Crombie Real Estate Investment Trust

CRR.UN-T

TSE:CRR.UN

15.97
0.03 (0.19%)
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
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.

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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.

Derek Warren
Price
$13.240
Owned
Yes
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.

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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.

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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.

David Baskin
Price
$12.990
Owned
Yes
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.

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(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.

COMMENT
COMMENT
December 18, 2015

He is underweight, but it is winning him over. The reason is the amount of development they have in Western Canada; pristine, fantastic old Safeway sites, surrounded by apartments and other mixed uses with lots of land. Likes this name.

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He is underweight, but it is winning him over. The reason is the amount of development they have in Western Canada; pristine, fantastic old Safeway sites, surrounded by apartments and other mixed uses with lots of land. Likes this name.

Derek Warren
Price
$12.850
Owned
Yes
COMMENT
COMMENT
November 18, 2015

This is the real estate arm of Sobey (the Empire Group of Companies), so wherever you find a Sobey’s store it is possible the land and building will be owned by this company. The Safeway deal with Empire extended their reach to the West Coast giving it some growth. This is excellent for income seekers. Has never viewed this as being a terrific growth vehicle. Dividend yield of 6.99%.

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This is the real estate arm of Sobey (the Empire Group of Companies), so wherever you find a Sobey’s store it is possible the land and building will be owned by this company. The Safeway deal with Empire extended their reach to the West Coast giving it some growth. This is excellent for income seekers. Has never viewed this as being a terrific growth vehicle. Dividend yield of 6.99%.

David Baskin
Price
$12.740
Owned
Yes
WEAK BUY
WEAK BUY
November 12, 2015

They had an interesting year. After Safeway, a lot of properties dropped to this REIT. There are a lot of high quality opportunities. He is warming up to this story.

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They had an interesting year. After Safeway, a lot of properties dropped to this REIT. There are a lot of high quality opportunities. He is warming up to this story.

Derek Warren
Price
$12.510
Owned
Unknown
BUY
BUY
October 22, 2015

He still likes the REIT sector. He thinks we will see very gradual interest rate increases and it could be a long time in Canada. They trade in quite a range, but if you are in them for the income you can ignore that for the most part. A REIT portfolio for income is great although it should not be the only thing you do. Pipelines and banks are also good things for long term income and growth.

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He still likes the REIT sector. He thinks we will see very gradual interest rate increases and it could be a long time in Canada. They trade in quite a range, but if you are in them for the income you can ignore that for the most part. A REIT portfolio for income is great although it should not be the only thing you do. Pipelines and banks are also good things for long term income and growth.

Michael Decter
Price
$13.260
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
September 11, 2015

As a long-term hold, this is a very solid company. Had an analyst day in August about their Safeway Vancouver properties which is surrounded by condo towers. They need a bigger store, so they were able to close it down, build a bigger store with 2 towers on top of it. The company has identified 14 sorts of opportunities in Calgary and Vancouver. It gives you a nice upside on the growth, and meanwhile you are getting a good solid income. He expects a little bit of a fall back and you may be able to pick it up on weakness.

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As a long-term hold, this is a very solid company. Had an analyst day in August about their Safeway Vancouver properties which is surrounded by condo towers. They need a bigger store, so they were able to close it down, build a bigger store with 2 towers on top of it. The company has identified 14 sorts of opportunities in Calgary and Vancouver. It gives you a nice upside on the growth, and meanwhile you are getting a good solid income. He expects a little bit of a fall back and you may be able to pick it up on weakness.

Derek Warren
Price
$12.740
Owned
No
HOLD
HOLD
July 27, 2015

He has been watching it. This earnings call they will be disclosing more about their development plans. The properties could have so much more built onto them. Definitely hold on to those shares.

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He has been watching it. This earnings call they will be disclosing more about their development plans. The properties could have so much more built onto them. Definitely hold on to those shares.

Derek Warren
Price
$12.350
Owned
No
BUY
BUY
July 2, 2015

Sobeys Family/Empire Group. Many shopping plazas have Sobeys as an anchor tenant. He always liked them as a yield investment for 7.1%. 5 year Canada bonds are at 0.84%. A very good option for income.

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Sobeys Family/Empire Group. Many shopping plazas have Sobeys as an anchor tenant. He always liked them as a yield investment for 7.1%. 5 year Canada bonds are at 0.84%. A very good option for income.

David Baskin
Price
$12.460
Owned
Unknown
WEAK BUY
WEAK BUY
June 23, 2015

The Sobeys family own 40% of this. It is perceived as very much an eastern play. But if you go into a Safeway property out west you are most likely on one of their properties. There are very interesting opportunities for an improvement in land use. The market has not been kind, but it is a waiting game. This is a very attractive entry point.

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The Sobeys family own 40% of this. It is perceived as very much an eastern play. But if you go into a Safeway property out west you are most likely on one of their properties. There are very interesting opportunities for an improvement in land use. The market has not been kind, but it is a waiting game. This is a very attractive entry point.

Derek Warren
Price
$12.740
Owned
Unknown
HOLD
HOLD
June 15, 2015

This was spun off by Empire (EMP.A-T), and it owns a majority of Sobey’s strip mall plazas. It used to be Atlantic Canada only, but continues to get more exposure across Canada. Has owned this for a long time. You own these to get the yield as a substitute for income.

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This was spun off by Empire (EMP.A-T), and it owns a majority of Sobey’s strip mall plazas. It used to be Atlantic Canada only, but continues to get more exposure across Canada. Has owned this for a long time. You own these to get the yield as a substitute for income.

Barry Schwartz
Price
$12.440
Owned
Yes
HOLD
HOLD
May 21, 2015

Not a core holding. You get a good dividend, great management team and the properties are fantastic. You should see the unit price move up since it is trading at a discount.

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Not a core holding. You get a good dividend, great management team and the properties are fantastic. You should see the unit price move up since it is trading at a discount.

Andy Nasr
Price
$12.800
Owned
No
COMMENT
COMMENT
May 20, 2015

This is very, very stable and defensive in nature. Most of the stores are grocery defensive assets. The sector will get hurt if interest rates go up, but this REIT can handle it because of the very solid, stable assets. 7% yield.

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This is very, very stable and defensive in nature. Most of the stores are grocery defensive assets. The sector will get hurt if interest rates go up, but this REIT can handle it because of the very solid, stable assets. 7% yield.

Paul Gardner, CFA
Price
$12.830
Owned
Unknown
Showing 31 to 45 of 124 entries