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CT REIT
CT REIT

Real estate / REIT Commercial

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Overview
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 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.
What the company's business model?
CT REIT is a Canadian real estate investment trust (REIT) that owns and manages a portfolio of retail properties across Canada. The company's business model is based on acquiring and owning high-quality retail properties, generating rental income from tenants, and increasing the value of its portfolio through strategic asset management and redevelopment projects.
CT REIT's portfolio consists of primarily stand-alone retail properties that are anchored by tenants such as Canadian Tire, SportChek, Mark's, and Gas+. These properties are located in diverse markets across Canada, providing a stable and geographically diversified source of income for the company.
In addition to collecting rental income, CT REIT also enters into long-term leases with its tenants and actively manages its properties to maximize their value. This includes investing in property improvements and renovations to attract new tenants and increase the rental rates on existing leases.
CT REIT's business model also includes a focus on sustainable and environmentally friendly practices, with the goal of reducing energy consumption and operating costs.
Overall, the company's business model revolves around acquiring and managing a diverse portfolio of high-quality retail properties to generate stable and growing cash flows for its investors.
Interesting facts about the company
1. CT REIT (Canadian Tire Real Estate Investment Trust) was founded in 2013 as a spin-off of Canadian Tire Corporation, Limited, one of Canada’s largest retail companies.
2. The company’s primary business is owning and managing a portfolio of retail properties across Canada that are tenanted by Canadian Tire stores and other retail chains.
3. CT REIT owns over 350 properties with a total gross leasable area of 28 million square feet, making it one of the largest owners and managers of commercial real estate in Canada.
4. The majority of CT REIT’s properties are anchored by Canadian Tire stores, but the company also has a mix of other tenants such as, Mark’s, SportChek, and Gas+.
5. The company’s unique relationship with Canadian Tire Corporation allows it to access the retail giant’s market knowledge, information, and expertise in site selection and property management.
6. In 2013, CT REIT completed one of the largest initial public offerings (IPO) in Canadian history, raising over $300 million.
7. CT REIT is a publicly traded company, listed on the Toronto Stock Exchange under the symbol CRT.UN.
8. In 2015, CT REIT acquired a significant portfolio of properties from Canadian Tire Corporation for $1.8 billion, solidifying its position as one of Canada’s leading retail property owners.
9. CT REIT is committed to sustainability and has implemented various environmentally friendly initiatives, such as solar panel installations at select properties and LEED certification for new developments.
10. The company also has a strong commitment to giving back to the communities in which it operates, supporting various charitable organizations and initiatives across Canada.
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