The earnings call was overall positive, highlighting strong financial performance, strategic investments, and successful refinancing. However, there are challenges related to increased expenses and a slower real estate market. Nonetheless, the positives significantly outweigh the negatives.

Company Guidance -

Q3 2025

During CT REIT's Q2 2025 earnings call, the company reported several key metrics and achievements. CT REIT's occupancy rate increased slightly to 99.5%, and the growth in same-store net operating income (NOI) was 1.6% for the quarter. This, combined with intensification activities, resulted in a same-property NOI growth of 2.2%. Overall, the net operating income increased by 3.4%, and adjusted funds from operations (AFFO) per unit grew by 1.6% in Q2. The company refinanced $200 million in Series J unsecured debentures with a 5-year term at a rate of 4.29%, achieving the tightest 5-year spread in the REIT sector in recent years. CT REIT's indebtedness ratio dropped below 40%, providing significant financial flexibility for future investments. The company also highlighted its $433 million investment in a retrofit project at Canada Square, expected to be completed by 2028, and announced new acquisitions and development projects totaling $66 million, with an anticipated yield of 7.55%.

Canada Square Property Development

CT REIT has secured a new 20-year lease with Canadian Tire Corporation (CTC) for approximately 550,000 square feet of refurbished space, with the project costing over $200 million. This redevelopment aims to create a AAA complex at a strategic Toronto location.

Successful Refinancing

CT REIT refinanced its Series B unsecured debentures with a new $200 million Series J issuance at a 4.29% rate, achieving its tightest ever spread of 135 basis points over the reference rate.

Strong Occupancy and NOI Growth

Occupancy increased slightly to 99.5%, with same-store NOI growth at 1.6% and overall NOI growth at 3.4%. Excluding a previous lease surrender payment, NOI growth would have been 4.4%.

New Strategic Investments

CT REIT announced two new investments in Calgary, Alberta, and Saskatoon, Saskatchewan, requiring $66 million and expected to yield 7.55% collectively.

Balance Sheet and Financial Flexibility

The indebtedness ratio dropped below 40%, providing CT REIT with significant financial flexibility for future investments.

ESG Initiatives

CT REIT released its fourth annual ESG report, highlighting improvements in data systems, community support, and diversity recognition.

CT Real Estate Investment (TSE:CRT.UN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:CRT.UN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2025	2025 (Q3)	- / -	0.339	―	―	―
Aug 05, 2025	2025 (Q2)	- / 0.36	0.346	5.49% (+0.02)	―	―
May 05, 2025	2025 (Q1)	- / 0.36	0.345	5.22% (+0.02)	―	―
Feb 10, 2025	2024 (Q4)	- / 0.45	0.161	180.75% (+0.29)	―	―
Nov 05, 2024	2024 (Q3)	- / 0.34	0.048	606.25% (+0.29)	―	―
Aug 01, 2024	2024 (Q2)	- / 0.35	0.376	-7.98% (-0.03)	―	―
May 06, 2024	2024 (Q1)	- / 0.34	0.265	30.19% (+0.08)	―	―
Feb 13, 2024	2023 (Q4)	- / 0.16	0.276	-41.67% (-0.12)	―	―
Nov 06, 2023	2023 (Q3)	- / 0.05	0.285	-83.16% (-0.24)	―	―
Aug 08, 2023	2023 (Q2)	- / 0.38	0.296	27.03% (+0.08)	―	―

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:CRT.UN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	C$15.58	C$15.55	-0.19%
May 05, 2025	C$14.64	C$14.95	+2.12%
Feb 10, 2025	C$14.29	C$14.46	+1.19%
Nov 05, 2024	C$14.48	C$14.43	-0.35%

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 CT Real Estate Investment (TSE:CRT.UN) report earnings?

CT Real Estate Investment (TSE:CRT.UN) is schdueled to report earning on Nov 10, 2025, After Close (Confirmed).

What is CT Real Estate Investment (TSE:CRT.UN) earnings time?

CT Real Estate Investment (TSE:CRT.UN) earnings time is at Nov 10, 2025, After Close (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?

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What is TSE:CRT.UN EPS forecast?

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