Annual General Meeting
Thursday May 7, 2026 10:00 AM ETQ1 2026 Conference Call
Thursday May 7, 2026 12:00 PM ET
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Crombie REIT Announces Redemption of $200 Million Series F Unsecured Notes
New Glasgow, Nova Scotia--(Newsfile Corp. - June 23, 2026) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie"), announced today that pursuant to the trust…
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Crombie REIT Announces Offering of $300 Million Series N Unsecured Notes
New Glasgow, Nova Scotia--(Newsfile Corp. - June 22, 2026) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie" or the "REIT"), announced today that it entered into…
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Crombie REIT Schedules Second Quarter 2026 Conference Call
New Glasgow, Nova Scotia-(Newsfile Corp. - June 16, 2026) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") will hold a conference call on Thursday, August 6, 2026, beginning at 10:00 a.m. (EST). Senior management will discuss Crombie's financial and operational results for the second quarter ended June 30, 2026. The financial and operational results will be released on Wednesday, August 5, 2026, after market close. Teleconference: Dial-in numbers to join the conference call are: <br />USA/Canada Toll-Free: +1-833-752-5566 <br />International: +1-647-258-0575 To join the conference call without operator assistance, you may register and enter your details at this link to receive an instant automated callback. Replay will be available by dialing +1-855-669-9658 and entering password 4349732#, until midnight on August 13, 2026. Webcast: A live audio webcast of the conference call will be accessible on Crombie's website at www.crombie.ca under Investors and through this
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Crombie REIT Announces June 2026 Monthly Distribution
New Glasgow, Nova Scotia-(Newsfile Corp. - June 15, 2026) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") today announced a distribution of $0.07583 per Unit for the period from June 1, 2026, to and including June 30, 2026. The distribution will be payable on July 15, 2026, to Unitholders of record as at June 30, 2026. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at March 31, 2026, our portfolio contained 310 properties comprising approximately 19.4 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at www.crombie.ca . Media
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Crombie Reit Announces May 2026 Monthly Distribution
New Glasgow, Nova Scotia-(Newsfile Corp. - May 15, 2026) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") today announced a distribution of $0.07583 per Unit for the period from May 1, 2026, to and including May 31, 2026. The distribution will be payable on June 15, 2026, to Unitholders of record as at May 31, 2026. As announced May 6, 2026, Crombie increased its annual distribution to $0.91000 per Unit ($0.07583 per month) from the previous rate of $0.90000 per Unit ($0.07500 per month), reflecting an increase of 1.11%. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at March 31, 2026, our portfolio contained 310
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Crombie REIT Announces Voting Results and Election of Trustees
New Glasgow, Nova Scotia-(Newsfile Corp. - May 8, 2026) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") is pleased to announce the election of each of the nominees proposed for election at the annual general meeting of unitholders held on May 7, 2026. The vote was conducted by show of hands without a ballot. In compliance with TSX rules, following are the detailed proxy tabulations for the appointment of Trustees, with over 99% of the votes at the meeting being represented by proxy. Trustee For Withheld Paul V. Beesley 132,102,367 (99.85%) 192,408 (0.15%) Jane Craighead 131,892,370 (99.70%) 401,605 (0.30%) Mark Holly 132,186,536 (99.92%) 108,240 (0.08%) Jason P. Shannon 132,176,822 (99.91%) 117,954 (0.09%) Deborah Starkman 132,174,777 (99.91%) 119,999 (0.09%) Michael Waters 132,098,177 (99.85%) 196,598 (0.15%) Karen Weaver 131,322,305 (99.26%) 972,471 (0.74%) Voting results on additional resolutions were as follows: Proxy
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Crombie REIT Announces First Quarter 2026 Results and Distribution Increase
Operational excellence and disciplined capital allocation deliver solid commercial same-asset cash NOI and FFO growth New Glasgow, Nova Scotia-(Newsfile Corp. - May 6, 2026) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") today announced results for its first quarter ended March 31, 2026. Management will host a conference call to discuss the results at 12:00 p.m. (EDT), May 7, 2026. "Crombie delivered a strong start to 2026, with first-quarter results that reflect the focused execution of our strategy and the quality of our portfolio," said Mark Holly, President and CEO. "In a dynamic macroeconomic environment, our necessity-based, grocery-anchored real estate continues to demonstrate its resilience, generating commercial same-asset property cash NOI growth of 3.7%, with committed occupancy remaining near historic highs. These results, supported by disciplined capital allocation and a solid balance sheet, underpin today's distribution increase and reflect our
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Crombie REIT Announces April 2026 Monthly Distribution
New Glasgow, Nova Scotia-(Newsfile Corp. - April 16, 2026) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") today announced a distribution of $0.07500 per Unit for the period from April 1, 2026, to and including April 30, 2026. The distribution will be payable on May 15, 2026, to Unitholders of record as at April 30, 2026. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at December 31, 2025, our portfolio contained 308 properties comprising approximately 18.9 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at www.crombie.ca .
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Crombie REIT Schedules Fiscal 2025 Annual General Meeting and First Quarter 2026 Conference Call
New Glasgow, Nova Scotia-(Newsfile Corp. - March 26, 2026) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") will hold its Annual General Meeting ("AGM") of Unitholders on Thursday, May 7, 2026 at Cineplex Cinemas, 612 East River Road, New Glasgow, Nova Scotia. The meeting is scheduled to begin at 10:00 a.m. (EDT). 2025 AGM Webcast: The AGM will be broadcast via live audio webcast. The webcast may be accessed at www.crombie.ca under Investors and through https://www.gowebcasting.com/14654 . Time has been allotted at the end of the webcast for telephone questions. Teleconference: <br />Dial-in numbers to join the AGM are: <br />USA/Canada Toll-Free: +1-833-752-5566 <br />International: +1-647-258-0575 To join the AGM call without operator assistance, Click Here to register and enter your phone number to receive an instant automated callback. A replay will be available by dialing 1-855-669-9658 or 1-412-317-0088 and entering password 4756162# until midnight, May 14, 2026.
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Crombie REIT Announces March 2026 Monthly Distribution
New Glasgow, Nova Scotia-(Newsfile Corp. - March 16, 2026) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") today announced a distribution of $0.07500 per Unit for the period from March 1, 2026, to and including March 31, 2026. The distribution will be payable on April 15, 2026, to Unitholders of record as at March 31, 2026. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at December 31, 2025, our portfolio contained 308 properties comprising approximately 18.9 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at www.crombie.ca .
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Crombie REIT Announces February 2026 Monthly Distribution
New Glasgow, Nova Scotia-(Newsfile Corp. - February 17, 2026) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") today announced a distribution of $0.07500 per Unit for the period from February 1, 2026, to and including February 28, 2026. The distribution will be payable on March 13, 2026, to Unitholders of record as at February 28, 2026. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at December 31, 2025, our portfolio contained 308 properties comprising approximately 18.9 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at
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Crombie REIT Announces Fourth Quarter and Year End 2025 Results
Record committed occupancy and robust commercial same-asset property cash NOI and FFO growth, driven by disciplined capital allocation and operational excellence New Glasgow, Nova Scotia-(Newsfile Corp. - February 10, 2026) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") today announced results for its fourth quarter and year ended December 31, 2025. Management will host a conference call to discuss the results at 10:00 a.m. (EST), February 11, 2026. "All pillars of our Building Together strategy combined to deliver a standout 2025. Disciplined execution across the platform produced record committed occupancy of 97.7%, robust commercial same-asset property cash NOI growth of 3.7%, and FFO (1) per unit and AFFO (1) per unit growth of 4.8% and 6.5% for the year," said Mark Holly, President and CEO. "Prudent financial management continued to strengthen our balance sheet, earning us a credit rating upgrade from BBB (low) to BBB and enabling a $0.01 per unit increase
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Crombie REIT Acknowledges Empire’s E-Commerce Update
New Glasgow, Nova Scotia-(Newsfile Corp. - January 28, 2026) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") today acknowledged the announcement by Empire Company Limited ("Empire") regarding its plans to wind-down and close its Customer Fulfillment Centre (CFC) operations in Alberta while continuing to serve customers in Ontario and Quebec through its Voilà banner, supported by its existing CFCs. As outlined in Empire's press release today, operations at its CFC in Calgary are included in the scope of its announcement. The Calgary facility identified is Crombie's 100%-owned CFC. Crombie's position at the site remains unchanged, with the existing long-term lease remaining in place. This asset represents 304,000 sq. ft. of GLA within Crombie's 2.46 million sq. ft. retail-related industrial portfolio, which remains fully occupied. Crombie expects no material financial impact as a result of Empire's announcement. About Crombie REIT Crombie invests in real estate with a
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Crombie REIT Announces January 2026 Monthly Distribution
New Glasgow, Nova Scotia-(Newsfile Corp. - January 16, 2026) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") today announced a distribution of $0.07500 per Unit for the period from January 1, 2026, to and including January 31, 2026. The distribution will be payable on February 13, 2026, to Unitholders of record as at January 31, 2026. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at September 30, 2025, our portfolio contained 306 properties comprising approximately 18.8 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at
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Crombie REIT Announces December 2025 Monthly Distribution
New Glasgow, Nova Scotia-(Newsfile Corp. - December 16, 2025) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") today announced a distribution of $0.07500 per Unit for the period from December 1, 2025, to and including December 31, 2025. The distribution will be payable on January 15, 2026, to Unitholders of record as at December 31, 2025. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at September 30, 2025, our portfolio contained 306 properties comprising approximately 18.8 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at
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Crombie REIT Schedules Fourth Quarter 2025 Conference Call
New Glasgow, Nova Scotia-(Newsfile Corp. - December 12, 2025) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") will hold a conference call on Wednesday, February 11, 2026, beginning at 10:00 a.m. (EST). Senior management will discuss Crombie's financial and operational results for the fourth quarter and year ended December 31, 2025. The financial and operational results will be released on Tuesday, February 10, 2026, after market close. Teleconference: <br />Dial-in numbers to join the conference call are: <br />USA/Canada Toll-Free: +1-844-763-8274 <br />International: +1-412-717-9224 To join the conference call without operator assistance, you may register and enter your details at this link to receive an instant automated callback. Replay will be available by dialing +1-855-669-9658 and entering password 6450280#, until midnight on February 18, 2026. Webcast: <br />A live audio webcast of the conference call will be accessible on Crombie's website at www.crombie.ca
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Crombie REIT Announces November 2025 Monthly Distribution
New Glasgow, Nova Scotia-(Newsfile Corp. - November 17, 2025) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") today announced a distribution of $0.07500 per Unit for the period from November 1, 2025, to and including November 30, 2025. The distribution will be payable on December 15, 2025, to Unitholders of record as at November 30, 2025. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at September 30, 2025, our portfolio contained 306 properties comprising approximately 18.8 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at
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Crombie REIT Announces Third Quarter 2025 Results
Portfolio strength and disciplined execution deliver record occupancy and continued FFO growth New Glasgow, Nova Scotia-(Newsfile Corp. - November 5, 2025) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") today announced results for its third quarter ended September 30, 2025. Management will host a conference call to discuss the results at 10:00 a.m. (EST), November 6, 2025. "Our third-quarter results demonstrate the continued strength of Crombie's high-quality, coast-to-coast portfolio, purpose-built to deliver steady cash flow growth and long-term sustainable value," said Mark Holly, President and CEO. "During the quarter, we delivered same-asset cash NOI growth of 4.6% and achieved another period of record committed occupancy at 97.5% - a testament to the resilience of our portfolio and our teams' execution. Over the first nine months of the year, Crombie generated 3.5% same-asset cash NOI growth alongside FFO and AFFO per Unit growth of 4.3% and 7.5%, reinforcing
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Crombie REIT Announces October 2025 Monthly Distribution
New Glasgow, Nova Scotia-(Newsfile Corp. - October 16, 2025) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") today announced a distribution of $0.07500 per Unit for the period from October 1, 2025, to and including October 31, 2025. The distribution will be payable on November 14, 2025, to Unitholders of record as at October 31, 2025. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at June 30, 2025, our portfolio contained 306 properties comprising approximately 18.8 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at
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Crombie REIT Schedules Third Quarter 2025 Conference Call
New Glasgow, Nova Scotia-(Newsfile Corp. - September 22, 2025) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") will hold a conference call on Thursday, November 6, 2025, beginning at 10:00 a.m. (EST). Senior management will discuss Crombie's financial and operational results for the third quarter ended September 30, 2025. The financial and operational results will be released on Wednesday, November 5, 2025, after market close. Teleconference: Dial-in numbers to join the conference call are: <br />+1 (646) 307-1963 <br />(800) 715-9871 To join the conference call without operator assistance, you may register and enter your details at this link to receive an instant automated callback. Replay will be available by dialing +1(800) 770-2030 and entering password 3377788#, until midnight on November 13, 2025. Webcast: A live audio webcast of the conference call will be accessible on Crombie's website at www.crombie.ca under Investors and through this link . The webcast will
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Crombie REIT Announces September 2025 Monthly Distribution
New Glasgow, Nova Scotia-(Newsfile Corp. - September 16, 2025) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") today announced a distribution of $0.07500 per Unit for the period from September 1, 2025, to and including September 30, 2025. The distribution will be payable on October 15, 2025, to Unitholders of record as at September 30, 2025. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at June 30, 2025, our portfolio contained 306 properties comprising approximately 18.8 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at
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Crombie REIT Announces August 2025 Monthly Distribution
New Glasgow, Nova Scotia-(Newsfile Corp. - August 18, 2025) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") today announced a distribution of $0.07500 per Unit for the period from August 1, 2025, to and including August 31, 2025. The distribution will be payable on September 15, 2025, to Unitholders of record as at August 31, 2025. As announced August 6, 2025, Crombie increased its annual distribution to $0.90000 per Unit ($0.07500 per month) from the previous rate of $0.89004 per Unit ($0.07417 per month), reflecting an increase of 1.12%. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at June 30, 2025, our portfolio
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Crombie REIT Announces Second Quarter 2025 Results and Distribution Increase
Operational excellence and disciplined capital management results in strong FFO growth, credit rating upgrade, and distribution increase New Glasgow, Nova Scotia-(Newsfile Corp. - August 6, 2025) - Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") today announced results for its second quarter ended June 30, 2025. Management will host a conference call to discuss the results at 10:00 a.m. (EDT), August 7, 2025. "Crombie's second quarter results reflect the strength of our necessity-based portfolio and the disciplined execution of our team," said Mark Holly, President and CEO. "We achieved record committed occupancy for the third consecutive quarter, grew property revenue by 6.4%, and delivered year-over-year growth in FFO and AFFO per Unit. Our performance speaks to the execution of our strategy and the value-creation pillars within it. With a strong balance sheet, a recent credit rating upgrade, and growth in our necessity-based grocery- anchored foundation, we
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CROMBIE REIT ANNOUNCES CHANGES TO BOARD OF TRUSTEES
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced changes to its Board of Trustees (the "Board"). Crombie is pleased to announce that Empire Company Limited ("Empire") has appointed Sarah MacDonald and Kyle Hartlen to join Crombie's Board of Trustees, effective July 30, 2025. Sarah brings over 20 years of experience in real estate management and transformational leadership and Kyle is recognized for his strong background in corporate governance and business strategy. Their appointments replace Heather Grey-Wolf and Jim Dickson, and the Board extends its gratitude to Heather and Jim for their contributions to Crombie. Ms. MacDonald joined Algonquin Power & Utility Company ("Algonquin") in October 2023 as Chief Human Resources Officer and expanded her role in August 2024 to Chief Transformation Officer. Prior to joining Algonquin, she held various senior leadership roles in her 19-year career at Emera Inc., in Canada, the Caribbean and Florida followed
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CROMBIE REIT SCHEDULES SECOND QUARTER 2025 CONFERENCE CALL
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, August 7, 2025, beginning at 10:00 a.m. (EDT). Senior management will discuss Crombie's financial and operational results for the second quarter ended June 30, 2025. The financial and operational results will be released on Wednesday, August 6, 2025, after market close. Teleconference: Dial-in numbers to join the conference call are: <br />(416) 945-7677 <br />(888) 699-1199 To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/441GWHx to receive an instant automated callback. Replay will be available by dialing (289) 819-1450 or (888) 660-6345 and entering password 56704 #, until midnight, August 14, 2025, or on Crombie's website for 90 days after the meeting. Webcast: A live audio webcast of the conference call will be accessible on Crombie's website at www.crombie.ca under Investors. The webcast will be
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CROMBIE REIT ANNOUNCES JULY 2025 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from July 1, 2025, to and including July 31, 2025. The distribution will be payable on August 15, 2025, to Unitholders of record as at July 31, 2025. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at March 31, 2025, our portfolio contained 303 properties comprising approximately 18.8 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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CROMBIE REIT ANNOUNCES JUNE 2025 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from June 1, 2025, to and including June 30, 2025. The distribution will be payable on July 15, 2025, to Unitholders of record as at June 30, 2025. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at March 31, 2025, our portfolio contained 303 properties comprising approximately 18.8 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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CROMBIE REIT ANNOUNCES MAY 2025 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from May 1, 2025, to and including May 31, 2025. The distribution will be payable on June 13, 2025, to Unitholders of record as at May 31, 2025. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at March 31, 2025, our portfolio contained 303 properties comprising approximately 18.8 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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CROMBIE REIT ANNOUNCES VOTING RESULTS AND ELECTION OF TRUSTEES
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce the election of each of the nominees proposed for election at the Annual General Meeting of Unitholders held on May 8, 2025. The vote was conducted by show of hands without a ballot. In compliance with TSX rules, following are the detailed proxy tabulations for the appointment of Trustees, with over 99% of the votes at the meeting being represented by proxy. Trustee Proxy tabulations <br /> For Withheld Paul V. Beesley 128,799,028 (98.44%) 2,041,480 (1.56%) Jane Craighead 130,494,920 (99.74%) 345,588 (0.26%) Mark Holly 130,684,883 (99.88%) 155,626 (0.12%) Jason P. Shannon 130,424,395 (99.68%) 416,114 (0.32%) Deborah Starkman Michael Waters 130,721,506 (99.91%) 130,581,182 (99.80%) 119,003 (0.09%) 259,326 (0.20%) Karen Weaver 129,658,053 (99.10%) 1,182,456 (0.90%) Voting results on additional resolutions were as follows: Resolution Proxy tabulations <br /> For Withheld Appointment of Auditors:
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Crombie REIT Announces First Quarter 2025 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its first quarter ended March 31, 2025. Management will host a conference call to discuss the results at 12:00 p.m. (EDT), May 8, 2025. "This quarter's results reflect the clarity and consistency of our strategy and the operational discipline of our team," said Mark Holly, President and CEO. "Committed occupancy reached historic levels for the second consecutive quarter, and we generated growth in same- asset property cash NOI and AFFO per Unit of 3.2% and 3.8%, respectively, reflecting the resilience of our necessity-based portfolio. We made continued strategic progress early in the second quarter, with two foundational partnerships in Halifax and Vancouver, designed to unlock value, generate stable fee income, and enhance our balance sheet flexibility, all while preserving long-term optionality. Crombie's
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CROMBIE REIT ANNOUNCES APRIL 2025 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from April 1, 2025, to and including April 30, 2025. The distribution will be payable on May 15, 2025, to Unitholders of record as at April 30, 2025. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at December 31, 2024, our portfolio contains 304 properties comprising approximately 19.1 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at www.crombie.ca SOURCE Crombie REIT
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CROMBIE REIT FORMS JOINT VENTURE PARTNERSHIPS TO ENHANCE VALUE CREATION IN HALIFAX, NOVA SCOTIA
Creation of Joint Venture Partnerships with Montez Corporation ("Montez"), whereby Montez will acquire a 50% interest in The Marlstone and partner to advance Barrington Street and Brunswick Place through the entitlement process, resulting in value realization and enhanced balance sheet flexibility. The partnerships establish a stable revenue stream through Crombie's development and management services platform, delivering immediate cash flow through fee income across all three projects. Enables Crombie to continue to prudently manage its capital allocation and balance sheet capacity. Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced that it has signed a joint venture agreement with Montez Corporation, a leading integrated multi-asset real estate investor, developer, and asset manager, whereby it will sell 50% of The Marlstone, a mixed-use residential rental project currently under development, in Halifax, Nova Scotia, to Montez (the "Marlstone Joint
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CROMBIE REIT SCHEDULES FISCAL 2024 ANNUAL GENERAL MEETING and Q1 FISCAL 2025 CONFERENCE CALL
