Crombie Real Estate Investment Trust

CRR.UN-T

TSE:CRR.UN

13.78
0.44 (3.30%)
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.
More at Wikipedia

Analysis and Opinions about CRR.UN-T

Signal
Opinion
Expert
COMMENT
COMMENT
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.

Show full opinionHide full opinion

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.

DON'T BUY
DON'T BUY
July 28, 2016

(Market Call Minute) Decent for Canadian investors. It had a good run. He prefers some Western Canadian REITs that represent deeper value.

Show full opinionHide full opinion

(Market Call Minute) Decent for Canadian investors. It had a good run. He prefers some Western Canadian REITs that represent deeper value.

TOP PICK
TOP PICK
July 8, 2016

Empire, a tenant of this company, is having trouble with Sobey’s with disappointing results this week and a management shakeup. He likes opportunities like this. Already trading at a discount to other retail REITs, 15X versus 20X for others. Their problems do not change the location of the buildings, and a well located property that provides grocery stores, will always have strong value. If this negative news puts pressure on this company, it is one that should be bought, because it has good management which will be able to manage through it. Dividend yield of 5.74%.

Show full opinionHide full opinion

Empire, a tenant of this company, is having trouble with Sobey’s with disappointing results this week and a management shakeup. He likes opportunities like this. Already trading at a discount to other retail REITs, 15X versus 20X for others. Their problems do not change the location of the buildings, and a well located property that provides grocery stores, will always have strong value. If this negative news puts pressure on this company, it is one that should be bought, because it has good management which will be able to manage through it. Dividend yield of 5.74%.

COMMENT
COMMENT
July 5, 2016

This has been a really solid performer. He is more focused on the apartment sector, a little bit more into office space, and away from retail. The chart emphasizes the stability which is the one aspect of this company that is quite attractive. 6% dividend yield. If you own this, you should do fine through the end of the year.

Show full opinionHide full opinion

This has been a really solid performer. He is more focused on the apartment sector, a little bit more into office space, and away from retail. The chart emphasizes the stability which is the one aspect of this company that is quite attractive. 6% dividend yield. If you own this, you should do fine through the end of the year.

BUY
BUY
June 30, 2016

(Market Call Minute) Management has done a good job. It ranks well.

Show full opinionHide full opinion

(Market Call Minute) Management has done a good job. It ranks well.

COMMENT
COMMENT
June 21, 2016

Sell Crombie (CRR.UN-T) and buy Aecon (ARE-T)? A well-managed business, but REITs have had a long time to be able to move higher and higher in terms of valuations. Probably not a bad time to be making a switch, but be careful of moving to Aecon because it has also moved considerably.

Show full opinionHide full opinion

Sell Crombie (CRR.UN-T) and buy Aecon (ARE-T)? A well-managed business, but REITs have had a long time to be able to move higher and higher in terms of valuations. Probably not a bad time to be making a switch, but be careful of moving to Aecon because it has also moved considerably.

COMMENT
COMMENT
May 20, 2016

Artis REIT (AX.UN-T) or Crombie REIT (CRR.UN-T)? Likes this one as a good place to start adding, which he is doing right now. He likes the food side and their attachment to Sobey’s. He has just raised the target. A very steady, safe, boring business that generates a lot of cash flows.

Show full opinionHide full opinion

Artis REIT (AX.UN-T) or Crombie REIT (CRR.UN-T)? Likes this one as a good place to start adding, which he is doing right now. He likes the food side and their attachment to Sobey’s. He has just raised the target. A very steady, safe, boring business that generates a lot of cash flows.

TOP PICK
TOP PICK
May 6, 2016

This is typically Sobey’s anchored, Eastern Canadian. Now with the Safeway transaction, they’re also in Western Canada and have said they are going to develop and maintain this. Their last quarter was excellent. Dividend yield of 6.31%.

Show full opinionHide full opinion

This is typically Sobey’s anchored, Eastern Canadian. Now with the Safeway transaction, they’re also in Western Canada and have said they are going to develop and maintain this. Their last quarter was excellent. Dividend yield of 6.31%.

