CT REAL ESTATE INVESTMENT TR (CRT-UN.CA) Stock Fundamental Analysis
TSX:CRT-UN - Toronto Stock Exchange - CA1264621006 - REIT - Currency: CAD
CRT-UN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 37 industry peers in the Diversified REITs industry. CRT-UN has an excellent profitability rating, but there are concerns on its financial health. CRT-UN has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year CRT-UN was profitable.
In the past year CRT-UN had a positive cash flow from operations.
CRT-UN had positive earnings in each of the past 5 years.
In the past 5 years CRT-UN always reported a positive cash flow from operatings.
1.2 Ratios
CRT-UN has a Return On Assets of 2.76%. This is amongst the best in the industry. CRT-UN outperforms 83.78% of its industry peers.
With an excellent Return On Equity value of 10.87%, CRT-UN belongs to the best of the industry, outperforming 97.30% of the companies in the same industry.
With an excellent Return On Invested Capital value of 4.70%, CRT-UN belongs to the best of the industry, outperforming 86.49% of the companies in the same industry.
CRT-UN had an Average Return On Invested Capital over the past 3 years of 4.55%. This is in line with the industry average of 5.79%.
The 3 year average ROIC (4.55%) for CRT-UN is below the current ROIC(4.70%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.76% | ||
| ROE | 10.87% | ||
| ROIC | 4.7% |
ROA(3y)2.14%
ROA(5y)2.2%
ROE(3y)8.61%
ROE(5y)8.86%
ROIC(3y)4.55%
ROIC(5y)4.55%
1.3 Margins
With an excellent Profit Margin value of 34.49%, CRT-UN belongs to the best of the industry, outperforming 86.49% of the companies in the same industry.
CRT-UN's Profit Margin has improved in the last couple of years.
CRT-UN has a Operating Margin of 75.57%. This is amongst the best in the industry. CRT-UN outperforms 94.59% of its industry peers.
In the last couple of years the Operating Margin of CRT-UN has remained more or less at the same level.
CRT-UN has a Gross Margin of 95.90%. This is amongst the best in the industry. CRT-UN outperforms 100.00% of its industry peers.
In the last couple of years the Gross Margin of CRT-UN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 75.57% | ||
| PM (TTM) | 34.49% | ||
| GM | 95.9% |
OM growth 3Y-0.36%
OM growth 5Y0.03%
PM growth 3Y-5.17%
PM growth 5Y4.3%
GM growth 3Y-0.19%
GM growth 5Y-0.08%
2. Health
2.1 Basic Checks
CRT-UN has more shares outstanding than it did 1 year ago.
CRT-UN has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, CRT-UN has an improved debt to assets ratio.
2.2 Solvency
CRT-UN has an Altman-Z score of 0.51. This is a bad value and indicates that CRT-UN is not financially healthy and even has some risk of bankruptcy.
CRT-UN's Altman-Z score of 0.51 is in line compared to the rest of the industry. CRT-UN outperforms 51.35% of its industry peers.
CRT-UN has a debt to FCF ratio of 7.02. This is a slightly negative value and a sign of low solvency as CRT-UN would need 7.02 years to pay back of all of its debts.
CRT-UN has a Debt to FCF ratio of 7.02. This is amongst the best in the industry. CRT-UN outperforms 100.00% of its industry peers.
A Debt/Equity ratio of 1.41 is on the high side and indicates that CRT-UN has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.41, CRT-UN is in line with its industry, outperforming 40.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.41 | ||
| Debt/FCF | 7.02 | ||
| Altman-Z | 0.51 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
CRT-UN has a Current Ratio of 0.04. This is a bad value and indicates that CRT-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
CRT-UN has a Current ratio of 0.04. This is amonst the worse of the industry: CRT-UN underperforms 97.30% of its industry peers.
CRT-UN has a Quick Ratio of 0.04. This is a bad value and indicates that CRT-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.04, CRT-UN is not doing good in the industry: 97.30% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.04 | ||
| Quick Ratio | 0.04 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 66.69% over the past year.
CRT-UN shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.73% yearly.
The Revenue has been growing slightly by 4.54% in the past year.
Measured over the past years, CRT-UN shows a small growth in Revenue. The Revenue has been growing by 3.43% on average per year.
EPS 1Y (TTM)66.69%
EPS 3Y-3.06%
EPS 5Y6.73%
EPS Q2Q%5.18%
Revenue 1Y (TTM)4.54%
Revenue growth 3Y3.99%
Revenue growth 5Y3.43%
Sales Q2Q%4.28%
3.2 Future
CRT-UN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.08% yearly.
