Crombie REIT stock: stronger leasing, higher Q3 FFO per unit
Published on 11/09/2026 at 02:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSLeasing and portfolio expansion
- Renewal rents rose 13.9 percent above expiring rates, while committed occupancy reached 97.7 percent.
- Crombie agreed to acquire 13 Ontario retail properties for CAD 134 million, with closing scheduled for November 2026.
- Operating income attributable to unitholders declined 8.7 percent as impairment charges, higher interest costs and lower development management fees weighed on results.
Crombie Real Estate Investment Trust reported its third-quarter results on Wednesday, November 4, 2026, for the period ended September 30. According to the Crombie REIT results release, the portfolio continued to benefit from leasing activity and acquisitions.
Leasing supports operating performance
Property revenue rose 6.2 percent year over year to CAD 127.586 million. Commercial same-asset property cash net operating income increased 2.7 percent to CAD 86.513 million, while funds from operations increased 2.9 percent to CAD 63.891 million. FFO per unit gained 3.0 percent to CAD 0.34, while adjusted FFO per unit remained unchanged at CAD 0.30.
Crombie renewed 107,000 square feet at rents 13.9 percent above expiring rates. Committed occupancy reached 97.7 percent, compared with 97.5 percent a year earlier, although economic occupancy declined to 96.8 percent from 97.2 percent.
Profit pressure and new acquisition
Operating income attributable to unitholders fell 8.7 percent to CAD 28.260 million. Crombie attributed the decline primarily to impairment charges, higher interest expense following the issuance of senior unsecured notes and lower development management fees. Property revenue growth from acquisitions, new leasing and renewals partly offset those pressures.
After quarter-end, Crombie entered into a binding agreement to acquire 13 necessity-based retail properties in Ontario for CAD 134 million, excluding closing and transaction costs. The portfolio covers approximately 588,000 square feet, and the transaction is scheduled to close in November 2026.
Crombie's real estate portfolio
Crombie owns, operates and develops grocery-anchored retail, retail-related industrial and complementary mixed-use residential properties in Canada. As of September 30, 2026, the portfolio included 311 properties and approximately 19.4 million square feet, including joint ventures at Crombie's share. The company is headquartered in Nova Scotia and is listed on the Toronto Stock Exchange under CRR.UN.
Crombie REIT at a glance
- Company: Crombie Real Estate Investment Trust
- ISIN: CA2271071094
- Ticker: CRR.UN
- Exchange: Toronto Stock Exchange
- Portfolio: Grocery-anchored retail, retail-related industrial and mixed-use residential real estate
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