119

Crombie Real Estate Investment Trust (CRR.UN-T)

ON STOCKCHASE SINCE Apr 2006

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Crombie Real Estate Inves...
CRR.UN-T

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What the experts are saying about CRR.UN-T

Signal	Opinion	Expert
BUY on WEAKNESS	Crombie Real Estate Investment Trust(CRR.UN-T) April 1, 2019 A good management team. They are the largest landlord to Sobeys, the largest grocery store in Canada. This is a landlord that is positioned to understand what e-commerce is going to do to physical real estate. They are trading at a discount and he would be picking away here. property mngmnt/investment 0 0 0 0 0 0 comments	A good management team. They are the largest landlord to Sobeys, the largest grocery store in Canada. This is a landlord that is positioned to understand what e-commerce is going to do to physical real estate. They are trading at a discount and he would be picking away here. property mngmnt/investment 0 0 0 0 0 0 comments Joshua Varghese Portfolio , Signature Global Ass... Price $14.180 Owned Unknown

COMMENT	Crombie Real Estate Investment Trust(CRR.UN-T) February 14, 2019 He likes REITs overall. REITs picked up in Q4. This one is stable but it is not the cheapest. He prefers others. It has a good yield but you can get better. He is neutral. property mngmnt/investment 0 0 0 0 0 0 comments	He likes REITs overall. REITs picked up in Q4. This one is stable but it is not the cheapest. He prefers others. It has a good yield but you can get better. He is neutral. property mngmnt/investment 0 0 0 0 0 0 comments Jason Mann CIO & Co-F, Edgehill Patners... Price $13.810 Owned Unknown
BUY	Crombie Real Estate Investment Trust(CRR.UN-T) January 28, 2019 Sobeys is the prime tenant. He owns the bonds but is looking at the stock. This is going to become a lot more of an actively managed company. They are looking at growing and diversifying the portfolio and so this could result in more growth in the future. property mngmnt/investment 0 0 0 0 0 0 comments	Sobeys is the prime tenant. He owns the bonds but is looking at the stock. This is going to become a lot more of an actively managed company. They are looking at growing and diversifying the portfolio and so this could result in more growth in the future. property mngmnt/investment 0 0 0 0 0 0 comments Stephen Takacsy Chief Inve, Lester Asset Managem... Price $13.670 Owned Unknown
HOLD	Crombie Real Estate Investment Trust(CRR.UN-T) December 5, 2018 This company leases to Sobey’s. At his value, it is heavily discounted and there is good development potential. He questions where the capital is going to come from. So he continues to watch, but views it a good hold. property mngmnt/investment 0 0 0 0 0 0 comments	This company leases to Sobey’s. At his value, it is heavily discounted and there is good development potential. He questions where the capital is going to come from. So he continues to watch, but views it a good hold. property mngmnt/investment 0 0 0 0 0 0 comments Joshua Varghese Portfolio , Signature Global Ass... Price $12.970 Owned No
BUY	Crombie Real Estate Investment Trust(CRR.UN-T) September 28, 2018 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. property mngmnt/investment 0 0 0 0 0 0 comments	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. property mngmnt/investment 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $13.010 Owned Unknown
COMMENT	Crombie Real Estate Investment Trust(CRR.UN-T) August 16, 2018 It's getting swept up in the same issue as its peers, like Riocan and Choice Properties--all high-quality REITs that hold retail. In the U.S. there's been a mass sell-off of retail. All such REITs have been swept up in this sell-off and are trading at discounts to NAV. Recently, these REITs have rebounded though. All are selling assets and reinvesting that cash in their core locations. This includes Crombie. But these are long-term projects. Steady over the long-term to own, though don't expect a spike anytime soon. property mngmnt/investment 0 0 0 0 0 0 comments	It's getting swept up in the same issue as its peers, like Riocan and Choice Properties--all high-quality REITs that hold retail. In the U.S. there's been a mass sell-off of retail. All such REITs have been swept up in this sell-off and are trading at discounts to NAV. Recently, these REITs have rebounded though. All are selling assets and reinvesting that cash in their core locations. This includes Crombie. But these are long-term projects. Steady over the long-term to own, though don't expect a spike anytime soon. property mngmnt/investment 0 0 0 0 0 0 comments Joshua Varghese Portfolio , Signature Global Ass... Price $13.220 Owned Unknown
