CT REAL ESTATE INVESTMENT TR (CRT-UN.CA) Stock Fundamental Analysis
TSX:CRT-UN - CA1264621006 - REIT
16.31 CAD
-0.19 (-1.15%)
Overall CRT-UN gets a fundamental rating of 5 out of 10. We evaluated CRT-UN against 38 industry peers in the Diversified REITs industry. CRT-UN scores excellent on profitability, but there are concerns on its financial health. CRT-UN is not valued too expensively and it also shows a decent 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.
In the past 5 years CRT-UN has always been profitable.
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 81.58% of its industry peers.
CRT-UN has a Return On Equity of 10.71%. This is amongst the best in the industry. CRT-UN outperforms 97.37% of its industry peers.
CRT-UN's Return On Invested Capital of 4.50% is amongst the best of the industry. CRT-UN outperforms 86.84% of its industry peers.
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 5.49%.
| 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
CRT-UN has a Profit Margin of 34.17%. This is amongst the best in the industry. CRT-UN outperforms 84.21% of its industry peers.
In the last couple of years the Profit Margin of CRT-UN has grown nicely.
With an excellent Operating Margin value of 75.04%, CRT-UN belongs to the best of the industry, outperforming 94.74% of the companies in the same industry.
In the last couple of years the Operating Margin of CRT-UN has remained more or less at the same level.
CRT-UN's Gross Margin of 95.95% is amongst the best of 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 | 75.04% | ||
| 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
Compared to 5 years ago, CRT-UN has more shares outstanding
Compared to 1 year ago, CRT-UN has an improved debt to assets ratio.
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.
CRT-UN has a Altman-Z score (0.55) which is in line with its industry peers.
The Debt to FCF ratio of CRT-UN is 6.98, which is on the high side as it means it would take CRT-UN, 6.98 years of fcf income to pay off all of its debts.
CRT-UN's Debt to FCF ratio of 6.98 is amongst the best of the industry. CRT-UN outperforms 100.00% of its industry peers.
A Debt/Equity ratio of 1.53 is on the high side and indicates that CRT-UN has dependencies on debt financing.
CRT-UN has a Debt to Equity ratio of 1.53. This is in the lower half of the industry: CRT-UN underperforms 71.05% 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
CRT-UN has a Current Ratio of 0.12. 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 worse Current ratio (0.12) than 60.53% of its industry peers.
CRT-UN has a Quick Ratio of 0.12. 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.
Looking at the Quick ratio, with a value of 0.12, CRT-UN is doing worse than 60.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.12 | ||
| Quick Ratio | 0.12 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 74.81% over the past year.
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.
CRT-UN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.43% yearly.
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
The Earnings Per Share is expected to decrease by 0.00% on average over the next years.
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.
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
The Price/Earnings ratio is 26.74, which means the current valuation is very expensive for CRT-UN.
Based on the Price/Earnings ratio, CRT-UN is valued a bit cheaper than the industry average as 63.16% of the companies are valued more expensively.
CRT-UN's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.02.
The Price/Forward Earnings ratio is 12.62, which indicates a correct valuation of CRT-UN.
CRT-UN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CRT-UN is cheaper than 68.42% of the companies in the same industry.
CRT-UN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.66.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.74 | ||
| Fwd PE | 12.62 |
4.2 Price Multiples
94.74% of the companies in the same industry are more expensive than CRT-UN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.04 | ||
| 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.
The excellent profitability rating of CRT-UN may justify a higher PE ratio.
PEG (NY)11.76
PEG (5Y)3.98
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.
CRT-UN's Dividend Yield is slightly below the industry average, which is at 7.95.
Compared to an average S&P500 Dividend Yield of 2.45, CRT-UN pays a better dividend.
| 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 paid a dividend for at least 10 years, which is a reliable track record.
CRT-UN has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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.
CRT-UN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP40.76%
EPS Next 2Y-1.53%
EPS Next 3Y0%
TSX:CRT-UN (9/8/2025, 7:00:00 PM)
16.31
-0.19 (-1.15%)
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 Cap1.79B
Analysts68.33
Price Target16.82 (3.13%)
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)3.49%
PT rev (3m)4.1%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)15.38%
EPS NY rev (3m)15.38%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.36%
Revenue NY rev (3m)0.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.74 | ||
| Fwd PE | 12.62 | ||
| P/S | 3.03 | ||
| P/FCF | 4.04 | ||
| P/OCF | 4.04 | ||
| P/B | 0.95 | ||
| P/tB | 0.95 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.61
EY3.74%
EPS(NY)1.29
Fwd EY7.93%
FCF(TTM)4.03
FCFY24.73%
OCF(TTM)4.03
OCFY24.73%
SpS5.39
BVpS17.18
TBVpS17.18
PEG (NY)11.76
PEG (5Y)3.98
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 Year4.99%
EBIT Next 3Y4.74%
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%