CRT-UN Stock Analysis: CT Real Estate Investment | TO

Retail Properties, Net Leasing, Single-Tenant Assets, Commercial Real Estate

Total Rating 43

Safety 40

Buy Signal -0.53

REIT - Retail
Industry Rotation: +7.8

Market Cap: 3.01B
Avg Turnover: 3.00M

Risk 3d forecast

Volatility16.0%

VaR 5^th Pctl2.80%

VaR vs Median5.86%

Reward TTM

Sharpe Ratio0.74

Rel. Str. IBD49.8

Rel. Str. Peer Group65.2 pctl

Character TTM

Beta0.035

Beta Downside-0.018

Hurst Exponent0.493

Choppyness66.9%

Drawdowns 3y

Max DD12.29%

CAGR/Max DD1.21

CAGR/Mean DD3.96

EPS (Earnings per Share)

Revenue

Rev. CAGR: 4.49%
Rev. Trend: 100.0%

Last SUE: -0.20
Qual. Beats: 0

Warnings

Fakeout

Tailwinds

No distinct edge detected

Seasonality 11.8 years of data

Jan -0.6% 29

Feb +0.4% 8

Mar +1.8% 18

Apr -0.5% 2

May +0.3% 8

Jun -0.8% 20

Jul +1.9% 59

Aug -0.5% 17

Sep -2.0% 9

Oct -1.5% 14

Nov +0.4% 23

Dec -0.1% 0

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: CRT-UN CT Real Estate Investment

CT Real Estate Investment Trust is a Canadian closed-end REIT that owns income-producing commercial properties, mainly single-tenant retail sites leased on a net basis. Its portfolio spans 380 properties and 32 million square feet, with Canadian Tire Corporation as its largest tenant. Retail REITs typically earn rental income from retail properties, while net leases generally require tenants to cover some property operating costs.

Headlines to Watch Out For

Canadian Tire tenant health drives rent collection and occupancy
Higher interest rates raise refinancing costs and pressure distribution growth
Contractual rent escalators and acquisitions support recurring income growth

Piotroski VR-10 (Strict) 3.5

Net Income: 254.4m TTM > 0 and > 6% of Revenue
FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.47 > 1.0
NWC/Revenue: -42.49% < 20% (prev -61.59%; Δ 19.10% < -1%)
CFO/TA 0.05 > 3% & CFO 404.1m > Net Income 254.4m
Net Debt (3.34b) to EBITDA (463.2m): 7.21 < 3
Current Ratio: 0.09 > 1.5 & < 3
Outstanding Shares: last quarter (191.3m) vs 12m ago -41.73% < -2%
Gross Margin: 78.02% > 18% (prev 78.13%; Δ -0.10% > 0.5%)
Asset Turnover: 8.04% > 50% (prev 7.95%; Δ 0.09% > 0%)
Interest Coverage Ratio: 3.42 > 6 (EBIT TTM 463.2m / Interest Expense TTM 135.6m)

Altman Z'' 1.19

A: -0.03 (Total Current Assets 27.3m - Total Current Liabilities 290.0m) / Total Assets 7.96b
B: 0.11 (Retained Earnings 892.3m / Total Assets 7.96b)
C: 0.06 (EBIT TTM 463.2m / Avg Total Assets 7.69b)
D: 0.60 (Book Value of Equity 2.05b / Total Liabilities 3.41b)
Altman-Z'' = 1.19 = BB

What is the price of CRT-UN shares?

As of November 01, 2026, the stock is trading at CAD 17.39 with a total of 247,947 shares traded. Over the past week, the price has changed by -0.56%, over one month by +2.83%, over three months by -4.80% and over the past year by +14.02%.

Current recommended Stop Loss: 17.00 (which is 2.2% or 1.4 ATR below the current price).

Is CRT-UN a buy, sell or hold?

CT Real Estate Investment has no consensus analysts rating.

CT Real Estate Investment (CRT-UN) - Fundamental Data Overview as of 26 October 2026

Market Cap USD = 3.01b (4.20b CAD * 0.7156 CAD.USD)
P/E Trailing = 9.199
P/E Forward = 12.5786
P/S = 6.7927
P/B = 1.9534
Revenue TTM = 618.3m CAD
EBIT TTM = 463.2m CAD
EBITDA TTM = 463.2m CAD
Long Term Debt = 1.36b CAD (from longTermDebt, last quarter)
Short Term Debt = 291.6m CAD (from shortTermDebt, last quarter)
Debt = 3.35b CAD (from shortLongTermDebtTotal, last quarter) + Leases 127.1m
Net Debt = 3.34b CAD (calculated: Debt 3.35b - CCE 11.9m)
Enterprise Value = 7.54b CAD (4.20b + Debt 3.35b - CCE 11.9m)
Interest Coverage Ratio = 3.42 (Ebit TTM 463.2m / Interest Expense TTM 135.6m)
EV/FCF = 18.84x (Enterprise Value 7.54b / FCF TTM 400.1m)
FCF Yield = 5.31% (FCF TTM 400.1m / Enterprise Value 7.54b)
FCF Margin = 64.71% (FCF TTM 400.1m / Revenue TTM 618.3m)
Net Margin = 41.14% (Net Income TTM 254.4m / Revenue TTM 618.3m)
Gross Margin = 78.02% ((Revenue TTM 618.3m - Cost of Revenue TTM 135.9m) / Revenue TTM)
Gross Margin QoQ = 78.22% (prev 77.54%)
Tobins Q-Ratio = 0.95 (Enterprise Value 7.54b / Total Assets 7.96b)
Interest Expense / Debt = 4.05% (Interest Expense 135.6m / Debt 3.35b)
Taxrate = 25.0% (non-US conservative default 25%)
NOPAT = 347.4m (EBIT 463.2m * (1 - 25.00%))
Current Ratio = 0.09 (Total Current Assets 27.3m / Total Current Liabilities 290.0m)
Debt / Equity = 1.64 (Debt 3.35b / totalStockholderEquity, last quarter 2.05b)
Debt / EBITDA = 7.21 (Net Debt 3.34b / EBITDA 463.2m)
Debt / FCF = 8.34 (Net Debt 3.34b / FCF TTM 400.1m)
Total Stockholder Equity = 1.99b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.31% (Net Income 254.4m / Total Assets 7.96b)
RoE = 12.79% (Net Income TTM 254.4m / Total Stockholder Equity 1.99b)
RoCE = 13.85% (EBIT 463.2m / Capital Employed (Equity 1.99b + L.T.Debt 1.36b))
RoIC = 4.37% (NOPAT 347.4m / Invested Capital 7.95b)
WACC = 4.56% (E(4.20b)/V(7.55b) * Re(5.77%) + D(3.35b)/V(7.55b) * Rd(4.05%) * (1-Tc(0.25)))
Discount Rate = 5.77% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -28.90 | Cagr: -4.52%
[DCF] Terminal Value 75.17% ; FCFF base≈403.3m ; Y1≈398.4m ; Y5≈408.5m
[DCF] Fair Price = 27.47 (EV 6.38b - Net Debt 3.34b = Equity 3.04b / Shares 110.5m; r=8.35% [WACC [floored]]; 5y FCF grow -1.94% → 2.50% )
Revenue Correlation: 99.96 | Revenue CAGR: 4.49% | SUE: -0.20 | # QB: 0
EPS current Year (2026-12-31): EPS=1.51 | Chg30d=+11.03% | Revisions=+25% | GrowthEPS=-15.4% | GrowthRev=+4.6%
EPS next Year (2027-12-31): EPS=1.33 | Chg30d=+1.53% | Revisions=+25% | GrowthEPS=-11.9% | GrowthRev=+3.4%