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

• Market Cap: C$2.75B
• Dividend Yield: 5.95%
• Average Volume (3M): 175.67K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.84
• Revenue Growth: 6.86%
• EPS Growth: 92.60%
• Country: CA
• Employees: 303
• Sector: Real Estate
• Sector Strength: 54
• Industry: REIT - Diversified
• EPS (TTM): -0.03
• Shares Outstanding: 109,572,150
• 10 Day Avg. Volume: 218,636
• 30 Day Avg. Volume: 175,666
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 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$16.05
• Price Target Upside: 7.29% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 70 Outperform
• Price Target: C$16.00 ▲(6.95% Upside)

Crombie Real Estate's overall stock score reflects strong financial performance and positive earnings call sentiment. The company's robust cash flow and strategic growth initiatives are significant strengths. However, technical indicators suggest a neutral trend, and valuation concerns due to a negative P/E ratio slightly offset the positive aspects. The attractive dividend yield adds to the stock's appeal.

Positive Factors

Financial Performance

Steady same-property NOI growth and greater lease termination income drive 6.3% growth in FFO per unit, indicating healthy financial performance.

Lease Renewal Activity

Committed occupancy rose 30 bps q/q to 97.1%, showing strong lease renewal activity.

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

General and Administrative 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 Challenges

Within the office portfolio, same-property NOI dropped 13.8%, indicating challenges in this segment.

Crombie Real Estate ate Business Overview & Revenue Model

Company Description

Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high-quality grocery- and pharmacy-anchored shopping centres, freestanding stores and mixed-use developments primarily in Canada's top urban and suburban markets.

How the Company Makes Money

Crombie Real Estate Investment Trust generates revenue primarily through leasing retail and mixed-use properties to tenants, including grocery stores, pharmacies, and other retail outlets. The company's revenue model is based on collecting rental income from long-term leases, which often include contractual rent escalations, providing a stable and predictable cash flow. Crombie REIT also enhances its earnings through strategic property development and redevelopment projects, which can increase the value and rental income potential of its portfolio. Additionally, the company may engage in property sales or joint ventures to optimize its asset base and return on investment. Key partnerships with major grocery chains and national retailers contribute significantly to Crombie's consistent revenue stream.

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: Positive
• Last Price: 14.96
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 14.96 is above the 20-day moving average (MA) of 14.64, above the 50-day MA of 14.66, and above the 200-day MA of 13.94, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 60.26 is Neutral, neither overbought nor oversold. The STOCH value of 88.82 is Negative, 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
PRV.UN	76 Outperform	C$371.58M	13.05	5.68%	7.71%	-1.07%	684.07%
BTB.UN	74 Outperform	C$318.65M	8.40	7.80%	8.50%	1.59%	19.74%
CRR.UN	70 Outperform	C$2.75B	―	-0.21%	5.95%	6.86%	92.60%
Sector *	63 Neutral	$6.82B	13.21	-0.71%	7.17%	3.67%	-27.43%
HR.UN	59 Neutral	C$3.07B	―	-3.89%	6.29%	-6.43%	-35204.55%
MRT.UN	48 Neutral	C$375.61M	―	-3.72%	4.30%	-2.90%	68.88%
ARESF	―	$501.94M	―	-3.37%	7.98%	―	―

Crombie Real Estate ate Corporate Events

Crombie REIT Reports Strong Q2 2025 Results and Increases Distribution

Crombie Real Estate Investment Trust announced strong second-quarter 2025 results, highlighting operational excellence and disciplined capital management. The company achieved record occupancy rates, increased property revenue by 6.4%, and improved funds from operations per unit. Crombie’s financial strength was further underscored by a credit rating upgrade and an increase in annual distribution, reflecting confidence in its growth strategy. The acquisition of grocery-anchored properties and strategic dispositions are expected to enhance Crombie’s market positioning and benefit stakeholders.

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 New Board Appointments

Crombie Real Estate Investment Trust announced changes to its Board of Trustees, with Sarah MacDonald and Kyle Hartlen appointed by Empire Company Limited to replace Heather Grey-Wolf and Jim Dickson. Sarah MacDonald brings extensive experience in real estate management and transformational leadership, while Kyle Hartlen is recognized for his expertise in corporate governance and business strategy. These appointments are expected to strengthen Crombie’s Board and align with the company’s strategic goals.

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 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.