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold its Annual General Meeting ("AGM") of Unitholders on Thursday, May 8, 2025 at Cineplex Cinemas, 612 East River Road, New Glasgow, Nova Scotia. The meeting is scheduled to begin at 10:00 a.m. (EDT). Webcast of AGM The AGM will be broadcast via live audio webcast. The webcast may be accessed at www.crombie.ca . Time has been allotted at the end of the webcast for telephone questions. Call-in numbers are: (416) 945-7677 <br />(888) 699-1199 To join the AGM call without operator assistance, you may register and enter your phone number at https://emportal.ink/4hQc1D8 to receive an instant automated callback. Replay will be available by dialing (289) 819-1450 or (888) 660-6345 and entering password 31643 # until midnight, May 15, 2025, or on Crombie's website for 90 days after the meeting. Q1 Fiscal 2025 Conference Call Crombie will hold a conference call on Thursday, May 8, 2025, beginning at 12:00 p.m. (EDT) during
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CROMBIE REIT ANNOUNCES MARCH 2025 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from March 1, 2025, to and including March 31, 2025. The distribution will be payable on April 15, 2025, to Unitholders of record as at March 31, 2025. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at December 31, 2024, our portfolio contains 304 properties comprising approximately 19.1 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at www.crombie.ca SOURCE Crombie REIT
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Crombie REIT Announces Fourth Quarter and Year End 2024 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its fourth quarter and year ended December 31, 2024. Management will host a conference call to discuss the results at 10:00 a.m. (EST), February 20, 2025. "Driven by a clear emphasis on operational excellence, we reached occupancy levels amongst the highest in our history, grew same-asset property cash NOI by 2.9%, and increased AFFO per unit by 6.9%," said Mark Holly, President and CEO. "Most importantly, we achieved these results while preserving the strength and flexibility of our balance sheet, positioning us to deliver consistent cash flow growth and create long-term value for our Unitholders." FOURTH QUARTER SUMMARY (In thousands of Canadian dollars, except per Unit amounts and square feet and as otherwise noted) Operational Highlights Committed occupancy of 96.8% and economic occupancy of 96.5%; a 30 basis point increase and a 50 basis point increase, respectively, compared to the
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CROMBIE REIT ANNOUNCES FEBRUARY 2025 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from February 1, 2025, to and including February 28, 2025. The distribution will be payable on March 14, 2025, to Unitholders of record as at February 28, 2025. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at September 30, 2024, our portfolio contains 305 properties comprising approximately 19.3 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at www.crombie.ca SOURCE Crombie REIT
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CROMBIE REIT ANNOUNCES JANUARY 2025 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from January 1, 2025, to and including January 31, 2025. The distribution will be payable on February 14, 2025, to Unitholders of record as at January 31, 2025. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at September 30, 2024, our portfolio contains 305 properties comprising approximately 19.3 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at www.crombie.ca SOURCE Crombie REIT
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CROMBIE REIT SCHEDULES FOURTH QUARTER 2024 CONFERENCE CALL
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, February 20, 2025, beginning at 10:00 a.m. (EST). Senior management will discuss Crombie's financial and operational results for the fourth quarter and year ended December 31, 2024. The financial and operational results will be released on Wednesday, February 19, 2025, after market close. Teleconference: Dial-in numbers to join the conference call are: (437) 900-0527 <br />(888) 510-2154 To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/3ZSlh2E to receive an instant automated callback. Replay will be available by dialing (289) 819-1450 or (888) 660-6345 and entering password 42167 #, until midnight, February 27, 2025, or on Crombie's website for 90 days after the meeting. Webcast: A live audio webcast of the conference call will be accessible on Crombie's website at www.crombie.ca under Investors. The
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CROMBIE REIT ANNOUNCES DECEMBER 2024 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from December 1, 2024, to and including December 31, 2024. The distribution will be payable on January 15, 2025, to Unitholders of record as at December 31, 2024. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at September 30, 2024, our portfolio contains 305 properties comprising approximately 19.3 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at www.crombie.ca SOURCE Crombie REIT
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CROMBIE REIT ANNOUNCES NOVEMBER 2024 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from November 1, 2024, to and including November 30, 2024. The distribution will be payable on December 13, 2024, to Unitholders of record as at November 30, 2024. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at September 30, 2024, our portfolio contains 305 properties comprising approximately 19.3 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at www.crombie.ca SOURCE Crombie REIT
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Crombie REIT Announces Third Quarter 2024 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its third quarter ended September 30, 2024. Management will host a conference call to discuss the results at 11:00 a.m. (EST), November 7, 2024. "Crombie's performance demonstrates the resilience of our coast-to-coast, necessity-based portfolio, and our focus on our value creation strategy of delivering consistent healthy operational and financial results. In addition to adding two grocery retail locations and disposing of two non-core assets, we purchased the remaining 50% of Zephyr, our mixed-use rental residential asset in downtown Vancouver," said Mark Holly, President and CEO. "It is our solid foundation, including our strong financial condition and dedicated team, that allows us to seize opportunities and advance key priorities to create long-term sustainable growth for our Unitholders." THIRD QUARTER SUMMARY (In thousands of Canadian dollars, except per Unit amounts and square
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CROMBIE REIT CLOSES STRATEGIC ACQUISITION OF ZEPHYR RESIDENTIAL AT 1661 DAVIE STREET
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced that on October 15, 2024 it has completed the previously announced acquisition of the remaining 50% of Zephyr, in Vancouver, British Columbia, from its partner, Westbank Corp., for an aggregate purchase price of $133 million. Through this acquisition, Crombie will now own 100% of the residential component, in addition to its existing full ownership of the ground floor grocery-anchored retail. As a result of the acquisition, Crombie will fully consolidate Zephyr and assume the additional 50% of existing mortgages, equivalent to approximately $89 million, with remaining term to maturity of over three years with the balance of the purchase price funded by drawing on a new unsecured bank credit facility. Concurrently with closing, the interest rate on the new unsecured bank credit facility was locked in and together, the total debt has an attractive blended interest rate of 3.5%. Built in 2021, Zephyr is a mixed-use
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CROMBIE REIT ANNOUNCES REDEMPTION OF $175 MILLION SERIES E UNSECURED NOTES
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that pursuant to the trust indenture governing its 4.80% Series E Senior Unsecured Notes due January 31, 2025 (the "Series E Notes"), it has issued a notice of redemption to the registered holders of its Series E Notes. The outstanding $175 million aggregate principal amount of these Notes will be redeemed in full on October 31, 2024 (the "Redemption Date"). The calculation of the redemption price of the Series E Notes is set out in the trust indenture, as supplemented, and is to be the greater of the Canada Yield Price and 100% of the aggregate principal amount of the Series E Notes, together in each case with accrued and unpaid interest to the Redemption Date. The Canada Yield Price determined in accordance with the indenture, as supplemented, is less than the aggregate principal amount, so the redemption price is $1,000.00 per $1,000.00 of principal amount. Accrued and unpaid interest to the Redemption
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CROMBIE REIT ANNOUNCES OCTOBER 2024 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from October 1, 2024, to and including October 31, 2024. The distribution will be payable on November 15, 2024, to Unitholders of record as at October 31, 2024. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at June 30, 2024, our portfolio contains 304 properties comprising approximately 19.3 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at www.crombie.ca SOURCE Crombie REIT
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CROMBIE REIT ANNOUNCES OFFERING OF $300 MILLION SERIES M UNSECURED NOTES
Crombie Real Estate Investment Trust ("Crombie" or the "REIT") (TSX: CRR.UN), announced today that it entered into an agreement to issue $300 million aggregate principal amount of Series M Senior Unsecured Notes maturing January 15, 2032 (the "Series M Notes"). The Series M Notes will bear interest at a rate of 4.732% per annum and were offered at a price of $999.79 per $1,000.00 principal amount. The Series M Notes are being offered with a syndicate of agents, co-led by Scotia Capital Inc. and CIBC World Markets Inc., and including Desjardins Securities Inc., National Bank Financial Inc., TD Securities Inc., BMO Nesbitt Burns Inc., and RBC Dominion Securities Inc., to sell, on a best effort, private placement basis. Net proceeds from the Series M Notes offering will be used to repay, redeem, or refinance existing indebtedness, including maturing mortgage financings, indebtedness under existing bank credit facilities, and outstanding debt securities, as well as general trust purposes.
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CROMBIE REIT SCHEDULES THIRD QUARTER 2024 CONFERENCE CALL
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, November 7, 2024, beginning at 11:00 a.m. (EST). Senior management will discuss Crombie's financial and operational results for the third quarter ended September 30, 2024. The financial and operational results will be released on Wednesday, November 6, 2024, after market close. Teleconference: Dial-in numbers to join the conference call are: (416) 945-7677 <br />(888) 699-1199 To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/3ZHA4ic to receive an instant automated callback. Replay will be available by dialing (289) 819-1450 or (888) 660-6345 and entering password 02422 #, until midnight, November 14, 2024, or on Crombie's website for 90 days after the meeting. Webcast: A live audio webcast of the conference call will be accessible on Crombie's website at www.crombie.ca under Investors. The webcast will be
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CROMBIE REIT ANNOUNCES STRATEGIC ACQUISITION OF ZEPHYR RESIDENTIAL AT 1661 DAVIE STREET
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it has entered into a binding agreement to acquire the remaining 50% of Zephyr, in Vancouver, British Columbia, from its partner, Westbank Corp., for an aggregate purchase price of $133 million. Through this acquisition, Crombie will now own 100% of the residential component, in addition to its existing full ownership of the ground floor grocery-anchored retail. The acquisition is scheduled to close in October 2024, subject to Competition Bureau approval. "We are pleased to announce that upon closing of this transaction, Crombie will become the sole owner of one of Canada's premier rental residential assets. Zephyr is in one of the country's top markets and further enriches the quality of our rental residential platform," said Mark Holly, President and CEO. "The acquisition delivers on our strategy of optimizing our portfolio and to own and operate high-quality assets in vibrant community hubs that
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CROMBIE REIT ANNOUNCES SEPTEMBER 2024 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from September 1, 2024, to and including September 30, 2024. The distribution will be payable on October 15, 2024, to Unitholders of record as at September 30, 2024. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at June 30, 2024, our portfolio contains 304 properties comprising approximately 19.3 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at www.crombie.ca SOURCE Crombie REIT
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CROMBIE REIT ANNOUNCES AUGUST 2024 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from August 1, 2024, to and including August 31, 2024. The distribution will be payable on September 13, 2024, to Unitholders of record as at August 31, 2024. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at June 30, 2024, our portfolio contains 304 properties comprising approximately 19.3 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at www.crombie.ca SOURCE Crombie REIT
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CROMBIE REIT ANNOUNCES APPOINTMENT OF CHIEF FINANCIAL OFFICER
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced that Kara Cameron has been appointed as Chief Financial Officer ("CFO"), effective immediately. Kara has been serving as Interim CFO since February 2024. She is a Chartered Professional Accountant with nearly 20 years of experience in progressively senior financial leadership roles, including five years at Crombie as Vice President, Accounting and Financial Reporting, before her appointment as Interim CFO. "Following a comprehensive search process, we are delighted that Kara emerged as the successful candidate and that she has accepted the role of CFO on a permanent basis," said Mark Holly, President and CEO. "Since joining Crombie in 2019, Kara has been an integral part of our financial leadership team, known for her strategic thinking, and steadfast commitment to our financial strength. As CFO, Kara will remain focused on strengthening Crombie's overall financial position, delivering value to our
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Crombie Announces Second Quarter 2024 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its second quarter ended June 30, 2024. Management will host a conference call to discuss the results at 12:00 p.m. (EDT), August 8, 2024. "Crombie delivered strong operational and financial performance this quarter, including an increase of 3.4% in same-asset property cash NOI, healthy renewal spreads of 9.6%, and normalized FFO per unit growth of 6.7%," said Mark Holly, President and CEO. "Our strategic focus remains on value creation, our solid financial position, and prudent approach to capital allocation, while advancing key initiatives. In the second quarter, we received a positive trend change to our credit rating, engaged in acquisition and disposition activity, and invested in our development program, unlocking embedded value and growth throughout our grocery-anchored portfolio." SECOND QUARTER SUMMARY (In thousands of Canadian dollars, except per Unit amounts and square
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CROMBIE REIT ANNOUNCES JULY 2024 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from July 1, 2024, to and including July 31, 2024. The distribution will be payable on August 15, 2024, to Unitholders of record as at July 31, 2024. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at March 31, 2024, our portfolio contains 304 properties comprising approximately 19.2 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at www.crombie.ca SOURCE Crombie REIT
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CROMBIE REIT ANNOUNCES CHANGES TO BOARD OF TRUSTEES
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced changes to its Board of Trustees. Crombie is pleased to announce Empire Company Limited's ("Empire") appointment of Vivek Sood to Crombie's Board of Trustees in replacement of Heidi Jamieson-Mills, effective July 15, 2024. Born in Uganda and raised in Crombie's hometown of Pictou County, Vivek has spent the last 25 years of his career with Empire and Sobeys Inc., where he held various senior positions, including Vice President, Finance & Administration, Senior Vice President, Pharmacy Group, and Executive Vice President, Related Businesses. Prior to retiring in July 2024, Vivek was also Executive Sponsor of Empire's Diversity, Equity, and Inclusion strategy, as well as for their Enterprise Resource Planning initiative. Vivek holds a Bachelor of Commerce degree from Dalhousie University and a Master of Business Administration from Saint Mary's University. He received his Chartered Financial Analyst
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CROMBIE REIT SCHEDULES SECOND QUARTER 2024 CONFERENCE CALL
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, August 8, 2024, beginning at 12:00 p.m. (EDT). Senior management will discuss Crombie's financial and operational results for the second quarter ended June 30, 2024. The financial and operational results will be released on Wednesday, August 7, 2024, after market close. Teleconference: Dial-in numbers to join the conference call are: (416) 764-8688 <br />(888) 390-0546 To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/3XOd3ZW to receive an instant automated callback. Replay will be available by dialing (416) 764-8677 or (888) 390-0541 and entering password 747814 #, until midnight, August 15, 2024, or on Crombie's website for 90 days after the meeting. Webcast: A live audio webcast of the conference call will be accessible on Crombie's website at www.crombie.ca under Investors. The webcast will be available
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CROMBIE REIT ANNOUNCES RELEASE OF 2023 ENVIRONMENTAL, SOCIAL & GOVERNANCE REPORT
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today the release of its 2023 Environmental, Social & Governance ("ESG") Report which provides an overview of Crombie's ESG initiatives and strategies, highlighting progress and achievements across key priorities. "Crombie's portfolio spans from coast to coast in the heart of vibrant towns, expanding cities, and major urban centres, and our team is committed to enriching these communities across Canada through sound environmental practices, social responsibility, and strong corporate governance," said Mark Holly, President and CEO. "In 2023, we further embedded ESG priorities into our strategy and culture, strengthened our ESG commitments, and made significant advancements in this important program." Key highlights from Crombie's 2023 ESG Report include: Climate Action Plan ("CAP") validated and approved by the Science Based Targets initiative ("SBTi"). Reduced operational greenhouse gas ("GHG") emissions by
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CROMBIE REIT ANNOUNCES JUNE 2024 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from June 1, 2024, to and including June 30, 2024. The distribution will be payable on July 15, 2024, to Unitholders of record as at June 30, 2024. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at March 31, 2024, our portfolio contains 304 properties comprising approximately 19.2 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at www.crombie.ca SOURCE Crombie REIT
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CROMBIE REIT ANNOUNCES MAY 2024 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from May 1, 2024, to and including May 31, 2024. The distribution will be payable on June 14, 2024, to Unitholders of record as at May 31, 2024. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at March 31, 2024, our portfolio contains 304 properties comprising approximately 19.2 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at www.crombie.ca SOURCE Crombie REIT
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CROMBIE REIT ANNOUNCES VOTING RESULTS AND ELECTION OF TRUSTEES 2024
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce the election of each of the nominees proposed for election at the Annual General Meeting of Unitholders held on May 9, 2024. The vote was conducted by show of hands without a ballot. In compliance with TSX rules, following are the detailed proxy tabulations for the appointment of Trustees, with over 99% of the votes at the meeting being represented by proxy. Trustee Proxy tabulations <br /> For Withheld Paul V. Beesley 129,674,852 (99.41%) 780,382 (0.59%) Jane Craighead 102,300,845 (78.43%) 28,140,039 (21.57%) Mark Holly 130,212,331 (99.81%) 242,903 (0.19%) Jason P. Shannon 130,149,394 (99.76%) 305,840 (0.24%) Michael Waters 129,683,188 (99.40%) 772,056 (0.60%) Karen Weaver 129,521,889 (99.28%) 933,345 (0.72%) Voting results on additional resolutions were as follows: Resolution Proxy tabulations <br /> For Withheld Appointment of Auditors: PricewaterhouseCoopers LLP 130,396,152 (99.95%) 59,082
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Crombie Announces First Quarter 2024 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its first quarter ended March 31, 2024. Management will host a conference call to discuss the results at 12:00 p.m. (EDT), May 9, 2024. "Crombie's unwavering focus on operational excellence and financial strength, once again, guided us to deliver solid and consistent quarterly results," said Mark Holly, President and CEO. "In the first quarter, our residential asset, The Village at Bronte Harbour, reached occupancy stabilization and secured CMHC financing. We also advanced key priorities including the substantial completion of our 52,000 square foot retail-related industrial asset in Calgary, Alberta, co-owned with Empire. It is our dedication to pursuing strategic initiatives, paired with a strong financial condition, that position us well for sustained growth and value creation." FIRST QUARTER SUMMARY (In thousands of Canadian dollars, except per Unit amounts and square feet and as otherwise
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CROMBIE REIT ANNOUNCES APRIL 2024 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from April 1, 2024, to and including April 30, 2024. The distribution will be payable on May 15, 2024, to Unitholders of record as at April 30, 2024. About Crombie REIT Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at December 31, 2023, our portfolio contains 304 properties comprising approximately 19.2 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at www.crombie.ca SOURCE Crombie REIT
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CROMBIE REIT FISCAL 2023 ANNUAL GENERAL MEETING and Q1 FISCAL 2024 CONFERENCE CALL
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold its Annual General Meeting ("AGM") of Unitholders on Thursday, May 9, 2024 at Cineplex Cinemas, 612 East River Road, New Glasgow, Nova Scotia. The meeting is scheduled to begin at 10:00 a.m. (EDT). Webcast of AGM The AGM will be broadcast via live audio webcast. The webcast may be accessed at www.crombie.ca . Time has been allotted at the end of the webcast for telephone questions. Call-in numbers are: (416) 764-8659 <br />(888) 664-6392 To join the AGM call without operator assistance, you may register and enter your phone number at https://emportal.ink/3TA4VZx to receive an instant automated callback. Replay will be available by dialing (416) 764-8677 or (888) 390-0541 and entering password 006794 # until midnight, May 23, 2024, or on Crombie's website for 90 days after the meeting. Q1 Fiscal 2024 Conference Call Crombie will hold a conference call on Thursday, May 9, 2024 beginning at 12:00 p.m. (EDT) during
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CROMBIE REIT ANNOUNCES MARCH 2024 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from March 1, 2024, to and including March 31, 2024. The distribution will be payable on April 15, 2024, to Unitholders of record as at March 31, 2024. About Crombie REIT Crombie invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties. As December 31, 2023, our portfolio contains 304 properties comprising approximately 19.2 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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CROMBIE REIT ANNOUNCES OFFERING OF $200 MILLION SERIES L UNSECURED NOTES
Crombie Real Estate Investment Trust ("Crombie" or the "REIT") (TSX: CRR.UN), announced today that it entered into an agreement to issue $200 million aggregate principal amount of Series L Senior Unsecured Notes maturing March 29, 2030 (the "Series L Notes"). The Series L Notes will bear interest at a rate of 5.139% per annum. The Series L Notes were offered at a price of $999.95 per $1,000.00 principal amount. The Series L Notes are being offered with a syndicate of agents, co-led by Scotia Capital Inc. and TD Securities Inc., and including BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., Desjardins Securities Inc., and RBC Dominion Securities Inc., to sell, on a best effort, private placement basis. Net proceeds from the Series L Notes offering will be used to repay certain indebtedness outstanding on Crombie's credit facilities and for general trust purposes. The offering is expected to close on or about March 6, 2024 and is subject to customary
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Crombie REIT Announces Fourth Quarter and Year-End Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its fourth quarter and year ended December 31, 2023. Management will host a conference call to discuss the results at 12:00 p.m. (EST), February 22, 2024. "Our operating and financial results for the quarter and year continue to demonstrate our team's ability to drive growth and create value. Our deliberate focus on operational excellence and the strength of our grocery-anchored portfolio resulted in healthy same-asset property cash NOI growth and steady occupancy," said Mark Holly, President and Chief Executive Officer. "During the year, we advanced several key priorities including the commencement of a major development project, the acceleration of entitlements, and unlocked a new revenue platform from management and development services. We are entering 2024 on solid footing, with a robust balance sheet, ample liquidity, and access to multiple sources of capital. It is our commitment to
