Crombie Real Estate Investment Trust

TSX:CRR.UN Stock Report

Market Cap: CA$2.6b

Crombie Real Estate Investment Trust Valuation

Is CRR.UN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CRR.UN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CRR.UN (CA$14.2) is trading below our estimate of fair value (CA$20.23)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CRR.UN?

Key metric: As CRR.UN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CRR.UN. This is calculated by dividing CRR.UN's market cap by their current earnings.
What is CRR.UN's PE Ratio?
PE Ratio24x
EarningsCA$108.42m
Market CapCA$2.64b

Price to Earnings Ratio vs Peers

How does CRR.UN's PE Ratio compare to its peers?

The above table shows the PE ratio for CRR.UN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.5x
CRT.UN CT Real Estate Investment Trust
22.9xn/aCA$3.6b
FCR.UN First Capital Real Estate Investment Trust
10.9xn/aCA$3.8b
SRU.UN SmartCentres Real Estate Investment Trust
27.5xn/aCA$4.4b
REI.UN RioCan Real Estate Investment Trust
24.6x28.3%CA$5.7b
CRR.UN Crombie Real Estate Investment Trust
24xn/aCA$2.6b

Price-To-Earnings vs Peers: CRR.UN is expensive based on its Price-To-Earnings Ratio (24x) compared to the peer average (21.5x).

Price to Earnings Ratio vs Industry

How does CRR.UN's PE Ratio compare vs other companies in the North American Retail REITs Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CRR.UN 24.0xIndustry Avg. 28.3xNo. of Companies8PE01632486480+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CRR.UN is good value based on its Price-To-Earnings Ratio (24x) compared to the North American Retail REITs industry average (28.1x).

Price to Earnings Ratio vs Fair Ratio

What is CRR.UN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CRR.UN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CRR.UN's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CRR.UN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$14.20
CA$16.31
+14.8%
4.1%CA$17.25CA$15.00n/a9
Nov ’25CA$14.62
CA$16.25
+11.1%
5.8%CA$18.00CA$15.00n/a9
Oct ’25CA$15.93
CA$15.61
-2.0%
3.7%CA$16.75CA$15.00n/a9
Sep ’25CA$14.72
CA$15.33
+4.2%
4.3%CA$16.25CA$14.00n/a9
Aug ’25CA$13.69
CA$15.22
+11.2%
4.1%CA$16.00CA$14.00n/a9
Jul ’25CA$12.75
CA$15.17
+19.0%
4.5%CA$16.00CA$14.00n/a9
Jun ’25CA$12.62
CA$15.17
+20.2%
4.5%CA$16.00CA$14.00n/a9
May ’25CA$12.74
CA$15.42
+21.0%
5.4%CA$17.00CA$14.25n/a9
Apr ’25CA$13.67
CA$15.61
+14.2%
4.7%CA$17.00CA$14.50n/a9
Mar ’25CA$13.86
CA$15.50
+11.8%
4.8%CA$17.00CA$14.50n/a8
Feb ’25CA$13.72
CA$15.34
+11.8%
5.9%CA$17.00CA$14.50n/a8
Jan ’25CA$13.80
CA$15.22
+10.3%
6.6%CA$17.00CA$14.00n/a8
Dec ’24CA$13.30
CA$15.03
+13.0%
7.7%CA$17.00CA$13.50n/a8
Nov ’24CA$12.62
CA$15.68
+24.2%
12.1%CA$18.25CA$13.50CA$14.627
Oct ’24CA$12.49
CA$16.82
+34.7%
6.6%CA$18.25CA$15.00CA$15.937
Sep ’24CA$13.52
CA$16.89
+24.9%
6.3%CA$18.25CA$15.00CA$14.727
Aug ’24CA$13.79
CA$17.46
+26.6%
6.9%CA$19.50CA$15.75CA$13.697
Jul ’24CA$13.68
CA$17.89
+30.8%
6.4%CA$19.50CA$15.75CA$12.757
Jun ’24CA$14.22
CA$18.04
+26.8%
6.7%CA$19.50CA$15.75CA$12.627
May ’24CA$15.40
CA$18.04
+17.1%
6.7%CA$19.50CA$15.75CA$12.747
Apr ’24CA$15.24
CA$18.04
+18.3%
6.7%CA$19.50CA$15.75CA$13.677
Mar ’24CA$15.94
CA$18.04
+13.1%
6.7%CA$19.50CA$15.75CA$13.867
Feb ’24CA$16.37
CA$18.00
+10.0%
6.8%CA$19.50CA$15.75CA$13.727
Jan ’24CA$15.86
CA$18.11
+14.2%
6.2%CA$19.50CA$15.75CA$13.809
Dec ’23CA$16.31
CA$18.00
+10.4%
5.7%CA$19.50CA$15.75CA$13.309
Nov ’23CA$15.04
CA$17.92
+19.1%
6.0%CA$19.75CA$15.75CA$12.629

Analyst Forecast: Target price is less than 20% higher than the current share price.

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