PAST TOP PICK
PAST TOP PICK
April 28, 2016

(A Top Pick May 1/15. Up 12.18%.) This is the REIT that owns the Sobey’s family real estate. You get about a 6% yield. Under $14 would be a better entry point.

Show full opinionHide full opinion

(A Top Pick May 1/15. Up 12.18%.) This is the REIT that owns the Sobey’s family real estate. You get about a 6% yield. Under $14 would be a better entry point.

COMMENT
COMMENT
March 15, 2016

Empire is having trouble with Sobey’s, but it is not so much that they are going to close a bunch of stores, etc. This has a good yield, and you have the safety of the Sobey’s family, and they are anchors for a lot of their real estate. Feels it is a bit better growth than average and a bit better dividend. Once this all subsides, he could see this being an above average REIT.

Show full opinionHide full opinion

Empire is having trouble with Sobey’s, but it is not so much that they are going to close a bunch of stores, etc. This has a good yield, and you have the safety of the Sobey’s family, and they are anchors for a lot of their real estate. Feels it is a bit better growth than average and a bit better dividend. Once this all subsides, he could see this being an above average REIT.

PAST TOP PICK
PAST TOP PICK
March 2, 2016

(A Top Pick March 24/15. Up 8.37%.) The real estate holding arm associated with Sobey’s and the Empire group. With the expansion of Safeway to Western Canada, it gives Crombie a whole new platform of growth. In the mean time you are getting a yield of over 6%.

Show full opinionHide full opinion

(A Top Pick March 24/15. Up 8.37%.) The real estate holding arm associated with Sobey’s and the Empire group. With the expansion of Safeway to Western Canada, it gives Crombie a whole new platform of growth. In the mean time you are getting a yield of over 6%.

COMMENT
COMMENT
February 3, 2016

Payout is a little high, not overpaying, but pretty close. This will be coming down over time as they continue to grow their cash flow. Believes they can because of 1) their relationship with Sobey’s and 2) their purchase of the real estate of Safeway, which gives them a lot of development opportunities. He is watching the earnings growth.

Show full opinionHide full opinion

Payout is a little high, not overpaying, but pretty close. This will be coming down over time as they continue to grow their cash flow. Believes they can because of 1) their relationship with Sobey’s and 2) their purchase of the real estate of Safeway, which gives them a lot of development opportunities. He is watching the earnings growth.

COMMENT
COMMENT
January 6, 2016

This is the REIT that operates the Sobey’s complex, which has just bought Safeway in the West. They have a series of supermarket grocery outlets. This would be a good REIT, because basically what you have are food stores as anchor tenants, and are likely to be quite safe over a period of time.

Show full opinionHide full opinion

This is the REIT that operates the Sobey’s complex, which has just bought Safeway in the West. They have a series of supermarket grocery outlets. This would be a good REIT, because basically what you have are food stores as anchor tenants, and are likely to be quite safe over a period of time.

BUY
BUY
January 5, 2016

The real estate arm of the Sobeys family (Empire Group). It has expansion possibilities in Western Canada now. It has a rich yield of 6.9%. You will get a little growth, terrific yield and very safe and steady.

Show full opinionHide full opinion

The real estate arm of the Sobeys family (Empire Group). It has expansion possibilities in Western Canada now. It has a rich yield of 6.9%. You will get a little growth, terrific yield and very safe and steady.

PAST TOP PICK
PAST TOP PICK
January 4, 2016

(Top Pick Jan 21/15, Up 3.60%) Sobeys family REIT. There is a growth platform due to Sobeys acquiring Safeway. Safe distribution over 6% and growth. It is still a good hold. It is relatively stable.

Show full opinionHide full opinion

(Top Pick Jan 21/15, Up 3.60%) Sobeys family REIT. There is a growth platform due to Sobeys acquiring Safeway. Safe distribution over 6% and growth. It is still a good hold. It is relatively stable.

Showing 16 to 30 of 120 entries