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Home CompaniesCT Real Estate Investment Trust

CT Real Estate Investment Trust

Real Estate REIT - Retail
PortfolioPortfolio WatchlistWatchlist
Company price
18.0 CAD 0.39 ( 2.21%)
Last update at 2026-11-04T20:30:00Z
VOLUME
210030
Market Cap
3418.02M
P/E
14.82

Momentum Score

…

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 over 370 properties totalling more than 30 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited, is CT Real Estate Investment Trust's most significant tenant.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
17.64
Low
18.01
High
52 Week Price Range
12.44
Low
16.03
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

CT Real Estate Investment Trust owns and manages a portfolio of Canadian retail and commercial properties across multiple provinces, focusing on long-term net-leased locations. Long-term growth drivers include rental escalations, site redevelopment and densification, and targeted acquisitions that could expand stable cash flow. Investors may find the trust attractive for its predictable lease structures and property footprint anchored in everyday retail demand.

Principal risks include high tenant concentration to a single corporate sponsor and affiliated banners, exposure to retail-sector disruption and economic cycles, and sensitivity to interest rates and leverage.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
17.61
Dividend Yield
6.14%
Revenue TTM
547.98M
Revenue Per Share
2.33
Gross Profit TTM
421.66M
Debt / Equity
0.85
ROE
6.94%
Net Debt
1436.35M
ROCE
5.78%
Diluted EPS TTM
0.98

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 324.61M 456.86M 183.31M 307.19M 300.91M
Minority interest - - 1894.02M 1869.17M 1778.55M
Net income 324.61M 351.14M 95.95M 307.19M 300.91M
Selling general administrative 14.48M 14.59M 13.02M 14.29M 12.19M
Gross profit 421.66M 407.25M 391.58M 382.93M 363.85M
Ebit 379.34M 562.58M 378.56M 368.64M 351.66M
Ebitda 407.44M 392.67M 378.71M 369.02M 405.51M
Depreciation and amortization 28.10M -169.91M - - -
Operating income 379.34M 562.58M 378.71M 369.02M 351.66M
Other operating expenses 125.61M 121.88M 123.79M 120.37M 120.83M
Interest expense 110.67M 105.72M 108.04M 109.14M 104.61M
Interest income 0.26M 0.01M 0.14M 0.38M 0.23M
Net interest income -110.42M -105.71M -107.90M -108.75M -104.38M
Income tax expense -28.10M 105.72M 87.36M -47.31M 0.00M
Total revenue 532.79M 514.54M 502.35M 489.01M 472.48M
Total operating expenses 14.48M 14.59M 13.02M 14.29M 12.19M
Cost of revenue 111.13M 107.29M 110.77M 106.09M 108.64M
Total other income expense net -54.73M -105.72M -195.40M -61.83M 53.63M
Net income from continuing ops 324.61M 456.86M 183.31M 307.19M 300.91M
Net income applicable to common shares 148.26M 208.17M 83.69M 136.67M 128.03M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 6844.79M 6500.10M 6176.14M 6024.51M 5708.69M
Other current assets 3.58M 3.00M 3.61M 3.24M 2.56M
Total liab 3017.62M 2821.95M 2800.27M 2690.41M 2623.78M
Total stockholder equity 1698.25M 1622.37M 1481.85M 1464.94M 1306.36M
Other current liab 121.96M 62.82M 75.77M 302.43M 46.95M
Common stock 1112.41M 1093.26M 1073.73M 1057.50M 960.69M
Capital stock 1112.41M 1093.26M 1073.73M 1057.50M 960.69M
Retained earnings 585.84M 529.11M 408.12M 407.44M 345.67M
Other liab 5.15M 5.50M 5.28M 4.97M 3.35M
Other assets 1.86M 1.66M 1.49M 1.67M 2.80M
Cash 2.61M 3.56M 4.53M 9.73M 4.99M
Total current liabilities 278.66M 303.36M 290.54M 343.01M 99.04M
Net debt 1436.35M 1298.53M 1263.14M 1173.27M 1116.95M
Short term debt 156.70M 240.53M 214.77M 40.58M 52.09M
Short long term debt 156.05M 239.47M 213.71M 39.70M 52.09M
Short long term debt total 1438.96M 1302.09M 1267.67M 1183.00M 1121.94M
Property plant equipment 6833.00M 6489.00M 6141.00M 6006.98M 5696.19M
Total current assets 9.93M 9.44M 33.66M 15.86M 9.70M
Net tangible assets 1698.25M 1622.37M 1481.85M 1464.94M 1306.36M
Net receivables 3.73M 2.88M 4.91M 2.88M 2.15M
Long term debt 1180.03M 986.84M 987.08M 1081.05M 1069.84M
Inventory - - 20.60M - -
Non currrent assets other 6834.86M 6490.66M 6142.49M 6008.66M 5698.99M
Non current assets total 6834.86M 6490.66M 6142.49M 6008.66M 5698.99M
Capital lease obligations 102.87M 75.77M 66.88M 62.26M -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -219.62M -146.77M -162.68M -161.87M -169.15M
Change to liabilities 0.00M 0.00M 0.00M 0.00M 0.00M
Total cashflows from investing activities -219.62M -146.77M -162.68M -161.87M -169.15M
Net borrowings 109.94M 14.60M 59.81M -14.10M 26.80M
Total cash from financing activities -180.60M -261.41M -213.29M -195.72M -168.48M
Change to operating activities -5.10M 18.79M 4.27M 8.91M -1.41M
Net income 324.61M 456.86M 183.31M 307.19M 300.91M
Change in cash -0.94M -0.98M -5.20M 4.74M -5.91M
Begin period cash flow 3.56M 4.53M 9.73M 4.99M 10.90M
End period cash flow 2.61M 3.56M 4.53M 9.73M 4.99M
Total cash from operating activities 399.27M 407.20M 370.77M 362.33M 331.72M
Issuance of capital stock - - 0.00M 86.25M 62.35M
Other cashflows from investing activities -30.14M -35.86M -17.56M -22.45M -19.11M
Dividends paid 180.54M 171.60M 165.15M 157.92M 62.98M
Change to account receivables -0.85M 2.03M -2.03M -0.74M -0.18M
Sale purchase of stock -63.96M -63.96M -65.74M -68.22M -68.22M
Other cashflows from financing activities 224.55M 125.66M 18.99M -54.73M -92.71M
Change to netincome 256.96M 178.22M 284.83M 217.48M 205.22M
Capital expenditures 30.14M 35.86M 17.56M 22.45M 19.11M
Change in working capital -5.95M 20.82M 2.25M 8.18M -1.59M
Other non cash items 80.73M -70.37M 185.24M 47.32M 32.41M
Free cash flow 369.13M 371.34M 353.21M 339.88M 312.61M

