CT Real Estate Investment Trust·Real Estate

CT REIT continues to deliver robust financial performance, with strong AFFO growth and a well-covered, recently increased dividend. CRT.UN's payout ratio remains below 73%, supporting a sustainable and growing dividend, while excess AFFO retention funds future developments without new debt. Refinancing activities are proceeding smoothly, with a recent C$300 million unsecured debenture issued at a modest 120 bps spread over government bonds.

CT Real Estate Investment Trust TSE: CRT.UN reported higher first-quarter operating income and per-unit cash flow, while announcing a 3.5% increase to its monthly distribution beginning with the July 2026 payment.

CT Real Estate Investment Trust (CRT.UN:CA) Q1 2026 Earnings Call Transcript

CT Real Estate Investment Trust offers a 5.5% yield, supported by robust AFFO growth and a conservative payout ratio. Over 90% of CRT.UN's rent comes from Canadian Tire under triple net leases, aligning interests and providing stable cash flows. Retained AFFO fully funds a C$330 million development pipeline, supporting continued low single-digit AFFO and distribution growth through the decade.
CT Real Estate Investment Trust (TSX:CRT.UN) is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties primarily located in Canada. Its portfolio is comprised of over 350 properties totaling approximately 29 million square feet of GLA, consisting primarily of net leased single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited is CT REIT's most significant tenant.