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

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

CT Real Estate Investment Trust Price Performance

Shares of TSE:CRT.UN opened at C$16.24 on Friday. The firm has a market cap of C$3.87 billion, a price-to-earnings ratio of 9.09, a P/E/G ratio of 0.76 and a beta of 1.08. CT Real Estate Investment Trust has a 1 year low of C$13.42 and a 1 year high of C$17.39. The company has a current ratio of 0.11, a quick ratio of 0.10 and a debt-to-equity ratio of 75.45. The business has a fifty day simple moving average of C$16.81 and a 200 day simple moving average of C$16.44.

Analyst Ratings Changes

Separately, Royal Bank Of Canada lifted their target price on CT Real Estate Investment Trust from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. Six investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$17.03.

About CT Real Estate Investment Trust

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.