Crombie Real Estate Investment Trust (TSE:CRR.UN) Issues Earnings Results

Crombie Real Estate Investment Trust (TSE:CRR.UN) released its quarterly earnings data on Tuesday. The company reported C$0.96 EPS for the quarter, FiscalAI reports. Crombie Real Estate Investment Trust had a net margin of 24.18% and a return on equity of 6.00%. The firm had revenue of C$124.67 million during the quarter.

Crombie Real Estate Investment Trust Price Performance

Shares of CRR.UN stock opened at C$15.83 on Wednesday. The firm has a market cap of C$2.95 billion, a price-to-earnings ratio of 957.36 and a beta of 0.80. Crombie Real Estate Investment Trust has a 12 month low of C$13.06 and a 12 month high of C$16.18. The company has a quick ratio of 0.11, a current ratio of 0.14 and a debt-to-equity ratio of 120.87. The stock has a 50-day moving average price of C$15.53 and a 200 day moving average price of C$15.22.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial lowered shares of Crombie Real Estate Investment Trust from a “strong-buy” rating to an “outperform” rating in a report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$17.25.

Crombie Real Estate Investment Trust Company Profile

Crombie Real Estate Investment Trust is a Canada-based open-end REIT that focuses on the retail industry. The company invests, operates, and develops a portfolio of grocery-store- and drugstore-anchored shopping centres, freestanding stores, offices, and mixed-use developments. The properties are located primarily in Canada’s urban and suburban markets. Crombie’s major tenants include retailers such as Sobeys, Shoppers Drug Mart, Cineplex, and Province of Nova Scotia. The company’s property portfolio includes Aberdeen Business Centre, Barrington Place, Brunswick Place, Kenmount Business Centre, Barrington Tower, CIBC Building, Amherst Centre, Avalon Mall, County Fair Mall, and others.