Its portfolio is comprised of over 350 retail properties, four industrial properties, one mixed-use commercial property, and one development property totaling approximately 29 million square feet of GLA. CT REIT is Canada’s premier net lease REIT and creates long-term value for unitholders by growing its portfolio of income producing properties and development projects, benefiting from its relationship with its most significant tenant and controlling unitholder, Canadian Tire Corporation (CTC).
CTC is a strong investment grade tenant, with annual rental growth built into long term leases. CT REIT benefits from CTC’s understandings of the continually evolving retail marketplace, helping to shape their strategy and guide their plans.
A very meaningful portion of growth is contractually built into CT REIT's structure through rent escalations and preferred access to additional properties required to support CTC's ongoing business requirements. This close association and alignment between them is a competitive differentiator that provides important insight into potential real estate acquisitions and development opportunities.
Additionally, located in each province and two territories, CT REIT’s properties are situated in highly desirable retail locations. Many are conveniently located near high traffic routes, highly visible from the street, easy to access, and have ample parking. The properties are geographically diverse with more than two-thirds of CT REIT’s rent coming from properties in large urban markets.