 31, 2023. Buying Opportunity • Nov 17
Now 20% undervalued Over the last 90 days, the stock is up 2.8%. The fair value is estimated to be CA$16.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 25%. Announcement • Nov 17
Crombie Real Estate Investment Trust Announces Monthly Distribution for November 2023, Payable on December 15, 2023 Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for the period from November 1, 2023, to and including November 30, 2023. The distribution will be payable on December 15, 2023, to Unitholders of record as at November 30, 2023. Reported Earnings • Nov 10
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: CA$104.8m (up 1.9% from 3Q 2022). Net income: CA$27.8m (up 5.2% from 3Q 2022). Profit margin: 27% (in line with 3Q 2022). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Retail REITs industry in Canada. Upcoming Dividend • Oct 23
Upcoming dividend of CA$0.074 per share at 7.3% yield Eligible shareholders must have bought the stock before 30 October 2023. Payment date: 15 November 2023. Trailing yield: 7.3%. Within top quartile of Canadian dividend payers (6.8%). In line with average of industry peers (7.0%). Announcement • Oct 14
Crombie Real Estate Investment Trust Announces Distribution for the Period from October 1, 2023 to October 31, 2023, Payable on November 15, 2023 Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for the period from October 1, 2023, to and including October 31, 2023. The distribution will be payable on November 15, 2023, to Unitholders of record as at October 31, 2023. Announcement • Oct 07
Crombie Real Estate Investment Trust to Report Q3, 2023 Results on Nov 08, 2023 Crombie Real Estate Investment Trust announced that they will report Q3, 2023 results After-Market on Nov 08, 2023 Announcement • Sep 16
Crombie Real Estate Investment Trust Announces Dividend for the Month of September 2023, Payable on October 13, 2023 Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for the period from September 1, 2023, to and including September 30, 2023. The distribution will be payable on October 13, 2023, to Unitholders of record as at September 30, 2023. Upcoming Dividend • Aug 23
Upcoming dividend of CA$0.074 per share at 7.0% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 15 September 2023. Trailing yield: 7.0%. Within top quartile of Canadian dividend payers (6.2%). In line with average of industry peers (6.4%). Announcement • Aug 17
Crombie Real Estate Investment Trust Announces Dividend for the Period from August 1, 2023, to and Including August 31, 2023, Payable on September 15, 2023 Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for the period from August 1, 2023, to and including August 31, 2023. The distribution will be payable on September 15, 2023, to Unitholders of record as at August 31, 2023. New Risk • Aug 11
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 117% Dividend yield: 6.5% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Dividend is not well covered by earnings (117% payout ratio). Large one-off items impacting financial results. Reported Earnings • Aug 11
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: CA$110.0m (up 8.5% from 2Q 2022). Net income: CA$19.6m (down 31% from 2Q 2022). Profit margin: 18% (down from 28% in 2Q 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Retail REITs industry in Canada. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.