HOLD	Crombie Real Estate Investment Trust(CRR.UN-T) February 7, 2018 He owns the debenture not the REIT. He likes the company and management. They are the real estate arm of Sobey’s, which has struggled after the Safeway acquisition. There is little chance for the dividend to be cut because of the class of tenants. However, there is not much room for growth. It is a defensive REIT that will just likely pay the distribution. Yield 7%. property mngmnt/investment 0 0 0 0 0 0 comments	He owns the debenture not the REIT. He likes the company and management. They are the real estate arm of Sobey’s, which has struggled after the Safeway acquisition. There is little chance for the dividend to be cut because of the class of tenants. However, there is not much room for growth. It is a defensive REIT that will just likely pay the distribution. Yield 7%. property mngmnt/investment 0 0 0 0 0 0 comments Paul Gardner, C Partner an, Avenue Investment Ma... Price $13.130 Owned No
COMMENT	Crombie Real Estate Investment Trust(CRR.UN-T) November 29, 2017 This is the real estate arm of Empire, and the major tenant is Sobey’s, which is struggling. About 30% of their rental is from Sobey’s. A strong, defensive style REIT, because it is generally anchored by non-cyclical retail outlets. You are going to clip your 6.5%, but doesn’t think you’re going to make anything more than that. This is not a growth story. He owns their debt. property mngmnt/investment 0 0 0 0 0 0 comments	This is the real estate arm of Empire, and the major tenant is Sobey’s, which is struggling. About 30% of their rental is from Sobey’s. A strong, defensive style REIT, because it is generally anchored by non-cyclical retail outlets. You are going to clip your 6.5%, but doesn’t think you’re going to make anything more than that. This is not a growth story. He owns their debt. property mngmnt/investment 0 0 0 0 0 0 comments Paul Gardner, C Partner an, Avenue Investment Ma... Price $13.760 Owned Yes
HOLD	Crombie Real Estate Investment Trust(CRR.UN-T) November 2, 2017 It did not get caught up in the troubles at Sobeys. They bought some real estate from Safeway after accusation by EMP-T. He was nervous about being Amazoned (AMZN-Q). REITs historically have difficulty in rising interest rate environments. He sold although there is nothing wrong with it. property mngmnt/investment 0 0 0 0 0 0 comments	It did not get caught up in the troubles at Sobeys. They bought some real estate from Safeway after accusation by EMP-T. He was nervous about being Amazoned (AMZN-Q). REITs historically have difficulty in rising interest rate environments. He sold although there is nothing wrong with it. property mngmnt/investment 0 0 0 0 0 0 comments Bruce Campbell President, Campbell and Lee Inv... Price $13.460 Owned No
COMMENT	Crombie Real Estate Investment Trust(CRR.UN-T) May 3, 2017 Chart shows a bit of a base followed by a bit of a break out. What can happen after you get a break out is that you get a bit of a test down to the old break out. If it does bounce off that and moves up, it could be a very good stock. property mngmnt/investment 0 0 0 0 0 0 comments	Chart shows a bit of a base followed by a bit of a break out. What can happen after you get a break out is that you get a bit of a test down to the old break out. If it does bounce off that and moves up, it could be a very good stock. property mngmnt/investment 0 0 0 0 0 0 comments Keith Richards Portfolio , ValueTrend Wealth Ma... Price $14.320 Owned Unknown
