# Crombie Real Estate Investment Trust (CRR-UN.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Real Estate / Equity Real Estate Investment Trusts (REITs). Price C$16.03, market value C$3.0 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Crombie Real Estate Investment Trust reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 5.9×**. Each dollar of revenue is priced at 5.9×.
- **Price / book: 1.6×**. The shares trade at 1.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 17.3×**. Enterprise value is 17.3× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 7.2%** (5-yr avg 10.6%). Free cash flow equals 7.2% of the market value, below its five-year average of 10.6%, so the shares are pricier on cash than usual. Above 5% is generally attractive.

## Profitability
- **Gross margin: 65.5%**. Crombie Real Estate Investment Trust keeps 65.5% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 42.4%**. 42.4% of revenue is left after running the business, an exceptional level.
- **Net margin: 23.3%**. 23.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 6.3%**. 6.3% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 4.0%**. Return on all capital, debt included, is 4.0%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 2.6%**. Each dollar of assets produces 2.6% of profit.

## Growth
- **Revenue growth (1 yr): 5.0%** (3-yr 6.0%/yr, 5-yr 5.2%/yr). Revenue grew 5.0% over the last year, against 5.2% a year compounded over five years.
- **EPS growth (1 yr): -1161.3%**. Earnings per share fell 1161.3%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 5.0%/yr**. Free cash flow has compounded at 5.0% a year over three years.

## Financial health
- **Debt to equity: 1.30**. Debt is 1.30 times equity, a leveraged balance sheet, which is normal for real estate.
- **Net debt / EBITDA: 7.7×**. It would take 7.7 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 2.2×**. Operating profit covers interest 2.2×, thin but manageable.
- **Current ratio: 0.12** (quick 0.12). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 1.49**. A Z-score of 1.49 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 5.68%** (C$0.90 per share, trailing). Crombie Real Estate Investment Trust yields 5.68%, an income-level yield.
- **Payout ratio: 108%** (60% of free cash flow). The dividend exceeds earnings (108% payout), though free cash flow still covers it.
- **Consecutive years of increases: 5**. 5 straight years of increases.
- **Dividend growth (5 yr): 0.1%/yr** (1-yr 0.6%). The dividend has grown 0.1% a year over five years.

## Price and momentum
- **Total return (1 yr): 12.0%** (YTD 7.9%, 3-mo -5.7%). The shares are up 12.0% over twelve months including dividends.
- **From 52-week high: -10.5%** (9.4% above the low). Trading 11% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 30**. An RSI of 30 is neutral.
- **Beta (1 yr): 0.23** (volatility 14%). Beta of 0.23 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CRR-UN.TO · Page: https://foliofundamentals.com/stocks/crr-un.to

Not investment advice.