Crombie REIT Reports Robust Year-End 2024 Results, Boosts Financial Flexibility

Crombie Real Estate ate ( ($TSE:CRR.UN) ) has shared an announcement.

Crombie Real Estate Investment Trust reported strong financial performance for the fourth quarter and year-end 2024, with significant growth in occupancy levels, same-asset property cash NOI, and AFFO per unit. The company strategically acquired assets, including the remaining 50% of Zephyr residential in Vancouver, and completed significant financial transactions such as issuing $300 million in senior unsecured notes. These actions enhance Crombie’s financial flexibility and position it for sustained growth, benefiting stakeholders and reinforcing its market standing.

More about Crombie Real Estate ate

Crombie Real Estate Investment Trust (Crombie) is a Canadian company focused on managing a necessity-based portfolio within the real estate industry. It is listed on the Toronto Stock Exchange under the symbol CRR.UN and aims at providing long-term value and consistent cash flow growth for its unitholders.

YTD Price Performance: 7.53%

Average Trading Volume: 223,328

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: C$2.6B

For an in-depth examination of CRR.UN stock, go to TipRanks’ Stock Analysis page.