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

• Market Cap: C$2.72B
• Dividend Yield: 6.06%
• Average Volume (3M): 145.01K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.83
• Revenue Growth: 6.96%
• EPS Growth: 85.15%
• Country: CA
• Employees: 303
• Sector: Real Estate
• Sector Strength: 61
• Industry: REIT - Diversified
• EPS (TTM): -0.10
• Shares Outstanding: 109,462,875
• 10 Day Avg. Volume: 159,837
• 30 Day Avg. Volume: 145,007
• PEG Ratio: -0.15
• Price to Book (P/B): 1.47
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 11.04
• 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$15.95
• Price Target Upside: 8.58% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 70 Neutral
• Price Target: C$16.00 ▲(8.92%Upside)

Crombie Real Estate's strong financial performance and positive earnings call outlook are the primary strengths, contributing to a favorable stock evaluation. The technical analysis presents a neutral picture, while the valuation is challenged by a negative P/E ratio, offset somewhat by a high dividend yield. Overall, the stock is positioned well in its industry but faces some valuation concerns.

Positive Factors

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.

Operating Performance

Solid operating performance with in-place occupancy of 96.5% and new leases totaling 20ksf signed at an average year-1 ABR of $23.66.

Strategic Partnerships

The recent formation of two strategic partnerships with Montez and Wesgroup should accelerate the entitlement processes for three medium- and three long-term projects in CRR's major development pipeline in a more capital efficient manner.

Negative Factors

FFO Performance

FFO per unit was flat year-over-year and slightly below analyst estimate and consensus.

G&A Costs

G&A costs jumped due to higher salaries and benefits from new hires, increased employee transition costs, and greater unit-based compensation.

Office Portfolio Performance

The office portfolio saw a significant drop, with same-property NOI down 23.8% 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
EBITDA	332.85M	264.47M	260.81M	270.68M	238.64M
Net Income	158.26M	98.82M	167.80M	155.40M	67.61M
Balance Sheet
Total Assets	4.43B	4.15B	4.08B	4.02B	4.11B
Cash, Cash Equivalents and Short-Term Investments	10.02M	2.22M	6.12M	3.92M	63.29M
Total Debt	2.42B	2.19B	2.08B	2.25B	2.48B
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: Neutral
• Last Price: 14.69
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 Neutral. The current price of 14.69 is below the 20-day moving average (MA) of 14.81, above the 50-day MA of 14.68, and above the 200-day MA of 14.01, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 46.37 is Neutral, neither overbought nor oversold. The STOCH value of 26.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
PRV.UN	80 Outperform	C$369.65M	13.05	5.68%	7.83%	-1.07%	684.07%
BTB.UN	78 Outperform	C$326.57M	8.35	8.03%	8.34%	3.34%	10.20%
CRR.UN	70 Neutral	C$2.72B	―	-0.49%	6.06%	6.96%	85.15%
Sector *	64 Neutral	$6.87B	17.44	-1.93%	6.95%	4.65%	-24.33%
HR.UN	59 Neutral	C$3.08B	―	-3.89%	6.33%	-6.43%	-35204.55%
AX.UN	57 Neutral	$747.06M	―	-1.80%	7.80%	-13.42%	86.55%
MRT.UN	54 Neutral	C$363.47M	―	-3.77%	5.27%	0.18%	68.25%

Crombie Real Estate ate Corporate Events

Crombie REIT Declares July 2025 Distribution

Crombie Real Estate Investment Trust announced a monthly distribution of $0.07417 per unit for July 2025, payable on August 15, 2025, to unitholders of record as of July 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, with a focus on enriching communities through strategic investments and developments.

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 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.