TSE:CRT.UN

CT Real Estate Investment (CRT.UN.TO)

17.76
+0.07 (0.40%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJun 6, 2026, 12:00 am

This summary was created by AI, based on 3 opinions in the last 12 months.

CT Real Estate Investment Trust (CRT.UN-T) has garnered attention from various experts for its stability and consistent performance. A significant portion of its income is derived from Canadian Tire, which is said to own about 70% of the REIT, resulting in a solid but limited growth trajectory. Analysts note that while the topline growth hovers around 2%, this translates to approximately 3% growth on the bottom line. The dividend yield is attractive, just below 6%, providing income stability in a cautious market environment. One expert highlights the technical aspects of the stock, noting a pattern of higher highs and lows, reinforcing its potential as a defensive investment that acts similarly to bonds amidst economic uncertainties.

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Consensus
Positive
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Valuation
Fair Value
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Similar
Smartcentres, SRU.UN
DON'T BUY
A bet on Canadian Tire over the next 10 years. Doesn't see significant amount of growth. Like a bond proxy. Safe play, but there are better opportunities.
DON'T BUY
Spun-out from Canadian Tire, and 92% of their income comes from Canadian Tire. They reported strong results last week; they collected an impressive 98.5% of rent in July. They surprisingly raised their Q2 dividend by 2%, indicating confident cash flows. Won't be much growth, because the leases are 9 years on average, but will be safe and steady steady. Canadian Tire owns this, which is a tailwind, but there's better growth elsewhere.
DON'T BUY

They will probably have no trouble collecting their rents. Their business will be challenged by the AMZN-Q model. He would not chase them here as they are expensive.

TOP PICK
It's the REIT spin-off of Canadian Tire. A very stable business as a triple-net REIT where the tenant pays all expenses of a property. A sustainable cash glow. View this as a long-term bond. It yields above 5% (great for a bond).
BUY
CRT.UN vs. CHP.UN Choice Properties is the largest Canadian REIT. Strong management. Good pipeline, so no shortage of growth. Working to reduce leverage. Nothing wrong with it. Great company. Fairly valued, so better opportunities elsewhere. She prefers Canadian Tire, mainly on the valuation. More short-term upside.
COMMENT

CTC.A vs CRT.UN? CRT.UN has had a nice upward breakout recently which is very positive -- you may have missed the upside move on this one. CTC.A-T has been in a choppy trading cycle since last December. It now seems to be showing some relative strength to the S&P Index. He would stick with CTC.A-T.

HOLD
This is very bond like and is very high quality. It was spun out from Canadian Tire. The yield is safe. A hold for him.
WAIT
CT REIT vs. Choice Properties Choice is a Loblaw spinout. More exposure to office, industrial, and multi-family. Still working through integration. Long-term, steady eddy hold. Modest distribution increases. Massive development pipeline. For CT REIT, a very comfortable hold. At least 4% earnings growth. Long runway. Doesn't own either, as the economy isn't in a recession where she needs to own these bond proxies. But they're both great stocks.
COMMENT

He does not know this one well. You need to understand debt, payout ratios and they could have difficulty down the road.

COMMENT

This is probably the safer way to get a little bit of income into your portfolio without having to take on a lot of volatility. His only concern is that, given that it is a very well capitalized company, if Canadian Tire is going to be a going concern over the course of the next 10-15 years. This is probably a good opportunity to get yield and have a little bit of upside.

COMMENT

Holds Canadian Tire real estate as well as some of the properties. A great company. They have good growth built into their leases and a very good real estate management team. This has been flat for about a year, and is starting to look more attractive. They continue to do very well on their earnings. Many retailers have faced issues, but this is not one of them. However, if that happens, you will end up with buildings in very, very small towns.

BUY

It is a very stable REIT. You have a very good tenant and the yield is a great alternative to a nominal bond. It is a good bond proxy. It won’t have a whole lot of volatility. 4.7% yield, sustainable.

HOLD

(Market Call Minute.) Owns a lot of Canadian Tire retail holdings.

COMMENT

A great company. Had owned this for a long time, but got a little too pricey for him. However, it continues to do very well. Canadians understand the Canadian Tire brand and its stability. Although it is a fantastic name, he doesn’t think it deserves the premium that it is trading at now.

BUY ON WEAKNESS

The problem with this is the valuation. Has recommended this in the past, and it has continued to go up and up and up. He continued trimming until he now has none left. Would like to see it about $1 cheaper before going back in.

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