Crombie Real Estate ate (CRR.UN) AI Stock Analysis

• Market Cap: C$2.73B
• Dividend Yield: 6.01%
• Average Volume (3M): 196.56K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.86
• Revenue Growth: 8.82%
• EPS Growth: 92.79%
• Country: CA
• Employees: 303
• Sector: Real Estate
• Sector Strength: 80
• Industry: REIT - Diversified
• EPS (TTM): N/A
• Shares Outstanding: 109,171,524
• 10 Day Avg. Volume: 139,893
• 30 Day Avg. Volume: 196,558
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$15.90
• Price Target Upside: 7.43% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

Crombie Real Estate Investment Trust demonstrates strong financial performance with impressive revenue and profit growth, robust cash flow, and effective strategic initiatives. While technical indicators suggest some caution due to short-term bearish trends, the company’s strategic focus and healthy earnings call performance add confidence. Valuation concerns due to a negative P/E ratio are tempered by a strong dividend yield, maintaining a balanced outlook.

Positive Factors

Competitive Position

Crombie currently trades at an implied cap rate of 7.2%, or a 5.3% discount to the NAV estimate, which is favorable compared to its Canadian retail peers.

Credit Rating

The balance sheet is in great shape and efforts to improve the REIT's financial profile could soon be rewarded with a one-notch credit rating upgrade.

Financial Performance

Funds from operations per unit increased by 6.7% in the recent quarter, driven by better-than-expected leasing activity.

Negative Factors

G&A Costs

G&A costs rose 25% due to greater unit-based compensation expense as the unit price has risen 14.5% over the past year.

Interest Expense

Interest expense increased as Crombie REIT refinanced maturing debt at higher interest rates.

Operating Income

Within the office portfolio, same-property net operating income dropped 8.2% in the recent quarter as occupancy decreased.

Crombie Real Estate ate Business Overview & Revenue Model

Company Description

Crombie Real Estate Investment Trust (CRR.UN) is a Canadian real estate investment trust with a focus on owning, operating, and developing a portfolio of retail and commercial properties across Canada. The company's core assets include grocery-anchored shopping centers, freestanding stores, and mixed-use developments. Crombie REIT aims to provide stable and growing cash distributions to its unitholders through its diversified and high-quality real estate portfolio.

How the Company Makes Money

Crombie Real Estate Investment Trust makes money primarily through rental income generated from its portfolio of retail and commercial properties. The company leases space to a variety of tenants, with a significant portion of its revenue coming from long-term leases with grocery chains and other retailers. Crombie's revenue model is supported by strategic partnerships with major Canadian retail brands, which provide steady and predictable cash flow. In addition to rental income, Crombie may also generate revenue through property development and redevelopment activities, enhancing the value of its assets and creating opportunities for increased rental income. The trust strategically manages its portfolio to maximize occupancy rates and rental yields, while focusing on properties that offer growth potential and resilience against market fluctuations.

Crombie Real Estate ate Financial Statement Overview

Summary

Crombie Real Estate's financial performance in 2024 is impressive, with strong revenue and profit growth, efficient cash flow management, and a stable balance sheet. The company benefits from robust margins and cash generation, although high leverage remains a concern typical for its industry. Overall, the financial health is strong, positioning the company well for future opportunities.

Income Statement

The company exhibits strong revenue growth with a 7.2% increase from 2023 to 2024. The gross profit margin remains healthy at approximately 64.4% for 2024. Net profit margin improved significantly from 22.2% in 2023 to 33.2% in 2024, indicating enhanced profitability. The EBITDA margin is robust at 69.9%, reflecting efficient operations. However, the absence of EBIT margin data for 2024 suggests some operational challenges.

Balance Sheet

Crombie Real Estate demonstrates a stable financial position with a debt-to-equity ratio of 1.3 in 2024, showing a moderate level of leverage typical for REITs. The equity ratio is 41.9%, indicating a solid equity base. Return on equity improved from 5.4% in 2023 to 8.5% in 2024, showcasing better shareholder returns. The balance sheet stability is strong, but high liabilities relative to assets pose potential risks.

Cash Flow

The company shows excellent cash flow management with a substantial increase in free cash flow from 2023 to 2024, growing by 10.2%. The operating cash flow to net income ratio is 1.7, reflecting strong cash generation capability. Free cash flow to net income ratio is 1.7, indicating efficient capital expenditure management. These metrics highlight significant positive cash flow performance.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
476.36M	444.37M	419.59M	408.89M	388.73M
	Gross Profit
307.02M	290.84M	281.82M	283.03M	258.86M
	EBIT
0.00	184.36M	180.98M	194.92M	163.07M
	EBITDA
332.85M	264.47M	260.81M	270.68M	238.64M
	Net Income Common Stockholders
158.26M	98.82M	167.80M	155.40M	67.61M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
10.02M	2.22M	6.12M	3.92M	63.29M
	Total Assets
4.43B	4.15B	4.08B	4.02B	4.11B
	Total Debt
2.42B	2.19B	2.08B	2.25B	2.48B
	Net Debt
2.41B	2.19B	2.07B	2.25B	2.42B
	Total Liabilities
2.57B	2.32B	2.23B	2.43B	2.63B
	Stockholders Equity
1.86B	1.82B	1.85B	1.60B	1.48B
Cash Flow		Free Cash Flow
264.12M	239.71M	233.29M	224.65M	-75.30M
	Operating Cash Flow
264.96M	239.91M	233.54M	224.84M	-73.90M
	Investing Cash Flow
-100.73M	-143.89M	-47.28M	18.49M	-124.28M
	Financing Cash Flow
-154.22M	-102.14M	-185.29M	-302.71M	261.47M

Crombie Real Estate ate Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CRR.UN, the sentiment is Positive. The current price of 14.8 is above the 20-day moving average (MA) of 14.45, above the 50-day MA of 14.20, and above the 200-day MA of 13.97, indicating a bullish trend. The MACD of 0.23 indicates Negative momentum. The RSI at 65.44 is Neutral, neither overbought nor oversold. The STOCH value of 71.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CRR.UN.

