Financials Crombie Real Estate Investment Trust

Equities

CRR.UN

CA2271071094

Commercial REITs

Market Closed - Toronto S.E. 04:00:00 2024-05-31 pm EDT 5-day change 1st Jan Change
12.62 CAD -.--% Intraday chart for Crombie Real Estate Investment Trust -1.71% -8.55%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,418 2,271 3,065 2,825 2,494 2,297 - -
Enterprise Value (EV) 1 2,418 2,271 3,065 2,825 2,494 2,297 2,297 2,297
P/E ratio - - - - - - - -
Yield 5.58% 6.2% 4.78% 5.61% 6.45% 7.05% 7.11% -
Capitalization / Revenue - 5.84 x 7.5 x 6.73 x 5.66 x 4.76 x 4.61 x 4.45 x
EV / Revenue - 5.84 x 7.5 x 6.73 x 5.66 x 4.76 x 4.61 x 4.45 x
EV / EBITDA 9.4 x 9.53 x 11.9 x 10.8 x 9.45 x 8 x 7.72 x 7.61 x
EV / FCF - -10 x 36.6 x 204 x 18.4 x 45.9 x 29.8 x -
FCF Yield - -9.96% 2.73% 0.49% 5.44% 2.18% 3.35% -
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 151,714 158,239 164,589 178,099 180,729 182,032 - -
Reference price 2 15.94 14.35 18.62 15.86 13.80 12.62 12.62 12.62
Announcement Date 2/26/20 2/24/21 2/23/22 2/22/23 2/21/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 388.7 408.9 419.6 440.9 482.3 498 516
EBITDA 1 257.4 238.3 257.5 262.3 263.9 287.3 297.5 302
EBIT - - - - - - - -
Operating Margin - - - - - - - -
Earnings before Tax (EBT) - - - - - - - -
Net income - - - - - - - -
Net margin - - - - - - - -
EPS - - - - - - - -
Free Cash Flow 1 - -226.3 83.77 13.84 135.6 50 77 -
FCF margin - -58.2% 20.49% 3.3% 30.76% 10.37% 15.46% -
FCF Conversion (EBITDA) - - 32.53% 5.28% 51.38% 17.4% 25.88% -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.8900 0.8900 0.8900 0.8900 0.8900 0.8900 0.8967 -
Announcement Date 2/26/20 2/24/21 2/23/22 2/22/23 2/21/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2025 Q2
Net sales 1 103.8 104.9 103.1 103.6 107.9 107.6 108 104.5 114.3 118.6 119.8 120.6 122.9
EBITDA 1 64.04 64.48 70.1 66.94 60.76 65.36 60.05 68.3 70.23 68.5 71.86 72.06 73.34
EBIT - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - -
EPS - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 2/23/22 5/11/22 8/10/22 11/9/22 2/22/23 5/10/23 8/9/23 11/8/23 2/21/24 5/8/24 - - -
1CAD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - -226 83.8 13.8 136 50 77 -
ROE (net income / shareholders' equity) - - - - - - - -
ROA (Net income/ Total Assets) - - - - - - - -
Assets - - - - - - - -
Book Value Per Share - - - - - - - -
Cash Flow per Share - - - - - - - -
Capex 1 - - - - - 117 117 -
Capex / Sales - - - - - 24.29% 23.54% -
Announcement Date 2/26/20 2/24/21 2/23/22 2/22/23 2/21/24 - - -
1CAD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
12.62 CAD
Average target price
15.17 CAD
Spread / Average Target
+20.18%
Consensus

Quarterly revenue - Rate of surprise

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