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

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

CT Real Estate Investment Trust Stock Performance

Shares of CRT.UN traded down C$0.20 during trading hours on Thursday, hitting C$16.54. The stock had a trading volume of 290,578 shares, compared to its average volume of 193,789. CT Real Estate Investment Trust has a fifty-two week low of C$13.42 and a fifty-two week high of C$17.39. The company has a debt-to-equity ratio of 75.45, a quick ratio of 0.10 and a current ratio of 0.11. 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. The firm has a 50-day moving average price of C$16.83 and a 200 day moving average price of C$16.44.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada raised their price target on 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 research analysts have rated the stock with a Hold rating, According to data from MarketBeat, CT Real Estate Investment Trust currently has a consensus rating of “Hold” and a consensus target price of C$17.03.

Check Out Our Latest Report on CRT.UN

About CT Real Estate Investment Trust

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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.

See Also

Earnings History for CT Real Estate Investment Trust (TSE:CRT.UN)

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