Crombie Real Estate ate Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BTB.UN	73 Outperform	C$300.86M	7.59	8.03%	8.80%	3.34%	10.20%
CRR.UN	72 Outperform	C$2.73B	―	-0.22%	6.01%	8.82%	92.79%
Sector *	60 Neutral	$2.81B	11.39	0.21%	8508.43%	6.31%	-14.32%
AX.UN	59 Neutral	$728.18M	―	-2.86%	8.11%	-10.56%	81.41%
MRT.UN	59 Neutral	C$358.26M	―	-3.77%	4.35%	0.18%	68.25%
PRV.UN	59 Neutral	C$308.03M	130.36	0.50%	8.81%	-0.68%	-90.87%
HR.UN	56 Neutral	C$2.57B	―	-2.29%	6.14%	-6.92%	-296.31%

Crombie Real Estate ate Corporate Events

Crombie REIT Announces April 2025 Distribution

Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for April 2025, payable on May 15, 2025, to unitholders of record as of April 30, 2025. This announcement reflects Crombie’s ongoing commitment to providing value to its investors and maintaining its position as a leading real estate investment trust in Canada, with a focus on enriching communities through strategic real estate investments.

Spark’s Take on TSE:CRR.UN Stock

According to Spark, TipRanks’ AI Analyst, TSE:CRR.UN is a Outperform.

Crombie REIT demonstrates strong financial performance with impressive revenue and profit growth, robust cash flow, and effective strategic initiatives. While technical indicators suggest some caution due to short-term bearish trends, the company’s strategic focus and healthy earnings call performance add confidence. Valuation concerns due to a negative P/E ratio are tempered by a strong dividend yield, maintaining a balanced outlook.

To see Spark’s full report on TSE:CRR.UN stock, click here.

Crombie REIT Forms Strategic Joint Ventures to Boost Halifax Developments

Crombie Real Estate Investment Trust has entered into joint venture partnerships with Montez Corporation to enhance value creation in Halifax, Nova Scotia. These partnerships involve Montez acquiring a 50% interest in The Marlstone project and collaborating on Barrington Street and Brunswick Place developments. This strategic move provides Crombie with immediate cash flow through management fees, enhances its balance sheet flexibility, and allows continued investment in its core retail portfolio, thus supporting long-term growth and value for unitholders.

Spark’s Take on TSE:CRR.UN Stock

According to Spark, TipRanks’ AI Analyst, TSE:CRR.UN is a Neutral.

Crombie REIT demonstrates strong financial performance with impressive revenue and profit growth, robust cash flow, and effective strategic initiatives. Although the high leverage typical of REITs poses a risk, the company’s solid earnings call performance and strategic focus add confidence. However, valuation concerns due to a negative P/E ratio slightly temper the overall positive outlook.

To see Spark’s full report on TSE:CRR.UN stock, click here.

Crombie REIT Announces AGM and Q1 2025 Conference Call

Crombie Real Estate Investment Trust has announced its Fiscal 2024 Annual General Meeting (AGM) and Q1 Fiscal 2025 Conference Call, both scheduled for May 8, 2025. The AGM will be held in New Glasgow, Nova Scotia, and will be accessible via live audio webcast, while the conference call will discuss Crombie’s financial and operational results for the first quarter of 2025. This announcement highlights Crombie’s commitment to transparency and engagement with its stakeholders, providing insights into its financial health and strategic direction.

Crombie REIT Announces March 2025 Distribution

Crombie Real Estate Investment Trust announced a monthly distribution of $0.07417 per unit for March 2025, payable on April 15, 2025, to unitholders of record as of March 31, 2025. This announcement reflects Crombie’s ongoing commitment to delivering value to its stakeholders and maintaining its position as a leading real estate investment trust in Canada, with a focus on enriching communities through strategic investments.

Crombie REIT Reports Robust Year-End 2024 Results, Boosts Financial Flexibility

Crombie Real Estate Investment Trust reported strong financial performance for the fourth quarter and year-end 2024, with significant growth in occupancy levels, same-asset property cash NOI, and AFFO per unit. The company strategically acquired assets, including the remaining 50% of Zephyr residential in Vancouver, and completed significant financial transactions such as issuing $300 million in senior unsecured notes. These actions enhance Crombie’s financial flexibility and position it for sustained growth, benefiting stakeholders and reinforcing its market standing.

Crombie REIT Announces February 2025 Distribution

Crombie Real Estate Investment Trust announced its monthly distribution of $0.07417 per unit for February 2025, payable to unitholders on March 14, 2025. This distribution reflects Crombie’s ongoing commitment to providing value to its stakeholders, leveraging its robust portfolio and development pipeline to sustain its position in the real estate industry.