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
Sylvain Cossette
President, Chief Executive Officer, Trustee
Heather C. Kirk
Chief Financial Officer, Executive Vice President
Alain Dallaire
Chief Operating Officer, Executive Vice President
Marie-Andree Boutin
Executive Vice President - Retail Strategy and Operations
Wally Commisso
Executive Vice President - Operations and Property Management
Jean Laramee
Executive Vice President - Development
Michael Racine
Executive Vice President - Leasing - Office and Industrial
Carl Pepin
Vice President - Finance and Accounting
Manon Deslauriers
Vice President - Legal Affairs, Corporate Secretary
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 three months ended 31 March 2019, Cominar REIT revenues decreased 13% to C$181.9M. Net income increased 48% to C$44.3M. Revenues reflect Office Properties segment decrease of 17% to C$76.2M, FFO per Share (Diluted) decrease of 10% to C$0.26. Net income reflects Transaction costs decrease of 93% to C$1.3M (expense). Dividend per share decreased from C$0.29 to C$0.18.
Employees: 646 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $5,879M as of Mar 31, 2019
Annual revenue (TTM): $707.73M as of Mar 31, 2019
EBITDA (TTM): $335.94M as of Mar 31, 2019
Net annual income (TTM): -$197.95M as of Mar 31, 2019
Free cash flow (TTM): $56.05M as of Mar 31, 2019
Net Debt Last Fiscal Year: $3,583M as of Mar 31, 2019
Shares outstanding: 182,033,783 as of Jun 7, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization