CT REAL ESTATE INVESTMENT TR (CRT-UN.CA) Stock Fundamental Analysis
TSX:CRT-UN - Toronto Stock Exchange - CA1264621006 - REIT - Currency: CAD
Taking everything into account, CRT-UN scores 5 out of 10 in our fundamental rating. CRT-UN was compared to 37 industry peers in the Diversified REITs industry. While CRT-UN belongs to the best of the industry regarding profitability, there are concerns on its financial health. CRT-UN has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
CRT-UN had positive earnings in the past year.
CRT-UN had a positive operating cash flow in the past year.
In the past 5 years CRT-UN has always been profitable.
CRT-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CRT-UN's Return On Assets of 2.76% is amongst the best of the industry. CRT-UN outperforms 81.08% of its industry peers.
With an excellent Return On Equity value of 10.87%, CRT-UN belongs to the best of the industry, outperforming 94.59% of the companies in the same industry.
CRT-UN's Return On Invested Capital of 4.70% is amongst the best of the industry. CRT-UN outperforms 86.49% 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 5.69%.
The last Return On Invested Capital (4.70%) for CRT-UN is above the 3 year average (4.55%), which is a sign of increasing profitability.
| 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
Looking at the Profit Margin, with a value of 34.49%, CRT-UN belongs to the top of the industry, outperforming 83.78% 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.
Looking at the Gross Margin, with a value of 95.90%, CRT-UN belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
CRT-UN's Gross Margin has been stable in the last couple of years.
| 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
Compared to 1 year ago, CRT-UN has more shares outstanding
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
Based on the Altman-Z score of 0.51, we must say that CRT-UN is in the distress zone and has some risk of bankruptcy.
CRT-UN has a Altman-Z score (0.51) which is comparable to the rest of the industry.
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.
CRT-UN has a Debt/Equity ratio of 1.41. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.41, CRT-UN perfoms like the industry average, 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.
The Current ratio of CRT-UN (0.04) is worse than 97.30% of its industry peers.
A Quick Ratio of 0.04 indicates that CRT-UN may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.04, CRT-UN is doing worse than 97.30% of the companies in the same industry.
| 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.
The Earnings Per Share has been growing slightly by 6.73% on average over the past years.
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 Year4.16%
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
With a Price/Earnings ratio of 26.43, CRT-UN can be considered very expensive at the moment.
CRT-UN's Price/Earnings ratio is a bit cheaper when compared to the industry. CRT-UN is cheaper than 62.16% of the companies in the same industry.
When comparing the Price/Earnings ratio of CRT-UN to the average of the S&P500 Index (26.46), we can say CRT-UN is valued inline with the index average.
A Price/Forward Earnings ratio of 12.66 indicates a correct valuation of CRT-UN.
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.
The average S&P500 Price/Forward Earnings ratio is at 22.30. CRT-UN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.43 | ||
| Fwd PE | 12.66 |
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 91.89% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.95 | ||
| 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)3.93
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 7.94, 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 2.38.
| 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 40.27% 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 (6/3/2025, 7:00:00 PM)
15.86
-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 Owners16.98%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap1.73B
Analysts68.33
Price Target16.16 (1.89%)
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)-0.2%
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)0.88%
Revenue NY rev (3m)0.88%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.43 | ||
| Fwd PE | 12.66 | ||
| P/S | 2.96 | ||
| P/FCF | 3.95 | ||
| P/OCF | 3.95 | ||
| P/B | 0.93 | ||
| P/tB | 0.93 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.6
EY3.78%
EPS(NY)1.25
Fwd EY7.9%
FCF(TTM)4.01
FCFY25.31%
OCF(TTM)4.01
OCFY25.31%
SpS5.36
BVpS17
TBVpS17
PEG (NY)N/A
PEG (5Y)3.93
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 Year4.16%
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%