CT Real Estate Investment (CTRRF)
OTHER OTC:CTRRF
Earnings Data
Report Date
Aug 10, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.27Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed steady, predictable operational performance with multiple positive indicators: high occupancy (99.4%), same-property NOI growth (+2.3%), NOI up 4.7% (~$5.6M), FFO/AFFO per unit increases (FFO +3.5%, AFFO +2.8%), a distribution increase of 3.5% and a healthy, largely pre-leased development pipeline. Balance sheet metrics are conservative (indebtedness ratio 39%, indebtedness to EBITFV improved to 6.46x) and management has available liquidity to pursue accretive, capital-efficient acquisitions. Headwinds included modestly higher interest costs and slightly compressed coverage, higher development cost per square foot (notably from an office retrofit and smaller store expansions), some fixed flat renewals that moderated blended spreads, and low cash on hand. Overall, positives and visible growth drivers materially outweigh the manageable financing and development cost pressures.Company Guidance
High Portfolio Occupancy
Occupancy remained very high at 99.4%, consistent with prior periods, supporting stable cash flows and portfolio performance.
Same-Property NOI Growth
Same-property net operating income (NOI) grew by 2.3% year-over-year, reflecting contractual rent escalations (~1.5% per year on many Canadian Tire leases) and contributions from completed intensification projects.
Overall NOI and Dollar Increase
Total NOI increased 4.7% year-over-year, representing approximately $5.6 million of additional NOI compared to Q1 2025.
AFFO and FFO Per Unit Growth
AFFO per unit (diluted) rose 2.8% to $0.327, and FFO per unit (diluted) increased 3.5% to $0.354 versus Q1 2025, demonstrating earnings improvement at the unit level.
Distribution Increase Announced
Board approved a 3.5% increase in monthly distributions effective with the July 2026 payment — the 13th distribution increase since IPO and cumulative distribution growth of more than 50% since IPO.
Accretive, Capital-Efficient Acquisitions
Announced three third-party investments expected to close in Q2 with total capital commitment ~ $43 million, projected going-in yield of 6.28%, adding ~130,000 square feet of GLA (Canadian Tire-anchored and adjacent assets).
Healthy Development Pipeline
11 projects in the pipeline with committed investment of approximately $380 million (of which $177 million spent to date). Expected to invest ~$78 million over the next 12 months; projects will add ~629,000 square feet of GLA, ~95% pre-leased.
Strong Lease Metrics and Portfolio Tenure
Renewals: nearly 200,000 square feet of third-party tenancies renewed; blended renewal spreads 5.9% on ~340,000 sq ft, and 11% when excluding ~226,000 sq ft of fixed flat-option renewals. Weighted average lease term remained long at 7.0 years.
Improved Leverage Metric and Coverage
Total indebtedness to EBIT fair value improved to 6.46x from 6.77x a year ago. Indebtedness ratio at 39% and interest coverage at 3.52x, reflecting a conservative balance sheet with financial flexibility.
Operational Efficiency and Valuation Gains
G&A as a percentage of property revenue improved to 2.6% from 2.9% (2.5% excluding fair value adjustments). Fair value adjustments on investment properties resulted in a $31.2 million gain (vs. $24.8 million prior year), primarily driven by contractual rent increases and leasing activity.
Liquidity and Available Credit
Reported liquidity includes ~$6 million cash on hand and substantial committed/uncommitted facilities (committed $300M), with approximately $132 million available on the line at quarter end to support investments and operations.
CTRRF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CTRRF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 11, 2026 | $12.79 | $12.82 | +0.20% |
Feb 17, 2026 | $12.30 | $12.30 | 0.00% |
Nov 03, 2025 | $11.22 | $11.23 | +0.09% |
Aug 05, 2025 | $10.84 | $10.82 | -0.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does CT Real Estate Investment (CTRRF) report earnings?
CT Real Estate Investment (CTRRF) is schdueled to report earning on Aug 10, 2026, After Close (Confirmed).
What is CT Real Estate Investment (CTRRF) earnings time?
CT Real Estate Investment (CTRRF) earnings time is at Aug 10, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CTRRF EPS forecast?
Currently, no data Available