It holds mostly retail that contains Sobeys and is 40% in the east coast. Empire owns 40% of this. Last week's Q2 results were below expectations due to high debt. Rent collection was 93% in July, which is positive. New buildings will be mixed-use, which is positive but COVID has delayed and made the costs higher. They have a good pipeline and Empire's backing are pluses, but she sees better opportunities in other sectors. She likes this REIT, though, and sees it as a steady eddy.
Thinks it will be fine, despite Amazon. Debt still a bit high. Q2 was solid, occupancy at 96%. Substantial growth pipeline. Modelling 3.2% growth rate 2017-19. Payout ratio is 82%. Distribution is about 6.7%. Pretty cheap, 12.2x next year. Yield sensitive, so if rates go up, it won’t do the heavy lifting for your portfolio. You can own it here.
Crombie Real Estate Investment Trust is a Canadian stock, trading under the symbol CRR.UN-T on the Toronto Stock Exchange (CRR.UN-CT). It is usually referred to as TSX:CRR.UN or CRR.UN-T
In the last year, 1 stock analyst published opinions about CRR.UN-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Crombie Real Estate Investment Trust.
Crombie Real Estate Investment Trust was recommended as a Top Pick by on . Read the latest stock experts ratings for Crombie Real Estate Investment Trust.
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1 stock analyst on Stockchase covered Crombie Real Estate Investment Trust In the last year. It is a trending stock that is worth watching.
On 2023-06-02, Crombie Real Estate Investment Trust (CRR.UN-T) stock closed at a price of $14.46.