Crombie Real Estate Investment Trust

CRR.UN-T

TSE:CRR.UN

12.83
0.39 (3.14%)
Crombie REIT is a Canadian unincorporated open ended publicly traded real estate investment trust which trades on the Toronto Stock Exchange and is based in New Glasgow, Nova Scotia.
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Analysis and Opinions about CRR.UN-T

Signal
Opinion
Expert
HOLD
HOLD
July 9, 2019
Competing against Costco & Walmart? Associated with Sobey's. The competition has been there for a while. Sobey's has been developing good partnerships including into delivery. The pressure that has come to retail outlets is coming to groceries as well. You will see stores to optimize space. Sobey's is already looking into this, he feels. Crombie owns the right real estate in the right markets and they have a good redevelopment plan. He would continue to hold.
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Competing against Costco & Walmart? Associated with Sobey's. The competition has been there for a while. Sobey's has been developing good partnerships including into delivery. The pressure that has come to retail outlets is coming to groceries as well. You will see stores to optimize space. Sobey's is already looking into this, he feels. Crombie owns the right real estate in the right markets and they have a good redevelopment plan. He would continue to hold.
BUY WEAKNESS
BUY WEAKNESS
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.
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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.
COMMENT
COMMENT
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.
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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.
BUY
BUY
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.
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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.
HOLD
HOLD
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.
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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.
BUY
BUY
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.

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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.

COMMENT
COMMENT
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.

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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.

HOLD
HOLD
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%.

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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%.

COMMENT
COMMENT
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.

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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.

HOLD
HOLD
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.

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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.

COMMENT
COMMENT
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.

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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.

COMMENT
COMMENT
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.

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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.

HOLD
HOLD
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.

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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.

Andy Nasr

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Price
$13.360
Owned
Unknown
HOLD
HOLD
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.

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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.

Andy Nasr

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Price
$13.560
Owned
Unknown
BUY
BUY
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.

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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.

Showing 1 to 15 of 120 entries

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

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Crombie Real Estate Investment Trust is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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

What is Crombie Real Estate Investment Trust stock symbol?

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

Is Crombie Real Estate Investment Trust a buy or a sell?

In the last year, 2 stock analyst published opinions about CRR.UN-T. 1 analyst recommended to BUY the stock. 0 analyst recommended to SELL the stock. The latest stock analyst recommendation is HOLD. Read the latest stock experts' ratings for Crombie Real Estate Investment Trust.

Is Crombie Real Estate Investment Trust a good investment or a top pick?

Crombie Real Estate Investment Trust was recommended as a Top Pick by Joshua Varghese on 2019-07-09. Read the latest stock experts ratings for Crombie Real Estate Investment Trust.

Why is Crombie Real Estate Investment Trust stock dropping?

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.

Is Crombie Real Estate Investment Trust worth watching?

2 stock analyst on Stockchase covered Crombie Real Estate Investment Trust In the last year. It is a trending stock that is worth watching.

What is Crombie Real Estate Investment Trust stock price?

On 2020-04-08, Crombie Real Estate Investment Trust (CRR.UN-T) stock closed at a price of $12.83.