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Last C$43.74 CAD
Change Today +0.13 / 0.30%
Volume 80.5K
REF-U On Other Exchanges
As of 4:00 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

can real estate invest trust (REF-U) Snapshot

Previous Close
Day High
Day Low
52 Week High
11/3/14 - C$50.00
52 Week Low
05/12/15 - C$43.01
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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can real estate invest trust (REF-U) Details

Canadian Real Estate Investment Trust (CREIT) operates as a closed-end real estate investment trust in Canada. It owns and manages a real estate portfolio consisting of retail properties, such as food-store-anchored strip plazas and shopping centers; industrial properties, such as distribution facilities, warehouses, and buildings; and office properties. As of December 31, 2007, the trust owned approximately 149 properties. CREIT was founded in 1984 and is based in Toronto, Canada.

Founded in 1984

can real estate invest trust (REF-U) Top Compensated Officers

Chief Executive Officer and Trustee
Total Annual Compensation: C$705.0K
President and Chief Operating Officer
Total Annual Compensation: C$400.0K
Senior Vice President of Retail Properties
Total Annual Compensation: C$307.5K
Senior Vice President of Quebec
Total Annual Compensation: C$186.0K
Compensation as of Fiscal Year 2014.

can real estate invest trust (REF-U) Key Developments

CREIT Announces Executive Changes

CREIT announced executive changes. The company announced appointment of Réne Arsenault to Senior VP, Quebec, Mario Barrafato to Executive VP, CFO, Rael Diamond to President and COO, Trent Holfeld to Senior VP, Retail Properties, Ana Radic to Senior VP, Office Properties and Archna Sharma to Senior VP, Corporate Administration & Governance.

Canadian Real Estate Investment Trust Announces May 2015 Monthly Distribution, Payable on June 12, 2015

Canadian Real Estate Investment Trust announced its May 2015 monthly distribution in the amount of 14.58 cents per unit. The May distribution will be payable on June 12, 2015 to unit holders of record on May 29, 2015.

Canadian REIT to Increase its Annual Distribution for the Period Ended June 30, 2015, Payable on July 15, 2015; Reports Earnings Results for the First Quarter Ended March 31, 2015

Canadian REIT announced it will increase its annual distribution by $0.05 per Unit (3%) effective for the June 30, 2015 distribution payable on July 15, 2015. This will bring the distributions to $1.80 per Unit on an annualized basis from the current level of $1.75 per Unit. The company reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported funds from operations (FFO) of $54,728,000 or $0.75 per unit against $50,206,000 or $0.73 per unit for the same period a year ago. The increase in FFO for the three months ended March 31, 2015 as compared to 2014 is driven by same-asset property NOI growth from the retail portfolio, a full quarter of NOI contribution from $85 million of new developments completed in 2014, higher interest income from the mezzanine loan advances, and interest cost savings on refinancing of debt. Some of this growth was offset by a decline in NOI from the office portfolio. In addition, the industrial assets generated stable operating results. Net income excluding fair value gains (losses), property acquisition costs, foreign currency gains and income taxes was $53,881,000 against $49,036,000 for the same period a year ago. Net income was $55,975,000 or $0.77 per unit against $57,590,000 or $0.84 per unit for the same period a year ago.


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Valuation REF-U Industry Range
Price/Earnings 23.5x
Price/Sales 7.8x
Price/Book 1.0x
Price/Cash Flow 24.2x
TEV/Sales 3.1x

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