(CRR-UN) Crombie Real Estate - Ratings and Ratios

Crombie Real Estate Investment Trust is a leading Canadian REIT that focuses on creating value through its diverse portfolio of grocery-anchored retail, retail-related industrial, and mixed-use residential properties, aiming to positively impact the communities it serves. With a strong presence in the Canadian real estate market, Crombies extensive portfolio comprises 303 properties, covering approximately 18.8 million square feet, including joint ventures, and boasts a significant pipeline of future development projects.

From a market perspective, Crombies shares (CRR-UN) are listed on the Toronto Stock Exchange, categorizing it under the Diversified REITs sub-industry according to the GICS classification. As a common stock, it offers investors a stake in the companys operations and growth prospects. With a market capitalization of CAD 2718.84M, Crombie demonstrates a considerable presence in the Canadian equity market.

Analyzing the technical data, Crombies stock price is currently at CAD 14.93, with its short-term and long-term moving averages (SMA20, SMA50, and SMA200) indicating a gradual upward trend, suggesting a potential for continued growth. The Average True Range (ATR) of 0.29, equivalent to 1.92%, implies moderate volatility. Given the 52-week high and low of CAD 15.28 and CAD 11.55, respectively, the stock is currently trading near its 52-week high, indicating strong market sentiment.

Fundamentally, Crombies forward P/E ratio of 24.51 suggests that investors are willing to pay a premium for the companys expected earnings growth. The Return on Equity (RoE) of 8.52% indicates a decent level of profitability. By combining these fundamental insights with the technical analysis, a forecast can be made. Assuming the current trends persist and the company continues to execute its development pipeline effectively, Crombies stock price is likely to continue its upward trajectory, potentially reaching CAD 16.50 within the next 12-18 months, driven by a combination of its strong portfolio, growth prospects, and favorable market sentiment.

To achieve this forecasted growth, Crombie will need to continue to effectively manage its portfolio, drive occupancy rates, and execute its development projects. Investors should closely monitor the companys progress, as well as overall market conditions, to adjust their investment strategies accordingly.