Crombie Real Estate Investment Trust

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Crombie Real Estate Investment Trust (REIT) is a Canada-based real estate investment trust that focuses on owning and operating a portfolio of high-quality grocery-anchored shopping centers, freestanding stores and mixed-use developments. The company's primary objective is to provide unitholders with stable and growing cash distributions through the ownership and management of a diversified portfolio of income-producing properties.
Crombie REIT's portfolio is primarily located in Canada, with a focus on the eastern and western regions of the country. The company owns over 290 commercial properties, including retail and office buildings, with a total gross leasable area of over 20 million square feet.
The company's major tenants include some of the largest and most well-known retailers in Canada, such as Sobeys, Safeway, Dollarama, and Shoppers Drug Mart. Since many of these tenants operate in the essential retail sector, Crombie REIT's portfolio has proven to be resilient and has maintained stable occupancy levels even during economic downturns.
Crombie REIT is governed by a Board of Trustees and managed by a team of experienced real estate professionals. The company aims to create long-term value for its unitholders by actively managing its assets, maintaining a strong financial position, and pursuing growth opportunities in its target markets.
In addition to its core business of property ownership and management, Crombie REIT also has a strong commitment to sustainability and social responsibility. The company has implemented numerous environmental initiatives and supports various community organizations and charities through its charitable giving program.
Overall, Crombie REIT is a well-established and successful real estate investment trust that offers investors an opportunity to benefit from the stability and potential for growth in the Canadian commercial real estate market.

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See Company Q&A