CT REAL ESTATE INVESTMENT TR (CRT-UN.CA) Stock Fundamental Analysis
TSX:CRT-UN - Toronto Stock Exchange - CA1264621006 - REIT - Currency: CAD
We assign a fundamental rating of 5 out of 10 to CRT-UN. CRT-UN was compared to 38 industry peers in the Diversified REITs industry. CRT-UN scores excellent on profitability, 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.
CRT-UN had a positive operating cash flow in the past year.
CRT-UN had positive earnings in each of the past 5 years.
CRT-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CRT-UN has a Return On Assets of 2.75%. This is amongst the best in the industry. CRT-UN outperforms 81.58% of its industry peers.
CRT-UN has a better Return On Equity (10.93%) than 94.74% of its industry peers.
With an excellent Return On Invested Capital value of 4.67%, CRT-UN belongs to the best of the industry, outperforming 81.58% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CRT-UN is in line with the industry average of 5.03%.
The 3 year average ROIC (4.55%) for CRT-UN is below the current ROIC(4.67%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.75% | ||
| ROE | 10.93% | ||
| ROIC | 4.67% |
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 better Profit Margin (34.51%) than 84.21% of its industry peers.
In the last couple of years the Profit Margin of CRT-UN has grown nicely.
Looking at the Operating Margin, with a value of 75.49%, CRT-UN belongs to the top of the industry, outperforming 97.37% 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 has a Gross Margin of 95.93%. 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 | 75.49% | ||
| PM (TTM) | 34.51% | ||
| GM | 95.93% |
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.
CRT-UN has a better debt/assets ratio than last year.
2.2 Solvency
CRT-UN has an Altman-Z score of 0.49. 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 0.49 is in line compared to the rest of the industry. CRT-UN outperforms 44.74% of its industry peers.
The Debt to FCF ratio of CRT-UN is 7.06, which is on the high side as it means it would take CRT-UN, 7.06 years of fcf income to pay off all of its debts.
CRT-UN has a better Debt to FCF ratio (7.06) than 100.00% of its industry peers.
A Debt/Equity ratio of 1.44 is on the high side and indicates that CRT-UN has dependencies on debt financing.
CRT-UN's Debt to Equity ratio of 1.44 is on the low side compared to the rest of the industry. CRT-UN is outperformed by 73.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 7.06 | ||
| Altman-Z | 0.49 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
CRT-UN has a Current Ratio of 0.02. 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's Current ratio of 0.02 is on the low side compared to the rest of the industry. CRT-UN is outperformed by 97.37% of its industry peers.
A Quick Ratio of 0.02 indicates that CRT-UN may have some problems paying its short term obligations.
With a Quick ratio value of 0.02, CRT-UN is not doing good in the industry: 97.37% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.02 | ||
| Quick Ratio | 0.02 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 84.13% over the past year.
The Earnings Per Share has been growing slightly by 6.73% on average over the past years.
Looking at the last year, CRT-UN shows a small growth in Revenue. The Revenue has grown by 4.69% in the last year.
The Revenue has been growing slightly by 3.43% on average over the past years.
EPS 1Y (TTM)84.13%
EPS 3Y-3.06%
EPS 5Y6.73%
EPS Q2Q%264.15%
Revenue 1Y (TTM)4.69%
Revenue growth 3Y3.99%
Revenue growth 5Y3.43%
Sales Q2Q%3.91%
3.2 Future
Based on estimates for the next years, CRT-UN will show a decrease in Earnings Per Share. The EPS will decrease by -3.08% on average per year.
CRT-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.76% yearly.
EPS Next Y-11.36%
EPS Next 2Y-3.08%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.26%
Revenue Next 2Y3.76%
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 24.97 indicates a rather expensive valuation of CRT-UN.
63.16% of the companies in the same industry are more expensive than CRT-UN, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 28.18, CRT-UN is valued at the same level.
A Price/Forward Earnings ratio of 12.68 indicates a correct valuation of CRT-UN.
Based on the Price/Forward Earnings ratio, CRT-UN is valued a bit cheaper than the industry average as 73.68% of the companies are valued more expensively.
CRT-UN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.97 | ||
| Fwd PE | 12.68 |
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 92.11% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.75 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
CRT-UN has an outstanding profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as CRT-UN's earnings are expected to decrease with -3.08% in the coming years.
PEG (NY)N/A
PEG (5Y)3.71
EPS Next 2Y-3.08%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.52%, CRT-UN is a good candidate for dividend investing.
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 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
40.05% of the earnings are spent on dividend by CRT-UN. This is a bit on the high side, but may be sustainable.
DP40.05%
EPS Next 2Y-3.08%
EPS Next 3YN/A
TSX:CRT-UN (5/2/2025, 7:00:00 PM)
14.98
+0.1 (+0.67%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners16.98%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap1.64B
Analysts68.33
Price Target16.16 (7.88%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.52% |
Yearly Dividend0.34
Dividend Growth(5Y)3.35%
DP40.05%
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)-0.2%
PT rev (3m)-0.75%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-4.1%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.97 | ||
| Fwd PE | 12.68 | ||
| P/S | 2.83 | ||
| P/FCF | 3.75 | ||
| P/OCF | 3.75 | ||
| P/B | 0.89 | ||
| P/tB | 0.89 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.6
EY4.01%
EPS(NY)1.18
Fwd EY7.89%
FCF(TTM)3.99
FCFY26.67%
OCF(TTM)3.99
OCFY26.67%
SpS5.3
BVpS16.74
TBVpS16.74
PEG (NY)N/A
PEG (5Y)3.71
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.75% | ||
| ROE | 10.93% | ||
| ROCE | 6.59% | ||
| ROIC | 4.67% | ||
| ROICexc | 4.68% | ||
| ROICexgc | 4.68% | ||
| OM | 75.49% | ||
| PM (TTM) | 34.51% | ||
| GM | 95.93% | ||
| FCFM | 75.35% |
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 | 1.44 | ||
| Debt/FCF | 7.06 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 3.49 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 218.37% | ||
| Current Ratio | 0.02 | ||
| Quick Ratio | 0.02 | ||
| Altman-Z | 0.49 |
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)84.13%
EPS 3Y-3.06%
EPS 5Y6.73%
EPS Q2Q%264.15%
EPS Next Y-11.36%
EPS Next 2Y-3.08%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4.69%
Revenue growth 3Y3.99%
Revenue growth 5Y3.43%
Sales Q2Q%3.91%
Revenue Next Year3.26%
Revenue Next 2Y3.76%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y3.52%
EBIT growth 3Y3.62%
EBIT growth 5Y3.46%
EBIT Next Year4.65%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y2.59%
FCF growth 3Y2.31%
FCF growth 5Y3.77%
OCF growth 1Y2.59%
OCF growth 3Y2.31%
OCF growth 5Y3.77%