CT Real Estate Investment Trust (TSE:CRT.UN) Releases Earnings Results

CT Real Estate Investment Trust (TSE:CRT.UN) announced its quarterly earnings data on Thursday. The real estate investment trust reported C$0.63 earnings per share for the quarter, FiscalAI reports. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. The business had revenue of C$152.92 million for the quarter.

CT Real Estate Investment Trust Stock Performance

TSE:CRT.UN opened at C$16.54 on Friday. The firm’s fifty day simple moving average is C$16.83 and its 200 day simple moving average is C$16.44. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45. CT Real Estate Investment Trust has a twelve month low of C$13.42 and a twelve month high of C$17.39. The firm has a market capitalization of C$3.94 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 0.76 and a beta of 1.08.

Analyst Ratings Changes

Separately, Royal Bank Of Canada increased their price target on shares of CT Real Estate Investment Trust from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. Six equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average target price of C$17.03.

CT Real Estate Investment Trust Company Profile

CT Real Estate Investment Trust is an unincorporated real estate investment trust that invests in retail properties across Canada. The most significant portion of properties are located in Ontario, followed by Quebec and Western Canada. The trust generates the vast majority of revenue from leasing its properties to Canadian Tire Corporation, which operates the Canadian Tire retail stores. The trust’s portfolio primarily consists of properties anchored by a Canadian Tire retail store, in addition to retail properties not anchored by Canadian Tire, distribution centres, and mixed-use commercial property.