Stock CRR.UN CROMBIE REAL ESTATE INVESTMENT TRUST
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Company Crombie Real Estate Investment Trust

Equities

CRR.UN

CA2271071094

Commercial REITs

Market Closed - Toronto S.E.
Other stock markets
 04:00:00 2024-04-23 pm EDT 		5-day change 1st Jan Change
13.08 CAD -0.08% Intraday chart for Crombie Real Estate Investment Trust +2.03% -5.22%
Apr. 17 REITs Brief: Bloomberg Reporting That Ontario Teachers' Pension Plan Weighing $5 Billion Sale of Amica, a private provider of luxury seniors residences MT
Mar. 28 Crombie REIT Initiated at Outperform, $16 Price Target at Raymond James MT

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
Mark Holly CEO
 Chief Executive Officer - 23-02-28
Kara Cameron DFI
 Director of Finance/CFO - 19-01-31
Jennifer Sieber CIO
 Chief Investment Officer - -
Arie Bitton COO
 Chief Operating Officer - -
Ruth Martin IRC
 Investor Relations Contact - 14-04-30
Timothy Vranic PRN
 Corporate Officer/Principal - -
Jamie Stroh PRN
 Corporate Officer/Principal - -
Antonella Talarico PRN
 Corporate Officer/Principal - 14-12-31
Chris Branton PRN
 Corporate Officer/Principal - -
John Barnoski PRN
 Corporate Officer/Principal - 15-06-30

Members of the board

Members of the board TitleAgeSince
Paul Sobey BRD
 Director/Board Member 67 06-02-13
Michael Vels BRD
 Director/Board Member 62 22-01-31
Karen Weaver BRD
 Director/Board Member 65 -
Paul Beesley BRD
 Director/Board Member 66 09-02-25
John Knowlton CHM
 Chairman 72 11-05-17
Jim Dickson BRD
 Director/Board Member 66 17-06-27
A. Craighead BRD
 Director/Board Member 64 21-05-09
Jason Shannon BRD
 Director/Board Member 52 -
Michael Waters BRD
 Director/Board Member 53 -
Mark Holly CEO
 Chief Executive Officer - 23-02-28

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 0 74,178,234 0 0 58.44 %
Stock B 1 107,322,702 106,077,951 ( 98.84 %) 0

Shareholders

NameEquities%Valuation
Middlefield Capital Corp.
0.6726 %
720,000 0.6726 % 7 M $
IA Clarington Investments, Inc.
0.6537 %
699,730 0.6537 % 7 M $
Scotia Managed Companies Administration, Inc.
0.5162 %
552,594 0.5162 % 6 M $
I. G. Investment Management Ltd.
0.3319 %
355,300 0.3319 % 4 M $
Stanton Asset Management, Inc.
0.3242 %
346,998 0.3242 % 4 M $
Sentry Investments, Inc.
0.2426 %
259,700 0.2426 % 3 M $
ATB Investment Management, Inc.
0.1830 %
195,900 0.1830 % 2 M $
Purpose Investments, Inc.
0.1633 %
174,819 0.1633 % 2 M $
Mercer Global Investments Europe Ltd.
0.1597 %
170,976 0.1597 % 2 M $
Robert Glenn Hynes
0.1295 %
138,627 0.1295 % 1 M $
NameEquities%Valuation
EMPIRE COMPANY LIMITED
100.94 %
74,571,305 100.94 % 755 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.

Sector

Real Estate
Real Estate
Residential & Commercial REITs
Commercial REITs
Retail REITs

Sales per Business

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
13.09 CAD
Average target price
15.61 CAD
Spread / Average Target
+19.26%
Consensus

Quarterly revenue - Rate of surprise

Company calendar

Sector Retail REITs

1st Jan change Capi.
CROMBIE REAL ESTATE INVESTMENT TRUST Stock Crombie Real Estate Investment Trust
-5.22% 1.73B
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-10.31% 10.91B
THE LINK REAL ESTATE INVESTMENT TRUST Stock The Link Real Estate Investment Trust
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BRIXMOR PROPERTY GROUP INC. Stock Brixmor Property Group Inc.
-6.19% 6.55B
AGREE REALTY CORPORATION Stock Agree Realty Corporation
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VICINITY CENTRES Stock Vicinity Centres
-3.92% 5.63B
KITE REALTY GROUP TRUST Stock Kite Realty Group Trust
-5.14% 4.69B
Retail REITs
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