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CT REIT
Real estate / REIT Commercial
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Company Overview
General information about the CT REIT company
CT REIT, also known as Canadian Tire Real Estate Investment Trust, is a publicly traded real estate investment trust that was established in 2013. It is a subsidiary of Canadian Tire Corporation and is listed on the Toronto Stock Exchange under the ticker symbol CRT.UN. The company's main focus is on acquiring, developing, and managing retail properties across Canada, primarily leased to the Canadian Tire Corporation and its affiliates. The company's portfolio includes over 380 properties, which are home to Canadian Tire, Mark's, Sport Chek, and other retail brands. CT REIT's strategy is to provide stable and growing cash distributions to unitholders while preserving the long-term value of its real estate portfolio.
What is special about the CT REIT company?
1. First publicly traded Canadian real estate investment trust (REIT): CT REIT was the first REIT in Canada to be listed on the Toronto Stock Exchange, providing investors with a unique opportunity to invest in a diversified portfolio of retail properties.
2. Strong portfolio of properties: The company's portfolio consists of over 350 properties, including retail stores, distribution centers, and mixed-use properties, valued at over $9.1 billion as of December 2020.
3. Long-term anchor tenant: CT REIT has a long-term partnership with Canadian retail giant Loblaw Companies Limited, with the majority of its properties leased to Loblaw banners such as Loblaws, Shoppers Drug Mart, and Real Canadian Superstore. This provides stable and predictable rental income for the REIT.
4. High occupancy rates: As of December 2020, CT REIT reported a 99.6% occupancy rate, indicating strong demand for its properties.
5. Diversified tenant mix: While Loblaw is the main tenant, CT REIT also has a diverse mix of other tenants, reducing dependence on a single tenant and providing a stable income stream.
6. Geographically diversified: CT REIT's properties are geographically diversified across Canada, with a presence in both urban and suburban areas, reducing regional market risks.
7. Commitment to environmental sustainability: The company has committed to reducing its carbon footprint and implementing sustainable practices through its Green Team program, demonstrating its responsibility towards the environment.
8. Regular dividend payments: CT REIT has a track record of paying regular and predictable dividends to its shareholders, with a current dividend yield of around 5%.
9. Experienced management team: The company is led by an experienced management team with a proven track record in the real estate industry, providing investors with confidence in the company's operations.
10. Growth potential: With a strong portfolio, stable rental income, and a commitment to sustainable growth, CT REIT has the potential for long-term growth and value creation for its shareholders.
2. Strong portfolio of properties: The company's portfolio consists of over 350 properties, including retail stores, distribution centers, and mixed-use properties, valued at over $9.1 billion as of December 2020.
3. Long-term anchor tenant: CT REIT has a long-term partnership with Canadian retail giant Loblaw Companies Limited, with the majority of its properties leased to Loblaw banners such as Loblaws, Shoppers Drug Mart, and Real Canadian Superstore. This provides stable and predictable rental income for the REIT.
4. High occupancy rates: As of December 2020, CT REIT reported a 99.6% occupancy rate, indicating strong demand for its properties.
5. Diversified tenant mix: While Loblaw is the main tenant, CT REIT also has a diverse mix of other tenants, reducing dependence on a single tenant and providing a stable income stream.
6. Geographically diversified: CT REIT's properties are geographically diversified across Canada, with a presence in both urban and suburban areas, reducing regional market risks.
7. Commitment to environmental sustainability: The company has committed to reducing its carbon footprint and implementing sustainable practices through its Green Team program, demonstrating its responsibility towards the environment.
8. Regular dividend payments: CT REIT has a track record of paying regular and predictable dividends to its shareholders, with a current dividend yield of around 5%.
9. Experienced management team: The company is led by an experienced management team with a proven track record in the real estate industry, providing investors with confidence in the company's operations.
10. Growth potential: With a strong portfolio, stable rental income, and a commitment to sustainable growth, CT REIT has the potential for long-term growth and value creation for its shareholders.
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