Overview

* CT REIT Q3 net income rises yr/yr, driven by higher property revenue

* Property revenue for Q3 increased 4.5% yr/yr, reflecting portfolio growth

* Company announces $19 mln in new investments, adding 50,000 sq ft GLA

Outlook

* CT REIT plans $19 mln investment with expected yield of 6.45%

Result Drivers

* ACQUISITIONS AND INTENSIFICATIONS - Increased property revenue and NOI driven by acquisitions and intensifications completed in 2024 and 2025

* PREVIOUS INVESTMENTS COMPLETED - $72 mln invested in previously disclosed projects, adding 351,000 sq ft GLA

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 C$151.16

Property mln

Revenue

Q3 Net C$117.11

Income mln

Q3 C$75.36

Adjusted mln

FFO

Q3 FFO C$80.53

mln

Q3 C$119.86

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the commercial reits peer group is "buy."

* Wall Street's median 12-month price target for CT Real Estate Investment Trust is C$16.75, about 2.6% above its October 31 closing price of C$16.31

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)