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CT Real Estate Investment (TSE:CRT.UN)
TSX:CRT.UN
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.35Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 10, 2025
|% Change Since: 0.00%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance by CT REIT, with significant growth in key operational metrics and a robust development pipeline. However, there are concerns about rising expenses and anticipated higher financing costs due to debt refinancing at increased interest rates.Company Guidance
During CT REIT's Q4 2024 earnings call, the leadership team, including CEO Kevin Salsberg, highlighted several key metrics underscoring the REIT's financial performance and strategic investments. In Q4, CT REIT posted a 3.6% increase in net operating income (NOI), with same-store NOI rising by 1.5% and same-property NOI by 2%, while adjusted funds from operations (AFFO) per unit grew by 1.7%. For the full year, net operating income increased by 4.3%, same-store NOI by 1.6%, same-property NOI by 2.4%, and AFFO per unit by 3%. These metrics supported the REIT's 11th distribution increase since its IPO in 2013, resulting in a 42% total increase in distributions to unitholders. Despite a challenging investment climate, CT REIT secured nearly 500,000 square feet of new gross leasable area through its development and acquisition program with a total investment of over $156 million. The REIT maintained a robust balance sheet, with a 99.4% occupancy rate and a 7.7-year weighted average lease term, allowing it to pursue new opportunities while managing risks effectively. The REIT also repurchased over 875,000 units at an average cost of $13.50 per unit, demonstrating its commitment to enhancing unitholder value.Growth in Key Operating Metrics
CT REIT achieved a 3.6% increase in net operating income, 1.5% growth in same-store NOI, 2% growth in same-property NOI, and 1.7% growth in AFFO per unit for Q4 2024. For the full year, these metrics were up by 4.3%, 1.6%, 2.4%, and 3.0% respectively.
Successful Strategic Investments
CT REIT sourced and delivered nearly 500,000 square feet of new gross leaseable area in 2024, with a total investment of over $156 million.
Strong Development Pipeline
19 projects are in development, expected to add over 600,000 square feet in 2025, with a total committed investment of $328 million.
High Occupancy Rate
CT REIT maintained a 99.4% occupancy rate at the end of Q4, indicating a strong and stable portfolio.
Positive Leasing Activity
Extended over 400,000 square feet of non-Canadian Tire leases at a 10.3% spread over expiring rents.
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TSE:CRT.UN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:CRT.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 10, 2025 | C$14.74 | C$14.91 | +1.15% |
| Nov 05, 2024 | C$14.93 | C$14.88 | -0.33% |
| Aug 01, 2024 | C$13.87 | C$14.12 | +1.80% |
| May 06, 2024 | C$13.24 | C$12.89 | -2.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CT Real Estate Investment (TSE:CRT.UN) report earnings?
CT Real Estate Investment (TSE:CRT.UN) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is CT Real Estate Investment (TSE:CRT.UN) earnings time?
CT Real Estate Investment (TSE:CRT.UN) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CRT.UN EPS forecast?
Currently, no data Available
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