Advertising
Showing 1 to 15 of 125 entries
BUY
CRR.UN sets up beautifully from a growth to valuation perspective.
property mngmnt / investment
BUY
Killam vs. Crombie REITs Killam holds apartments, an asset class he really likes among REITs. Rent-collection rates are really high for Killam, so no worries about that. All these REITs trade at a 10-15% discount to NAV. Funding costs will drop 1%, because they get funding from CMHC. A hiccup comes from mobile homes which had weakness in the last quarter. Other businesses are fine. CROMBIE: He owns Crombie's debt, not the REIT. This is anchroed by Canadian Safeway and Sobey stores. Highly defensive. Sobeys had an integration problem out west. He likes this as a conservative REIT, but it won't do much. Likes both.
property mngmnt / investment
COMMENT
Grocery anchored retail. The sector is OK, but concerned about the retail in the portfolio. She's not overly excited by it. Better secular growth trends like data centres, industrials, and towers.
property mngmnt / investment
DON'T BUY

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.

property mngmnt / investment
HOLD
A grocery centered REIT. It is a very safe hold. The rent collections have been quite high through the pandemic. It has sold off quite a bit. It is a safe hold. The distribution is safe. He questions the growth in the future, however.
property mngmnt / investment
HOLD
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.
property mngmnt / investment
BUY on WEAKNESS
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
COMMENT
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
BUY
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
HOLD
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
BUY

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
COMMENT

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
HOLD

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
COMMENT

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
HOLD

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
Showing 1 to 15 of 125 entries

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

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

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 analysts published opinions about CRR.UN-T. 2 analysts 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.

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 on . 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 analysts 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 2021-09-27, Crombie Real Estate Investment Trust (CRR.UN-T) stock closed at a price of $17.96.