18:12:39 EDT Thu 09 May 2024
Enter Symbol
or Name
USA
CA



Crombie Real Estate Investment Trust
Symbol CRR
Shares Issued 106,612,870
Close 2023-11-21 C$ 12.94
Market Cap C$ 1,379,570,538
Recent Sedar Documents

Globe says Crombie REIT seen able to fend off headwinds

2023-11-21 08:09 ET - In the News

The Globe and Mail reports in its Tuesday, Nov. 21, edition that RBC Capital Markets analyst Pammi Bir has reaffirmed his "sector perform" recommendation for Crombie REIT. The Globe's David Leeder writes that Mr. Bir shaved his unit target back by $2 to $15. Analysts on average target the units at $15.11. Mr. Bir says in a note: "On the back of underlying Q3 results that were largely in line with our call, our stable view on Crombie REIT is intact. Operationally, the portfolio remains well-positioned to navigate economic headwinds, backstopped by its significant weighting in defensive grocery anchored assets. Indeed, we expect organic growth to remain at healthy levels over the N12M. Mixed-use initiatives also advanced, although frankly, we would prefer a larger margin for error at Marlstone." The Globe's guest columnist Sean Pugliese recommended buying Crombie REIT on Sept. 9, 2022. The units were then going for $13.91. The Globe reported on Aug. 16, 2023, that Mr. Bir had an unchanged "sector perform" call for Crombie REIT. The units could then be had for $13.05. The Globe reported on Oct. 5, 2023, that Desjardins Securities analyst Lorne Kalmar rated Crombie REIT "buy." The units were then worth $12.38.

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