Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

CT Real Estate Investment Trust (T:CRT.UN)

Business Focus: Retail REITs

Sector:  Real Estate Industry:  Commercial REITs
Company Contact
Address: 2180 Yonge Street, Stn K
PO Box 770
Tel: N/A
IR: See website
Key People
Kevin Mark Salsberg
President, Chief Executive Officer, Trustee
Lesley Patricia Gibson
Chief Financial Officer
Jodi Shpigel
Senior Vice President - Real Estate
Business Overview
CT Real Estate Investment Trust is a closed-end real estate investment trust (REIT) formed to own income-producing commercial properties primarily located in Canada. The Company's portfolio is comprised of over 370 properties totaling approximately 30 million square feet of gross leasable area (GLA), consisting primarily of net lease retail properties located across Canada. It leases REITs and creates long-term value for Unitholders by growing its portfolio of income-producing properties and development projects, benefiting from its relationship with Canadian Tire Corporation, tenant and controlling Unitholder. Its portfolio includes various property types, such as Canadian tire single tenant properties, multi-tenant properties anchored by Canadian tire store, multi-tenant properties not anchored by Canadian tire store, industrial properties, and mixed-use property. Its tenants include save-on-foods/buy-low foods, and lob laws/shoppers drug mart/no frills and bank of Montreal.
Financial Overview
For the nine months ended 30 September 2023, CT Real Estate Investment Trust revenues increased 4% to C$412.8M. Net income decreased 23% to C$87.7M. Revenues reflect FFO per Share (Basic) increase of 4% to C$0.33, FFO per Share (Diluted) increase of 4% to C$0.33, Base rent increase of 3% to C$315.3M, Capital expenditure and interest recover increase of 44% to C$15.3M.
Employees: 59 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $4,364M as of Sep 30, 2023
Annual revenue (TTM): $547.98M as of Sep 30, 2023
EBITDA (TTM): $418.33M as of Sep 30, 2023
Net annual income (TTM): $121.93M as of Sep 30, 2023
Free cash flow (TTM): $354.94M as of Sep 30, 2023
Net Debt Last Fiscal Year: $2,937M as of Sep 30, 2023
Shares outstanding: 235,401,425 as of Nov 21, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization