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
<
Key People
Alban D'Amours
Independent Chairman of the Board of Trustees
Carl Pepin
Vice President - Finance and Accounting
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
Wally Commisso
Executive Vice President - Operations and Property Management
Jean Laramee
Executive Vice President - Development
Michael Racine
Executive Vice President - Leasing - Office and Industrial
   
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 fiscal year ended 31 December 2018, Cominar REIT revenues decreased 12% to C$734.7M. Net loss decreased 46% to C$212.3M. Revenues reflect Office Properties segment decrease of 14% to C$319M, FFO per Share (Diluted) decrease of 16% to C$1.16. Lower net loss reflects Change in fair value of investment prope decrease of 57% to C$267.1M (expense). Dividend per share decreased from C$1.36 to C$0.83.
Employees: 754 as of Dec 31, 2016
Reporting Currency: Canadian Dollars
Enterprise value: $5,791M as of Dec 31, 2018
Annual revenue (TTM): $734.65M as of Dec 31, 2018
EBITDA (TTM): $351.17M as of Dec 31, 2018
Net annual income (TTM): -$212.28M as of Dec 31, 2018
Free cash flow (TTM): $39.21M as of Dec 31, 2018
Net Debt Last Fiscal Year: $3,616M as of Dec 31, 2018
Shares outstanding: 181,989,964 as of Mar 12, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization