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Crombie Real Estate Investment Trust

Market Cap

CA$2.5b

Last Updated

2021/04/11 22:56 UTC

Data Sources

Company Financials +

Executive Summary

Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. More Details


Snowflake Analysis

Average dividend payer and slightly overvalued.

Share Price & News

How has Crombie Real Estate Investment Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CRR.UN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: CRR.UN's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

1.3%

CRR.UN

2.7%

CA REITs

1.0%

CA Market


1 Year Return

20.6%

CRR.UN

17.4%

CA REITs

39.2%

CA Market

Return vs Industry: CRR.UN exceeded the Canadian REITs industry which returned 17.4% over the past year.

Return vs Market: CRR.UN underperformed the Canadian Market which returned 39.2% over the past year.


Shareholder returns

CRR.UNIndustryMarket
7 Day1.3%2.7%1.0%
30 Day3.3%3.0%1.3%
90 Day11.7%11.1%8.1%
1 Year28.7%20.6%24.0%17.4%44.0%39.2%
3 Year57.0%28.8%26.8%7.8%32.2%19.6%
5 Year56.5%13.0%42.6%7.8%59.4%35.3%

Long-Term Price Volatility Vs. Market

How volatile is Crombie Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Crombie Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?

43.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CRR.UN (CA$15.99) is trading below our estimate of fair value (CA$28.22)

Significantly Below Fair Value: CRR.UN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CRR.UN is poor value based on its PE Ratio (37.4x) compared to the CA REITs industry average (11x).

PE vs Market: CRR.UN is poor value based on its PE Ratio (37.4x) compared to the Canadian market (17.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CRR.UN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CRR.UN is overvalued based on its PB Ratio (1.7x) compared to the CA REITs industry average (0.9x).


Future Growth

How is Crombie Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

5.5%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CRR.UN's forecast earnings growth is above the savings rate (1.5%).

Earnings vs Market: Insufficient data to determine if CRR.UN's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CRR.UN's revenue (5.5% per year) is forecast to grow slower than the Canadian market (7.2% per year).

High Growth Revenue: CRR.UN's revenue (5.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CRR.UN's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Crombie Real Estate Investment Trust performed over the past 5 years?

0.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CRR.UN has high quality earnings.

Growing Profit Margin: CRR.UN's current net profit margins (17.4%) are lower than last year (40.5%).


Past Earnings Growth Analysis

Earnings Trend: CRR.UN's earnings have grown by 0.7% per year over the past 5 years.

Accelerating Growth: CRR.UN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CRR.UN had negative earnings growth (-58.2%) over the past year, making it difficult to compare to the REITs industry average (-17.1%).


Return on Equity

High ROE: CRR.UN's Return on Equity (4.6%) is considered low.


Financial Health

How is Crombie Real Estate Investment Trust's financial position?


Financial Position Analysis

Short Term Liabilities: CRR.UN's short term assets (CA$162.7M) do not cover its short term liabilities (CA$435.1M).

Long Term Liabilities: CRR.UN's short term assets (CA$162.7M) do not cover its long term liabilities (CA$2.2B).


Debt to Equity History and Analysis

Debt Level: CRR.UN's debt to equity ratio (166.1%) is considered high.

Reducing Debt: CRR.UN's debt to equity ratio has reduced from 188.9% to 166.1% over the past 5 years.

Debt Coverage: CRR.UN's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: CRR.UN's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet


Dividend

What is Crombie Real Estate Investment Trust current dividend yield, its reliability and sustainability?

5.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CRR.UN's dividend (5.57%) is higher than the bottom 25% of dividend payers in the Canadian market (1.49%).

High Dividend: CRR.UN's dividend (5.57%) is in the top 25% of dividend payers in the Canadian market (4.81%)


Stability and Growth of Payments

Stable Dividend: CRR.UN's dividends per share have been stable in the past 10 years.

Growing Dividend: CRR.UN's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (208.3%), CRR.UN's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CRR.UN's dividends in 3 years are forecast to be covered by earnings (72.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.6yrs

Average management tenure


CEO

Don Clow (58 yo)

11.67yrs

Tenure

CA$2,541,681

Compensation

Mr. Donald E. Clow, also known as Don, FCPA, FCA, has been the President and the Chief Executive Officer of Crombie Real Estate Investment Trust since August 6, 2009. Mr. Clow served as the President at EC...


CEO Compensation Analysis

Compensation vs Market: Don's total compensation ($USD2.02M) is about average for companies of similar size in the Canadian market ($USD2.07M).

Compensation vs Earnings: Don's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CRR.UN's management team is considered experienced (4.6 years average tenure).


Board Members

Experienced Board: CRR.UN's board of directors are considered experienced (4.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Crombie Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Crombie Real Estate Investment Trust
  • Ticker: CRR.UN
  • Exchange: TSX
  • Founded: 2006
  • Industry: Retail REITs
  • Sector: Real Estate
  • Market Cap: CA$2.531b
  • Shares outstanding: 158.28m
  • Website: https://www.crombiereit.com

Number of Employees


Location

  • Crombie Real Estate Investment Trust
  • 610 East River Road
  • Suite 200
  • New Glasgow
  • Nova Scotia
  • B2H 3S2
  • Canada

Listings


Biography

Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/11 22:56
End of Day Share Price2021/04/09 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.