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CT Real Estate Investment Trust

CT Real Estate Investment Trust

CRT-UN · TO · Real Estate / REIT - Retail

18.28CAD+0.11 (+0.61%)

Price History

Full chart

Market Stats

Previous Close18.17
Open18.22
Day Range18.21 – 18.52
52-Week Range14.88 – 18.69
Volume157.59K
Market Cap4.10B
P/E (TTM)8.94
Forward P/E12.72
EPS1.92
Dividend Yield5.72%
Beta0.83
50-Day Avg17.57
200-Day Avg17.36

About

CT Real Estate Investment Trust is an unincorporated, closed-end real estate investment trust formed to own income producing commercial properties located primarily in Canada. Its portfolio is comprised of 380 properties totaling 32 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited is CT REIT's most significant tenant. CT Real Estate Investment Trust was established on October 22, 2013 and incorporated in Ontario, Canada.

Company Details

  • SectorReal Estate
  • IndustryREIT - Retail
  • CEOMr. Kevin Salsberg
  • Employees67
  • Headquarters2180 Yonge Street, Toronto, ON, Canada, M4P 2V8, Canada
  • Websitehttps://www.ctreit.com

Leadership

  • Mr. Kevin SalsbergPresident, CEO & Director · b. 1981
  • Ms. Lesley Patricia Gibson CASenior VP & CFO · b. 1971
  • Ms. Jodi M. Shpigel MCIP, RPPSenior Vice-President of Real Estate · b. 1976
  • Mr. Victor IaccinoVice President of Operations
  • Mr. Kanistan EmmanuvelVP of Asset Management & Investments
  • Ms. Marina DaviesAssociate Vice President of Investor Relations
  • Ms. Kimberley M. GrahamSenior VP, General Counsel & Corporate Secretary
  • Jane ShawVice-President of Communications
  • Ms. Raeya JackiwAssociate Vice-President of Environmental, Social and Governance (ESG)

Financials

Income Statement

Currency: CAD2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue126.05M344.79M378.18M407.17M443.30M472.48M489.01M502.35M514.54M532.79M552.77M578.69M604.25M
Growth (%)-+173.53%+9.68%+7.66%+8.88%+6.58%+3.50%+2.73%+2.43%+3.55%+3.75%+4.69%+4.42%
Cost of Revenue27.55M76.68M86.86M96.39M98.29M108.64M106.09M110.77M107.29M111.13M115.52M125.69M132.56M
Gross Profit98.51M268.11M291.32M310.78M345.01M363.85M382.93M391.58M407.25M421.66M437.25M453.00M471.69M
Gross Margin78.15%77.76%77.03%76.33%77.83%77.01%78.31%77.95%79.15%79.14%79.10%78.28%78.06%
Operating Expense4.45M8.76M10.19M10.67M10.88M-41.66M13.90M12.87M14.58M42.32M15.24M16.12M18.46M
Operating Income94.06M259.36M281.13M300.11M334.13M405.51M369.02M378.71M392.67M379.34M422.01M436.88M453.23M
Operating Margin74.62%75.22%74.34%73.71%75.37%85.83%75.46%75.39%76.31%71.20%76.34%75.49%75.01%
EBITDA31.46M400.58M321.68M345.21M413.82M405.51M369.02M378.71M562.58M435.29M343.92M438.03M648.84M
EBITDA Margin24.96%116.18%85.06%84.78%93.35%85.83%75.46%75.39%109.34%81.70%62.22%75.69%107.38%
Net Income30.54M318.26M234.48M259.08M317.28M300.91M307.19M95.95M351.14M324.61M105.29M434.22M238.44M
Net Income Margin24.23%92.31%62.00%63.63%71.57%63.69%62.82%19.10%68.24%60.93%19.05%75.04%39.46%
R&D---0.640.720.640.630.360.890.610.42--
R&D as % of Total Revenue---0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense082.32M86.56M85.58M96.54M104.61M109.14M108.04M105.72M110.67M114.48M123.25M131.76M
Interest Expense % of Total Revenue0.00%23.87%22.89%21.02%21.78%22.14%22.32%21.51%20.55%20.77%20.71%21.30%21.81%