Peer Comparison*

Sector: Real Estate Industry: REIT - Retail

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
CRT-UN
CT Real Estate Investment Trust		 0.39
2.21%		 18.00 14.82 10.80 6.24 2.00 8.99 13.02
CHP-UN
Choice Properties Real Estate Investment Trust		 0.29
1.97%		 15.24 15.24 13.72 7.35 0.95 8.73 9.26
REI-UN
RioCan Real Estate Investment Trust		 0.40
1.89%		 21.61 37.32 10.32 4.73 0.73 11.02 36.83
SRU-UN
SmartCentres Real Estate Investment Trust		 0.39
1.43%		 27.67 8.62 12.05 4.47 0.79 11.07 12.00
FCR-UN
First Capital Real Estate Investment Trust		 0.14
0.60%		 23.30 - 13.40 4.60 0.86 10.60 -47.84

Profile*

CT Real Estate Investment Trust

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 over 370 properties totalling more than 30 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited, is CT Real Estate Investment Trust's most significant tenant.

2180 Yonge Street, Toronto, ON, Canada, M4P 2V8

416-480-2029

https://www.ctreit.com

59

Name Title Year Born
Mr. Kevin Salsberg Pres & CEO NA
Ms. Lesley Patricia Gibson CA Sr. VP & CFO 1971
Mr. Kenneth Silver Strategic Advisor 1959
Mr. Kanistan Emmanuvel Associate VP of Asset Management & Investments NA
Ms. Marina Davies Associate VP of Investor Relations NA
Ms. Kimberley M. Graham Sr. VP, Gen. Counsel & Corp. Sec. NA
Jane Shaw Vice-Pres of Communications NA
Ms. Jodi M. Shpigel MCIP, RPP Sr. Vice-Pres of Real Estate 1976
Ms. Andrea Orzech Associate Vice-Pres of Investor Relations NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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