Crombie REIT assigned a DBRS Issuer Provisional Rating of BBB (low) with Stable trend

Crombie REIT assigned a DBRS Issuer Provisional Rating of BBB (low) with 
Stable trend 
Crombie REIT (TSX:CRR.UN) 
STELLARTON, NS, Oct. 7, 2013 /CNW/ - Crombie Real Estate Investment Trust 
(TSX: CRR.UN) ("Crombie") today announced that it has been assigned a DBRS 
Provisional Rating of BBB (low) with a Stable trend. 
This is the first time DBRS has rated Crombie. In its report, DBRS noted 
Crombie's steady earnings growth resulting from property acquisitions from 
Empire Company Limited ("Empire") and Sobeys Inc. ("Sobeys") including 
properties to be acquired from Sobeys as part of the pending Canada Safeway 
transaction, as well as third-party vendors; the quality and defensive nature 
of Crombie's grocery and drugstore anchored retail properties; improving 
geographic diversification in urban markets; and the long term leases with 
Sobeys, Crombie's major tenant. DBRS also noted Crombie's track record of 
consistent, conservative financial management. 
"Crombie is pleased to have achieved this institutional investment grade 
credit rating as it acknowledges the quality and growth of our national real 
estate portfolio and platform" said Donald Clow, FCA, Chief Executive Officer 
of Crombie. "Earning an investment grade credit rating from DBRS may provide 
Crombie with access to new sources of capital, additional liquidity and 
further financial flexibility which helps Crombie deliver on our long term 
strategy. The competitive advantage we derive from our strategic 
relationship with Empire and Sobeys has provided us with the opportunity to 
soon acquire 68 Canada Safeway locations which we expect will be instrumental 
in continuing our long-term strategy of building our national portfolio of 
grocery and drug store anchored retail properties with emphasis on Canada's 
Top 36 markets." 
To view the full DBRS news release, visit 
http://www.dbrs.com/research/261386/dbrs-assigns-a-provisional-rating-of-bbb-lo
w-to-crombie-reit-stable-trend.html. 
About Crombie 
Crombie is an unincorporated, open-ended real estate investment trust 
established under, and governed by, the laws of the Province of Ontario. 
Crombie currently owns a portfolio of 180 commercial properties across Canada, 
comprising approximately 14.6 million square feet with a strategy to own and 
operate a portfolio of primarily high quality grocery and drug store anchored 
shopping centers and freestanding stores focused primarily on Canada's top 36 
markets. 
This news release may contain forward-looking statements that reflect the 
current expectations of management of Crombie about Crombie's future results, 
performance, achievements, prospects and opportunities. Wherever possible, 
words such as "continue", "may", "will", "estimate", "anticipate", "believe", 
"expect", "intend" and similar expressions have been used to identify these 
forward-looking statements. These statements reflect current beliefs and are 
based on information currently available to management of Crombie, and 
include, without limitation, statements regarding: potential new sources of 
capital providing further opportunities to gain additional liquidity and 
financial flexibility, which may be impacted by debt market conditions from 
time to time; and completion of the acquisition of Safeway properties which 
may be impacted by regulatory approvals and other closing conditions. 
Readers are cautioned that such forward-looking statements are subject to 
certain risks and uncertainties that could cause actual results to differ 
materially from these statements. Crombie can give no assurance that actual 
results will be consistent with these forward-looking statements. A number of 
factors, including those discussed under "Risk Management" in Crombie's annual 
Management Discussion and Analysis for the year ended December 31, 2012, could 
cause actual results, performance, achievements, prospects or opportunities to 
differ materially from the results discussed or implied in the forward-looking 
statements. These factors should be considered carefully and a reader should 
not place undue reliance on the forward-looking statements. There can be no 
assurance that the expectations of management of Crombie will prove to be 
correct.
 

SOURCE  Crombie REIT 
Glenn Hynes, FCA Chief Financial Officer and Secretary Crombie REIT (902) 
755-8100 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/October2013/07/c7695.html 
CO: Crombie REIT
ST: Nova Scotia
NI: FIN  
-0- Oct/07/2013 13:24 GMT