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Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

Based on the reviews from different experts, Crombie Real Estate Investment Trust (CRR.UN-T) is considered a safe place for investors, especially those worried about recession, due to its grocery anchored retail aspect. The stock is seen as an inverse function of interest rates and should appreciate if interest rates remain steady. Despite a recent decrease in bond yields affecting the stock, the overall outlook is positive with growing net operating income and a relatively low multiple.

Consensus
Positive
Valuation
Fair Value
BUY

Dividend very safe. Great job expanding portfolio from eastern Canada to western. Stable. Internal growth 2-3%. Very comfortable distribution coverage. Very defensive sector.

property mngmnt / investment
PAST TOP PICK
(A Top Pick Oct 20/22, Up 2%)

Safe place for investors with steady dividend. Good place for investors worried about recession. Grocery anchored retail is very safe. Inverse function of interest rates. Should appreciate if interest rates are steady. Will continue to hold. 

property mngmnt / investment
PAST TOP PICK
(A Top Pick Sep 14/22, Down 19%)

Bought for the defensive grocery anchor aspect, nice distribution. Bond yields were a wrecking ball. Net operating income up, occupancy just under 96%. Undemanding multiple of 11x growing at 5%. Nothing wrong with the stock, it should be fine.

property mngmnt / investment
TOP PICK
Grocery-anchored retail, defensive. Benefits from inflation. Occupancy up last quarter, higher leasing spreads. 14.7x, 10% growth. Price to growth is super-compelling, super-nice dividend. Reasonable balance sheet. Yield is 6.17%. (Analysts’ price target is $18.00)
property mngmnt / investment
BUY
Nice growth rate of 10%, similar valuation to SRU.UN, super compelling.
property mngmnt / investment
TOP PICK
Grocery-anchored retail is defensive right now. Operating income up nicely last quarter. Leasing spreads are doing well, 6.5% higher. Occupancy up. Balance sheet better than average. 16% discount to NAV, reasonable 14.5x price to AFFO 2023. Growing 10%. You'll win quietly. Yield is 5.68%. (Analysts’ price target is $18.06)
property mngmnt / investment
BUY
The Safeway transaction was very good for Crombite and they're starting to see the benefits. The $200 Bought Deal at $17.45 was a good transaction above NAV. Very good at capital management.
property mngmnt / investment
BUY
CRR.UN sets up beautifully from a growth to valuation perspective.
property mngmnt / investment
BUY
Killam vs. Crombie REITs Killam holds apartments, an asset class he really likes among REITs. Rent-collection rates are really high for Killam, so no worries about that. All these REITs trade at a 10-15% discount to NAV. Funding costs will drop 1%, because they get funding from CMHC. A hiccup comes from mobile homes which had weakness in the last quarter. Other businesses are fine. CROMBIE: He owns Crombie's debt, not the REIT. This is anchroed by Canadian Safeway and Sobey stores. Highly defensive. Sobeys had an integration problem out west. He likes this as a conservative REIT, but it won't do much. Likes both.
property mngmnt / investment
COMMENT
Grocery anchored retail. The sector is OK, but concerned about the retail in the portfolio. She's not overly excited by it. Better secular growth trends like data centres, industrials, and towers.
property mngmnt / investment
DON'T BUY

It holds mostly retail that contains Sobeys and is 40% in the east coast. Empire owns 40% of this. Last week's Q2 results were below expectations due to high debt. Rent collection was 93% in July, which is positive. New buildings will be mixed-use, which is positive but COVID has delayed and made the costs higher. They have a good pipeline and Empire's backing are pluses, but she sees better opportunities in other sectors. She likes this REIT, though, and sees it as a steady eddy.

property mngmnt / investment
HOLD
A grocery centered REIT. It is a very safe hold. The rent collections have been quite high through the pandemic. It has sold off quite a bit. It is a safe hold. The distribution is safe. He questions the growth in the future, however.
property mngmnt / investment
HOLD
Competing against Costco & Walmart? Associated with Sobey's. The competition has been there for a while. Sobey's has been developing good partnerships including into delivery. The pressure that has come to retail outlets is coming to groceries as well. You will see stores to optimize space. Sobey's is already looking into this, he feels. Crombie owns the right real estate in the right markets and they have a good redevelopment plan. He would continue to hold.
property mngmnt / investment
BUY ON WEAKNESS
A good management team. They are the largest landlord to Sobeys, the largest grocery store in Canada. This is a landlord that is positioned to understand what e-commerce is going to do to physical real estate. They are trading at a discount and he would be picking away here.
property mngmnt / investment
COMMENT
He likes REITs overall. REITs picked up in Q4. This one is stable but it is not the cheapest. He prefers others. It has a good yield but you can get better. He is neutral.
property mngmnt / investment
Showing 1 to 15 of 132 entries

Crombie Real Estate Investment Trust(CRR.UN-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 3

Stockchase rating for Crombie Real Estate Investment Trust is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Crombie Real Estate Investment Trust(CRR.UN-T) Frequently Asked Questions

What is Crombie Real Estate Investment Trust stock symbol?

Crombie Real Estate Investment Trust is a Canadian stock, trading under the symbol CRR.UN-T on the Toronto Stock Exchange (CRR.UN-CT). It is usually referred to as TSX:CRR.UN or CRR.UN-T

Is Crombie Real Estate Investment Trust a buy or a sell?

In the last year, 3 stock analysts published opinions about CRR.UN-T. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Crombie Real Estate Investment Trust.

Is Crombie Real Estate Investment Trust a good investment or a top pick?

Crombie Real Estate Investment Trust was recommended as a Top Pick by on . Read the latest stock experts ratings for Crombie Real Estate Investment Trust.

Why is Crombie Real Estate Investment Trust stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Crombie Real Estate Investment Trust worth watching?

3 stock analysts on Stockchase covered Crombie Real Estate Investment Trust In the last year. It is a trending stock that is worth watching.

What is Crombie Real Estate Investment Trust stock price?

On 2024-03-27, Crombie Real Estate Investment Trust (CRR.UN-T) stock closed at a price of $13.99.