CT Real Estate Investment Trust
TSX:CRT.UN

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CT Real Estate Investment Trust
TSX:CRT.UN
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Price: 15.9 CAD 0.57% Market Closed
Market Cap: 1.7B CAD

CT Real Estate Investment Trust
Investor Relations

CT Real Estate Investment Trust (CT REIT) operates with an approach that harmonizes strategic property management with an aim for consistent, reliable growth. Born out of a spin-off from Canadian Tire Corporation, CT REIT has developed its own identity while retaining strong ties to its origin. The primary function of CT REIT is to own, develop, and lease retail properties across Canada. Leveraging the long-standing relationship with Canadian Tire, its anchor tenant, CT REIT benefits from a stable, predictable revenue stream secured through well-structured long-term leases. That's a core part of its strategy—anchoring its portfolio with the solid footing of retail locations that serve as essential hubs in communities.

What sets CT REIT apart is its blend of traditional retail real estate with a strategic diversification that includes mixed-use developments and retail-centric environments. The company continually seeks growth by expanding its portfolio through acquisitions and development projects, all while maintaining robust relationships with existing and prospective tenants. CT REIT focuses on geographical diversity within Canada, aiming to decrease risk while optimizing return. As these properties generate rental income, CT REIT distributes a substantial portion of these earnings as dividends to shareholders, adhering to the classic REIT model. Thus, CT REIT creates value not only through enhancing property assets but by ensuring investors see the tangible returns of its strategic ventures.

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CRT.UN
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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 4, 2025
AI Summary
Q3 2025

NOI Growth: Net operating income grew 5.5% in Q3, supported by acquisitions, developments, and rental escalations.

AFFO Per Unit: Adjusted funds from operations per unit increased 2.9% to $0.317, outpacing the rise in distributions.

High Occupancy: Portfolio occupancy remains robust at 99.4%, among the highest in the sector.

Active Investment Pipeline: Over $427 million committed to 20 development projects, with most new space already leased.

Conservative Balance Sheet: Indebtedness ratio improved to 39.8% with ample liquidity and financial flexibility for future growth.

Leasing Stability: Leasing spreads remain consistent, and there are no notable signs of credit stress among tenants.

Key Financials
Net Operating Income
$120.1M
Same-Store NOI
$117.3M
Same-Property NOI
$120.4M
AFFO Per Unit
$0.317
Diluted FFO Per Unit
$0.338
AFFO Payout Ratio
74.8%
Occupancy Rate
99.4%
Weighted Average Lease Term
7.3 years
G&A as % of Revenue
2.5%
Interest Coverage Ratio
3.37x
Indebtedness to EBIT Fair Value Ratio
6.61x
Indebtedness Ratio
39.8%
Cash on Hand
$5 million
Committed Credit Facility Availability
$298 million
Uncommitted Facility Availability
$186 million
Other Earnings Calls

Management

Mr. Kevin Salsberg
President, CEO & Director
No Bio Available
Ms. Lesley Patricia Gibson CA
Senior VP & CFO
No Bio Available
Ms. Jodi M. Shpigel MCIP, RPP
Senior Vice-President of Real Estate
No Bio Available
Mr. Victor Iaccino
Vice President of Operations
No Bio Available
Mr. Kanistan Emmanuvel
Associate Vice President of Asset Management & Investments
No Bio Available
Ms. Marina Davies
Associate Vice President of Investor Relations
No Bio Available
Ms. Kimberley M. Graham
Senior VP, General Counsel & Corporate Secretary
No Bio Available
Jane Shaw
Vice-President of Communications
No Bio Available
Ms. Andrea Orzech
Associate Vice-President of Investor Relations
No Bio Available

Contacts

Address
ONTARIO
TORONTO
2180 Yonge Street, PO Box 770 Stn K
Contacts
+14164802029.0
www.ctreit.com