Crombie Real Estate Investment Trust
Market Cap
CA$2.4b
Last Updated
2019/12/12 00:02 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.
Rewards
Risk Analysis
Snowflake Analysis
6 star dividend payer with proven track record.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.8%
CRR.UN
-1.6%
CA REITs
0.4%
CA Market
1 Year Return
21.1%
CRR.UN
14.5%
CA REITs
10.6%
CA Market
Return vs Industry: CRR.UN exceeded the Canadian REITs industry which returned 14.5% over the past year.
Return vs Market: CRR.UN exceeded the Canadian Market which returned 10.6% over the past year.
Shareholder returns
| CRR.UN | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.8% | -1.6% | 0.4% |
| 30 Day | 0.4% | 0.8% | 0.01% |
| 90 Day | 0.4% | 2.7% | 0.7% |
| 1 Year | 28.6%21.1% | 20.5%14.5% | 14.3%10.6% |
| 3 Year | 42.5%17.4% | 43.9%21.5% | 15.9%5.4% |
| 5 Year | 70.4%23.1% | 69.2%26.6% | 35.2%15.2% |
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
6 days ago | Simply Wall St
How Many Crombie Real Estate Investment Trust (TSE:CRR.UN) Shares Did Insiders Buy, In The Last Year?3 weeks ago | Simply Wall St
Crombie Real Estate Investment Trust (TSE:CRR.UN) Has A ROE Of 9.5%1 month ago | Simply Wall St
Crombie Real Estate Investment Trust (TSE:CRR.UN) Is About To Go Ex-Dividend, And It Pays A 0.5% YieldValuation
Is Crombie Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
40.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CRR.UN (CA$15.69) is trading below our estimate of fair value (CA$26.29)
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 (17.2x) compared to the REITs industry average (10.7x).
PE vs Market: CRR.UN is poor value based on its PE Ratio (17.2x) compared to the Canadian market (15.1x).
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 (1.6x) compared to the CA REITs industry average (1.1x).
Next Steps
Future Growth
How is Crombie Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
-0.3%
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 (1.4%).
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 is expected to decline over the next 3 years (-0.3% per year).
High Growth Revenue: CRR.UN's revenue is forecast to decline over the next 3 years (-0.3% 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
Next Steps
Past Performance
How has Crombie Real Estate Investment Trust performed over the past 5 years?
15.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CRR.UN has a large one-off gain of CA$31.8M impacting its September 30 2019 financial results.
Growing Profit Margin: CRR.UN's current net profit margins (33.9%) are higher than last year (27.5%).
Past Earnings Growth Analysis
Earnings Trend: CRR.UN's earnings have grown by 15.1% per year over the past 5 years.
Accelerating Growth: CRR.UN's earnings growth over the past year (20.5%) exceeds its 5-year average (15.1% per year).
Earnings vs Industry: CRR.UN earnings growth over the past year (20.5%) exceeded the REITs industry 7%.
Return on Equity
High ROE: CRR.UN's Return on Equity (9.5%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Crombie Real Estate Investment Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: CRR.UN has a high level of physical assets or inventory.
Debt Coverage by Assets: CRR.UN's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: CRR.UN's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if CRR.UN has a sufficient allowance for bad loans.
Low Risk Liabilities: CRR.UN reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if CRR.UN has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CRR.UN has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if CRR.UN has an appropriate level of bad loans.
Next Steps
Dividend
What is Crombie Real Estate Investment Trust's current dividend yield, its reliability and sustainability?
5.67%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CRR.UN's dividend (5.67%) is higher than the bottom 25% of dividend payers in the Canadian market (2%).
High Dividend: CRR.UN's dividend (5.67%) is in the top 25% of dividend payers in the Canadian market (5.65%)
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 increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (97.6%), CRR.UN's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CRR.UN's dividends in 3 years are forecast to be thoroughly covered by earnings (0.5% payout ratio).
Next Steps
Management
What is the CEO of Crombie Real Estate Investment Trust's salary, the management and board of directors tenure and is there insider trading?
3.3yrs
Average management tenure
CEO
Don Clow (57yo)
10.3yrs
Tenure
CA$2,763,996
Compensation
Mr. Donald E. Clow, also known as Don, FCPA, FCA, has been the President and the Chief Executive Officer of Crombie Real Estate Investment Trust since August 6, 2009. Mr. Clow served as the President at EC ...
CEO Compensation Analysis
Compensation vs Market: Don's total compensation ($USD2.09M) is about average for companies of similar size in the Canadian market ($USD2.21M).
Compensation vs Earnings: Don's compensation has increased by more than 20% in the past year.
Management Age and Tenure
3.3yrs
Average Tenure
56yo
Average Age
Experienced Management: CRR.UN's management team is considered experienced (3.3 years average tenure).
Board Age and Tenure
4.4yrs
Average Tenure
61.5yo
Average Age
Experienced Board: CRR.UN's board of directors are considered experienced (4.4 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Trustee |
| Shares | 10,000 |
| Max Price | CA$15.57 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Trustee |
| Shares | 20,000 |
| Max Price | CA$15.43 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Glenn Hynes (56yo)
COO & Executive VP
- Tenure: 1.1yrs
- Compensation: CA$1.17m
Clinton Keay
CFO & Secretary
- Tenure: 0.6yrs
Don Clow (57yo)
President
- Tenure: 10.3yrs
- Compensation: CA$2.76m
Cheryl Fraser (61yo)
Chief Talent Officer & VP of Communications
- Tenure: 3.3yrs
- Compensation: CA$363.27k
Trevor Lee (51yo)
Senior VP of Development & Construction
- Tenure: 3.3yrs
- Compensation: CA$566.74k
Fred Santini
General Counsel
- Tenure: 3.3yrs
John Barnoski (46yo)
Senior Vice President of Corporate Development
- Tenure: 3.3yrs
- Compensation: CA$595.03k
Arie Bitton
Senior Vice President of Leasing & Operations
- Tenure: 0.9yrs
Kara Dort
Vice President of Accounting & Financial Reporting
- Tenure: 0yrs
Jayme Kruger
Vice President of Investments
- Tenure: 0yrs
Board Members
John Eby (67yo)
Lead Independent Trustee
- Tenure: 8.6yrs
- Compensation: CA$113.50k
Paul Sobey (62yo)
- Tenure: 13.8yrs
- Compensation: CA$90.00k
Paul Beesley (61yo)
Independent Trustee
- Tenure: 0.8yrs
- Compensation: CA$62.00k
Mike Knowlton (68yo)
Independent Chairman of the Board
- Tenure: 0.6yrs
- Compensation: CA$110.50k
Jim Dickson (61yo)
Independent Trustee
- Tenure: 2.5yrs
- Compensation: CA$87.50k
Elisabeth Stroback (67yo)
Independent Trustee
- Tenure: 13.8yrs
- Compensation: CA$96.00k
Barb Palk (67yo)
Independent Trustee
- Tenure: 5.6yrs
- Compensation: CA$104.50k
Don Clow (57yo)
President
- Tenure: 10.3yrs
- Compensation: CA$2.76m
Jason Shannon (47yo)
Independent Trustee
- Tenure: 3.2yrs
- Compensation: CA$99.00k
Jana Sobey (43yo)
Independent Trustee
- Tenure: 0.6yrs
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$2.380b
- Shares outstanding: 151.71m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CRR.UN | TSX (The Toronto Stock Exchange) | Yes | Ordinary Units | CA | CAD | Mar 2006 |
| CROM.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Units | US | USD | Mar 2006 |
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/12 00:02 |
| End of Day Share Price | 2019/12/11 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.