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CROMBIE REIT ANNOUNCES FEBRUARY 2024 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from February 1, 2024, to and including February 29, 2024. The distribution will be payable on March 15, 2024, to Unitholders of record as at February 29, 2024. About Crombie REIT Crombie invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at September 30, 2023, our portfolio contains 294 income-producing properties comprising approximately 18.7 million square feet, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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CROMBIE REIT ANNOUNCES MANAGEMENT CHANGE
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced that Clinton Keay will be resigning as Chief Financial Officer ("CFO"), effective February 23, 2024. Clinton will be joining Empire Company Limited as Senior Vice President, Corporate Finance. Kara Cameron, currently Vice President, Accounting and Financial Reporting, at Crombie will serve as Interim CFO while a search for a permanent CFO is conducted. Ms. Cameron is a chartered professional accountant with nearly 20 years of experience in progressively senior financial leadership roles, including five years in her current role at Crombie. "Since joining Crombie in 2019, Clinton has made important contributions to the growth and success of the REIT, as reflected by our financial strength and best in class balance sheet," said Mark Holly, President and CEO. "On behalf of the entire Crombie team, I would like to thank Clinton for all of his contributions during his tenure with the REIT and wish him all the
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CROMBIE REIT ANNOUNCES JANUARY 2024 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from January 1, 2024, to and including January 31, 2024. The distribution will be payable on February 15, 2024, to Unitholders of record as at January 31, 2024. About Crombie REIT Crombie invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at September 30, 2023, our portfolio contains 294 income-producing properties comprising approximately 18.7 million square feet, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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CROMBIE REIT Q4 FISCAL 2023 CONFERENCE CALL
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, February 22, 2024 beginning at 12:00 p.m. (EST) during which senior management will discuss Crombie's financial results for the fourth quarter and year ended December 31, 2023. The financial results will be released on Wednesday, February 21, 2024, after market close. Teleconference: Dial in numbers to join the conference call are: (416) 764-8688 <br />(888) 390-0546 To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/41LVXMg to receive an instant automated call back. The call will be accessible for replay by dialing (416) 764-8677 or (888) 390-0541 and entering passcode 701516 #, until midnight, February 29, 2024. Webcast: A live audio webcast of the conference call will be accessible on Crombie's website at www.crombie.ca under Investors. The webcast will be available for replay on Crombie's website for 90
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CROMBIE REIT ANNOUNCES DECEMBER 2023 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from December 1, 2023, to and including December 31, 2023. The distribution will be payable on January 15, 2024, to Unitholders of record as at December 31, 2023. About Crombie REIT Crombie invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at September 30, 2023, our portfolio contains 294 income-producing properties comprising approximately 18.7 million square feet, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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CROMBIE REIT ANNOUNCES PUBLICATION OF ITS THIRD ANNUAL ESG REPORT
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today the publication of its 2022 Environmental, Social & Governance Report at www.crombie.ca . This report provides an update on Crombie's ESG initiatives and strategies, and highlights achievements and priorities that reflect Crombie's commitment to long-term sustainability. "Throughout 2022, ESG was further embedded in the way we do business to best serve our employees, tenants, and the communities in which we operate. We strengthened our understanding of our portfolio emissions and committed to reducing the greenhouse gas intensity of our operations and supply chain to ensure a greener tomorrow," said Mark Holly, President and CEO. "In 2023, we have continued to make further advancements in our ESG program with the creation of our Climate Action Plan, the integration of ESG goals into Crombie's business strategy, and the elevation of ESG leadership to Crombie's Executive Committee, with Arie Bitton, EVP
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CROMBIE REIT ANNOUNCES NOVEMBER 2023 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from November 1, 2023, to and including November 30, 2023. The distribution will be payable on December 15, 2023, to Unitholders of record as at November 30, 2023. About Crombie REIT Crombie invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at September 30, 2023, our portfolio contains 294 income-producing properties comprising approximately 18.7 million square feet, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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Crombie REIT Announces Third Quarter 2023 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its third quarter ended September 30, 2023. Management will host a conference call to discuss the results at 12:00 p.m. (EST), November 9, 2023. "The strength of our portfolio and our operational excellence delivered another consistent and solid quarter, including healthy same-asset property cash NOI and renewal growth," said Mark Holly, President and CEO. "We continue to remain focused on stability and growth. The team's dedication to our fundamentals, our financial condition, and the prudent allocation of capital allows us to advance near and long-term strategic initiatives." THIRD QUARTER SUMMARY (In thousands of Canadian dollars, except per Unit amounts and square feet and as otherwise noted) Operational Highlights Committed occupancy 96.4% and economic occupancy 96.0%; a 40 basis point decrease and a 20 basis point decrease, respectively, compared to the third quarter of 2022 Renewals of
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CROMBIE REIT ANNOUNCES OCTOBER 2023 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from October 1, 2023, to and including October 31, 2023. The distribution will be payable on November 15, 2023, to Unitholders of record as at October 31, 2023. About Crombie REIT Crombie invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at June 30, 2023, our portfolio contains 293 income-producing properties comprising approximately 18.6 million square feet, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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CROMBIE REIT Q3 FISCAL 2023 CONFERENCE CALL
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, November 9, 2023 beginning at 12:00 p.m. (EST) during which senior management will discuss Crombie's financial results for the third quarter ended September 30, 2023. The financial results will be released on Wednesday, November 8, 2023, after market close. Teleconference: Dial in numbers to join the conference call are: (416) 764-8688 <br />(888) 390-0546 To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/3PINWC6 to receive an instant automated call back. The call will be accessible for replay by dialing (416) 764-8677 or (888) 390-0541 and entering passcode 370472 #, until midnight, November 16, 2023. Webcast: A live audio webcast of the conference call will be accessible on Crombie's website at www.crombie.ca under Investors. The webcast will be available for replay on Crombie's website for 90 days
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CROMBIE REIT ANNOUNCES SEPTEMBER 2023 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from September 1, 2023, to and including September 30, 2023. The distribution will be payable on October 13, 2023, to Unitholders of record as at September 30, 2023. About Crombie REIT Crombie invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at June 30, 2023, our portfolio contains 293 income-producing properties comprising approximately 18.6 million square feet, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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CROMBIE REIT ANNOUNCES AUGUST 2023 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from August 1, 2023, to and including August 31, 2023. The distribution will be payable on September 15, 2023, to Unitholders of record as at August 31, 2023. About Crombie REIT Crombie invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at June 30, 2023, our portfolio contains 293 income-producing properties comprising approximately 18.6 million square feet, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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Crombie REIT Announces Second Quarter 2023 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its second quarter ended June 30, 2023. Management will host a conference call to discuss the results at 12:00 p.m. (EDT), August 10, 2023. "Crombie's stable portfolio delivered solid results this quarter, with strong occupancy and consistent, healthy same-asset NOI growth. We continue leveraging our strengths, creating value on a sustainable basis," said Mark Holly, President and CEO. "In the second quarter, we announced and broke ground on our major development, The Marlstone, advanced entitlements at key properties in highly-desirable markets, and Voilà CFC 3, our second industrial customer fulfillment centre, moved into economic occupancy in early June. We are also pleased to announce that we received validation and approval from the Science Based Targets initiative in support of our Climate Action Plan." SECOND QUARTER SUMMARY (In thousands of Canadian dollars, except per Unit amounts
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CROMBIE REIT ANNOUNCES JULY 2023 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from July 1, 2023, to and including July 31, 2023. The distribution will be payable on August 15, 2023, to unitholders of record as at July 31, 2023. About Crombie REIT Crombie invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at March 31, 2023, our portfolio contains 291 income-producing properties comprising approximately 18.6 million square feet, and a significant pipeline of future development projects. Learn more at www.crombie.ca . Media Contact Clinton Keay, CPA, CA <br />Chief Financial Officer and Secretary <br />902-755-8100 Ruth Martin,
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CROMBIE REIT Q2 FISCAL 2023 CONFERENCE CALL
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, August 10, 2023 beginning at 12:00 p.m. (EDT) during which senior management will discuss Crombie's financial results for the second quarter ended June 30, 2023. The financial results will be released on Wednesday, August 9, 2023, after market close. Teleconference: Dial in numbers to join the conference call are: (416) 764-8688 <br />(888) 390-0546 To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/3PaJVI2 to receive an instant automated call back. The call will be accessible for replay by dialing (416) 764-8677 or (888) 390-0541 and entering passcode 585088 #, until midnight, August 17, 2023. Webcast: A live audio webcast of the conference call will be accessible on Crombie's website at www.crombie.ca under Investors. The webcast will be available for replay on Crombie's website for 90 days following the
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CROMBIE REIT ANNOUNCES JUNE 2023 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from June 1, 2023, to and including June 30, 2023. The distribution will be payable on July 14, 2023, to unitholders of record as at June 30, 2023. About Crombie REIT Crombie invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at March 31, 2023, our portfolio contains 291 income-producing properties comprising approximately 18.6 million square feet, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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CROMBIE REIT ANNOUNCES MAY 2023 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from May 1, 2023, to and including May 31, 2023. The distribution will be payable on June 15, 2023, to unitholders of record as at May 31, 2023. About Crombie REIT Crombie invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at March 31, 2023, our portfolio contains 291 income-producing properties comprising approximately 18.6 million square feet, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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CROMBIE REIT ANNOUNCES VOTING RESULTS AND ELECTION OF TRUSTEES
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce the election of each of the nominees proposed for election at the annual general meeting of unitholders held on May 11, 2023. The vote was conducted by show of hands without a ballot. In compliance with TSX rules, following are the detailed proxy tabulations for the appointment of Trustees, with over 99% of the votes at the meeting being represented by proxy. Trustee Proxy tabulations <br /> For Withheld Paul V. Beesley 123,370,877 (97.64%) 2,985,787 (2.36%) Jane Craighead 126,004,165 (99.72%) 352,499 (0.28%) Mark Holly 125,999,430 (99.72%) 357,234 (0.29%) J. Michael Knowlton 124,844,123 (98.80%) 1,512,541 (1.20%) Jason P. Shannon 126,013,228 (99.73%) 343,436 (0.27%) Michael Waters 123,441,232 (97.69%) 2,915,432 (2.31%) Karen Weaver 122,857,052 (97.23%) 3,499,612 (2.77%) Voting results on additional resolutions were as follows: Resolution Proxy tabulations <br /> For Withheld Appointment of Auditors:
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Crombie REIT Announces First Quarter 2023 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its first quarter ended March 31, 2023. Management will host a conference call to discuss the results at 12:00 p.m. (EDT), May 11, 2023. "Our Q1 operating and financial results continue to demonstrate the stability and strength of our well-curated portfolio of grocery-anchored retail, industrial, and residential assets," said Mark Holly, President and CEO. "Our strong financial condition, further improved by our successful $200 million unsecured note issuance in March, positions us well to pursue growth-focused initiatives. Crombie is focused on unlocking the value embedded within our portfolio through Empire-related investments, the acceleration of entitlements, and our commitment to our next major development, The Marlstone, in Halifax, Nova Scotia." "Additionally, I am pleased to announce our enhanced focus on ESG and our newly formed Climate Action Plan. We are committed to achieving
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CROMBIE REIT ANNOUNCES APRIL 2023 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from April 1, 2023, to and including April 30, 2023. The distribution will be payable on May 15, 2023, to unitholders of record as at April 30, 2023. About Crombie REIT Crombie invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at December 31, 2022, our portfolio contains 289 income-producing properties comprising approximately 18.4 million square feet, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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CROMBIE REIT FISCAL 2022 ANNUAL GENERAL MEETING and Q1 FISCAL 2023 CONFERENCE CALL
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold its Annual General Meeting of Unitholders on Thursday, May 11, 2023 at Cineplex Cinemas, 612 East River Road, New Glasgow, Nova Scotia. The meeting is scheduled to begin at 10:00 a.m. (EDT). Webcast of AGM The Annual General Meeting will be broadcast via live audio webcast. The webcast may be accessed at www.crombie.ca . Time has been allotted at the end of the webcast for telephone questions. Call in numbers are: (416) 764-8659 <br />(888) 664-6392 To join the AGM call without operator assistance, you may register and enter your phone number at https://emportal.ink/3ZFRW9v to receive an instant automated call back. Replay will be available by dialing (416) 764-8677 or (888) 390-0541 and entering password 118361 #, until midnight, May 25, 2023, or on Crombie's website for 90 days after the meeting. Q1 Fiscal 2023 Conference Call Crombie will hold a conference call on Thursday, May 11, 2023 beginning at 12:00 p.m.
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CROMBIE REIT ANNOUNCES OFFERING OF $200 MILLION SERIES K UNSECURED NOTES
Crombie Real Estate Investment Trust ("Crombie" or the "REIT") (TSX: CRR.UN), announced today that it entered into an agreement to issue $200 million aggregate principal amount of Series K Senior Unsecured Notes maturing September 28, 2029 (the "Series K Notes"). The Series K Notes will bear interest at a rate of 5.244% per annum. The Series K Notes are being offered with a syndicate of agents, co-led by TD Securities Inc., Scotia Capital Inc., and BMO Nesbitt Burns Inc., and including CIBC World Markets Inc., National Bank Financial Inc., Desjardins Securities Inc., and RBC Dominion Securities Inc., to sell, on a best effort, private placement basis. Net proceeds from the Series K Notes offering will be used to repay the $150 million drawn on the unsecured non-revolving bank loan and certain indebtedness outstanding on Crombie's revolving credit facilities and for general trust purposes. The offering is expected to close on or about March 28, 2023 and is subject to customary closing
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CROMBIE REIT ANNOUNCES MARCH 2023 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from March 1, 2023, to and including March 31, 2023. The distribution will be payable on April 14, 2023, to unitholders of record as at March 31, 2023. About Crombie REIT Crombie invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at December 31, 2022, our portfolio contains 289 income-producing properties comprising approximately 18.4 million square feet, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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Crombie REIT Announces Retirement of Don Clow, Appointment of Mark Holly as President and Chief Executive Officer
Crombie Real Estate Investment Trust ("Crombie" or "the REIT") (TSX: CRR.UN) today announced that following a successful 13.5-year tenure as President and Chief Executive Officer ("CEO") of Crombie, Don Clow will retire as CEO on February 28, 2023. Concurrent with Mr. Clow's decision, the Board of Trustees of Crombie has appointed Mark Holly as President and CEO. Mr. Holly will assume his new role on March 1, 2023, and will also be appointed a Trustee of the REIT. "On behalf of the Board of Trustees, I would like to extend our sincere gratitude and appreciation to Don, who has transformed Crombie from a traditional grocery-anchored retail landlord into a strategic owner and developer of grocery-anchored retail, retail-related industrial, and mixed-use residential properties across Canada," says Michael Knowlton, Board Chair. "Under Don's leadership, total Unitholder returns over the last three, five and 10 years have been sector-leading. He leaves the REIT in a far stronger position
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Crombie REIT Announces Fourth Quarter and Year-End Results
Two major development completions, record committed occupancy, and prudent capital management drive annual results. Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its fourth quarter and year ended December 31, 2022. Management will host a conference call to discuss the results at 12:00 p.m. (EST), February 23, 2023. "Crombie continued its commitment in 2022 to maintaining a strong balance sheet, solid AFFO growth, prudent capital allocation, advancing our sustainability program, and continuously improving our award-winning culture," said Don Clow, President and CEO. "Our team delivered solid results driven by strong fundamentals and a focus on future growth initiatives. We continue to benefit from accretive investments with our strategic partner, Empire, and capitalize on opportunities within our robust development pipeline. We are particularly proud of two milestones achieved in the fourth quarter of 2022. Substantial completion was
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CROMBIE REIT ANNOUNCES FEBUARY 2023 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from February 1, 2023, to and including February 28, 2023. The distribution will be payable on March 15, 2023, to unitholders of record as at February 28, 2023. About Crombie REIT Crombie invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at September 30, 2022, our portfolio contains 290 income-producing properties comprising approximately 18.3 million square feet, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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CROMBIE REIT ANNOUNCES JANUARY 2023 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from January 1, 2023, to and including January 31, 2023. The distribution will be payable on February 15, 2023, to unitholders of record as at January 31, 2023. About Crombie REIT Crombie invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at September 30, 2022, our portfolio contains 290 income-producing properties comprising approximately 18.3 million square feet, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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CROMBIE REIT Q4 FISCAL 2022 CONFERENCE CALL
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, February 23, 2023 beginning at 12:00 p.m. (EST) during which senior management will discuss Crombie's financial results for the fourth quarter and year ended December 31, 2022. The financial results will be released on Wednesday, February 22, 2023, after market close. Teleconference: Dial in numbers to join the conference call are: (416) 764-8688 <br />(888) 390-0546 To join the conference call without operator assistance, you may register and enter your phone number at https://bit.ly/3QsLLT5 to receive an instant automated call back. The call will be accessible for replay by dialing (416) 764-8677 or (888) 390-0541 and entering passcode 489972 #, until midnight, March 2, 2023. Webcast: A live audio webcast of the conference call will be accessible on Crombie's website at www.crombie.ca under Investors. The webcast will be available for replay on Crombie's website for 90 days
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CROMBIE REIT ANNOUNCES DECEMBER 2022 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from December 1, 2022, to and including December 31, 2022. The distribution will be payable on January 13, 2023, to unitholders of record as at December 31, 2022. About Crombie REIT Crombie invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at September 30, 2022, our portfolio contains 290 income-producing properties comprising approximately 18.3 million square feet, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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Crombie REIT President & CEO, Don Clow, Named One of Canada’s Most Admired CEOs
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) President and CEO, Don Clow, has been named a recipient of the Canada's Most Admired CEO award by Waterstone Human Capital in the mid-market category. This award honours an esteemed group of Canadian CEOs who have achieved significant accomplishments in their career – specifically focusing on those individuals who have fostered a culture within their organization that enhances performance and sustains a competitive advantage. "In Don's 13 years at Crombie, he has led the organization's transformation from traditional grocery-anchored retail landlord to a strategic owner and developer of grocery-anchored retail, retail-related industrial, and mixed-use residential properties across Canada," says Michael Knowlton, Board Chair. "By inspiring trust and confidence, Don and his team have built a culture encouraging continuous learning and development, where sensible risk-taking is a strategic pillar." Crombie's culture is
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CROMBIE REIT ANNOUNCES NOVEMBER 2022 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust (" Crombie ") ( TSX : CRR .UN) today announced a distribution of $0.07417 per unit for the period from November 1, 2022, to and including November 30, 2022. The distribution will be payable on December 15, 2022, to unitholders of record as at November 30, 2022. About Crombie REIT Crombie invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at September 30, 2022, our portfolio contains 290 income-producing properties comprising approximately 18.3 million square feet, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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Crombie REIT Announces Third Quarter 2022 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its third quarter ended September 30, 2022. Management will host a conference call to discuss the results at 11:00 a.m. (EST), November 10, 2022. "Crombie's record occupancy and solid third quarter operational and financial performance is the result of steadfast focus on our long-term strategy in the face of significant external macroeconomic pressures," said Don Clow, President & CEO. "The overall quality of our portfolio has improved through intentional curation, investment in Empire-related initiatives, and several major development project completions. I am proud that we have advanced these key strategic priorities while at the same time prudently improving our balance sheet and responsibly allocating capital, which have resulted in notable deleveraging, ample liquidity and significant unencumbered assets." THIRD QUARTER SUMMARY (In thousands of Canadian dollars, except per unit amounts
