Cominar Real Estate Investment Trust (T:CUF*CA)

Business Focus: Diversified REITs

Sector:  Financials Industry:  Diversified REITs
 
See Regulatory Filings on SEDAR
Company Contact
Address: 2820 Laurier Blvd Suite 850
QUEBEC QC G1V 0C1
Tel: N/A
Website: https://www.cominar.com
IR: See website
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Key People
Alban D'Amours
Independent Chairman of the Board of Trustees
Michael Racine
Executive Vice President - Leasing - Office and Industrial
Sylvain Cossette
President, Chief Executive Officer, Trustee
Heather Kirk
Chief Financial Officer, Executive Vice President
Alain Dallaire
Chief Operating Officer, Executive Vice President
Todd Bechard
Executive Vice President - Acquisitions
Marie-Andree Boutin
Executive Vice President - Strategy, Operations and Retail
Guy Charron
Executive Vice-President - Operations, Retail
Wally Commisso
Executive Vice President - Operations and Property Management
Jean Laramee
Executive Vice President - Development
   
Business Overview
Cominar REIT is a Canada-based real estate investment trust (REIT). The Company is a commercial property owner and manager in the province of Quebec. Its segments include Office, Retail, and Industrial and mixed-use. Its activities include a portfolio of three property types, including office properties, retail properties, and industrial and mixed-use properties located in Canadian provinces. It owns and manages a portfolio of approximately 570 properties, including over 140 office buildings, approximately 200 retail buildings and over 230 industrial and mixed-use buildings located in Quebec, Ontario, the Atlantic Provinces and Western Canada. Its portfolio of properties includes 4635 1re Avenue, 5055 Wilfrid-Hamel Ouest Blvd, 2014 Cyrille-Duquet St, 455 du Marais St, 979 de Bourgogne Ave, 400 Cooper St, 355 du Marais St, 3323 du Carrefour St, 1990 Cyrille-Duquet St, 2025 Lavoisier St and 280 Racine St.
Financial Overview
For the nine months ended 30 September 2018, Cominar REIT revenues decreased 11% to C$558.6M. Net income decreased 26% to C$141.1M. Revenues reflect Office Properties segment decrease of 13% to C$242.7M, FFO per Share (Diluted) decrease of 16% to C$0.29. Net income also reflects Net Operating Income (NOI) - Office decrease of 42% to C$79.3M, Amortization of fair value adjustments decrease of 67% to C$1.4M (income).
Employees: 754 as of Dec 31, 2016
Reporting Currency: Canadian Dollars
Enterprise value: $6,372M as of Sep 30, 2018
Annual revenue (TTM): $766.00M as of Sep 30, 2018
EBITDA (TTM): $366.54M as of Sep 30, 2018
Net annual income (TTM): -$440.19M as of Sep 30, 2018
Free cash flow (TTM): $19.84M as of Sep 30, 2018
Net Debt Last Fiscal Year: $3,589M as of Sep 30, 2018
Shares outstanding: 181,956,349 as of Jan 17, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization