In a report released today, Mark Rothschild from Canaccord Genuity maintained a Hold rating on Crombie Real Estate ate, with a price target of C$15.50.
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Mark Rothschild has given his Hold rating due to a combination of factors influencing Crombie Real Estate’s performance. The company reported a 6.5% increase in funds from operations per unit for Q3/25, aligning with market expectations and slightly surpassing internal estimates. This growth was driven by improvements in same-property net operating income, particularly in the retail and industrial portfolios, although the office segment experienced a decline.
Despite these positive indicators, Rothschild’s Hold recommendation reflects a cautious outlook. Crombie’s financial forecast suggests modest growth in the coming years, with potential challenges from increased interest expenses due to refinancing. Additionally, while Crombie trades at a discount compared to its peers, the valuation adjustments and current market conditions warrant a conservative stance, justifying the Hold rating.
In another report released on October 31, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a C$16.00 price target.