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

• Market Cap: C$2.76B
• Dividend Yield: 5.98%
• Average Volume (3M): 171.13K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.79
• Revenue Growth: 6.96%
• EPS Growth: 85.15%
• Country: CA
• Employees: 303
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Diversified
• EPS (TTM): -0.10
• Shares Outstanding: 109,320,946
• 10 Day Avg. Volume: 149,856
• 30 Day Avg. Volume: 171,131
• PEG Ratio: 0.38
• Price to Book (P/B): 1.51
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 11.99
• 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$15.63
• Price Target Upside: 4.97% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

• Rating: 69 Neutral
• Price Target: C$15.50 ▲(4.10%Upside)

Crombie REIT's overall stock score reflects its strong financial performance and operational resilience. The solid dividend yield adds appeal for income investors, although the valuation appears stretched. Technical indicators suggest a stable market position, while strategic growth initiatives and high occupancy rates highlight a positive future outlook. The main risks include high leverage and increased operating expenses.

Positive Factors

Financial Health

The balance sheet is in excellent shape, and efforts to enhance the REIT's financial profile may soon lead to a credit rating upgrade.

Portfolio Performance

The grocery-anchored and necessity-based portfolio benefits from strong retail fundamentals and is anticipated to continue performing well.

Strategic Partnerships

The formation of strategic partnerships with Montez and Wesgroup is expected to accelerate the entitlement processes for key projects, enhancing capital efficiency.

Negative Factors

General and Administrative Costs

G&A costs increased due to higher salaries, benefits from new hires, and greater unit-based compensation, impacting financial performance.

Office Portfolio Performance

The office portfolio experienced a significant decrease, with same-property NOI down 23.8% as occupancy declined.

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, marked by strong revenue and profit growth, efficient cash flow management, and a stable balance sheet. Strong margins and cash generation bolster its position, although high leverage typical for REITs remains a concern.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	480.81M	476.36M	444.37M	419.59M	408.89M	388.73M
Gross Profit	283.79M	307.02M	290.84M	281.82M	283.03M	258.86M
EBITDA	341.71M	332.85M	264.47M	260.81M	270.68M	238.64M
Net Income	156.05M	158.26M	98.82M	167.80M	155.40M	67.61M
Balance Sheet
Total Assets	4.42B	4.43B	4.15B	4.08B	4.02B	4.11B
Cash, Cash Equivalents and Short-Term Investments	23.52M	10.02M	2.22M	6.12M	3.92M	63.29M
Total Debt	2.42B	2.42B	2.19B	2.08B	2.25B	2.48B
Total Liabilities	2.58B	2.57B	2.32B	2.23B	2.43B	2.63B
Stockholders Equity	1.85B	1.86B	1.82B	1.85B	1.60B	1.48B
Cash Flow
Free Cash Flow	246.53M	264.12M	239.71M	233.29M	224.65M	-75.30M
Operating Cash Flow	247.30M	264.96M	239.91M	233.54M	224.84M	-73.90M
Investing Cash Flow	-97.38M	-100.73M	-143.89M	-47.28M	18.49M	-124.28M
Financing Cash Flow	-138.29M	-154.22M	-102.14M	-185.29M	-302.71M	261.47M

Crombie Real Estate ate Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.89
• 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 14.89 is above the 20-day moving average (MA) of 14.73, above the 50-day MA of 14.57, and above the 200-day MA of 14.02, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 60.58 is Neutral, neither overbought nor oversold. The STOCH value of 61.11 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	78 Outperform	C$320.41M	8.22	8.03%	8.24%	3.34%	10.20%
PRV.UN	74 Outperform	C$367.08M	12.89	5.68%	7.88%	-1.07%	684.07%
CRR.UN	69 Neutral	C$2.76B	―	-0.49%	5.98%	6.96%	85.15%
HR.UN	61 Neutral	C$2.80B	―	-3.89%	7.75%	-6.43%	-35204.55%
MRT.UN	59 Neutral	C$373.51M	―	-3.77%	4.17%	0.18%	68.25%
Sector *	59 Neutral	C$1.23B	0.83	-8.20%	5.16%	9.89%	-25.14%
AX.UN	57 Neutral	$745.49M	―	-1.80%	7.91%	-13.42%	86.55%

Crombie Real Estate ate Corporate Events

Crombie REIT Declares June 2025 Distribution

Crombie Real Estate Investment Trust announced a distribution of $0.07417 per unit for June 2025, payable on July 15, 2025, to unitholders of record as of June 30, 2025. This announcement reflects Crombie’s ongoing commitment to providing value to its stakeholders and maintaining its position as a leading real estate investment trust in Canada.

The most recent analyst rating on ($TSE:CRR.UN) stock is a Hold with a C$16.00 price target. To see the full list of analyst forecasts on Crombie Real Estate ate stock, see the TSE:CRR.UN Stock Forecast page.

Crombie REIT Announces May 2025 Distribution

Crombie Real Estate Investment Trust announced a monthly distribution of $0.07417 per unit for May 2025, payable on June 13, 2025, to unitholders of record as of May 31, 2025. This announcement reflects Crombie’s ongoing commitment to providing value to its stakeholders and maintaining its position as a leading real estate investment trust in Canada.

The most recent analyst rating on ($TSE:CRR.UN) stock is a Buy with a C$14.75 price target. To see the full list of analyst forecasts on Crombie Real Estate ate stock, see the TSE:CRR.UN Stock Forecast page.

Crombie REIT Announces Successful Trustee Elections and Resolution Approvals

Crombie Real Estate Investment Trust announced the successful election of its proposed trustees at the recent Annual General Meeting of Unitholders, with over 99% of votes represented by proxy. The resolutions, including the appointment of auditors and executive compensation, were overwhelmingly approved, reflecting strong support from stakeholders. This outcome reinforces Crombie’s stable governance and strategic direction, potentially enhancing its market position and stakeholder confidence.

The most recent analyst rating on ($TSE:CRR.UN) stock is a Buy with a C$14.75 price target. To see the full list of analyst forecasts on Crombie Real Estate ate stock, see the TSE:CRR.UN Stock Forecast page.

Crombie REIT Reports Strong Q1 2025 Results with Strategic Growth

Crombie Real Estate Investment Trust reported its first-quarter 2025 results, highlighting significant growth in cash flow driven by a strong necessity-based portfolio and strategic partnerships. The company achieved historic occupancy levels and saw increases in same-asset property cash NOI and AFFO per Unit, reflecting operational resilience. Crombie’s strategic focus and financial discipline position it well for continued performance, with recent partnerships in Halifax and Vancouver designed to unlock value and generate stable fee income.

Crombie REIT Reports Strong Q1 2025 Results with Strategic Growth

Crombie Real Estate Investment Trust announced its first-quarter 2025 results, highlighting a significant growth in cash flow driven by its necessity-based portfolio and strategic partnerships. The company achieved historic occupancy levels and reported growth in same-asset property cash NOI and AFFO per Unit. Crombie’s strategic focus and operational strength position it well for continued performance and value delivery, as evidenced by increased property revenue and successful property renewals.

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.

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.

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.