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Owns grocery-anchored retail real estate across Canada, closely tied to Sobeys/Empire Company.
Owns grocery-anchored retail real estate across Canada, closely tied to Sobeys/Empire Company.
Collects rent under long leases, with a large share from the Sobeys grocery stores owned by Empire Company and the rest from other national chains, so cash flow is steady. Empire also holds a large stake in the trust. It adds apartments and mixed-use buildings on land around existing properties.
Moat: narrow (switching costs, scale). Long-standing relationship with Sobeys provides stable, contracted rental income from grocery anchors.
Headquarters: New Glasgow, Canada · Employees: 281
Size Crombie Real Estate Investment Trust (CRR-UN.TO) is a Canada Real Estate company (Real Estate Investment Trusts) with a market value of $2.22B, the 177th largest of 420 Canada companies the cockpit tracks. Shares closed at C$16.55 on 6 Nov 2026.
Performance Over six months the shares fell 2.8%, against -0.6% for the median peer and +5.2% for the Canada market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 4.0% over the last twelve months (peer median +4.8%); the operating margin is 41.7% (peer median 37.3%).
Valuation It trades at 1.70× book value against a peer median of 1.25× (3rd most expensive of 21).
Price implies The share price implies a return on equity of about 11.5%; Crombie Real Estate Investment Trust delivers -3.2%, so the price asks more than the business earns today.
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$509M | C$500M | C$476M | C$455M | C$428M |
| Revenue growth | — | +5% | +5% | +6% | — |
| Gross profit | C$207M | C$206M | C$196M | C$185M | C$179M |
| EBITDA | C$338M | C$332M | C$316M | C$292M | C$288M |
| Net income | -C$58.5M | -C$51.9M | -C$4.05M | -C$59.3M | C$12.3M |
| Free cash flow | C$156M | C$189M | C$188M | C$170M | C$158M |
| Capital expenditure | C$321,000 | C$373,000 | C$849,000 | C$204,000 | C$256,000 |
| Total debt | C$2.56B | C$2.39B | C$2.42B | C$2.19B | C$2.08B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Crombie Real Estate Investment Trust CRR-UN.TO | $2.22B | -3% | +4% | -3% | 1.70× | 11.5% |
| RioCan Real Estate Investment Trust REI-UN.TO | $4.41B | -3% | -13% | 7% | 0.86× | 7.7% |
| First Capital Real Estate Investment Trust FCR-UN.TO | $3.55B | 0% | +3% | 24% | 1.01× | 8.1% |
| Choice Properties Real Estate Investment Trust CHP-UN.TO | $7.95B | -1% | +4% | -2% | 2.66× | 14.7% |
| SmartCentres Real Estate Investment Trust SRU-UN.TO | $3.37B | -3% | -1% | 3% | 0.93× | 7.4% |
| Plaza Retail REIT PLZ-UN.TO | $419M | +19% | +3% | 11% | 1.01× | 7.7% |
| Slate Grocery REIT SGR-UN.TO | $763M | +8% | +2% | 6% | 1.12× | 9.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CRR-UN.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.9% | +6.5% | 10th lowest of 21 |
| 6-month return | -2.8% | -0.6% | 10th lowest of 21 |
| Return on equity | -3.2% | 4.7% | lowest of 21 |
| Price / book | 1.70× | 1.25× | 3rd most expensive of 21 |
| ROE the price implies | 11.5% | 8.9% | 5th most demanding of 21 |
| ROE delivered | -3.2% | 4.7% | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Crombie Real Estate Investment Trust CRR-UN.TO | Canada | $2.22B | -3% | +4% | -3% | 1.70× | 11.5% | -3.2% |
| Boardwalk Real Estate Investment Trust BEI-UN.TO | Canada | $2.21B | -5% | +3% | -1% | 0.66× | 6.0% | -1.0% |
| SmartStop Self Storage REIT SMA | United States | $2.31B | +20% | +21% | 2% | 1.86× | 9.3% | 2.4% |
| Sunstone Hotel Investors SHO | United States | $2.33B | +19% | +7% | 3% | 1.42× | 12.8% | 2.7% |
| Primaris Real Estate Investment Trust PMZ-UN.TO | Canada | $2.11B | +21% | +18% | 5% | 1.08× | 9.1% | 4.6% |
| Pebblebrook Hotel Trust PEB | United States | $2.36B | +43% | +3% | -3% | 1.01× | 12.2% | -2.8% |
| NETSTREIT NTST | United States | $2.37B | -9% | +27% | 1% | 1.18× | 10.0% | 1.3% |
| Japan Prime Realty Investment 8955.T | Japan | $2.37B | -7% | -13% | 7% | 1.31× | 5.2% | 6.8% |
| Industrial & Infrastructure Fund Investment 3249.T | Japan | $2.07B | -12% | +36% | 8% | 1.33× | 6.4% | 8.5% |
| Parkway Life Real Estate Investment Trust C2PU.SI | Singapore | $2.05B | 0% | +3% | 10% | 1.56× | 6.3% | 10.1% |
| Advance Residence Investment 3269.T | Japan | $2.42B | -18% | -4% | 7% | 1.54× | 5.8% | 7.3% |
| Aroundtown AT1.DE | Germany | $2.04B | -32% | +1% | 5% | 0.22× | 4.0% | 4.9% |
| InvenTrust Properties IVT | United States | $2.46B | +1% | +13% | 2% | 1.38× | 11.0% | 1.6% |
| BWP Trust BWP.AX | Australia | $2.01B | -2% | +2% | 13% | 0.86× | 7.4% | 13.2% |
| Mitsui Fudosan Logistics Park 3471.T | Japan | $2.00B | -13% | +156% | 5% | 0.99× | 5.0% | 4.6% |
| Big Yellow BYG.L | United Kingdom | $2.50B | +11% | +2% | 5% | 0.72× | 8.8% | 4.8% |
| Xenia Hotels & Resorts XHR | United States | $1.97B | +26% | +4% | 0% | 1.80× | 17.3% | 0.3% |
| LTC Properties LTC | United States | $2.52B | +14% | +69% | 39% | 1.50× | 9.9% | 38.7% |
| CapitaLand Ascott Trust HMN.SI | Singapore | $2.55B | -6% | +5% | 7% | 0.74× | 4.7% | 6.5% |
| Four Corners Property Trust FCPT | United States | $2.57B | -7% | +10% | 8% | 1.58× | 12.2% | 7.5% |
| RLJ Lodging Trust RLJ | United States | $1.92B | +40% | +1% | 1% | 1.07× | 11.2% | 1.3% |