Sector: Real Estate | Industry: Commercial REITs |
Company Contact | |
Address: | 610 East River Rd Suite 200 NEW GLASGOW NS B2H 3S2 |
Tel: | 1-902-7590164 |
Website: | https://www.crombie.ca |
IR: | See website |
Key People | ||
Mark Holly President, Chief Executive Officer, Trustee | Clinton D. Keay Chief Financial Officer, Secretary | John Barnoski Executive Vice President - Corporate Development |
Arie Bitton Executive Vice President - Leasing and Operations | Trevor Lee Executive Vice President - Development and Construction | Cheryl Ann Fraser Chief Talent Officer, Vice President - Communications | Fred Santini General Counsel |
Business Overview |
Crombie Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The principal business of the Company is investing in income-producing retail, retail-related industrial, mixed-use, and office properties in Canada. Its portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's urban and suburban markets. Its portfolio includes 294 properties comprising approximately 18.7 million square feet. The Company's properties include 1809 Barrington; Aberdeen Business Centre; Acadia Avenue; Amherst Centre; Amherst Plaza; Antigonish Sobeys; Blink Bonnie Plaza; Brunswick Place; Causeway Shopping Centre Sobeys; Cogswell Tower; County Fair Mall; Dartmouth Crossing Cineplex Cinemas; Downsview Mall and Downsview Plaza; Duke Tower; Elmsdale Shopping Centre; Fall River Plaza; Forest Hills; New Waterford, Plummer Ave; New Waterford, Emerald Street, and others. |
Financial Overview |
For the fiscal year ended 31 December 2023, Crombie Real Estate Investment Trust revenues increased 4% to C$444.4M. Net loss totaled C$59.3M vs. income of C$12.3M. Revenues reflect FFO per Share (Basic) increase of 1% to C$1.17, Rental revenue contractually due from te increase of 2% to C$388.6M, Common area cost recoveries increase of 11% to C$62.9M. Net loss reflects Gain on Investment Property decrease of 99% to C$588K (income). |
Employees: | 294 as of Dec 31, 2021 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $3,687M as of Dec 31, 2023 |
Annual revenue (TTM): | $444.37M as of Dec 31, 2023 |
EBITDA (TTM): | $263.20M as of Dec 31, 2023 |
Net annual income (TTM): | -$59.28M as of Dec 31, 2023 |
Free cash flow (TTM): | $105.29M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $2,187M as of Dec 31, 2023 |
Shares outstanding: | 181,362,709 as of Mar 13, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |