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

Key Points

• CT REIT declared a monthly dividend of C$0.0818 per share, equivalent to C$0.98 annually and a 5.6% yield. The ex-dividend date is October 30, with investors of record on November 16 scheduled for payment that day.
• CRT.UN shares opened at C$17.45, compared with a 52-week range of C$15.66 to C$18.95; the trust has a market capitalization of approximately C$4.17 billion.
• For its latest quarter, CT REIT reported C$0.45 in EPS and C$156.71 million in revenue. Its portfolio includes 380 Canadian commercial properties totaling 32 million square feet, with Canadian Tire as its largest tenant.

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) announced a monthly dividend on Friday, October 30th. Investors of record on Monday, November 16th will be paid a dividend of $0.0818 per share by the real estate investment trust on Monday, November 16th. This represents a $0.98 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Friday, October 30th.

CT Real Estate Investment Trust Stock Performance

Shares of CRT.UN stock opened at C$17.45 on Wednesday. CT Real Estate Investment Trust has a 1 year low of C$15.66 and a 1 year high of C$18.95. The company has a debt-to-equity ratio of 75.45, a quick ratio of 0.10 and a current ratio of 0.11. The firm has a market cap of C$4.17 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 0.76 and a beta of 0.96. The stock's 50-day moving average is C$17.23 and its two-hundred day moving average is C$17.43.

CT Real Estate Investment Trust (TSE:CRT.UN - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The real estate investment trust reported C$0.45 earnings per share (EPS) for the quarter. CT Real Estate Investment Trust had a return on equity of 6.46% and a net margin of 20.63%. The firm had revenue of C$156.71 million for the quarter. Analysts predict that CT Real Estate Investment Trust will post 1.17 earnings per share for the current year.

About CT Real Estate Investment Trust

CT REIT is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of 380 properties totalling 32 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited is CT REIT's most significant tenant.

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