Balance Sheet

Currency: CAD2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets3.61B4.02B4.35B5.01B5.46B5.71B6.02B6.18B6.50B6.84B6.97B7.25B7.74B
Total Liabilities1.83B2.02B2.14B2.42B2.59B2.62B2.69B2.80B2.82B3.02B3.12B3.15B3.33B
Total Equity880.20M982.59M1.04B1.09B1.17B1.31B1.46B1.48B1.62B1.70B1.71B1.83B1.98B
Cash47.00M2.71M24.68M6.37M10.90M4.99M9.73M4.53M3.56M2.61M20.77M3.06M4.16M
Total Debt1.80B136.49M408.08M861.15M1.09B1.12B1.18B1.27B1.30B1.44B1.53B1.63B3.33B
Net Debt1.75B133.78M383.40M854.79M1.08B1.12B1.17B1.26B1.30B1.44B1.51B1.63B3.33B

Cash Flow

Currency: CAD2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow79.55M233.79M265.40M272.55M317.15M331.72M362.33M370.77M407.20M399.27M425.06M436.04M390.91M
Investing Cash Flow-500.87M-157.54M-102.83M-519.41M-279.16M-169.15M-161.87M-162.68M-146.77M-219.62M-186.53M-217.84M-211.52M
Financing Cash Flow515.32M-120.53M-140.37M228.17M-33.46M-168.48M-195.72M-213.29M-261.41M-180.60M-220.37M-235.91M-178.30M
Capital Expenditure014.96M10.42M17.97M16.50M19.11M22.45M17.56M35.86M30.14M31.74M36.43M29.09M
Free Cash Flow79.55M218.83M254.98M254.58M300.65M312.61M339.88M353.21M371.34M369.13M393.31M399.62M428.36M
Dividends Paid12.36M115.56M58.02M59.47M145.22M62.98M157.92M165.15M171.60M180.54M189.11M196.00M204.67M
FCF to OCF100.00%93.60%96.07%93.41%94.80%94.24%93.80%95.26%91.19%92.45%92.53%91.65%109.58%
Dividend Paid to FCF15.54%52.81%22.75%23.36%48.30%20.15%46.46%46.76%46.21%48.91%48.08%49.05%47.78%

Earnings

Report DateAug 5, 2014Nov 3, 2014Aug 2, 2016Nov 1, 2016May 9, 2022Nov 9, 2026
EPS Estimate0.240.240.260.26--
EPS Actual0.250.200.260.270.35-
Surprise4.17%-16.67%0.00%3.85%--
TimingAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap4.10B
Enterprise Value5.81B
Trailing P/E8.94
Forward P/E12.72
PEG Ratio0.00
Price / Sales6.63
Price / Book1.98
EPS1.92
Book Value8.57
Revenue (TTM)618.34M
Gross Profit (TTM)482.45M
Profit Margin41.14%
Operating Margin73.86%
Return on Equity12.56%
Return on Assets3.76%
Shares Outstanding110.54M
Shares Float76.29M
Beta0.83
Dividend Yield5.72%
Dividend Rate0.98
Payout Ratio49.59%

Dividends

202610×
0.08Oct 30, 20260.08Sep 29, 20260.08Aug 31, 20260.08Jul 31, 20260.08Jun 30, 20260.08May 29, 20260.08Apr 30, 20260.08Mar 31, 20260.08Feb 27, 20260.08Jan 30, 2026
202512×
0.08Dec 31, 20250.08Nov 28, 20250.08Oct 31, 20250.08Sep 29, 20250.08Aug 29, 20250.08Jul 31, 20250.08Jun 30, 20250.08May 30, 20250.08Apr 30, 20250.08Mar 31, 20250.08Feb 28, 20250.08Jan 31, 2025
20242×
0.08Dec 31, 20240.08Nov 29, 2024