COMMENT	Crombie Real Estate Investment Trust(CRR.UN-T) February 3, 2017 Because Sobey’s is the main tenant, there is a lot of looking at the Empire stock right now. That has put pressure on the real estate. The concern is that the Empire Group, in order to raise money to fix their grocery business, will sell the rest of their real estate down into Crombie, which would mean a very large equity issue. Because of that, he is not there right now. He is waiting to see what happens. property mngmnt/investment 0 0 0 0 0 0 comments	Because Sobey’s is the main tenant, there is a lot of looking at the Empire stock right now. That has put pressure on the real estate. The concern is that the Empire Group, in order to raise money to fix their grocery business, will sell the rest of their real estate down into Crombie, which would mean a very large equity issue. Because of that, he is not there right now. He is waiting to see what happens. property mngmnt/investment 0 0 0 0 0 0 comments Derek Warren Asst Vice , Lincluden Investment... Price $13.500 Owned No
HOLD	Crombie Real Estate Investment Trust(CRR.UN-T) December 15, 2016 The volatility is a reflection of the broader real estate sector. It has to do with the threat of rising interest rates. They can benefit from underlying growth in Sobeys. This REIT is not very affected by EMP-T’s difficulties in integrating Safeway. property mngmnt/investment 0 0 0 0 0 0 comments	The volatility is a reflection of the broader real estate sector. It has to do with the threat of rising interest rates. They can benefit from underlying growth in Sobeys. This REIT is not very affected by EMP-T’s difficulties in integrating Safeway. property mngmnt/investment 0 0 0 0 0 0 comments Andy Nasr VP & Inves, Sentry Investments... Price $13.360 Owned Unknown
HOLD	Crombie Real Estate Investment Trust(CRR.UN-T) November 23, 2016 A relatively stable name. Sold off a lot, primarily related to interest rate concerns as well as some of the grocery store challenges. Thinks it offers pretty good returns here. 6.6% yield. property mngmnt/investment 0 0 0 0 0 0 comments	A relatively stable name. Sold off a lot, primarily related to interest rate concerns as well as some of the grocery store challenges. Thinks it offers pretty good returns here. 6.6% yield. property mngmnt/investment 0 0 0 0 0 0 comments Andy Nasr VP & Inves, Sentry Investments... Price $13.560 Owned Unknown
BUY	Crombie Real Estate Investment Trust(CRR.UN-T) November 17, 2016 He likes that their portfolio has a lot of development potential, especially in the Safeway portfolio that they purchased. The market however has been very harsh on this because of their relation with the Empire group and the grocery debacle. He doesn’t think the grocery is going to fail. This means you are buying a company with great real estate solid locations with development opportunities. The rest of the legacy portfolio is solid cash producing assets, often the only grocery store in town. You are getting this at a very steep discount. property mngmnt/investment 0 0 0 0 0 0 comments	He likes that their portfolio has a lot of development potential, especially in the Safeway portfolio that they purchased. The market however has been very harsh on this because of their relation with the Empire group and the grocery debacle. He doesn’t think the grocery is going to fail. This means you are buying a company with great real estate solid locations with development opportunities. The rest of the legacy portfolio is solid cash producing assets, often the only grocery store in town. You are getting this at a very steep discount. property mngmnt/investment 0 0 0 0 0 0 comments Derek Warren Asst Vice , Lincluden Investment... Price $13.350 Owned Yes
COMMENT	Crombie Real Estate Investment Trust(CRR.UN-T) September 2, 2016 OK in a TFSA? Yes, that is fine. He really likes this one. The biggest risk is the Sobeys family, which has been an underperforming grocer. That doesn’t affect this REIT unless something major goes wrong. The discount it has been trading at, relevant to its peers is too wide, and there is still a chance for a re-rating of the stock. However, he thinks that will have to wait until there is a little bit of stability in Sobeys. property mngmnt/investment 0 0 0 0 0 0 comments	OK in a TFSA? Yes, that is fine. He really likes this one. The biggest risk is the Sobeys family, which has been an underperforming grocer. That doesn’t affect this REIT unless something major goes wrong. The discount it has been trading at, relevant to its peers is too wide, and there is still a chance for a re-rating of the stock. However, he thinks that will have to wait until there is a little bit of stability in Sobeys. property mngmnt/investment 0 0 0 0 0 0 comments Derek Warren Asst Vice , Lincluden Investment... Price $15.180 Owned Unknown

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