🚀 Sign up Free for Public Company Valuation & Insights!
Sign up for free to get access to the best public company valuation and insights. Get started today and unlock the potential of your investments!
Sign Up Videos about InsightfulValue
Crombie Real Estate Investment Trust
-5.0%
Real estate / REIT
At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebCrombie Real Estate Investment Trust (REIT) is a Canada-based real estate investment trust that focuses on owning and operating a portfolio of high-quality grocery-anchored shopping centers, freestanding stores and mixed-use developments. The company's primary objective is to provide unitholders with stable and growing cash distributions through the ownership and management of a diversified portfolio of income-producing properties.
Crombie REIT's portfolio is primarily located in Canada, with a focus on the eastern and western regions of the country. The company owns over 290 commercial properties, including retail and office buildings, with a total gross leasable area of over 20 million square feet.
The company's major tenants include some of the largest and most well-known retailers in Canada, such as Sobeys, Safeway, Dollarama, and Shoppers Drug Mart. Since many of these tenants operate in the essential retail sector, Crombie REIT's portfolio has proven to be resilient and has maintained stable occupancy levels even during economic downturns.
Crombie REIT is governed by a Board of Trustees and managed by a team of experienced real estate professionals. The company aims to create long-term value for its unitholders by actively managing its assets, maintaining a strong financial position, and pursuing growth opportunities in its target markets.
In addition to its core business of property ownership and management, Crombie REIT also has a strong commitment to sustainability and social responsibility. The company has implemented numerous environmental initiatives and supports various community organizations and charities through its charitable giving program.
Overall, Crombie REIT is a well-established and successful real estate investment trust that offers investors an opportunity to benefit from the stability and potential for growth in the Canadian commercial real estate market.
1. Focused on high-quality assets: The Crombie REIT company primarily invests in high-quality retail and office properties across Canada. This focus on quality assets helps to maximize long-term stability and value for shareholders.
2. Strong portfolio diversification: The company has a diverse portfolio of properties, including grocery-anchored retail centers, mixed-use developments, and Class A office spaces. This diversification helps to mitigate risks associated with any single sector or region.
3. Established track record: The company has a long history in the real estate industry, with over 50 years of experience in property ownership and management. This track record of success gives investors confidence in the company's ability to generate stable returns.
4. Strong tenant relationships: Crombie REIT has a close relationship with its tenants, which include major retailers and government agencies. This helps to ensure high occupancy rates and steady rental income.
5. Long-term focus: The company's long-term investment approach means that it prioritizes sustainable growth over short-term gains. This helps to create value for shareholders over the long run.
6. Sustainable and responsible practices: Crombie REIT is committed to sustainability and corporate responsibility, with a focus on reducing its environmental impact, engaging with the community, and promoting diversity and inclusion.
7. Experienced management team: The company's management team is highly experienced and has a strong track record in the Canadian real estate market. This expertise helps to drive the company's success and create value for shareholders.
8. Strong financial performance: Crombie REIT has consistently delivered strong financial results, including solid occupancy rates, steady rental income growth, and a strong balance sheet. This stability and growth potential make it an attractive investment option.
9. Distribution history: The company has a history of paying steady and growing distributions to its shareholders, providing a reliable income stream for investors.
10. Toronto Stock Exchange listing: Crombie REIT is listed on the Toronto Stock Exchange under the symbol CRR.UN, providing investors with liquidity and transparency in trading.
The Crombie Real Estate Investment Trust (REIT) is a publicly traded real estate investment trust that owns and operates a portfolio of retail and grocery-anchored properties in Canada. The company's business model is to acquire, develop, and manage high-quality properties in strategic locations, with a focus on long-term stable cash flow and capital appreciation.
Crombie REIT's main sources of revenue come from leasing its properties to tenants, such as retailers, supermarkets, and other commercial businesses, who pay rent in exchange for the use of the space. The company also generates income from property management fees and property development projects.
The REIT's goal is to provide investors with a stable and growing distribution of cash from operations, backed by a diversified portfolio of high-quality real estate assets. This is achieved through strategic property acquisitions, ongoing portfolio optimization, and proactive asset management.
Crombie REIT also aims to generate long-term value for its shareholders by actively managing its properties and ensuring a strong balance sheet. The company continually reinvests in its properties, upgrading and expanding its portfolio to stay competitive and meet the changing needs of its tenants and customers.
Overall, the Crombie REIT's business model is built on the principles of stability, diversification, and long-term growth, with a focus on delivering value to investors while providing essential services and amenities to its tenants and communities.
1. Crombie Real Estate Investment Trust is a publicly-traded real estate investment trust (REIT) based in Canada.
2. The company was founded in 2006 and is headquartered in New Glasgow, Nova Scotia.
3. Crombie REIT owns and operates a diverse portfolio of commercial properties across Canada, including retail, office, and mixed-use properties.
4. As of 2021, Crombie REIT has a total portfolio of approximately 300 properties with a total gross leasable area of over 19 million square feet.
5. The company’s largest tenants include major retailers such as Sobeys, Shoppers Drug Mart, and Sobeys Liquor.
6. Crombie REIT is listed on the Toronto Stock Exchange under the ticker symbol CRR.UN.
7. The company has a strong focus on sustainability, with over 75% of its properties being BOMA BEST certified, an industry standard for environmental performance.
8. Crombie REIT has a history of consistently increasing dividend payouts to its shareholders, with a dividend yield of approximately 5%.
9. In 2015, Crombie REIT became the first Canadian REIT to be recognized as a Global Compact LEAD company by the United Nations. This designation is given to companies that have demonstrated a commitment to the United Nations’ principles of sustainability and responsible business practices.
10. Crombie REIT has been recognized for its corporate governance and sustainability efforts by being named one of Canada’s Best Employers by Forbes in 2019 and being listed on the Dow Jones Sustainability World and North America indices in 2020.