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CROMBIE REIT ANNOUNCES OCTOBER 2022 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from October 1, 2022, to and including October 31, 2022. The distribution will be payable on November 15, 2022, to unitholders of record as at October 31, 2022. About Crombie REIT Crombie invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at June 30, 2022, our portfolio contains 294 income-producing properties comprising approximately 18.5 million square feet, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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CROMBIE REIT Q3 FISCAL 2022 CONFERENCE CALL
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, November 10, 2022 beginning at 11:00 a.m. (EST) during which senior management will discuss Crombie's financial results for the third quarter ended September 30, 2022. The financial results will be released on Wednesday, November 9, 2022, after market close. Dial in numbers to join the conference call are: (416) 764-8688 <br />(888) 390-0546 A live audio webcast of the conference call will be accessible on Crombie's website at www.crombie.ca under Investors. Replay will be available by dialing (416) 764-8677 or (888) 390-0541 and entering passcode 848660 #, until midnight, November 17, 2022, or on Crombie's website for 90 days following the conference call. About Crombie REIT Crombie invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's
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CROMBIE REIT ANNOUNCES APPOINTMENT OF HEIDI JAMIESON-MILLS TO BOARD OF TRUSTEES
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce Empire Company Limited's ("Empire") appointment of Heidi Jamieson-Mills to Crombie's Board of Trustees, effective September 22, 2022. Heidi is the Senior Vice President Finance, Reporting, and Treasury for Sobeys Inc. Heidi holds a Bachelor of Commerce degree from Dalhousie University and completed her Chartered Accountants professional designation in 2001. She began her professional career with Grant Thornton LLP as an Audit Senior and Taxation Manager and has been with Sobeys for over 15 years in several locations across Canada in progressively senior roles. In 2010, Heidi was named one of Atlantic Canada's Top 50 leaders under 35, and in 2020, named one of the Top 100 Most Powerful Women in Canada by the Women's Executive Network. A committed community leader, she has been actively involved with various organizations that enhance healthcare and health outcomes, and support victims of domestic
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CROMBIE REIT ANNOUNCES SEPTEMBER 2022 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from September 1, 2022, to and including September 30, 2022. The distribution will be payable on October 14, 2022, to unitholders of record as at September 30, 2022. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at June 30, 2022, our portfolio contains 294 income-producing properties comprising approximately 18.5 million square feet, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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CROMBIE REIT ANNOUNCES AUGUST 2022 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from August 1, 2022, to and including August 31, 2022. The distribution will be payable on September 15, 2022, to unitholders of record as at August 31, 2022. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at June 30, 2022, our portfolio contains 294 income-producing properties comprising approximately 18.5 million square feet, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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Crombie REIT Announces Second Quarter 2022 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its second quarter ended June 30, 2022. Management will host a conference call to discuss the results at 11:30 a.m. (EDT), August 11, 2022. "Crombie's strategy continues to deliver stability and growth despite the uncertainty and volatility of the global economy, geopolitics and the capital markets. Our grocery-anchored, retail-related industrial, and residential portfolio continues to deliver consistent operating and financial performance including strong occupancy and healthy renewal growth, enabled by one of the longest weighted average lease terms in the real estate industry. Crombie actively de-levered its balance sheet while maintaining strong liquidity which enables us to not only manage significant volatility but responsibly grow our business," said Don Clow, President and CEO. "Looking forward, Crombie is well positioned to advance our focused and balanced strategic priorities of
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CROMBIE REIT ANNOUNCES LEADERSHIP CHANGES
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced changes to its leadership structure to continue the Company's strategic focus on its real estate priorities. These changes will enable continued delivery of strong operating performance, investment in Empire-related initiatives, and the successful execution of Crombie's development program. As previously announced, Crombie's Executive Vice President ("EVP") and Chief Operating Officer Glenn Hynes is retiring on October 31, 2022. On September 1, Arie Bitton and Trevor Lee will be promoted into EVP roles, reporting to Don Clow, President and CEO. Arie will become the EVP Leasing and Operations, while Trevor will become the EVP Development and Construction. "Arie and Trevor have successfully led their teams through many changes over their time with Crombie, including the unprecedented pandemic period of the last two years," says Don Clow, President and CEO. "Their strong leadership skills and commitment to
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CROMBIE REIT ANNOUNCES JULY 2022 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from July 1, 2022, to and including July 31, 2022. The distribution will be payable on August 15, 2022, to unitholders of record as at July 31, 2022. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at March 31, 2022, our portfolio contains 294 income-producing properties comprising approximately 18.5 million square feet, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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CROMBIE REIT Q2 FISCAL 2022 CONFERENCE CALL
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, August 11, 2022 beginning at 11:30 a.m. (EDT) during which senior management will discuss Crombie's financial results for the second quarter ended June 30, 2022. The financial results will be released on Wednesday, August 10, 2022, after market close. Dial in numbers to join the conference call are: (416) 764-8688 <br />(888) 390-0546 A live audio webcast of the conference call will be accessible on Crombie's website at www.crombie.ca under Investors. Replay will be available by dialing (416) 764-8677 or (888) 390-0541 and entering passcode 847382 #, until midnight, August 18, 2022, or on Crombie's website for 90 days following the conference call. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of
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CROMBIE REIT ANNOUNCES PUBLICATION OF ITS SECOND ANNUAL SUSTAINABILITY REPORT
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today the publication of its 2021 Sustainability Report at www.crombie.ca . This report provides an update on Crombie's sustainability initiatives and long-term strategies. Crombie is committed to measuring baseline performance through the use of industry-leading software and will hold itself accountable by submitting to GRESB on an annual basis. The report highlights commitments that reflect its long-standing values. "We are pleased to publish our 2021 Sustainability Report. At Crombie, we strive to improve communities for the benefit of future generations, not just our own. We know that our investments today must enable a better tomorrow, and our goal is to create value by developing and operating properties in a way that enhances local communities and protects the environment." said Don Clow, President and CEO. "In 2021, we brought new focus and energy to our sustainability program and advanced a number of
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CROMBIE REIT ANNOUNCES JUNE 2022 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from June 1, 2022, to and including June 30, 2022. The distribution will be payable on July 15, 2022, to unitholders of record as at June 30, 2022. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets As at March 31, 2022, our portfolio contains 294 income-producing properties comprising approximately 18.5 million square feet, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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CROMBIE REIT ANNOUNCES RETIREMENT OF GLENN HYNES, EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced the retirement of Executive Vice President & Chief Operating Officer Glenn Hynes, effective October 31, 2022. Glenn Hynes joined Crombie REIT in 2010 as Chief Financial Officer & Secretary and in 2018 became Executive Vice President & Chief Operating Officer. "Glenn has made incredible contributions to Crombie," said Crombie President & CEO Don Clow. "Glenn has been a highly valued and respected leader on our team since 2010. In his early days as CFO, Glenn built the strong financial conditions that enabled us to pivot our strategy which has resulted in our pursuit of best-in-class AFFO and NAV growth. In his most recent years as EVP & COO, Glenn led the construction, development, leasing and operations functions which among many accomplishments led the successful completion of our first six major development projects and important work in advancing our strategic partnership with Empire.
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CROMBIE REIT ANNOUNCES VOTING RESULTS AND ELECTION OF TRUSTEES
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce the election of each of the nominees proposed for election at the annual general meeting of unitholders held on May 12, 2022. The vote was conducted by ballot through the facilities of the webcast. In compliance with TSX rules, following are the detailed proxy tabulations for the appointment of Trustees, with 100% of the votes at the meeting being represented by proxy. Trustee Proxy tabulations <br /> For Withheld Paul V. Beesley 122,798,530 (99.42%) 721,371 (0.58%) Donald E. Clow 123,385,661 (99.89%) 134,240 (0.11%) J. Michael Knowlton 122,459,668 (99.14%) 1,060,233 (0.86%) Barbara Palk 119,415,506 (96.68%) 4,104,395 (3.32%) Jason P. Shannon 123,381,950 (99.89%) 137,951 (0.11%) Michael Waters 123,458,740 (99.95%) 61,161 (0.05%) Karen Weaver 120,959,111 (97.93%) 2,560,790 (2.07%) <br />Voting results on additional resolutions were as follows: Resolution Proxy tabulations <br /> For Withheld
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CROMBIE REIT ANNOUNCES MAY 2022 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust (" Crombie ") ( TSX : CRR .UN) today announced a distribution of $0.07417 per unit for the period from May 1, 2022, to and including May 31, 2022. The distribution will be payable on June 15, 2022, to unitholders of record as at May 31, 2022. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets As at March 31, 2022, our portfolio contains 294 income-producing properties comprising approximately 18.5 million square feet, and a significant pipeline of future development projects. Learn more at www.crombie.ca . SOURCE Crombie REIT
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Crombie REIT Announces First Quarter 2022 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its first quarter ended March 31, 2022. Management will host a conference call to discuss the results at 12:00 p.m. (EDT), May 12, 2022. "Crombie's high-quality and primarily grocery-anchored portfolio continued to demonstrate strength in the first quarter of 2022, delivering solid operating and financial performance," said Don Clow, President & CEO. "Crombie committed to a best-in-class AFFO and NAV growth strategy six years ago, focused on an increased investment in Empire-related initiatives and our real estate development program. Our strategy includes new investments in strategic and complementary retail-related industrial and mixed-use residential properties in Canada's largest markets. Our 481 unit Bronte Village luxury residential rental project, in Oakville, achieved substantial completion in early 2022, the last of our first six major developments which were delivered on time
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CROMBIE REIT ANNOUNCES APRIL 2022 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from April 1, 2022, to and including April 30, 2022. The distribution will be payable on May 13, 2022, to unitholders of record as at April 30, 2022. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at December 31, 2021, our portfolio contains 284 income-producing properties comprising approximately 17.9 million square feet, and a significant pipeline of future development projects. Learn more at www.crombiereit.com . SOURCE Crombie REIT
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CROMBIE REIT FISCAL 2021 ANNUAL GENERAL MEETING AND Q1 FISCAL 2022 CONFERENCE CALL
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold its virtual Annual General Meeting of Unitholders on Thursday, May 12, 2022. The virtual meeting is scheduled to begin at 10:00 a.m. (EDT). "Non-objecting" non-registered (or beneficial) holders and proxy appointees (including "Objecting" beneficial unitholders who have duly completed the required procedures to appoint themselves as proxyholder) have the opportunity to attend the Meeting, ask questions and vote, all in real time, provided they are connected to the internet and comply with all of the requirements set out in the Circular. "Objecting" non-registered (or beneficial) unitholders who have not duly appointed themselves as proxyholder will be able to attend the Meeting as guests, but guests will not be able to vote or ask questions at the Meeting. The Circular can be accessed on Crombie's website at www.crombie.ca under Investors or under Crombie's profile at www.sedar.com and provides additional
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CROMBIE REIT ANNOUNCES MARCH 2022 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from March 1, 2022, to and including March 31, 2022. The distribution will be payable on April 14, 2022, to unitholders of record as at March 31, 2022. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owner, operator, and developer of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at December 31, 2021, our portfolio contains 284 income-producing properties comprising approximately 17.9 million square feet, and a significant pipeline of future development projects. Learn more at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT Announces Fourth Quarter and Year-End Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its fourth quarter and year ended December 31, 2021. Management will host a conference call to discuss the results at 12:00 p.m. (EST), February 24, 2022. "I am incredibly proud of Crombie's achievements during the fourth quarter and throughout 2021. Very strong fundamentals drove solid operational and financial performance, while our capital allocation to Empire-related investments and development activities generated solid fair value and AFFO growth in 2021," said Don Clow, President and CEO. "We enhanced our portfolio quality, which is becoming increasingly urban and diversified, through the addition of urban residential assets to our primarily grocery-anchored and retail-related industrial portfolio. Crombie continued to improve its financial condition with ample liquidity of over $500 million, an increase of our unencumbered assets to $1.8 billion and a lower cost of capital. All of these
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CROMBIE REIT ANNOUNCES FEBRUARY 2022 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from February 1, 2022, to and including February 28, 2022. The distribution will be payable on March 15, 2022, to unitholders of record as at February 28, 2022. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owner, operator, and developer of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in Canada's top urban and suburban markets. As at September 30, 2021, our portfolio contains 287 income-producing properties comprising approximately 18.2 million square feet, and a significant pipeline of future development projects. Learn more at www.crombiereit.com . SOURCE Crombie REIT
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CROMBIE REIT ANNOUNCES CLOSING OF $200 MILLION EQUITY FINANCING
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ Crombie Real Estate Investment Trust ("Crombie" or the "REIT") (TSX: CRR.UN) announced today that it has closed its previously announced offering, on a bought-deal basis, of $117 million of trust units (the "Units") at a price of $17.45 per Unit to a syndicate of underwriters co-led by Scotiabank and BMO Capital Markets. In addition, ECL Developments Limited ("ECL"), a wholly-owned subsidiary of Empire Company Limited ("Empire"), has purchased, on a private placement basis, approximately $83 million of Class B LP Units of Crombie Limited Partnership ("Class B LP Unit"), together with the attached special voting units of Crombie, at a price of $17.45 per Class B LP Unit. Each Class B LP Unit is exchangeable for one Unit of Crombie at the option of the holder. Upon exchange of a Class B LP Unit, the associated special voting unit is cancelled. After the closing of the public offering and the
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CROMBIE REIT Q4 FISCAL 2021 CONFERENCE CALL
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, February 24, 2022 beginning at 12:00 p.m. (EST) during which senior management will discuss Crombie's financial results for the fourth quarter and year ended December 31, 2021. The financial results will be released on Wednesday, February 23, 2022, after market close. Dial in numbers to join the conference call are: (416) 764-8688 <br />(888) 390-0546 A live audio webcast of the conference call will be accessible on Crombie's website at www.crombiereit.com under Investors. Replay will be available by dialing (416) 764-8677 or (888) 390-0541 and entering passcode 464825 #, until midnight, March 3, 2022, or on Crombie's website for 90 days following the conference call. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") invests in quality real estate that enhances local communities and is adaptable to long-term growth. As one of the country's leading national retail
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Crombie REIT Announces $200 Million Equity Financing
January 20, 2022 CROMBIE REIT ANNOUNCES $200 MILLION EQUITY FINANCING NEW GLASGOW, NS – Crombie Real Estate Investment Trust (“Crombie” or the “REIT”) (TSX: CRR.UN) announced today that it has entered into an agreement to sell, subject to regulatory approval and on a bought-deal basis, $117 million of trust units (the “Units”) at a price of $17.45 per Unit to a syndicate of underwriters led by Scotiabank and BMO Capital Markets (the “Equity Offering”). Closing is expected to occur on or about January 31, 2022, subject to receipt of the Toronto Stock Exchange and other necessary regulatory approvals. In addition, ECL Developments Limited, a wholly-owned subsidiary of Empire Company Limited (“Empire”), will purchase approximately $83 million of Class B LP Units of Crombie Limited Partnership and the associated special voting units of Crombie on a private placement basis on the same terms in satisfaction of its pre-emptive right with respect to the Equity Offering (together with the
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CROMBIE REIT ANNOUNCES JANUARY 2022 MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from January 1, 2022, to and including January 31, 2022. The distribution will be payable on February 15, 2022, to unitholders of record as at January 31, 2022. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") invests in quality real estate that enhances local communities and is adaptable to long-term growth. As one of the country's leading national retail property landlords, Crombie's portfolio includes grocery-anchored retail, shopping centres, retail-related industrial, and mixed-use developments in Canada's top urban and suburban markets. Crombie is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Learn more at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT Announces December 2021 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from December 1, 2021, to and including December 31, 2021. The distribution will be payable on January 14, 2022, to unitholders of record as at December 31, 2021. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") invests in quality real estate that enhances local communities and is adaptable to long-term growth. As one of the country's leading national retail property landlords, Crombie's portfolio includes grocery-anchored retail, shopping centres, retail-related industrial, and mixed-use developments in Canada's top urban and suburban markets. Crombie is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Learn more at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT Announces November 2021 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from November 1, 2021, to and including November 30, 2021. The distribution will be payable on December 15, 2021, to unitholders of record as at November 30, 2021. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") invests in quality real estate that enhances local communities and is adaptable to long-term growth. As one of the country's leading national retail property landlords, Crombie's portfolio includes grocery-anchored retail, shopping centres, retail-related industrial, and mixed-use developments in Canada's top urban and suburban markets. Crombie is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Learn more at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT Announces Third Quarter 2021 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its third quarter ended September 30, 2021. Management will host a conference call to discuss the results at 12:00 p.m. (EST), November 10, 2021. "Crombie's steadfast commitment to our long-term strategy resulted in strong third quarter results," said Don Clow, President & CEO. "Our focus on growing and optimizing our grocery-anchored, residential and retail related-industrial portfolio, investing consistently at scale in Empire initiatives and developments while continuously improving our balance sheet and financial condition produced positive outcomes. We were pleased to see continued growth in NAV and AFFO enabled by strong fundamentals including solid same-asset NOI and record occupancy. We have significantly de-risked our business by materially increasing liquidity and the weighted average term to maturity of our debt, as well as leveraging multiple sources of capital to support
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Crombie REIT Announces $98.2 Million Property Disposition
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it has entered into an agreement to sell a 50% non-managing interest in its Pointe-Claire, QC Customer Fulfilment Centre, to Nexus REIT ("Nexus") for a total purchase price of $98.2 million, including the purchaser's assumption of $61.5 million mortgage financing related to the property. Due diligence conditions have been waived for Crombie to enter into a joint operation with a subsidiary of Nexus and closing is scheduled to occur in December 2021. Crombie will continue to manage the property via a property management agreement with Empire Company Limited ("Empire"), who will operate their Quebec Voilà par IGA e-commerce platform out of this facility. "We are pleased with this transaction as it speaks to the quality of our retail-related industrial portfolio and our attractiveness as a partner in completing joint arrangements where Crombie retains both an ownership interest and ongoing property
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Crombie REIT Announces October 2021 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from October 1, 2021, to and including October 31, 2021. The distribution will be payable on November 15, 2021, to unitholders of record as at October 31, 2021. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") invests in quality real estate that enhances local communities and is adaptable to long-term growth. As one of the country's leading national retail property landlords, Crombie's portfolio includes grocery-anchored retail, shopping centres, retail-related industrial, and mixed-use developments in Canada's top urban and suburban markets. Crombie is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Learn more at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT Q3 Fiscal 2021 Conference Call
Crombie Real Estate Investment Trust (" Crombie ") ( TSX : CRR .UN) will hold a conference call on Wednesday, November 10, 2021 beginning at 12:00 p . m . (EST) during which senior management will discuss Crombie's financial results for the third quarter ended September 30, 2021. The financial results will be released on Tuesday, November 9, 2021, after market close. Dial in numbers to join the conference call are: (416) 764-8688 <br />(888) 390-0546 A live audio webcast of the conference call will be accessible on Crombie's website at www.crombiereit.com under Investors. Replay will be available by dialing (416) 764-8677 or (888) 390-0541 and entering passcode 618161 #, until midnight, November 17, 2021, or on Crombie's website for 90 days following the conference call. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") invests in quality real estate that enhances local communities and is adaptable to long-term growth. As one of the country's leading national retail
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Crombie REIT Announces September 2021 Monthly Distribution and Amendment to Distribution Reinvestment Plan
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from September 1, 2021, to and including September 30, 2021. The distribution will be payable on October 15, 2021, to unitholders of record as at September 30, 2021. As previously announced, Crombie recently amended its Distribution Reinvestment Plan ("DRIP") to reinstate the discount that previously applied to reinvestments under the DRIP, such that any future units issued under the DRIP will be issued at a price equal to 97% of the volume-weighted average trading price of the units on the Toronto Stock Exchange for the five trading days immediately preceding the relevant distribution payment date. The DRIP enables Canadian resident unitholders to automatically reinvest cash distributions paid on their Crombie units in additional Crombie units. Crombie unitholders who wish to amend or alter their participation in the DRIP should make arrangements with
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Crombie REIT Announces August 2021 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from August 1, 2021, to and including August 31, 2021. The distribution will be payable on September 15, 2021, to unitholders of record as at August 31, 2021. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") invests in quality real estate that enhances local communities and is adaptable to long-term growth. As one of the country's leading national retail property landlords, Crombie's portfolio includes grocery-anchored retail, shopping centres, retail-related industrial, and mixed-use developments in Canada's top urban and suburban markets. Crombie is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Learn more at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT Announces Offering of $150 Million Series J Unsecured Notes
Crombie Real Estate Investment Trust ("Crombie" or the "REIT") (TSX: CRR.UN), announced today that it entered into an agreement to issue $150 million aggregate principal amount of Series J Senior Unsecured Notes maturing August 12, 2031 (the "Series J Notes"). The Series J Notes will bear interest at a rate of 3.133% per annum. The Series J Notes are being offered with a syndicate of agents, co-led by CIBC World Markets Inc., Scotia Capital Inc., and TD Securities Inc., and including BMO Nesbitt Burns Inc., National Bank Financial Inc., Desjardins Securities Inc., and RBC Dominion Securities Inc., to sell, on a best effort, private placement basis. Net proceeds from the Series J Notes offering will be used to repay certain indebtedness outstanding under the REIT's credit facilities and for general trust purposes. The offering is expected to close on or about August 12, 2021 and are subject to customary closing conditions, including receipt of necessary consents and approvals and the
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Crombie REIT Announces Second Quarter 2021 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its second quarter ended June 30, 2021. Management will host a conference call to discuss the results at 12:00 p.m. (EST), August 5, 2021. "Strong market interest in grocery-anchored properties drove cap rate compression and created significant fair value growth for Crombie in the quarter," said Don Clow, President and CEO. "The stability and growth of our portfolio continues to be evident in our solid operating results, improved financial position, and robust development pipeline. Our strategy of investing primarily in Empire-related initiatives and major developments in Canada's major urban markets has required focus and patience so we are pleased with our progress and early financial results achieved. Lastly, our development momentum continued with the acquisition and development commencement of a 25-acre site in Calgary, Alberta, which will be the location of Empire's third customer
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Crombie REIT Announces July 2021 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from July 1, 2021, to and including July 31, 2021. The distribution will be payable on August 13, 2021, to unitholders of record as at July 31, 2021. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") invests in quality real estate that enhances local communities and is adaptable to long-term growth. As one of the country's leading national retail property landlords, Crombie's portfolio includes grocery-anchored retail, shopping centres, retail-related industrial, and mixed-use developments in Canada's top urban and suburban markets. Crombie is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Learn more at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT Q2 Fiscal 2021 Conference Call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, August 5, 2021 beginning at 12:00 p.m. (EDT) during which senior management will discuss Crombie's financial results for the second quarter ended June 30, 2021. The financial results will be released on Wednesday, August 4, 2021, after market close. Dial in numbers to join the conference call are: (416) 764-8688 <br />(888) 390-0546 A live audio webcast of the conference call will be accessible on Crombie's website at www.crombiereit.com under Investors. Replay will be available by dialing (416) 764-8677 or (888) 390-0541 and entering passcode 896386 #, until midnight, August 12, 2021, or on Crombie's website for 90 days following the conference call. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") invests in quality real estate that enhances local communities and is adaptable to long-term growth. As one of the country's leading national retail property
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Crombie REIT Announces Publication of its Inaugural Sustainability Report
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today the publication of its inaugural Sustainability Report at www.crombiereit.com . This report provides an update on Crombie's sustainability initiatives and long-term strategies. Crombie is committed to measuring baseline performance through the submission to GRESB and is publishing this report to highlight commitments that reflect its long-standing values. "We are proud to introduce our inaugural 2020 Sustainability Report. Guided by the value we place on community, Crombie has been embedding environmental, social, and governance principles into our culture since inception. These values and practices have shaped and strengthened our sustainability commitments," said Don Clow, President and CEO. "We are excited to share our journey and to further implement the necessary policies, procedures, infrastructure, and reporting measures to continuously improve our sustainability performance." Select highlights from
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Crombie REIT Announces June 2021 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from June 1, 2021, to and including June 30, 2021. The distribution will be payable on July 15, 2021, to unitholders of record as at June 30, 2021. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") invests in quality real estate that enhances local communities and is adaptable to long-term growth. As one of the country's leading national retail property landlords, Crombie's portfolio includes grocery-anchored retail, shopping centres, retail-related industrial, and mixed-use developments in Canada's top urban and suburban markets. Crombie is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Learn more at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT Announces Closing of $100 Million Equity Financing
Crombie Real Estate Investment Trust ("Crombie" or the "REIT") (TSX: CRR.UN) announced today that it has closed its previously announced offering, on a bought deal basis, of $58.5 million of trust units (the "Units") at a price of $16.60 per Unit to a syndicate of underwriters co-led by Scotiabank and BMO Capital Markets. In addition, ECL Developments Limited ("ECL"), a wholly-owned subsidiary of Empire Company Limited, has purchased, on a private placement basis, $41.5 million of Class B LP Units of Crombie Limited Partnership ("Class B LP Unit"), together with the attached Special Voting Units of Crombie, at a price of $16.60 per Class B LP Unit. Each Class B LP Unit is exchangeable for one Unit of Crombie at the option of the holder. Upon exchange of a Class B LP Unit, the associated Special Voting Unit is cancelled. After the closing of the public offering and the private placement, Empire Company Limited continues to hold a 41.5% economic and voting interest in Crombie. The REIT
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Crombie REIT Announces May 2021 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from May 1, 2021, to and including May 31, 2021. The distribution will be payable on June 15, 2021, to unitholders of record as at May 31, 2021. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") invests in quality real estate that enhances local communities and is adaptable to long-term growth. As one of the country's leading national retail property landlords, Crombie's portfolio includes grocery-anchored retail, shopping centres, retail-related industrial, and mixed-use developments in Canada's top urban and suburban markets. Crombie is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Learn more at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT Announces $100 Million Equity Financing
NEW GLASGOW, NS – Crombie Real Estate Investment Trust (“Crombie” or the “REIT”) (TSX: CRR.UN) announced today that it has entered into an agreement to sell, subject to regulatory approval and on a bought-deal basis, $58.5 million of trust units (the “Units”) at a price of $16.60 per Unit to a syndicate of underwriters co-led by Scotiabank and BMO Capital Markets. Closing is expected to occur on or about May 19, 2021, subject to receipt of the Toronto Stock Exchange and other necessary regulatory approvals. In addition, ECL Developments Limited (“ECL”), a wholly-owned subsidiary of Empire Company Limited, will purchase approximately $41.5 million of Class B LP Units of Crombie Limited Partnership and the associated special voting units of Crombie on a private placement basis on the same terms in satisfaction of its pre- emptive right with respect to the offering. The REIT intends to use the net proceeds from both the offering and the concurrent purchase by ECL to
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Crombie REIT Announces Voting Results and Election of Trustees
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce the election of each of the nominees proposed for election at the annual general and special meeting of unitholders held on May 6, 2021. The vote was conducted by ballot through the facilities of the webcast. In compliance with TSX rules, following are the detailed proxy tabulations for the appointment of Trustees, with over 99% of the votes at the meeting being represented by proxy. Trustee Proxy tabulations <br /> For Withheld Paul V. Beesley 105,269,612 (99.24%) 807,224 (0.76%) Donald E. Clow 105,965,310 (99.89%) 111,526 (0.11%) John C. Eby 101,834,305 (96.00%) 4,242,531 (4.00%) J. Michael Knowlton 105,817,370 (99.76%) 259,466 (0.24%) Barbara Palk 105,894,209 (99.83%) 182,627 (0.17%) Jason P. Shannon 105,949,869 (99.88%) 126,967 (0.12%) Karen Weaver 105,482,025 (99.44%) 594,811 (0.56%) Voting results on additional resolutions were as follows: Resolution Proxy tabulations <br /> For Withheld
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Crombie REIT Announces First Quarter 2021 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its first quarter ended March 31, 2021. Management will host a conference call to discuss the results at 11:30 a.m. (EST), May 6, 2021. "Despite the challenging environment of the third wave of COVID-19, Crombie continues to display extraordinary stability and achieve sustainable growth," said Don Clow, President and CEO. "I am grateful for the health of our team and the empathy and support they have demonstrated to our tenants and communities. Our real estate fundamentals and financial performance are strong, our balance sheet is solid and improving, and our net asset value (NAV) creation is increasing with the completion of our major developments including our first mixed-use development, Zephyr, at Davie Street in Vancouver and our investments in Empire's competitiveness." FIRST QUARTER SUMMARY (In thousands of CAD dollars, except per unit amounts and as otherwise noted) Operational
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Crombie REIT Announces April 2021 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from April 1, 2021, to and including April 30, 2021. The distribution will be payable on May 14, 2021, to unitholders of record as at April 30, 2021. About Crombie REIT Crombie Real Estate Trust ("Crombie") invests in quality real estate that enhances local communities and is adaptable to long-term growth. As one of the country's leading national retail property landlords, Crombie's portfolio includes grocery-anchored retail, shopping centres, retail-related industrial, and mixed-use developments in Canada's top urban and suburban markets. Crombie is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Learn more at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT Fiscal 2020 Annual General and Special Meeting and Q1 Fiscal 2021 Conference Call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold its virtual Annual General and Special Meeting of Unitholders on Thursday, May 6, 2021. The virtual meeting is scheduled to begin at 10:00 a.m. (EDT). "Non-objecting" non-registered (or beneficial) holders and proxy appointees have the opportunity to attend the Meeting, ask questions and vote, all in real time, provided they are connected to the internet and comply with all of the requirements set out in the Circular. "Objecting" non-registered (or beneficial) shareholders who have not duly appointed themselves as proxyholder will be able to attend the Meeting as guests, but guests will not be able to vote or ask questions at the Meeting. The Circular can be accessed on Crombie's website at www.crombiereit.com under Investors or www.sedar.com and provides additional information on how to attend and vote at the Meeting, including how "Objecting" beneficial shareholders may duly appoint themselves as proxyholder.
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Crombie REIT Announces March 2021 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from March 1, 2021, to and including March 31, 2021. The distribution will be payable on April 15, 2021, to unitholders of record as at March 31, 2021. About Crombie REIT Crombie Real Estate Trust ("Crombie") invests in quality real estate that enhances local communities and is adaptable to long-term growth. As one of the country's leading national retail property landlords, Crombie's portfolio includes grocery-anchored retail, shopping centres, retail-related industrial, and mixed-use developments in Canada's top urban and suburban markets. Crombie is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Learn more at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT Announces Fourth Quarter and Year-End Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its fourth quarter ended December 31, 2020. Management will host a conference call to discuss the results at 12:00 p.m. (EST), February 25, 2021. "Crombie's strong commitment to its long-term strategy of delivering stability, sustainability, and growth remained fully intact despite the global uncertainty of 2020," said Don Clow, President and CEO. "I want to say thank you to our Crombie team and joint venture partners as they are showing remarkable resilience in the face of unprecedented disruption, and working very hard to ensure the safety and well-being of employees, tenants, and visitors, while remaining committed to maintaining Crombie's strong financial condition and results. Our grocery-anchored portfolio stood up to 2020's unique challenges, and solid milestones were achieved on our major mixed-use developments as they remained on track and on budget. While the world is not
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Crombie REIT announces February 2021 monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from February 1, 2021, to and including February 28, 2021. The distribution will be payable on March 15, 2021, to unitholders of record as at February 28, 2021. About Crombie REIT Crombie Real Estate Trust ("Crombie") invests in quality real estate that enhances local communities and is adaptable to long-term growth. As one of the country's leading national retail property landlords, Crombie's portfolio includes grocery-anchored retail, shopping centres, retail-related industrial, and mixed-use developments in Canada's top urban and suburban markets. Crombie is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Learn more at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT Q4 Fiscal 2020 Conference Call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, February 25, 2021, beginning at 12:00 p.m. (EST) during which senior management will discuss Crombie's financial results for the fourth quarter and year ended December 31, 2020. The financial results will be released on Wednesday, February 24, 2021, after market close. Dial in numbers to join the conference call are: (416) 764-8688 <br />(888) 390-0546 A live audio webcast of the conference call will be accessible on Crombie's website at www.crombiereit.com under Investors. Replay will be available by dialing (416) 764-8677 or (888) 390-0541 and entering passcode 855314 #, until midnight, March 4, 2021, or on Crombie's website for 90 days following the conference call. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one
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Crombie REIT Announces January 2021 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from January 1, 2021, to and including January 31, 2021. The distribution will be payable on February 15, 2021, to unitholders of record as at January 31, 2021. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high-quality grocery- and pharmacy-anchored shopping centres, freestanding stores and mixed-use developments, primarily in Canada's top urban and suburban markets. More information about Crombie can be found at http://www.crombiereit.com/ . SOURCE Crombie REIT
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Crombie REIT Announces December 2020 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from December 1, 2020, to and including December 31, 2020. The distribution will be payable on January 15, 2021, to unitholders of record as at December 31, 2020. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high-quality grocery- and pharmacy-anchored shopping centres, freestanding stores and mixed-use developments, primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT Announces November 2020 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from November 1, 2020, to and including November 30, 2020. The distribution will be payable on December 15, 2020, to unitholders of record as at November 30, 2020. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high-quality grocery- and pharmacy-anchored shopping centres, freestanding stores and mixed-use developments, primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT Announces Third Quarter 2020 Results and COVID-19 Update
Third Quarter Summary (In thousands of CAD dollars, except per unit amounts and as otherwise noted) Property revenue of $92,920 Operating income of $19,734 Debt to gross book value - fair value of 49.8% Available liquidity of $370,885 Same-asset property cash NOI decline of 3.4% (SANOI was +2.2% normalizing for COVID-19 impacts) Renewals of 172,000 square feet at rents 3.9% above expiring rates Committed occupancy of 95.3% Q3 rent collected 95%; October 96% Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its third quarter ended September 30, 2020. Management will host a conference call to discuss the results at 11:30 a.m. (EST), November 13, 2020. "As we navigate through these uncharted times, Crombie continues to focus on the stability and growth of our portfolio for our many stakeholders," said Don Clow, President and CEO. "We are committed to delivering value through advancing our long-term strategy. Crombie's grocery-anchored
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Crombie REIT Announces October 2020 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from October 1, 2020, to and including October 31, 2020. The distribution will be payable on November 13, 2020, to unitholders of record as at October 31, 2020. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high-quality grocery- and pharmacy-anchored shopping centres, freestanding stores and mixed-use developments, primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT Media Contact: Clinton Keay, CPA, CA, Chief Financial Officer and Secretary,
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Crombie REIT Q3 Fiscal 2020 Conference Call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Friday, November 13, 2020, beginning at 11:30 a.m. (EDT) during which senior management will discuss Crombie's financial results for the third quarter ended September 30, 2020. The financial results will be released on Thursday, November 12, 2020, after market close. Dial in numbers to join the conference call are: (416) 764-8688 <br />(888) 390-0561 A live audio webcast of the conference call will be accessible on Crombie's website at www.crombiereit.com under Investors. Replay will be available by dialing (416) 764-8677 or (888) 390-0541 and entering passcode 467641 #, until midnight, November 20, 2020, or on Crombie's website for 90 days following the conference call. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the
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Crombie REIT Announces Partial Redemption of Series B Unsecured Notes
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN), announced today that pursuant to the trust indenture governing its 3.962% Series B Senior Unsecured Notes due June 1, 2021 (the "Series B Notes"), it has issued a notice of partial redemption to the registered holders of its Series B Notes for $100 million. The $100 million aggregate principal amount of these Notes will be redeemed on October 21, 2020 (the "Redemption Date") following the closing of the $150 million 2.686% Series H Senior Unsecured Notes and the $150 million 3.211% Series I Senior Unsecured Notes offerings announced yesterday. The calculation of the partial redemption price of the Series B Notes is set out in the trust indenture, as supplemented, and is to be the greater of the Canada Yield Price and $100 million of the aggregate principal amount of the Series B Notes, together in each case with accrued and unpaid interest to the Redemption Date. The Canada Yield Price
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Crombie REIT Announces Offerings of $150 Million Series H Unsecured Notes and $150 Million Series I Unsecured Notes
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN), announced today that it entered into an agreement to issue $150 million aggregate principal amount of Series H Senior Unsecured Notes maturing March 31, 2028 (the "Series H Notes"). The Series H Notes will bear interest at a rate of 2.686% per annum. Additionally, Crombie has entered into an agreement to issue $150 million aggregate principal amount of Series I Senior Unsecured Notes maturating October 9, 2030 (the "Series I Notes"). The Series I Notes will bear interest at a rate of 3.211% per annum. The Series H Notes and the Series I Notes (together the "Notes") are being offered with a syndicate of agents, co-led by Scotia Capital Inc., BMO Nesbitt Burns Inc., and National Bank Financial Inc., and including CIBC World Markets Inc., RBC Dominion Securities Inc., TD Securities Inc., and Desjardins Securities Inc., to sell, on a best effort, private placement basis. Net
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Crombie REIT Announces September 2020 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from September 1, 2020, to and including September 30, 2020. The distribution will be payable on October 15, 2020, to unitholders of record as at September 30, 2020. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high-quality grocery- and pharmacy-anchored shopping centres, freestanding stores and mixed-use developments, primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT Media Contact, Clinton Keay, CPA, CA, Chief Financial Officer and
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Crombie REIT announces August 2020 monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from August 1, 2020, to and including August 31, 2020. The distribution will be payable on September 15, 2020, to unitholders of record as at August 31, 2020. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high-quality grocery- and pharmacy-anchored shopping centres, freestanding stores and mixed-use developments, primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT Media Contact : Clinton Keay, CPA, CA, Chief Financial Officer and Secretary,
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Crombie REIT Announces Second Quarter 2020 Results and COVID-19 Update
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its second quarter ended June 30, 2020. Management will host a conference call to discuss the results at 12:00 p.m. (EDT), August 6, 2020. "The past few months have created unprecedented disruption in our society. From the way we greet each other, to the way we live, work, shop, and play, our lives look very different now than they did just five short months ago," said Don Clow, President and CEO of Crombie. "The resilience and agility of the Crombie team and the strength of our grocery-anchored, needs based portfolio is clear as we play a critical role in delivering the essential services Canadian consumers rely upon through the COVID-19 pandemic. Our team is working proactively to protect employees, customers and tenants, through enhanced health and safety measures and rental assistance to support those tenants negatively impacted by the pandemic.
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Crombie REIT Announces July 2020 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from July 1, 2020, to and including July 31, 2020. The distribution will be payable on August 14, 2020, to unitholders of record as at July 31, 2020. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high-quality grocery- and pharmacy-anchored shopping centres, freestanding stores and mixed-use developments, primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT Media Contact: Clinton Keay, CPA, CA, Chief Financial Officer and Secretary, 902-755-8100
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Crombie REIT Q2 Fiscal 2020 Conference Call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, August 6, 2020, beginning at 12:00 p.m. (EDT) during which senior management will discuss Crombie's financial results for the second quarter ended June 30, 2020. The financial results will be released on Wednesday, August 5, 2020, after market close. Dial in numbers to join the conference call are: (416) 764-8688 <br />(888) 390-0546 A live audio webcast of the conference call will be accessible on Crombie's website at www.crombiereit.com under Investors. Replay will be available by dialing (416) 764-8677 or (888) 390-0541 and entering passcode 318812 #, until midnight, August 20, 2020, or on Crombie's website for 90 days following the conference call. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of
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Crombie REIT Announces June 2020 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from June 1, 2020, to and including June 30, 2020. The distribution will be payable on July 15, 2020, to unitholders of record as at June 30, 2020. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high-quality grocery- and pharmacy-anchored shopping centres, freestanding stores and mixed-use developments, primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT Media Contact: Clinton Keay, CPA, CA, Chief Financial Officer and Secretary, 902-755-8100
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Crombie REIT Announces May 2020 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from May 1, 2020, to and including May 31, 2020. The distribution will be payable on June 15, 2020, to unitholders of record as at May 31, 2020. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high-quality grocery- and pharmacy-anchored shopping centres, freestanding stores and mixed-use developments, primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT Media Contact, Clinton Keay, CPA, CA, Chief Financial Officer and Secretary, 902-755-8100
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Crombie REIT Announces Voting Results and Election of Trustees
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce the election of each of the nominees proposed for election at the general meeting of unitholders held on May 7, 2020. The vote was conducted by ballot through the facilities of the webcast. In compliance with TSX rules, following are the detailed proxy tabulations for the appointment of Trustees, with over 99% of the votes at the meeting being represented by proxy. Trustee Proxy tabulations For Withheld Paul V. Beesley 105,478,621 (99.89%) 113,541 (0.11%) Donald E. Clow 105,493,897 (99.91%) 98,265 (0.09%) John C. Eby 105,451,398 (99.87%) 140,764 (0.13%) J. Michael Knowlton 105,490,902 (99.90%) 101,260 (0.10%) Barbara Palk 105,464,805 (99.88%) 127,357 (0.12%) Jason P. Shannon 105,486,403 (99.90%) 105,759 (0.10%) Karen Weaver 92,030,101 (87.16%) 13,562,061 (12.84%) Voting results on additional resolutions were as follows: Resolution Proxy tabulations For Withheld Appointment of
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Crombie REIT Announces First Quarter 2020 Results and COVID-19 Update
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its first quarter ended March 31, 2020. Management will host a conference call to discuss the results at 11:30 a.m. (EDT), May 7, 2020. "The COVID-19 pandemic and its impacts on Canadian society and our economy are unprecedented. Throughout this time, our team has worked relentlessly to prioritize the health, safety and wellbeing of our employees, tenants, communities and our business," said Don Clow, President and CEO of Crombie. "Crombie is well positioned to respond to these challenges with approximately $450 million of liquidity, $1.5 billion in unencumbered assets, a strong balance sheet, solid operating fundamentals, and a talented team prudently guiding us forward." "It is during these uncertain economic times that the resilience of our high-quality grocery and pharmacy-anchored portfolio stands out. Approximately 75% of Crombie's annual
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Crombie REIT Fiscal 2019 Annual General Meeting And Q1 Fiscal 2020 Conference Call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold its virtual Annual General Meeting of Unitholders on Thursday, May 7, 2020. The virtual meeting is scheduled to begin at 10:00 a.m. (EDT). As a result of the COVID-19 outbreak, out of concern for the health and wellbeing of our Unitholders, employees and other stakeholders, and the public health protocols that federal, provincial, and local governments have imposed, we will hold our annual meeting in a virtual only format. The Annual General Meeting will be broadcast via live audio webcast. Unitholders will have an equal opportunity to participate at the meeting online regardless of their geographic location. "Non-objecting" non-registered (or beneficial) holders and proxy appointees have the opportunity to attend the Meeting, ask questions and vote, all in real time, provided they are connected to the internet and comply with all of the requirements set out in the Circular.
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Crombie REIT Announces April 2020 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from April 1, 2020, to and including April 30, 2020. The distribution will be payable on May 15, 2020, to unitholders of record as at April 30, 2020. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery- and drugstore-anchored shopping centres, freestanding stores and mixed-use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact, Clinton Keay, CPA, CA, Chief Financial Officer and Secretary, 902-755-8100
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Crombie REIT Announces Small Business Support Program
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced that it will launch the Crombie Values Small Business Program , a program to offer relief to qualifying small business tenants impacted by the COVID-19 pandemic. Crombie's small business support program includes relief that defers rent to assist small businesses during this unprecedented time. Effective as early as April 1, 2020, small businesses within Crombie's portfolio that demonstrate a need for assistance may qualify to defer a portion or all of their rent for two months. Tenants who have requested relief will promptly receive a letter outlining program details and eligibility requirements. Inquiries should be sent to CVSB@crombie.ca . "Canadians from coast to coast are doing what we need to do to 'flatten the curve' of this pandemic," says Don Clow, President and CEO of Crombie. "Crombie is fortunate that approximately 75% of our portfolio
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Crombie REIT announces March 2020 monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from March 1, 2020, to and including March 31, 2020. The distribution will be payable on April 15, 2020, to unitholders of record as at March 31, 2020. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery- and drugstore-anchored shopping centres, freestanding stores and mixed-use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact: Clinton Keay, CPA, CA, Chief Financial Officer and Secretary, 902-755-8100
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Crombie REIT Announces Fourth Quarter 2019 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its fourth quarter ended December 31, 2019. Management will host a conference call to discuss the results at 1:00 p.m. (EST), February 27, 2020. "Crombie demonstrated a disciplined commitment to net asset value ("NAV") creation during 2019 through innovative capital recycling, strong execution & expansion of our mixed-use development pipeline and solid operating fundamentals. We were pleased with our 35% Total Unitholder Return ("TUR") during 2019 and our 10 year average annual TUR of 11%," said Don Clow, President & CEO. "With an enhanced strategic relationship with Empire and Sobeys, a strong grocery anchored retail portfolio, one of the best mixed-use development pipelines in the Canadian REIT industry, a balanced capital structure with ample liquidity and multiple sources of capital, and a dynamic team, we are well positioned to
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Avalon Mall announces new retailers and store expansions as part of $112 million redevelopment
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce that a number of exciting international and national brands will open at Avalon Mall in 2020, and several existing retailers will expand their mall presence. SportChek, Tommy Hilfiger, Skechers, Bikini Village, and Michael Hill will open at Avalon Mall this year occupying approximately 40,600 square feet. Bath & Body Works, EB Games, and Bentley will relocate from their current locations, all in expanded footprints, and Tip Top opened their doors in a new expanded location in early February 2020. The Brick will open their first store in Newfoundland and Labrador with a new 46,000 square foot pad site. The expansion area of Avalon Mall is now approximately 90% leased, with more retailers to be announced in the coming months. Total Avalon Mall GLA is approximately 593,000 square feet. In 2019 Crombie announced that H&M, Old Navy, Gap, and Banana Republic would occupy
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Crombie REIT Announces February 2020 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from February 1, 2020, to and including February 29, 2020. The distribution will be payable on March 13, 2020, to unitholders of record as at February 29, 2020. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery- and drugstore-anchored shopping centres, freestanding stores and mixed-use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact: Clinton Keay, CPA, CA, Chief Financial Officer and Secretary,
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Crombie REIT Announces Closing of $100 Million Equity Financing
Crombie Real Estate Investment Trust ("Crombie" or the "REIT") (TSX: CRR.UN) announced today that it has closed its previously announced offering, on a bought deal basis, of $58.5 million of trust units (the "Units") at a price of $16.00 per Unit to a syndicate of underwriters co-led by CIBC World Markets and BMO Capital Markets. In addition, ECL Developments Limited ("ECL"), a wholly-owned subsidiary of Empire Company Limited, has purchased, on a private placement basis, $41.5 million of Class B LP Units of Crombie Limited Partnership ("Class B LP Unit"), together with the attached Special Voting Units of Crombie, at a price of $16.00 per Class B LP Unit. Each Class B LP Unit is exchangeable for one Unit of Crombie at the option of the holder. Upon exchange of a Class B LP Unit, the associated Special Voting Unit is cancelled. After the closing of the public offering and the private placement, Empire Company Limited
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Crombie REIT Announces $100 Million Equity Financing
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES NEW GLASGOW, Nova Scotia, Jan. 22, 2020 (GLOBE NEWSWIRE) - Crombie Real Estate Investment Trust (“Crombie” or the “REIT”) (TSX: CRR.UN) announced today that it has entered into an agreement to sell, subject to regulatory approval and on a bought-deal basis, $58.5 million of trust units (the “Units”) at a price of $16.00 per Unit to a syndicate of underwriters co-led by CIBC Capital Markets and BMO Capital Markets. Closing is expected to occur on or about February 11, 2020, subject to receipt of the Toronto Stock Exchange and other necessary regulatory approvals. In addition, ECL Developments Limited (“ECL”), a wholly-owned subsidiary of Empire Company Limited, will purchase approximately $41.5 million of Class B LP Units on a private placement basis on the same terms in satisfaction of its pre-emptive right with respect to the offering. <br
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Crombie REIT Announces January 2020 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from January 1, 2020, to and including January 31, 2020. The distribution will be payable on February 14, 2020, to unitholders of record as at January 31, 2020. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery- and drugstore-anchored shopping centres, freestanding stores and mixed-use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact, Clinton Keay, CPA, CA, Chief Financial Officer and Secretary,
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Crombie REIT Q4 Fiscal 2019 Conference Call and Webcast
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, February 27, 2020, beginning at 1:00 p.m. (EST) during which senior management will discuss Crombie's financial results for the fourth quarter and year ended December 31, 2019. The financial results will be released on Wednesday, February 26, 2020, after market close. Dial in numbers to join the conference call are: (416) 764-8688 <br />(888) 390-0546 A live audio webcast of the conference call will be accessible on Crombie's website at www.crombiereit.com under Investors. Replay will be available by dialing (416) 764-8677 or (888) 390-0541 and entering passcode 736834 #, until midnight, March 12, 2020, or on Crombie's website for 90 days following the conference call. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the
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Crombie Reit Announces Offering of $150 Million Series G Unsecured Notes
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN), announced today that it entered into an agreement to issue $150 million aggregate principal amount of Series G Senior Unsecured Notes maturing June 21, 2027 (the "Series G Notes"). The Series G Notes will bear interest at a rate of 3.917% per annum and were priced at par. Proceeds from the Series G Notes are ear-marked for the repayment of approximately $153 million of secured mortgages maturing on February 1, 2020 bearing a weighted average interest rate of 5.63% and will be utilized to temporarily reduce bank indebtedness in the interim. "Closing out a busy 2019 by pre-funding the expiring Halifax Scotia Square mortgages with this Note offering advances several of Crombie's strategic priorities, reduces risks and harvests significant savings over the expiring interest rate," remarked Don Clow, President and CEO. "We are extending our weighted average term to maturity and
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Crombie REIT Announces December 2019 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from December 1, 2019, to and including December 31, 2019. The distribution will be payable on January 15, 2020, to unitholders of record as at December 31, 2019. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery- and drugstore-anchored shopping centres, freestanding stores and mixed-use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact: Clinton Keay, CPA, CA, Chief Financial Officer and Secretary,
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Crombie REIT Announces Special Distribution
Special Distribution Crombie REIT announced today that its Board of Trustees has declared a special distribution of $0.56 per unit. The distribution will be payable in units ($0.46 per unit) and cash ($0.10 per unit) to all Unitholders of record as at December 31, 2019. The distribution arises from the increase in income generated by capital recycling transactions completed and anticipated to be completed during the twelve-month period ended December 31, 2019. Crombie is making the special distribution payable partially in cash and partially in units, in order to provide Unitholders with cash to help fund any additional tax that may arise associated with the special distribution, while most of the net cash proceeds generated by the sale transactions has been reinvested in value creation opportunities with Empire and our major developments in line with Crombie's strategy. "This special distribution reflects Crombie's successful capital recycling and our commitment to our
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Crombie REIT Announces November 2019 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from November 1, 2019, to and including November 30, 2019. The distribution will be payable on December 13, 2019, to unitholders of record as at November 30, 2019. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery- and drugstore-anchored shopping centres, freestanding stores and mixed-use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact: Clinton Keay, CPA, CA, Chief Financial Officer and Secretary,
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Crombie REIT Announces Third Quarter 2019 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its third quarter ended September 30, 2019. Management will host a conference call to discuss the results at 9:00 a.m. (EST), November 7, 2019. "Our solid operating fundamentals, improving balance sheet and innovative asset management are enabling our strategic focus to create value from our relationship with Sobeys/Empire and execution of our significant major developments" said Don Clow, President & CEO. "We are relentless in our efforts to accelerate the growth of our AFFO and NAV and are very pleased to see our first major developments coming online and beginning to produce high quality cash flow and recognized NAV." Full details on our results can be found at www.crombiereit.com and www.sedar.com. FINANCIAL RESULTS Crombie's key financial metrics for the three and nine months ended September 30, 2019 are as follows: Three months ended September
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Crombie REIT Announces October 2019 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from October 1, 2019, to and including October 31, 2019. The distribution will be payable on November 15, 2019, to unitholders of record as at October 31, 2019. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery- and drugstore-anchored shopping centres, freestanding stores and mixed-use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact: Clinton Keay, CPA, CA, Chief Financial Officer and Secretary,
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Crombie REIT Closes $193.3 Million Portfolio Partial Disposition
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced that on October 7th, 2019 it has completed the previously announced sale of an 89% non-managing interest in a 15-property portfolio (the "Partial Disposition" or "Transaction") to an affiliate of Oak Street Real Estate Capital, LLC ("Oak Street"). This Partial Disposition, the second such transaction with Oak Street, has an aggregate purchase price of $193.3 million, with net proceeds of $102.6 million after assumed mortgages and transaction expenses. Crombie will retain an 11% ownership interest and will continue to manage and operate the properties. This Partial Disposition is consistent with Crombie's previously announced transactions to recycle capital. None of the assets subject to the current Transaction are included in Crombie's mixed-use development pipeline. "We are excited to complete our second transaction with Oak Street," said Don Clow,
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Crombie REIT Q3 Fiscal 2019 Conference Call and Webcast
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, November 7, 2019, beginning at 09:00 a.m. (EST) during which senior management will discuss Crombie's financial results for the third quarter ended September 30, 2019. The financial results will be released on Wednesday, November 6, 2019, after market close. Dial in numbers to join the conference call are: (416) 764-8688 <br />(888) 390-0546 A live audio webcast of the conference call will be accessible on Crombie's website at www.crombiereit.com under Investors. Replay will be available by dialing (416) 764-8677 or (888) 390-0541 and entering passcode 612420 #, until midnight, November 21, 2019, or on Crombie's website for 90 days following the conference call. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the
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Crombie Reit Announces September 2019 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from September 1, 2019, to and including September 30, 2019. The distribution will be payable on October 15, 2019, to unitholders of record as at September 30, 2019. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery- and drugstore-anchored shopping centres, freestanding stores and mixed-use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact, Clinton Keay, CPA, CA, Chief Financial Officer and
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Crombie REIT Announces August 2019 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from August 1, 2019, to and including August 31, 2019. The distribution will be payable on September 13, 2019, to unitholders of record as at August 31, 2019. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery- and drugstore-anchored shopping centres, freestanding stores and mixed-use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact, Clinton Keay, CPA, CA, Chief Financial Officer and Secretary,
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Crombie REIT Announces Offering of $200 Million Series F Unsecured Notes and Redemption of $125 Million Series C Unsecured Notes
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN), announced today that it entered into an agreement to issue $200 million aggregate principal amount of Series F Senior Unsecured Notes maturing August 26, 2026 (the "Series F Notes"). The Series F Notes will bear interest at a rate of 3.677% per annum. The Series F Notes are being offered with a syndicate of agents, co-led by Scotia Capital Inc., CIBC World Markets Inc., and TD Securities Inc., and including BMO Nesbitt Burns Inc., Desjardins Securities Inc., National Bank Financial Inc. and RBC Dominion Securities Inc., to sell, on a best efforts, private placement basis. The offering is expected to close on or about August 26, 2019 and is subject to customary closing conditions, including receipt of necessary consents and approvals and the Series F Notes receiving a rating of at least BBB(low) with a stable trend from DBRS. The Series F Notes will be sold in Canada on a private placement
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Avalon Mall redevelopment improves shopping experience by securing major retailers
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce that four of the world's leading retail brands will join Avalon Mall as part of the current redevelopment project, which will improve the shopping experience and enhance Avalon Mall's position as the dominant retail shopping centre in Newfoundland and Labrador. Old Navy, Gap, Banana Republic, and H&M will occupy approximately 53,000 square feet of the centre, close to the newly realigned Polina and Kenmount Road intersection. These strong global brands will complement the existing mix of stores and services at Avalon Mall, with product lines that suit a wide range of demographics and needs, and all are expected to open by the third quarter of 2020. This news accompanies the opening of Winners HomeSense in their expanded location on August 6 and follows the opening of Lush earlier this year. "We're very pleased with the progress we're making on the enhancement
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Crombie REIT Announces Second Quarter 2019 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its second quarter ended June 30, 2019. Management will host a conference call to discuss the results at 12:00pm (ET), August 8, 2019. "Strong fundamentals and innovative capital recycling have led us to solid Q2 financial results and an improvement of our already strengthened balance sheet," said Don Clow, President & CEO. "Our strategic partnership with Sobeys continues to provide us a sustainable competitive advantage and enables unique opportunities to create short, medium and long-term value for our unitholders. We are thrilled to expand our development pipeline to include 33 properties in Canada's fastest growing markets." Full details on our results can be found at www.crombiereit.com and www.sedar.com . FINANCIAL RESULTS Crombie's key financial metrics for the three and six months ended June 30, 2019 are as
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Crombie REIT Announces July 2019 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from July 1, 2019, to and including July 31, 2019. The distribution will be payable on August 15, 2019, to unitholders of record as at July 31, 2019. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery- and drugstore-anchored shopping centres, freestanding stores and mixed-use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Clinton Keay, CPA, CA, Chief Financial Officer and Secretary, 902-755-8100
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Crombie REIT Q2 Fiscal 2019 Conference Call and Webcast
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, August 8, 2019, beginning at 12:00 p.m. (EDT) during which senior management will discuss Crombie's financial results for the second quarter ended June 30, 2019. The financial results will be released on Wednesday, August 7, 2019, after market close. Dial in numbers to join the conference call are: (416) 764-8688 <br />(888) 390-0546 A live audio webcast of the conference call will be accessible on Crombie's website at www.crombiereit.com under Investors. Replay will be available by dialing (416) 764-8677 or (888) 390-0541 and entering passcode 760654 #, until midnight, August 22, 2019, or on Crombie's website for 90 days following the conference call. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of
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Crombie REIT Announces June 2019 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from June 1, 2019, to and including June 30, 2019. The distribution will be payable on July 15, 2019, to unitholders of record as at June 30, 2019. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery- and drugstore-anchored shopping centres, freestanding stores and mixed-use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact: Clinton Keay, CPA, CA, Chief Financial Officer and Secretary,
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Crombie REIT Announces $193.3 Million Portfolio Disposition
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announces today that it has entered into a second agreement of purchase and sale to sell an 89% non-managing interest in a 15-property portfolio for an aggregate purchase price of approximately $193.3 million ("Partial Disposition" or "Transaction") to an affiliate of Oak Street Real Estate Capital, LLC ("Oak Street"). Crombie will retain an 11% ownership interest and will continue to manage and operate the properties. The Transaction is scheduled to close in the fall of 2019. The first transaction announced with Oak Street closed on April 25, 2019. This Partial Disposition is consistent with Crombie's previously announced transactions to recycle capital. None of the assets subject to the current Transaction are included in Crombie's mixed-use development pipeline. "This partial disposition is another example of our team's solid execution of our
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Crombie REIT Announces May 2019 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from May 1, 2019, to and including May 31, 2019. The distribution will be payable on June 14, 2019, to unitholders of record as at May 31, 2019. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery- and drugstore-anchored shopping centres, freestanding stores and mixed-use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact: Clinton Keay, CPA, CA, Chief Financial Officer and Secretary,
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Crombie REIT Announces Voting Results and Chair Appointment
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce that each of the nominees proposed for election at the general meeting of unitholders held on May 9, 2019 were elected. The vote was conducted by show of hands without a ballot. In compliance with TSX rules, following are the detailed proxy tabulations for the appointment of Trustees, with over 99% of the votes at the meeting being represented by proxy. Trustee Proxy tabulations For Withheld Paul V. Beesley 92,361,177 (98.62%) 1,296,349 (1.38%) Donald E. Clow 93,526,832 (99.86%) 130,694 (0.14%) John C. Eby 92,255,646 (98.50%) 1,401,880 (1.50%) J. Michael Knowlton 92,319,494 (98.57%) 1,338,032 (1.43%) Barbara Palk 92,291,882 (98.54%) 1,365,644 (1.46%) Jason P. Shannon 92,317,069 (98.57%) 1,340,457 (1.43%) Elisabeth Stroback 91,687,491 (97.90%) 1,970,035 (2.10%) Crombie's full report of voting results on other matters can be found at www.sedar.com . Crombie REIT
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Crombie REIT Announces First Quarter 2019 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its first quarter ended March 31, 2019. Management will host a conference call to discuss the results at 12:00pm (ET), May 9, 2019. "Crombie's focused strategy is evolving nicely with our relationship with Sobeys unlocking value from new acquisitions and state-of-the-art developments, the execution of our active developments remaining on track and on budget, ample liquidity on our balance sheet, access to multiple and innovative sources of capital and the building of one of the best development platforms in the Canadian REIT industry," said Don Clow, President and CEO. "In addition, our core retail fundamentals remain very solid as is evident by our robust 3.4% same-asset property cash net operating income growth. Year to date, we have sold approximately $289 million in assets to fund our growth. We are excited to announce the acquisition of a 20.25-acre
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Crombie REIT Announces April 2019 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from April 1, 2019, to and including April 30, 2019. The distribution will be payable on May 15, 2019, to unitholders of record as at April 30, 2019. About Crombie REIT Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery- and drugstore-anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact, Glenn Hynes, FCPA, FCA, Executive Vice President, Chief Operating
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Crombie REIT Fiscal 2018 Annual General Meeting and Q1 Fiscal 2019 Conference Call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold its Annual General Meeting of Unitholders on Thursday, May 9, 2019 at Cineplex Cinemas, 612 East River Road, New Glasgow, Nova Scotia. The meeting is scheduled to begin at 10:00 a.m. (EDT). Webcast of AGM The Annual General Meeting will be broadcast via live audio webcast. The webcast may be accessed at www.crombiereit.com . Time has been allotted at the end of the webcast for telephone questions. Call in numbers are: (888) 390-0546 (416) 764-8688 Replay will be available by dialing (416) 764-8677 or (888) 390-0541 and entering password 924359 #, until midnight, May 23, 2019, or on Crombie's website for 90 days after the meeting. Q1 Fiscal 2019 Conference Call Crombie will hold a conference call on Thursday, May 9, 2019 beginning at 12:00 p.m. (EDT) during which senior management will discuss the REIT's financial
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Crombie REIT Announces $161.6 Million Portfolio Disposition
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announces today that it has entered into an agreement of purchase and sale to sell an 89% non-managing interest in a 26 property portfolio ("Portfolio") for an aggregate purchase price of approximately $161.6 million ("the "Disposition" or "Transaction") to a U.S. Private Equity group ("Buyer"). Crombie will retain an 11% ownership interest and will continue to manage and operate the properties. The Buyer has waived due diligence conditions on the Transaction, with the potential to waive on the acquisition of an additional three properties for a total of 29 properties. The aggregate purchase price for the 89% interest in the 29 property portfolio is approximately $190.9 million. This transaction is part of Crombie's previously announced plan to recycle capital from the sale of certain non-core, and/or lower growth assets. None of the assets subject to the
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Crombie REIT Announces Upcoming Changes to Board of Trustees
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announces today upcoming changes to its Board of Trustees. Frank Sobey, Chair of the Board of Trustees, Brian Johnson and Kent Sobey will retire from the Board of Trustees following Crombie's Annual General Meeting ("AGM") on May 9th, 2019. In addition, Jason Shannon will stand for Trustee election at the AGM after being an Empire Company Limited ("Empire") appointed Trustee since 2016. Crombie's incoming Board Chair will be appointed and announced following the AGM. Empire has notified Crombie that Jana Sobey will be appointed as a Trustee as of the May 9th, 2019 AGM. Ms. Sobey is currently Vice President of Field Merchandising for Sobeys Inc., a position she has held since 2017. She has held consecutively senior roles at Sobeys in merchandising, marketing, human resources and, most recently, as Vice President of Operations in Western Canada. Ms. Sobey
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Crombie REIT Announces Appointments to Leadership Team
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce that Clinton Keay is joining the company as Chief Financial Officer and Secretary, effective May 15, 2019. Mr. Keay is currently Executive Vice President IT and Transformation for Sobeys Inc., where he oversees company efforts to restructure the way it does business. Mr. Keay is a Chartered Professional Accountant (CPA) who joined Sobeys in 1989 and held a number of progressively senior finance roles before being appointed Senior Vice President & Chief Information Officer in 2002, Executive Vice President Finance for Empire Company Limited in 2014, and Interim Chief Financial Officer at Sobeys Inc. (July 2016-April 2017), before assuming his current role. Mr. Keay is a Business Administration graduate of St. Francis Xavier University with an Honours in Accounting. "We are extremely pleased to welcome Clinton to Crombie" says Crombie President and CEO, Don Clow,
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Crombie REIT Announces March 2019 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from March 1, 2019, to and including March 31, 2019. The distribution will be payable on April 15, 2019, to unitholders of record as at March 31, 2019. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact: Glenn Hynes, FCPA, FCA, Executive Vice President, Chief Operating Officer, Chief Financial Officer
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Crombie REIT Appoints Paul Beesley to Board of Trustees
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce the appointment of Paul Beesley to its Board of Trustees, effective immediately. Mr. Beesley most recently served as Chief Financial Officer of Hudson's Bay Company ("HBC") (TSX: HBC) in New York from 2014 until 2017. During Mr. Beesley's tenure at HBC, he participated in both the creation of real estate joint ventures with Simon Property Group and RioCan REIT and the European acquisition of Galeria Kaufhof, which was largely funded through the sale of approximately 40 retail properties for € 2.4 billion. He also led placement of a US $1.25 billion, 20-year mortgage on the ground portion of the Saks Fifth Avenue flagship in New York City. Prior to joining HBC, he held the position of Executive Vice President and Chief Financial Officer at Empire Company Limited ("Empire") (TSX: EMP.A). During his time at Empire, Mr. Beesley
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Crombie REIT Announces Fourth Quarter 2018 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its fourth quarter ended December 31, 2018. Management will host a conference call to discuss the results at 12:00pm (ET), February 28, 2019. "Our core fundamentals remain very solid as is evident by our year-ending occupancy of 96%, robust 2.7% full-year same-asset property cash net operating income (NOI) growth and 2.8% growth in 2018 AFFO / Unit. We sold approximately $220 million in assets to fund our growth and have invested approximately $190 million in our five active major development projects," said Don Clow, President and CEO. "With our balanced and measured execution of value creation via the relationship with Sobeys and our major developments, newly aligned teams, ample liquidity and access to multiple sources of capital, I'm excited about Crombie's future." Full details on our results can be found at www.crombiereit.com and
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Crombie REIT Announces February 2019 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from February 1, 2019, to and including February 28, 2019. The distribution will be payable on March 15, 2019, to unitholders of record as at February 28, 2019. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact: Glenn Hynes, FCPA, FCA, Executive Vice President, Chief Operating Officer, Chief
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Crombie REIT Q4 Fiscal 2018 Conference Call and Webcast
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, February 28, 2019, beginning at 12:00 p.m. (ET) during which senior management will discuss Crombie's financial results for the fourth quarter and year ended December 31, 2018. The financial results will be released on Wednesday, February 27, 2019, after market close. Dial in numbers to join the conference call are: (416) 764-8688 <br />(888) 390-0546 A live audio webcast of the conference call will be accessible on Crombie's website at www.crombiereit.com under Investors. Replay will be available by dialing (416) 764-8677 or (888) 390-0541 and entering passcode 635944 #, until midnight, March 14, 2019, or on Crombie's website for 90 days after the meeting. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie
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Crombie REIT Announces January 2019 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from January 1, 2019, to and including January 31, 2019. The distribution will be payable on February 15, 2019, to unitholders of record as at January 31, 2019. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact, Glenn Hynes, FCPA, FCA, Executive Vice President, Chief Operating Officer, Chief
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Crombie REIT Announces $103.7 Million of Dispositions
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce $103.7 million in dispositions, including $41.6 million for a 50% interest in seven retail properties (the "Portfolio") to Firm Capital Property Trust ("FCPT"). These transactions are part of Crombie's previously announced plan to recycle capital from the sale of certain non-core, and/or lower growth assets with proceeds to be invested in Crombie's value-creating mixed use development pipeline. None of the assets discussed herein are included in Crombie's mixed use development pipeline. "We are very pleased with our capital recycling activities as we continue to validate our Net Asset Value (NAV) by disposing of properties at or above IFRS fair values", stated Don Clow, President & CEO. "This speaks to the quality of our portfolio, the resilience of grocery and drug store anchored retail real estate and our attractiveness as a partner in
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Crombie REIT Announces December 2018 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from December 1, 2018, to and including December 31, 2018. The distribution will be payable on January 15, 2019, to unitholders of record as at December 31, 2018. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact, Glenn Hynes, FCPA, FCA, Executive Vice President, Chief Operating Officer, Chief
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Crombie REIT Announces November 2018 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from November 1, 2018, to and including November 30, 2018. The distribution will be payable on December 14, 2018, to unitholders of record as at November 30, 2018. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact: Glenn Hynes, FCPA, FCA, Executive Vice President, Chief Operating Officer, Chief
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Crombie REIT Announces Organizational and Leadership Changes
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN), today announced changes to its leadership structure to optimize the Company's focus on, and execution of, its real estate and financial priorities. These changes will enable continued delivery of strong operating performance and the successful execution of Crombie's significant mixed use development program. This renewed leadership structure aligns talent with Crombie's strategic priorities, emphasizing national leadership roles to optimize focus and efficiency. Crombie's realigned executive leadership team includes: Donald Clow, President and Chief Executive Officer Glenn Hynes in the newly created role of Executive Vice President and Chief Operating Officer (COO) with national oversight of operations, leasing, development and construction Cheryl Fraser, Chief Talent Officer and Vice President Communications John Barnoski, Senior Vice President Corporate Development Chief Financial Officer
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Crombie REIT Announces Third Quarter 2018 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced results for its third quarter ended September 30, 2018. Management will host a conference call to discuss the results at 12:30pm (ET), November 8, 2018. "Crombie's fundamentals remain strong with record occupancy, solid same asset NOI growth and robust AFFO growth excluding deferred finance cost write offs and severance costs incurred in the quarter. The transformation of our REIT, by adding complementary and valuable mixed use residential investments in Canada's major markets to one of the best grocery anchored retail portfolios in Canada, continues to advance with the first revenue from our five active major developments starting in less than 12 months." said Don Clow, President and CEO. "With this balanced execution, a solid balance sheet, ample liquidity and access to multiple sources of capital as well as one of the best teams in Canadian real estate, I am
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Crombie REIT Announces Offering of $175 Million Series E Unsecured Notes
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN), announced today that it entered into an agreement to issue $175 million aggregate principal amount of Series E Senior Unsecured Notes maturing January 31, 2025. The Notes will bear interest at a rate of 4.80% per annum and were priced with an effective yield to maturity of 4.802% representing a price of $999.96 per $1,000.00 of principal amount issued. The Notes are being offered with a syndicate of agents, co-led by Scotia Capital Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., and RBC Dominion Securities Inc. and including CIBC World Markets Inc., Desjardins Securities Inc., and TD Securities Inc. to sell, on a best efforts, private placement basis. Net proceeds from the Notes offering will be used for the repayment of the $175 million 3.986% Series A Notes which are set to mature on October 31, 2018. The offering is expected to close on or about October 31, 2018 and is subject to customary
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Crombie REIT Announces October 2018 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from October 1, 2018, to and including October 31, 2018. The distribution will be payable on November 15, 2018, to unitholders of record as at October 31, 2018. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact: Glenn Hynes, FCPA, FCA, Executive Vice President, Chief Financial Officer and
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Crombie REIT Announces Revised Time for November 8, 2018 Q3 Conference Call and Webcast
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, November 8, 2018, beginning at the revised time of 12:30 p.m. (ET) during which senior management will discuss the REIT's financial results for the third quarter ended September 30, 2018. The financial results will be released on Wednesday, November 7, 2018, after market close. Dial in numbers to join the conference call are: <br />(416) 764-8688 <br />(888) 390-0546 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com under Investors. Replay will be available by dialing (416) 764-8677 or (888) 390-0541 and entering passcode 442611 #, until midnight, November 22, 2018, or on the REIT's website for 90 days after the meeting. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the
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Crombie REIT Q3 fiscal 2018 conference call and webcast
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, November 8, 2018, beginning at 1:00 p.m. (ET) during which senior management will discuss Crombie's financial results for the third quarter ended September 30, 2018. The financial results will be released on Wednesday, November 7, 2018, after market close. Dial in numbers to join the conference call are: (416) 764-8688 <br />(888) 390-0546 A live audio webcast of the conference call will be accessible on Crombie's website at www.crombiereit.com under Investors. Replay will be available by dialing (416) 764-8677 or (888) 390-0541 and entering passcode 442611 #, until midnight, November 22, 2018, or on Crombie's website for 90 days after the meeting. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one
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Crombie REIT Announces September 2018 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from September 1, 2018, to and including September 30, 2018. The distribution will be payable on October 15, 2018, to unitholders of record as at September 30, 2018. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact: Glenn Hynes, FCPA, FCA, Executive Vice President, Chief Financial Officer and
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Crombie REIT announces $75 million re-opening of Series B Notes
Crombie Real Estate Investment Trust (TSX: CRR.UN) announced today that it entered into an agreement with a syndicate of agents, co-led by TD Securities Inc., CIBC World Markets Inc., and Desjardins Securities Inc. and including BMO Nesbitt Burns Inc., National Bank Financial Inc., RBC Dominions Securities Inc., and Scotia Capital Inc. to sell, on a best efforts, private placement basis, an additional $75 million aggregate principal amount of 3.962 percent Series B Notes (senior unsecured) (the "Additional Notes") maturing June 1, 2021. The Additional Notes were priced with an effective yield to maturity of 3.882 percent and sold at a price of $1,002.02 per $1,000.00 principal amount plus accrued interest. Proceeds from the Additional Notes offering will be used for the repayment of the $74.4 million 5.25% Series E Extendible Convertible debentures which Crombie has previously elected to redeem on August 31 st , 2018. The Additional Notes together with the
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Crombie REIT Announces August 2018 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from August 1, 2018, to and including August 31, 2018. The distribution will be payable on September 14, 2018, to unitholders of record as at August 31, 2018. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact: Glenn Hynes, FCPA, FCA, Executive Vice President, Chief Financial Officer and
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Crombie REIT Reports Second Quarter 2018 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its financial results for the three and six months ended June 30, 2018. Second quarter 2018 Highlights (In thousands of CAD dollars, except per unit amounts and as otherwise noted). Second quarter property revenue of $104,143, an increase of $2,552 or 2.5% over second quarter 2017. Second quarter operating income attributable to Uniholders of $49,033, a decrease of $47,310 compared to the second quarter of 2017. During the second quarter of 2017, Crombie completed a tax reorganization resulting in a deferred tax recovery of $76,400. Dispositions in the second quarter of 2018 resulted in a gain on disposal of $33,502. Capital recycling (dollar amounts are before closing and transaction costs) including: Dispositions in the three months ended June 30, 2018 of two retail properties and one mixed use property totalling 338,000 square feet for proceeds of $74,250 and disposition of a
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Crombie Reit Announces Redemption of Outstanding 5.25% Series E Extendible Convertible Debentures Due March 31, 2021
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it has exercised its right to redeem its 5.25% Series E Extendible Convertible Unsecured Subordinated Debentures maturing on March 31, 2021 (the "Debentures") in accordance with the terms of the supplemental trust indenture dated August 14, 2013, governing the Debentures. The redemption of the Debentures will be effective on August 31, 2018 (the "Redemption Date"). Upon redemption, Crombie will pay to the holders of Debentures the redemption price (the "Redemption Price") equal to the outstanding principal amount of the Debentures to be redeemed, together with all accrued and unpaid interest thereon up to but excluding the Redemption Date, for a total of $1,022.01 per $1,000 principal amount of Debentures, less any taxes required to be deducted or withheld. The aggregate principal amount of Debentures currently outstanding is $74,400,000.
