CT Real Estate Investment Trust

Description

CT Real Estate Investment Trust is a close-ended real investment trust located in Montreal. Also owning retail properties, there are around 350 properties in the company’s portfolio that cover about 29 million square feet of gross leasable area (GLA).

The company grows and builds its portfolio of commercial properties and projects with the assistance of Canadian Tire Corporation (CTC), a controlling unitholder. A major chunk of CT Real Estate Investment Trust’s annualized base minimum rent comes from CTC.

Listed on the Toronto Stock Exchange (TSX) under the ticker of ‘CRT.UN’, CT Real Estate Investment Trust entered the public trading market in October 2013.

CT Real Estate Investment Trust has leased various operating retail locations back to CTC on a long-term basis. The company focuses on redevelopment projects wherein it is said to expand the gross leasable area without altering the buildings.

CT Real Estate Investment Trust has also inked a 50-50 Joint Venture with Oxford Properties Group, with a reportedly comprehensive understanding of CTC’s real estate.

The company is said to focus on possessing properties pertaining to retail, industrial usage, mixed-use commercial purposes and development. CT Real Estate Investment Trust is also said to be responsible for ensuring that that the properties are located in desirable retail locations.
A major share of CT Real Estate Investment Trust’s rent is generated from assets based in urban locations.
The company reportedly pays distributions to unitholders and is said to have a distribution redistribution plan (DRIP). CT Real Estate Investment Trust has a preference to participate in the development plans of units owned by Canadian Tire Corporation.
CT Real Estate Investment Trust updates all financial information related to stock price, earnings, taxation, unitholders and corporate governance on its official website.