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 Club
$299/ 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.

Cominar Real Estate Investment Trust (T:CUF.UN)

Business Focus: Diversified REITs

Sector:  Financials Industry:  Diversified REITs
See Regulatory Filings on SEDAR
Company Contact
Address: 2820 Laurier Blvd Suite 850
Tel: N/A
IR: See website
Key People
Sylvain Cossette
President, Chief Executive Officer, Trustee
Heather C. Kirk
Chief Financial Officer, Executive Vice President
Alain Dallaire
Chief Operating Officer, Executive Vice President
Marie-Andree Boutin
Executive Vice President - Retail Strategy and Operations
Wally Commisso
Executive Vice President - Operations and Property Management
Jean Laramee
Executive Vice President - Development
Michael Racine
Executive Vice President - Leasing - Office and Industrial
Carl Pepin
Vice President - Finance and Accounting
Manon Deslauriers
Vice President - Legal Affairs, Corporate Secretary
Business Overview
Cominar REIT is a Canada-based real estate investment trust (REIT). The Company is a commercial property owner and manager in the province of Quebec. Its segments include Office, Retail, and Industrial and mixed-use. Its activities include a portfolio of three property types, including office properties, retail properties, and industrial and mixed-use properties located in Canadian provinces. It owns and manages a portfolio of approximately 570 properties, including over 140 office buildings, approximately 200 retail buildings and over 230 industrial and mixed-use buildings located in Quebec, Ontario, the Atlantic Provinces and Western Canada. Its portfolio of properties includes 4635 1re Avenue, 5055 Wilfrid-Hamel Ouest Blvd, 2014 Cyrille-Duquet St, 455 du Marais St, 979 de Bourgogne Ave, 400 Cooper St, 355 du Marais St, 3323 du Carrefour St, 1990 Cyrille-Duquet St, 2025 Lavoisier St and 280 Racine St.
Financial Overview
For the nine months ended 30 September 2019, Cominar REIT revenues decreased 5% to C$530.1M. Net income increased 2% to C$143.2M. Revenues reflect Office Properties segment decrease of 7% to C$225.8M, FFO per Share (Diluted) decrease of 10% to C$0.26. Net Income benefited from Net Operating Income (NOI) - Industrial increase of 3% to C$23.8M, Transaction costs decrease of 74% to C$5.2M (expense).
Employees: 646 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $6,297M as of Sep 30, 2019
Annual revenue (TTM): $706.18M as of Sep 30, 2019
EBITDA (TTM): $339.81M as of Sep 30, 2019
Net annual income (TTM): -$210.11M as of Sep 30, 2019
Free cash flow (TTM): $55.24M as of Sep 30, 2019
Net Debt Last Fiscal Year: $3,503M as of Sep 30, 2019
Shares outstanding: 182,111,365 as of Jan 15, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization