Company Crombie Real Estate Investment Trust

Equities

CRR.UN

CA2271071094

Commercial REITs

Market Closed - Toronto S.E. 04:00:00 2024-05-17 pm EDT 5-day change 1st Jan Change
12.99 CAD -0.15% Intraday chart for Crombie Real Estate Investment Trust 0.00% -5.87%

Business Summary

Crombie Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The principal business of the Company is investing in income-producing retail, retail-related industrial, mixed-use, and office properties in Canada. Its portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's urban and suburban markets. Its portfolio includes 294 properties comprising approximately 18.7 million square feet. The Company’s properties include 1809 Barrington; Aberdeen Business Centre; Acadia Avenue; Amherst Centre; Amherst Plaza; Antigonish Sobeys; Blink Bonnie Plaza; Brunswick Place; Causeway Shopping Centre Sobeys; Cogswell Tower; County Fair Mall; Dartmouth Crossing Cineplex Cinemas; Downsview Mall and Downsview Plaza; Duke Tower; Elmsdale Shopping Centre; Fall River Plaza; Forest Hills; New Waterford, Plummer Ave; New Waterford, Emerald Street, and others.

Number of employees: 303

Sales per Business

CAD in Million2022Weight2023Weight Delta
Rental
88.1 %
372 88.6 % 389 88.1 % +4.55%
Common Area Cost Recoveries
14.3 %
57 13.5 % 63 14.3 % +10.70%
Tenant Incentive Amortization
-6.0 %
-23 -5.5 % -27 -6.0 % +15.34%
Parking
1.2 %
5 1.1 % 5 1.2 % +21.25%
Straight-line Rent
1.2 %
5 1.3 % 5 1.2 % -0.31%
Contingent Rental
0.8 %
4 0.9 % 3 0.8 % -11.05%
Lease Termination Income
0.4 %
0 0.1 % 2 0.4 % +501.44%

Sales per region

CAD in Million2022Weight2023Weight Delta
Canada
100.0 %
420 100.0 % 441 100.0 % +5.09%

Managers

Managers TitleAgeSince
Chief Executive Officer - 23-02-28
Director of Finance/CFO - 19-01-31
Chief Investment Officer - -
Chief Operating Officer - -
Investor Relations Contact - 14-04-30
Corporate Officer/Principal - -
Corporate Officer/Principal - -
Corporate Officer/Principal - 14-12-31
Corporate Officer/Principal - -
Corporate Officer/Principal - 15-06-30

Members of the board

Members of the board TitleAgeSince
Director/Board Member 67 06-02-13
Director/Board Member 62 22-01-31
Director/Board Member 65 -
Director/Board Member 66 09-02-25
Chairman 72 11-05-17
Director/Board Member 66 17-06-27
Director/Board Member 64 21-05-09
Director/Board Member 52 -
Director/Board Member 53 -
Chief Executive Officer - 23-02-28

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 0 74,473,886 0 0 58.38 %
Stock B 1 107,460,223 106,215,472 ( 98.84 %) 0

Shareholders

NameEquities%Valuation
IA Clarington Investments, Inc.
0.6537 %
699,730 0.6537 % 7 M $
Scotia Managed Companies Administration, Inc.
0.5162 %
552,594 0.5162 % 5 M $
Middlefield Capital Corp.
0.3924 %
420,000 0.3924 % 4 M $
I. G. Investment Management Ltd.
0.3319 %
355,300 0.3319 % 3 M $
Stanton Asset Management, Inc.
0.3242 %
346,998 0.3242 % 3 M $
Sentry Investments, Inc.
0.2426 %
259,700 0.2426 % 2 M $
ATB Investment Management, Inc.
0.1830 %
195,900 0.1830 % 2 M $
Purpose Investments, Inc.
0.1627 %
174,204 0.1627 % 2 M $
Mercer Global Investments Europe Ltd.
0.1597 %
170,976 0.1597 % 2 M $
Paul Sobey
0.0887 %
95,000 0.0887 % 892 050 $
NameEquities%Valuation
74,571,305 100.94 % 700 M $

Company contact information

Crombie Real Estate Investment Trust

610 East River Road Suite 200

B2H 3S2, New Glasgow

+902 755 8100

http://www.crombiereit.ca
address Crombie Real Estate Investment Trust(CRR.UN)

Group companies

NameCategory and Sector
Crombie LP
Crombie Property Holdings Ltd.

Sales per Business

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
12.99 CAD
Average target price
15.17 CAD
Spread / Average Target
+16.76%
Consensus

Quarterly revenue - Rate of surprise

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