company background image
CRR.UN logo

Crombie Real Estate Investment Trust TSX:CRR.UN Stock Report

Last Price

CA$13.80

Market Cap

CA$2.4b

7D

-0.6%

1Y

-0.2%

Updated

20 Dec, 2024

Data

Company Financials +

Crombie Real Estate Investment Trust

TSX:CRR.UN Stock Report

Market Cap: CA$2.4b

CRR.UN Stock Overview

Crombie invests in real estate that enriches local communities and enables long-term sustainable growth. More details

CRR.UN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health1/6
Dividends4/6

Rewards

Trading at 31.1% below our estimate of its fair value

Pays a reliable dividend of 6.45%

Risk Analysis

Interest payments are not well covered by earnings

Profit margins (23.7%) are lower than last year (35.2%)


My Notes

Capture your thoughts, links and company narrative

Crombie Real Estate Investment Trust Competitors

CT Real Estate Investment Trust

TSX:CRT.UN

CA$3.3b

First Capital Real Estate Investment Trust

TSX:FCR.UN

CA$3.6b

SmartCentres Real Estate Investment Trust

TSX:SRU.UN

CA$4.2b

RioCan Real Estate Investment Trust

TSX:REI.UN

CA$5.4b

Price History & Performance

Summary of share price highs, lows and changes for Crombie Real Estate Investment Trust
Historical stock prices
Current Share PriceCA$13.80
52 Week HighCA$16.22
52 Week LowCA$12.25
Beta0.92
1 Month Change-2.82%
3 Month Change-13.21%
1 Year Change-0.22%
3 Year Change-24.47%
5 Year Change-14.92%
Change since IPO29.82%

Recent News & Updates

Recent updates

Shareholder Returns

CRR.UNCA Retail REITsCA Market
7D-0.6%-4.2%-3.7%
1Y-0.2%0.1%15.0%

Return vs Industry: CRR.UN matched the Canadian Retail REITs industry which returned 0.1% over the past year.

Return vs Market: CRR.UN underperformed the Canadian Market which returned 15% over the past year.

Price Volatility

Is CRR.UN's price volatile compared to industry and market?
CRR.UN volatility
CRR.UN Average Weekly Movement2.3%
Retail REITs Industry Average Movement2.2%
Market Average Movement8.2%
10% most volatile stocks in CA Market17.6%
10% least volatile stocks in CA Market2.9%

Stable Share Price: CRR.UN has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: CRR.UN's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006303Mark Hollywww.crombie.ca

Crombie invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at December 31, 2023, our portfolio contains 304 properties comprising approximately 19.2 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects.

Crombie Real Estate Investment Trust Fundamentals Summary

How do Crombie Real Estate Investment Trust's earnings and revenue compare to its market cap?
CRR.UN fundamental statistics
Market capCA$2.42b
Earnings (TTM)CA$108.42m
Revenue (TTM)CA$457.87m

23.4x

P/E Ratio

5.5x

P/S Ratio

Is CRR.UN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CRR.UN income statement (TTM)
RevenueCA$457.87m
Cost of RevenueCA$156.26m
Gross ProfitCA$301.61m
Other ExpensesCA$193.19m
EarningsCA$108.42m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.59
Gross Margin65.87%
Net Profit Margin23.68%
Debt/Equity Ratio120.9%

How did CRR.UN perform over the long term?

See historical performance and comparison

Dividends

6.4%

Current Dividend Yield

55%

Payout Ratio

Does CRR.UN pay a reliable dividends?

See CRR.UN dividend history and benchmarks
When do you need to buy CRR.UN by to receive an upcoming dividend?
Crombie Real Estate Investment Trust dividend dates
Ex Dividend DateDec 31 2024
Dividend Pay DateJan 15 2025
Days until Ex dividend10 days
Days until Dividend pay date25 days

Does CRR.UN pay a reliable dividends?

See CRR.UN dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 22:33
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Crombie Real Estate Investment Trust is covered by 19 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Karine MacIndoeBMO Capital Markets Equity Research
Michael MarkidisBMO Capital Markets Equity Research
Mark RothschildCanaccord Genuity