The earnings call presented a strong performance for Crombie, with significant growth in AFFO per unit, record occupancy, strategic acquisitions, and robust same-asset NOI growth. Although there were challenges with increased interest expenses and a slight increase in residential vacancy, these were relatively minor compared to the overall positive achievements. The company continues to leverage partnerships and strategic acquisitions to drive growth.

Company Guidance

During Crombie REIT's Third Quarter 2025 Conference Call, the company announced key financial and operational metrics, reflecting robust performance. The AFFO per unit grew by 11.1% year-over-year, driven by strong leasing activities with renewal spreads increasing by 13.5% over expiring leases. Same-asset property cash NOI grew by 4.6% for the quarter and 3.5% year-to-date, surpassing the upper end of management's target range. Crombie's occupancy reached a record high, fueled by its grocery-anchored retail platform. The REIT's portfolio optimization included the acquisition of a $28.5 million Longo's anchored property in Toronto and divestment of noncore assets. Additionally, Crombie's development initiatives yielded 6% to 7% on-cost, with major projects like The Marlstone tracking on schedule. Financially, the REIT reported $61.9 million in funds from operations, with a strong balance sheet featuring a debt to gross fair value of 41.9% and liquidity of $676 million. The company reiterated its strategic focus on owning essential retail real estate, optimizing assets, and leveraging partnerships for sustainable growth.

AFFO Growth

AFFO per unit grew 11.1% year-over-year, showcasing strong financial performance driven by leasing activities and tenant demand.

Record Occupancy

Achieved the fourth consecutive quarter of record occupancy, with renewal spreads increasing by 13.5% over expiring leases.

Successful Acquisitions

Acquired a newly constructed Longo's anchored retail property in Toronto for $28.5 million, enhancing the portfolio with a yield on cost between 6% and 7%.

Strong Same-Asset NOI Growth

Same-asset property cash NOI grew by 4.6% in the quarter and 3.5% year-to-date, exceeding the upper end of the annual average target range.

Partnership Revenue

Programmatic partnerships in Vancouver and Halifax contributed to almost half of the $4.4 million fee revenue recognized during Q3.

Crombie Real Estate ate (TSE:CRR.UN) Earnings, Revenues Date & History

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TSE:CRR.UN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 10, 2026	2025 (Q4)	- / -	0.206	―	―	―
Nov 05, 2025	2025 (Q3)	- / -0.06	-0.097	37.11% (+0.04)	―	―
Aug 06, 2025	2025 (Q2)	- / -0.03	-0.056	50.00% (+0.03)	―	―
May 07, 2025	2025 (Q1)	- / -0.10	-0.078	-32.05% (-0.02)	―	―
Feb 19, 2025	2024 (Q4)	- / 0.21	-0.085	342.35% (+0.29)	―	―
Nov 06, 2024	2024 (Q3)	- / -0.10	-0.062	-56.45% (-0.04)	―	―
Aug 07, 2024	2024 (Q2)	- / -0.06	-0.105	46.67% (+0.05)	―	―
May 08, 2024	2024 (Q1)	- / -0.08	-0.078	0.00% (0.00)	―	―
Feb 22, 2024	2023 (Q4)	- / -0.09	0.26	-132.69% (-0.35)	―	―
Nov 08, 2023	2023 (Q3)	- / -0.06	-0.064	3.13% (<+0.01)	―	―

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

TSE:CRR.UN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 05, 2025	C$14.77	C$14.83	+0.41%
Aug 06, 2025	C$14.17	C$14.49	+2.26%
May 07, 2025	C$14.58	C$14.29	-1.99%
Feb 19, 2025	C$13.39	C$13.30	-0.67%

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 Crombie Real Estate ate (TSE:CRR.UN) report earnings?

Crombie Real Estate ate (TSE:CRR.UN) is schdueled to report earning on Feb 10, 2026, After Close (Confirmed).

What is Crombie Real Estate ate (TSE:CRR.UN) earnings time?

Crombie Real Estate ate (TSE:CRR.UN) earnings time is at Feb 10, 2026, After Close (Confirmed).

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