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Crombie Real Estate ate (TSE:CRR.UN)
TSX:CRR.UN
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.06Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: -6.16%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Positive
Crombie REIT demonstrated strong operational performance with historic occupancy rates and growth in AFFO per unit. Strategic partnerships and consistent leasing activities further supported a positive outlook. However, increased expenses and flat FFO per unit were noted as areas for improvement.Company Guidance
During Crombie REIT's first-quarter 2025 conference call, the company reported key metrics demonstrating strong financial and operational performance. Crombie achieved a historic high in committed occupancy at 97.1%, and the necessity-based retail portfolio showed resilience with a same-asset property cash NOI growth of 3.2%. Rental rate growth on renewals was 10% over expiring rates, contributing to an AFFO per unit growth of 3.8% year-over-year. The AFFO payout ratio stood at 84%, with a debt-to-EBITDA ratio of 7.95 times. The company's strategic focus on grocery-anchored retail was underscored by the sale of Loch Lomond Place, generating $3.3 million, and new partnerships in Vancouver and Halifax. Crombie reported available liquidity of $696 million and a debt-to-gross fair value of 43.6%, maintaining a weighted average interest rate of 4.1% on its debt. The company expects yield on cost for the Marlstone development to be between 4.5% and 5.5%. Overall, Crombie emphasized its commitment to strategic growth and financial discipline.Historic High Occupancy
Crombie REIT's necessity-based retail portfolio reached a committed occupancy of 97.1%, a historic high for the company.
Strong Financial Metrics
AFFO per unit grew by 3.8% year-over-year, while the AFFO payout ratio stands at 84%.
Successful Partnership Initiatives
New strategic partnerships were announced in Halifax and Vancouver, including a 50% sale in the Marlstone to Montez and collaboration with Wesgroup Properties.
Robust Leasing Activity
167,000 square feet of renewals were completed at a 10% increase over expiring rental rates, with growth of 12.2% over the entire renewal term.
Recognition and Awards
Crombie was named one of Nova Scotia's top employers, Atlantic Canada's Top Employers, Canada's top small and medium employers, and Canada's greenest employer.
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TSE:CRR.UN 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
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TSE:CRR.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | C$15.10 | C$14.80 | -1.99% |
Feb 19, 2025 | C$13.87 | C$13.77 | -0.72% |
Nov 06, 2024 | C$14.57 | C$14.40 | -1.17% |
Aug 07, 2024 | C$13.21 | C$13.19 | -0.15% |
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.
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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 Aug 06, 2025, TBA Not Confirmed.
What is Crombie Real Estate ate (TSE:CRR.UN) earnings time?
Crombie Real Estate ate (TSE:CRR.UN) earnings time is at Aug 06, 2025, TBA Not 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 TSE:CRR.UN EPS forecast?
Currently, no data Available
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