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.
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.
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.
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.
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.
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%.
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%.
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.
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.
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.
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.
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.
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.
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 3
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, 3 stock analysts published opinions about CRR.UN-T. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for Crombie Real Estate Investment Trust.
Crombie Real Estate Investment Trust was recommended as a Top Pick by Paul Gardner, CFA on 2021-01-12. Read the latest stock experts ratings for Crombie Real Estate Investment Trust.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Crombie Real Estate Investment Trust In the last year. It is a trending stock that is worth watching.
On 2021-05-14, Crombie Real Estate Investment Trust (CRR.UN-T) stock closed at a price of $17.08.
