Financials Crombie Real Estate Investment Trust

Equities

CRR.UN

CA2271071094

Commercial REITs

Market Closed - Toronto S.E. 21:00:00 10/05/2024 BST 5-day change 1st Jan Change
12.94 CAD +1.01% Intraday chart for Crombie Real Estate Investment Trust +0.86% -6.23%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,418 2,271 3,065 2,825 2,494 2,355 - -
Enterprise Value (EV) 1 2,418 2,271 3,065 2,825 2,494 2,355 2,355 2,355
P/E ratio - - - - - - - -
Yield 5.58% 6.2% 4.78% 5.61% 6.45% 6.88% 6.93% -
Capitalization / Revenue - 5.84 x 7.5 x 6.73 x 5.66 x 4.81 x 4.72 x 4.56 x
EV / Revenue - 5.84 x 7.5 x 6.73 x 5.66 x 4.81 x 4.72 x 4.56 x
EV / EBITDA 9.4 x 9.53 x 11.9 x 10.8 x 9.45 x 8.21 x 7.83 x 7.8 x
EV / FCF - -10 x 36.6 x 204 x 18.4 x 28.7 x 30.6 x -
FCF Yield - -9.96% 2.73% 0.49% 5.44% 3.48% 3.27% -
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 151,714 158,239 164,589 178,099 180,729 182,032 - -
Reference price 2 15.94 14.35 18.62 15.86 13.80 12.94 12.94 12.94
Announcement Date 26/02/20 24/02/21 23/02/22 22/02/23 21/02/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 388.7 408.9 419.6 440.9 490 499 516
EBITDA 1 257.4 238.3 257.5 262.3 263.9 287 300.8 302
EBIT - - - - - - - -
Operating Margin - - - - - - - -
Earnings before Tax (EBT) - - - - - - - -
Net income - - - - - - - -
Net margin - - - - - - - -
EPS - - - - - - - -
Free Cash Flow 1 - -226.3 83.77 13.84 135.6 82 77 -
FCF margin - -58.2% 20.49% 3.3% 30.76% 16.73% 15.43% -
FCF Conversion (EBITDA) - - 32.53% 5.28% 51.38% 28.57% 25.6% -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.8900 0.8900 0.8900 0.8900 0.8900 0.8900 0.8967 -
Announcement Date 26/02/20 24/02/21 23/02/22 22/02/23 21/02/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 103.8 104.9 103.1 103.6 107.9 107.6 108 104.5 114.3 118.6 119.8 120.6 121.7 122.2 122.9
EBITDA 1 64.04 64.48 70.1 66.94 60.76 65.36 60.05 68.3 70.23 68.5 72.2 - - 72.56 73.34
EBIT - - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income - - - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - - - -
EPS - - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 23/02/22 11/05/22 10/08/22 09/11/22 22/02/23 10/05/23 09/08/23 08/11/23 21/02/24 08/05/24 - - - - -
1CAD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - -226 83.8 13.8 136 82 77 -
ROE (net income / shareholders' equity) - - - - - - - -
ROA (Net income/ Total Assets) - - - - - - - -
Assets - - - - - - - -
Book Value Per Share - - - - - - - -
Cash Flow per Share - - - - - - - -
Capex 1 - - - - - 117 117 -
Capex / Sales - - - - - 23.91% 23.49% -
Announcement Date 26/02/20 24/02/21 23/02/22 22/02/23 21/02/24 - - -
1CAD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
12.94 CAD
Average target price
15.17 CAD
Spread / Average Target
+17.21%
Consensus

Quarterly revenue - Rate of surprise

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