Crombie REIT is one of Canada’s leading national real estate investment trusts having a presence across commercial, retail, and residential segments.
Its portfolio with an enterprise value of $4.8 billion, comprises of 284 properties spanning across 17.7 million sq. feet of GLA and sports an occupancy rate of 95.9%. Crombie focuses on owning and developing a portfolio of everyday-needs-anchored stores and mixed-use developments in Canada's top urban and suburban markets.
It is also disposing of its lower growth or non-core assets and focusing more on growing its exposure to higher growth central and western regions. Sobeys, Shoppers Drug Mart, Dollarama, CIBC, Bank of Nova Scotia, etc. are a few of Crombie REIT’s top tenants.