CT Real Estate Investment Trust (TSE:CRT.UN) Plans $0.08 Monthly Dividend

Key Points

• Dividend declared: CT Real Estate Investment Trust announced a monthly dividend of C$0.079 per share payable May 15 (record date May 15, ex-dividend April 30), representing an annualized yield of about 5.4%.
• Valuation and recent results: Shares trade around C$17.51 with a market cap of C$4.17B and a P/E of 9.8; the trust reported Q EPS of C$0.63 on C$152.9M revenue and analysts expect roughly C$1.17 EPS for the fiscal year.
• Business profile and balance-sheet risks: The portfolio is largely leased to Canadian Tire and anchored by its stores, while the trust shows high leverage (debt-to-equity ~75.45) and very low liquidity (quick ratio ~0.10, current ratio ~0.11).

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) declared a monthly dividend on Thursday, April 30th, TickerTech Dividends reports. Stockholders of record on Friday, May 15th will be given a dividend of 0.079 per share by the real estate investment trust on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Thursday, April 30th.

CT Real Estate Investment Trust Price Performance

TSE:CRT.UN opened at C$17.51 on Tuesday. The company has a 50-day moving average of C$17.04 and a 200-day moving average of C$16.60. The company has a market capitalization of C$4.17 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 0.76 and a beta of 0.98. CT Real Estate Investment Trust has a 52 week low of C$14.60 and a 52 week high of C$17.97. The company has a debt-to-equity ratio of 75.45, a quick ratio of 0.10 and a current ratio of 0.11.

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) last released its quarterly earnings data on Thursday, March 19th. The real estate investment trust reported C$0.63 EPS for the quarter. The company had revenue of C$152.92 million during the quarter. CT Real Estate Investment Trust had a net margin of 20.63% and a return on equity of 6.46%. As a group, equities research analysts anticipate that CT Real Estate Investment Trust will post 1.1696833 earnings per share for the current fiscal year.

CT Real Estate Investment Trust Company Profile

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.

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