The Revenue is expected to grow by 4.38% on average over the next years.
EPS Next Y-11.36%
EPS Next 2Y-3.08%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.24%
Revenue Next 2Y4.38%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 25.65 indicates a quite expensive valuation of CRT-UN.
64.86% of the companies in the same industry are more expensive than CRT-UN, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of CRT-UN to the average of the S&P500 Index (27.24), we can say CRT-UN is valued inline with the index average.
With a Price/Forward Earnings ratio of 12.29, CRT-UN is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CRT-UN indicates a somewhat cheap valuation: CRT-UN is cheaper than 67.57% of the companies listed in the same industry.
CRT-UN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.65 | ||
| Fwd PE | 12.29 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, CRT-UN is valued cheaply inside the industry as 91.89% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.85 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The excellent profitability rating of CRT-UN may justify a higher PE ratio.
CRT-UN's earnings are expected to decrease with -3.08% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)3.81
EPS Next 2Y-3.08%
EPS Next 3YN/A
5. Dividend
5.1 Amount
CRT-UN has a Yearly Dividend Yield of 5.52%, which is a nice return.
Compared to an average industry Dividend Yield of 7.90, CRT-UN is paying slightly less dividend.
CRT-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.52% |
5.2 History
The dividend of CRT-UN has a limited annual growth rate of 3.35%.
CRT-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
CRT-UN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.35%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
CRT-UN pays out 40.27% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP40.27%
EPS Next 2Y-3.08%
EPS Next 3YN/A
TSX:CRT-UN (8/1/2025, 7:00:00 PM)
15.39
-0.03 (-0.19%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners17.36%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap1.68B
Analysts68.33
Price Target16.26 (5.65%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.52% |
Yearly Dividend0.34
Dividend Growth(5Y)3.35%
DP40.27%
Div Incr Years11
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0.59%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)0.95%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.65 | ||
| Fwd PE | 12.29 | ||
| P/S | 2.88 | ||
| P/FCF | 3.85 | ||
| P/OCF | 3.85 | ||
| P/B | 0.91 | ||
| P/tB | 0.91 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.6
EY3.9%
EPS(NY)1.25
Fwd EY8.14%
FCF(TTM)4
FCFY26%
OCF(TTM)4
OCFY26%
SpS5.34
BVpS16.95
TBVpS16.95
PEG (NY)N/A
PEG (5Y)3.81
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.76% | ||
| ROE | 10.87% | ||
| ROCE | 6.59% | ||
| ROIC | 4.7% | ||
| ROICexc | 4.7% | ||
| ROICexgc | 4.7% | ||
| OM | 75.57% | ||
| PM (TTM) | 34.49% | ||
| GM | 95.9% | ||
| FCFM | 74.92% |
ROA(3y)2.14%
ROA(5y)2.2%
ROE(3y)8.61%
ROE(5y)8.86%
ROIC(3y)4.55%
ROIC(5y)4.55%
ROICexc(3y)4.56%
ROICexc(5y)4.55%
ROICexgc(3y)4.56%
ROICexgc(5y)4.55%
ROCE(3y)6.38%
ROCE(5y)6.38%
ROICexcg growth 3Y1.24%
ROICexcg growth 5Y0%
ROICexc growth 3Y1.24%
ROICexc growth 5Y0%
OM growth 3Y-0.36%
OM growth 5Y0.03%
PM growth 3Y-5.17%
PM growth 5Y4.3%
GM growth 3Y-0.19%
GM growth 5Y-0.08%
F-Score7
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.41 | ||
| Debt/FCF | 7.02 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 3.47 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 217.23% | ||
| Current Ratio | 0.04 | ||
| Quick Ratio | 0.04 | ||
| Altman-Z | 0.51 |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)297.13%
Profit Quality(5y)306%
High Growth Momentum
Growth
EPS 1Y (TTM)66.69%
EPS 3Y-3.06%
EPS 5Y6.73%
EPS Q2Q%5.18%
EPS Next Y-11.36%
EPS Next 2Y-3.08%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4.54%
Revenue growth 3Y3.99%
Revenue growth 5Y3.43%
Sales Q2Q%4.28%
Revenue Next Year4.24%
Revenue Next 2Y4.38%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y3.56%
EBIT growth 3Y3.62%
EBIT growth 5Y3.46%
EBIT Next Year4.99%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y8.26%
FCF growth 3Y2.31%
FCF growth 5Y3.77%
OCF growth 1Y8.26%
OCF growth 3Y2.31%
OCF growth 5Y3.77%