CT REAL ESTATE INVESTMENT TR (CRT-UN.CA) Stock Fundamental Analysis
Canada - TSX:CRT-UN - CA1264621006 - REIT
16.35 CAD
+0.04 (+0.25%)
We assign a fundamental rating of 5 out of 10 to CRT-UN. CRT-UN was compared to 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 correct valuation and a medium growth rate.
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 2.72%. This is amongst the best in the industry. CRT-UN outperforms 81.08% of its industry peers.
Looking at the Return On Equity, with a value of 10.71%, CRT-UN belongs to the top of the industry, outperforming 97.30% of the companies in the same industry.
With an excellent Return On Invested Capital value of 4.50%, 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 5.52%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.72% | ||
| ROE | 10.71% | ||
| ROIC | 4.5% |
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
The Profit Margin of CRT-UN (34.17%) is better than 83.78% of its industry peers.
In the last couple of years the Profit Margin of CRT-UN has grown nicely.
The Operating Margin of CRT-UN (75.04%) is better than 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 95.95%. This is amongst the best in the industry. CRT-UN outperforms 100.00% of its industry peers.
CRT-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 75.04% | ||
| PM (TTM) | 34.17% | ||
| GM | 95.95% |
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
Compared to 1 year ago, CRT-UN has more shares outstanding
The number of shares outstanding for CRT-UN has been increased compared to 5 years ago.
The debt/assets ratio for CRT-UN has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.55, we must say that CRT-UN is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.55, CRT-UN perfoms like the industry average, outperforming 51.35% of the companies in the same industry.
CRT-UN has a debt to FCF ratio of 6.98. This is a slightly negative value and a sign of low solvency as CRT-UN would need 6.98 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 6.98, CRT-UN belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
CRT-UN has a Debt/Equity ratio of 1.53. This is a high value indicating a heavy dependency on external financing.
CRT-UN has a Debt to Equity ratio of 1.53. This is in the lower half of the industry: CRT-UN underperforms 70.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.53 | ||
| Debt/FCF | 6.98 | ||
| Altman-Z | 0.55 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.12 indicates that CRT-UN may have some problems paying its short term obligations.
With a Current ratio value of 0.12, CRT-UN is not doing good in the industry: 62.16% of the companies in the same industry are doing better.
A Quick Ratio of 0.12 indicates that CRT-UN may have some problems paying its short term obligations.
The Quick ratio of CRT-UN (0.12) is worse than 62.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.12 | ||
| Quick Ratio | 0.12 |
3. Growth
3.1 Past
CRT-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 74.81%, which is quite impressive.
Measured over the past 5 years, CRT-UN shows a small growth in Earnings Per Share. The EPS has been growing by 6.73% on average per year.
Looking at the last year, CRT-UN shows a small growth in Revenue. The Revenue has grown by 4.26% in the last year.
The Revenue has been growing slightly by 3.43% on average over the past years.
EPS 1Y (TTM)74.81%
EPS 3Y-3.06%
EPS 5Y6.73%
EPS Q2Q%4.94%
Revenue 1Y (TTM)4.26%
Revenue growth 3Y3.99%
Revenue growth 5Y3.43%
Sales Q2Q%3.7%
3.2 Future
CRT-UN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by 0.00% yearly.
Based on estimates for the next years, CRT-UN will show a small growth in Revenue. The Revenue will grow by 4.57% on average per year.
EPS Next Y2.27%
EPS Next 2Y-1.53%
EPS Next 3Y0%
EPS Next 5YN/A
Revenue Next Year4.62%
Revenue Next 2Y4.49%
Revenue Next 3Y4.57%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 26.80, which means the current valuation is very expensive for CRT-UN.
64.86% of the companies in the same industry are more expensive than CRT-UN, based on the Price/Earnings ratio.
CRT-UN is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.86, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 12.65, the valuation of CRT-UN can be described as correct.
Based on the Price/Forward Earnings ratio, CRT-UN is valued a bit cheaper than the industry average as 67.57% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of CRT-UN to the average of the S&P500 Index (23.29), we can say CRT-UN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.8 | ||
| Fwd PE | 12.65 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CRT-UN indicates a rather cheap valuation: CRT-UN is cheaper than 94.59% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.05 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CRT-UN does not grow enough to justify the current Price/Earnings ratio.
CRT-UN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)11.79
PEG (5Y)3.99
EPS Next 2Y-1.53%
EPS Next 3Y0%
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 7.94, 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 2.41.
| 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 40.76% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of CRT-UN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP40.76%
EPS Next 2Y-1.53%
EPS Next 3Y0%
TSX:CRT-UN (10/2/2025, 7:00:00 PM)
16.35
+0.04 (+0.25%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners16.5%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap1.79B
Analysts68.33
Price Target16.9 (3.36%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.52% |
Yearly Dividend0.34
Dividend Growth(5Y)3.35%
DP40.76%
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)0.43%
PT rev (3m)3.93%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)15.38%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.8 | ||
| Fwd PE | 12.65 | ||
| P/S | 3.04 | ||
| P/FCF | 4.05 | ||
| P/OCF | 4.05 | ||
| P/B | 0.95 | ||
| P/tB | 0.95 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.61
EY3.73%
EPS(NY)1.29
Fwd EY7.91%
FCF(TTM)4.03
FCFY24.67%
OCF(TTM)4.03
OCFY24.67%
SpS5.39
BVpS17.18
TBVpS17.18
PEG (NY)11.79
PEG (5Y)3.99
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.72% | ||
| ROE | 10.71% | ||
| ROCE | 6.32% | ||
| ROIC | 4.5% | ||
| ROICexc | 4.51% | ||
| ROICexgc | 4.51% | ||
| OM | 75.04% | ||
| PM (TTM) | 34.17% | ||
| GM | 95.95% | ||
| FCFM | 74.88% |
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-Score6
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.53 | ||
| Debt/FCF | 6.98 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 3.46 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 219.14% | ||
| Current Ratio | 0.12 | ||
| Quick Ratio | 0.12 | ||
| Altman-Z | 0.55 |
F-Score6
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)74.81%
EPS 3Y-3.06%
EPS 5Y6.73%
EPS Q2Q%4.94%
EPS Next Y2.27%
EPS Next 2Y-1.53%
EPS Next 3Y0%
EPS Next 5YN/A
Revenue 1Y (TTM)4.26%
Revenue growth 3Y3.99%
Revenue growth 5Y3.43%
Sales Q2Q%3.7%
Revenue Next Year4.62%
Revenue Next 2Y4.49%
Revenue Next 3Y4.57%
Revenue Next 5YN/A
EBIT growth 1Y2.75%
EBIT growth 3Y3.62%
EBIT growth 5Y3.46%
EBIT Next Year5.01%
EBIT Next 3Y4.63%
EBIT Next 5YN/A
FCF growth 1Y6.05%
FCF growth 3Y2.31%
FCF growth 5Y3.77%
OCF growth 1Y6.05%
OCF growth 3Y2.31%
OCF growth 5Y3.77%