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Crombie REIT Announces July 2018 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from July 1, 2018, to and including July 31, 2018. The distribution will be payable on August 15, 2018, to unitholders of record as at July 31, 2018. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact: Glenn Hynes, FCPA, FCA, Executive Vice President, Chief Financial Officer and Secretary, 902-755-8100
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Crombie REIT provides capital recycling update
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) advises that it recently closed on the sale of Park Lane in Halifax, Nova Scotia, a 273,000 square foot retail and office property for $51.25 million. The transaction was completed as part of Crombie's previously announced plan to recycle capital from the sale of certain non-core, and/or lower growth assets. Crombie's year to date sales totaling almost $200 million have in aggregate been executed at, or above, IFRS fair value. The transactions are intended to enhance portfolio quality, with proceeds to be invested in Crombie's value creating mixed use development pipeline. "We are executing on our capital recycling program with almost $200 million of year to date sales essentially funding the 2018 requirements of our active major development projects," said Don Clow, President and CEO. "Our year to date sales are a solid indicator that demand is strong for our
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Crombie REIT Q2 fiscal 2018 conference call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, August 9, 2018, beginning at 12:00 p.m. (ET) during which senior management will discuss Crombie's financial results for the second quarter ended June 30, 2018. The financial results will be released on Wednesday, August 8, 2018, after market close. Dial in numbers to join the conference call are: (416) 764-8688 <br />(888) 390-0546 A live audio webcast of the conference call will be accessible on Crombie's website at www.crombiereit.com under Investors. Replay will be available by dialing (416) 764-8677 or (888) 390-0541 and entering passcode 989425 #, until midnight, August 23, 2018, or on Crombie's website for 90 days after the meeting. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the
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Crombie REIT Announces June 2018 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from June 1, 2018, to and including June 30, 2018. The distribution will be payable on July 13, 2018, to unitholders of record as at June 30, 2018. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact: Glenn Hynes, FCPA, FCA, Executive Vice President, Chief Financial Officer and Secretary,
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Crombie REIT Announces May 2018 Monthly Distribution and Amendment to DRIP
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from May 1, 2018, to and including May 31, 2018. The distribution will be payable on June 15, 2018, to unitholders of record as at May 31, 2018. Crombie has received conditional approval from the Toronto Stock Exchange to amend its Distribution Reinvestment Plan ("DRIP"). Effective today, Crombie has amended the DRIP to eliminate the discount such that any future REIT units issued under the DRIP will be issued at a price equal to 100% of the volume-weighted average trading price of the REIT units on the Toronto Stock Exchange for the five trading days immediately preceding the relevant distribution payment date. Consequently, participants in the DRIP as of the record date of May 31, 2018 will receive REIT units based on the amended pricing, without the prior 3% discount. REIT unitholders who wish to amend or alter their participation in
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Crombie REIT Reports Annual Meeting Voting Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce that each of the nominees proposed for election at the general meeting of unitholders held on May 10, 2018 were elected. The vote was conducted by show of hands without a ballot. In compliance with TSX rules, following are the detailed proxy tabulations for the appointment of Trustees, with over 99% of the votes at the meeting being represented by proxy. Trustee Proxy tabulations For Withheld Donald E. Clow 93,315,349 (99.36%) 604,525 (0.64%) John C. Eby 93,366,650 (99.41%) 553,224 (0.59%) Debra Hess 93,373,414 (99.42%) 546,460 (0.58%) Brian A. Johnson 93,374,556 (99.42%) 545,318 (0.58%) J. Michael Knowlton 93,360,297 (99.40%) 559,577 (0.60%) Barbara Palk 93,807,908 (99.88%) 111,966 (0.12%) Elisabeth Stroback 93,362,826 (99.41%) 557,048 (0.59%) Crombie's full report of voting results on other matters can be found at www.sedar.com . About Crombie REIT Crombie
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Crombie REIT Reports First Quarter 2018 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its financial results for the three months ended March 31, 2018. First quarter 2018 Highlights (In thousands of CAD dollars, except per unit amounts and as otherwise noted). Property revenue for the three months ended March 31, 2018 increased by $3,574 or 3.5% to $105,705 over the three months ended March 31, 2017. Dispositions in the three months ended March 31, 2018 of two retail properties totalling 195,000 square feet for proceeds of $35,600, as well as disposition of lands adjacent to an existing development property for proceeds of $5,700. Subsequent to quarter end, completed disposition of one additional retail property for proceeds of $14,000 and disposition of a 50% interest in nine retail properties for consideration of approximately $78,000. Subsequent to quarter end, completed acquisition of nine retail properties and additions to two existing retail properties from Sobeys,
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Crombie REIT Announces Disposition Update
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to provide a year to date disposition update on approximately $142 million of transaction activity as follows: Closed Transactions ($55 million) Dispositions closed by Crombie since the beginning of 2018 include two grocery anchored properties in Perth and Simcoe, ON and a theatre tenanted property in Red Deer, AB, for aggregate gross proceeds of approximately $50 million. The aggregate purchase price for these properties corresponds to a capitalization rate of approximately 6.5% and exceeds the IFRS fair value attributed by Crombie to the properties for financial reporting purposes. Crombie also sold land adjacent to its Belmont Market commercial development in Langford, BC for gross proceeds of approximately $5 million. Pending Transactions ($87 million) Due diligence conditions have been waived for Crombie to enter into a co-ownership agreement with a subsidiary of Northam Realty Advisors
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Crombie Reit Announces Revised Time for May 10, 2018 Q1 Conference Call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, May 10, 2018, beginning at the revised time of 9:00 a.m. (ET) during which senior management will discuss the REIT's financial results for the first quarter ended March 31, 2018. The financial results will be released on Wednesday, May 9, 2018, after market close. Dial in numbers to join the conference call are: <br />(888) 231-8191 <br />(647) 427-7450 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com under Investors. Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering password 7677657, until midnight, May 24, 2018, or on the REIT's website for 90 days after the meeting. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is
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Crombie REIT Announces April 2018 Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from April 1, 2018, to and including April 30, 2018. The distribution will be payable on May 15, 2018, to unitholders of record as at April 30, 2018. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact: Glenn Hynes, FCPA, FCA, Executive Vice President, Chief Financial Officer and Secretary,
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Crombie REIT announces two new mixed use development partnerships
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) has entered into two joint venture partnerships with an affiliate of Place Dorée and Groupe Canvar ("Prince Developments" or "PrinceDev"). One partnership results in Crombie becoming a 50% partner in the new Le Duke mixed use development at 297 Rue Duke in Montreal adjacent to the new Bonaventure Greenway in Old Montreal, comprising an estimated $127 million investment, 25 storey mixed use tower with 390 residential rental units above a 25,000 sq. ft. IGA branded Sobeys grocery store, 1,000 sq. ft. of retail space with frontage on William Street and 300 underground parking stalls. The new building will retain the existing heritage building currently on site, integrating the two story façade and structure into the new development. Le Duke represents a new development pipeline property for Crombie; enhancing its existing development pipeline. Development of Le Duke
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Crombie REIT Fiscal 2017 Annual General Meeting and Q1 Fiscal 2018 Conference Call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold its Annual General Meeting of Unitholders on Thursday, May 10, 2018 at Cineplex Cinemas, 612 East River Road, New Glasgow, Nova Scotia. The meeting is scheduled to begin at 11:00 a.m. (ADT). Webcast of AGM The Annual General Meeting will be broadcast via live audio webcast. The webcast may be accessed at www.crombiereit.com . Time has been allotted at the end of the webcast for telephone questions. Call in numbers are: (888) 231-8191 (647) 427-7450 Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering password 5269428, until midnight, May 24, 2018, or on Crombie's website for 90 days after the meeting. Q1 Fiscal 2018 Conference Call Crombie will hold a conference call on Thursday, May 10, 2018 beginning at 12:00 p.m. (EDT) during which senior management will discuss the REIT's financial results for the first quarter ended March 31, 2018. Dial in
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Crombie REIT Announces Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from March 1, 2018, to and including March 31, 2018. The distribution will be payable on April 13, 2018, to unitholders of record as at March 31, 2018. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 284 income-producing properties across Canada, comprising approximately 19.0 million square feet with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact: Glenn Hynes, FCPA, FCA, Executive
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Crombie REIT Reports Fourth Quarter 2017 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its financial results for the three months and year ended December 31, 2017. Fourth quarter 2017 Highlights (In thousands of CAD dollars, except per unit amounts and as otherwise noted). Funds From Operations ("FFO"): FFO for the three months ended December 31, 2017 increased 2.8% to $47,237; or $0.31 per unit diluted, an increase of 1.5% per unit from the three months ended December 31, 2016. FFO payout ratio of 70.9% for the three months ended December 31, 2017 compared to 71.8% for the same period in 2016. Adjusted Funds From Operations ("AFFO"): AFFO for the three months ended December 31, 2017 increased 4.5% to $39,481; or $0.26 per unit diluted, an increase of 2.8% per unit from the three months ended December 31, 2016. AFFO payout ratio of 84.9% for the three months ended December 31, 2017 compared to 87.3% for the same period in 2016. Same-asset property cash
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from February 1, 2018, to and including February 28, 2018. The distribution will be payable on March 15, 2018, to unitholders of record as at February 28, 2018. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 285 income-producing properties across Canada, comprising approximately 19.1 million square feet with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact: Glenn Hynes, FCPA, FCA,
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from January 1, 2018, to and including January 31, 2018. The distribution will be payable on February 15, 2018, to unitholders of record as at January 31, 2018. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 286 income-producing properties across Canada, comprising approximately 19.2 million square feet with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact: Glenn Hynes, FCPA, FCA,
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Crombie REIT Q4 Fiscal 2017 Conference Call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, February 22, 2018, beginning at 12:00 p.m. (ET) during which senior management will discuss Crombie's financial results for the fourth quarter and year ended December 31, 2017. The financial results will be released on Wednesday, February 21, 2018, after market close. Dial in numbers to join the conference call are: <br />(888) 231-8191 <br />(647) 427-7450 A live audio webcast of the conference call will be accessible on Crombie's website at www.crombiereit.com under Investor Centre. Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering password 3865119, until midnight, March 8, 2018, or on Crombie's website for 90 days after the meeting. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from December 1, 2017, to and including December 31, 2017. The distribution will be payable on January 15, 2018, to unitholders of record as at December 31, 2017. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 286 income-producing properties across Canada, comprising approximately 19.4 million square feet with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact: Glenn Hynes, FCPA, FCA, Executive Vice
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from November 1, 2017, to and including November 30, 2017. The distribution will be payable on December 15, 2017, to unitholders of record as at November 30, 2017. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 287 income-producing properties across Canada, comprising approximately 19.5 million square feet with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT Media Contact: Glenn Hynes, FCPA, FCA, Executive Vice
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Crombie REIT Announces Offering of $150 Million Series D Notes
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it entered into an agreement to issue $150 million aggregate principal amount Series D Notes maturing November 21, 2022. The Notes, which will be issued at par, will bear interest at a rate of 4.066% per annum. The Notes are being offered with a syndicate of agents, co-led by TD Securities Inc., CIBC World Markets Inc. and National Bank Financial Inc. and including BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., and Scotia Capital Inc. to sell, on a best efforts, private placement basis. Net proceeds from the Notes offering will be used for the repayment of short term indebtedness outstanding under Crombie's revolving credit facility and its unsecured bilateral credit facility, and for general trust purposes. The offering is expected to close on or about November 20, 2017 and is subject to customary closing conditions, including receipt of necessary consents and approvals
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Crombie REIT Reports Third Quarter 2017 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its financial results for the three and nine months ended September 30, 2017. Third quarter 2017 Highlights (In thousands of CAD dollars, except per unit amounts and as otherwise noted). Funds From Operations ("FFO"): FFO for the three months ended September 30, 2017 increased 1.2% to $46,652; or $0.31 per unit diluted, an increase of 0.1% per unit from the three months ended September 30, 2016. FFO payout ratio of 71.6% for the three months ended September 30, 2017 compared to 71.4% for the same period in 2016. Same-asset property cash NOI for the three months ended September 30, 2017 increased by 1.7% or $1,010 ($61,259 compared to $60,249 for the three months ended September 30, 2016). Completed acquisition of six retail properties totalling 300,000 square feet, one in Toronto, ON and five in Quebec, for a total purchase price of $100,257 before closing and transaction
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from October 1, 2017, to and including October 31, 2017. The distribution will be payable on November 15, 2017, to unitholders of record as at October 31, 2017. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 287 income-producing properties across Canada, comprising approximately 19.5 million square feet with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT <br />
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Crombie REIT announces agreement with Sears Canada Inc. at Avalon Mall
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce that it recently received court approval of a lease surrender agreement with Sears Canada Inc. ("Sears") in respect of its store at the Avalon Mall in St. John's, Newfoundland and Labrador. In consideration of receiving a $5 million lease surrender fee, Sears has agreed to an early termination of its lease to vacate their 128,000 square foot store by February 28, 2018. This will enable acceleration of Crombie's redevelopment plans for the space. Given Avalon Mall's dominance in the St. John's market, there has been significant ongoing leasing interest from numerous national tenants for this space. Management believes these new tenants will improve the mall's merchandising mix, drive additional customer traffic, and provide Crombie with considerably more rental income than what is generated today. Crombie is currently in the first year
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Crombie REIT Q3 Fiscal 2017 Conference Call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, November 9, 2017, beginning at 12:00 p.m. (ET) during which senior management will discuss Crombie's financial results for the third quarter ended September 30, 2017. The financial results will be released on Wednesday, November 8, 2017, after market close. Dial in numbers to join the conference call are: <br />(888) 231-8191 <br />(647) 427-7450 A live audio webcast of the conference call will be accessible on Crombie's website at www.crombiereit.com under Investor Centre. Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering password 95677482, until midnight, November 23, 2017, or on Crombie's website for 90 days after the meeting. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from September 1, 2017, to and including September 30, 2017. The distribution will be payable on October 13, 2017, to unitholders of record as at September 30, 2017. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 286 income-producing properties across Canada, comprising approximately 19.4 million square feet with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT <br />
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from August 1, 2017, to and including August 31, 2017. The distribution will be payable on September 15, 2017, to unitholders of record as at August 31, 2017. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 284 income-producing properties across Canada, comprising approximately 19.3 million square feet with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT <br />
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Crombie REIT Reports Second Quarter 2017 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its financial results for the three and six months ended June 30, 2017. Second quarter 2017 Highlights (In thousands of CAD dollars, except per unit amounts and as otherwise noted). Funds From Operations ("FFO"): FFO for the three months ended June 30, 2017 increased 14.7% to $43,335; or $0.29 per unit diluted, an increase of 1.8% per unit from the three months ended June 30, 2016. FFO payout ratio of 76.7% for the three months ended June 30, 2017 compared to 80.9% for the same period in 2016. FFO for the three months ended June 30, 2017 has been impacted by approximately $494 in general and administrative expenses for professional fees related to Crombie's tax reorganization and $531 in finance costs related to the early redemption of the 5% convertible debentures. Excluding this $1,025, FFO for the three months ended June 30, 2017 would have been $44,360 or $0.29 per unit
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Crombie REIT announces revised time for Q2 Fiscal 2017 conference call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, August 10, 2017, beginning at the revised time of 1:30 p.m. (ET) during which senior management will discuss the REIT's financial results for the second quarter ended June 30, 2017. The financial results will be released on Wednesday, August 9, 2017, after market close. Dial in numbers to join the conference call are: <br />(888) 231-8191 <br />(647) 427-7450 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com under Investor Centre. Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering password 46780893, until midnight, August 24, 2017, or on the REIT's website for 90 days after the meeting. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from July 1, 2017, to and including July 31, 2017. The distribution will be payable on August 15, 2017, to unitholders of record as at July 31, 2017. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 283 income-producing properties across Canada, comprising approximately 19.2 million square feet with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT <br />
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Crombie REIT announces acquisition of additional mixed use development site in Toronto, Ontario
Crombie Real Estate Investment Trust ("Crombie" or the "REIT") (TSX: CRR.UN) announced that it has closed on the acquisition of a property located at 1215-1255 McCowan Road in Toronto, Ontario from a third party vendor for a purchase price of $42.0 million, excluding closing adjustments and transaction costs. The site includes 4.5 acres of land located next to the McCowan TTC Station. The property is currently income producing and consists of a 100% occupied 61,000 square foot FreshCo anchored strip retail plaza. FreshCo is the discount banner of Sobeys Inc. operating in Ontario. "Our initial assessment is that there is opportunity to add significant residential density to this site over time as the property is currently not utilized at its highest and best use," stated Donald E. Clow, FCPA, CPA, President and CEO. The acquisition of this property adds to Crombie's existing pipeline of development sites which as of March 31 st , 2017 consisted of 19
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Crombie REIT Q2 Fiscal 2017 Conference Call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, August 10, 2017, beginning at 2:00 p.m. (ET) during which senior management will discuss the REIT's financial results for the second quarter ended June 30, 2017. The financial results will be released on Wednesday, August 9, 2017, after market close. Dial in numbers to join the conference call are: <br />(888) 231-8191 <br />(647) 427-7450 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com under Investor Centre. Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering password 46780893, until midnight, August 24, 2017, or on the REIT's website for 90 days after the meeting. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from June 1, 2017, to and including June 30, 2017. The distribution will be payable on July 14, 2017, to unitholders of record as at June 30, 2017. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 281 income-producing properties across Canada, comprising approximately 19.1 million square feet with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT <br />
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Crombie REIT announces redemption of outstanding 5.00% Series D Convertible Debentures due September 30, 2019
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it has exercised its right to redeem its 5.00% Series D Convertible Unsecured Subordinated Debentures maturing on September 30, 2019 (the "Debentures") in accordance with the terms of the supplemental trust indenture dated July 3, 2012, governing the Debentures. The redemption of the Debentures will be effective on July 4, 2017 (the "Redemption Date"). Upon redemption, Crombie will pay to the holders of Debentures the redemption price (the "Redemption Price") equal to the outstanding principal amount of the Debentures to be redeemed, together with all accrued and unpaid interest thereon up to but excluding the Redemption Date, for a total of $1,013.01 per $1,000 principal amount of Debentures, less any taxes required to be deducted or withheld. The aggregate principal amount of Debentures currently outstanding is $60,000,000. Crombie intends to
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Crombie REIT appoints Debra Hess to Board of Trustees
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce the appointment of Debra Hess to its Board of Trustees effective immediately. Ms. Hess most recently served as Chief Financial Officer of Northstar Asset Management Group (NYSE: NSAM) and Northstar Realty Finance Corp (NYSE: NRF) in New York; a position she commenced in 2011 and continued until the NorthStar companies merged with a separate public company in January 2017. During Ms. Hess' tenure at the NorthStar companies, the organization enjoyed a period of significant growth and transformation. Prior to joining the Northstar companies, Debra held the position of Chief Financial Officer at H/2 Capital Partners and a portfolio company of Fortress Investment Group. Prior to 2003, she held senior positions at Goldman Sachs & Co., and the Chemical Banking Corporation. "We are extremely pleased to welcome Debra to our Board" commented Crombie Chair Frank Sobey.
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from May 1, 2017, to and including May 31, 2017. The distribution will be payable on June 15, 2017, to unitholders of record as at May 31, 2017. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 281 income-producing properties across Canada, comprising approximately 19.1 million square feet with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT <br />
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Crombie REIT reports annual meeting voting results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce that each of the nominees proposed for election at the general meeting of unitholders held on May 11, 2017 were elected. The vote was conducted by show of hands without a ballot. In compliance with TSX rules, following are the detailed proxy tabulations for the election of Trustees, with over 99% of the votes at the meeting being represented by proxy. Trustee Proxy tabulations For Withheld Donald E. Clow 92,113,612 (99.00%) 925,845 (1.00%) John C. Eby 92,236,194 (99.14%) 803,263 (0.86%) Brian A. Johnson 92,841,521 (99.79%) 197,936 (0.21%) J. Michael Knowlton 92,215,686 (99.11%) 823,771 (0.89%) Barbara Palk 92,864,472 (99.81%) 174,985 (0.19%) Elisabeth Stroback 91,923,415 (98.80%) 1,116,042 (1.20%) All other matters presented at the general meeting of unitholders were approved as presented. Crombie's full report of voting results on other matters can be found at
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Crombie REIT reports first quarter 2017 results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its financial results for the three months ended March 31, 2017. First quarter 2017 Highlights (In thousands of CAD dollars, except per unit amounts and as otherwise noted). Funds From Operations ("FFO"): FFO for the three months ended March 31, 2017 increased 14.2% to $43,928; or $0.29 per unit diluted, unchanged from the three months ended March 31, 2016. FFO payout ratio of 75.4% for the three months ended March 31, 2017 compared to 76.2% for the same period in 2016. Adjusted Funds From Operations ("AFFO"): AFFO for the three months ended March 31, 2017 increased 14.9% to $36,132; or $0.24 per unit diluted, unchanged from the three months ended March 31, 2016. AFFO payout ratio of 91.6% for the three months ended March 31, 2017 compared to 93.3% for the same period in 2016. FFO and AFFO for the three months ended March 31, 2017 have been impacted by approximately
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Crombie REIT Announces Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from April 1, 2017, to and including April 30, 2017. The distribution will be payable on May 15, 2017, to unitholders of record as at April 30, 2017. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 281 retail and office properties across Canada, comprising approximately 19.1 million square feet with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT <br />
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Crombie REIT Fiscal 2016 Annual General and Special Meeting and Q1 Fiscal 2017 Conference Call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold its Annual General and Special Meeting of Unitholders on Thursday, May 11, 2017 at Cineplex Cinemas, 612 East River Road, New Glasgow, Nova Scotia. The meeting is scheduled to begin at 11:00 a.m. (ADT). Webcast of AGM The Annual General and Special Meeting will be broadcast via live audio webcast. The webcast may be accessed at www.crombiereit.com . Time has been allotted at the end of the webcast for telephone questions. Call in numbers are: (888) 231-8191 (647) 427-7450 Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering password 1572278, until midnight, May 25, 2017, or on Crombie's website for 90 days after the meeting. Q1 Fiscal 2017 Conference Call Crombie will hold a conference call on Thursday, May 11, 2017 beginning at 12:00 p.m. (EDT) during which senior management will discuss the REIT's financial results for the first quarter ended March
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from March 1, 2017, to and including March 31, 2017. The distribution will be payable on April 13, 2017, to unitholders of record as at March 31, 2017. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 281 retail and office properties across Canada, comprising approximately 19.1 million square feet with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT <br />
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Crombie REIT Announces Offering of an Additional $75 Million Series B Notes
Crombie Real Estate Investment Trust (TSX: CRR.UN) announced today that it entered into an agreement with a syndicate of agents, co-led by TD Securities Inc. and CIBC World Markets Inc. and including BMO Nesbitt Burns Inc., National Bank Financial Inc., RBC Dominion Securities Inc., and Scotia Capital Inc. to sell, on a best efforts, private placement basis, an additional $75 million aggregate principal amount of 3.962 percent Series B Notes (senior unsecured) (the "Additional Notes") maturing June 1, 2021. The Additional Notes were priced with an effective yield to maturity of 3.48 percent and sold at a price of $1,018.84 per $1,000.00 principal amount plus accrued interest. The Additional Notes together with the outstanding Series B Notes will bring the total principal amount of Series B Notes outstanding to $175 million. The offering is expected to close on or about March 3, 2017 and is subject to customary closing conditions, including receipt of necessary
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Crombie Reit reports fourth quarter and fiscal 2016 results
Crombie Real Estate Investment Trust ("Crombie") (TSX:CRR.UN) is pleased to report its financial results for the three months and year ended December 31, 2016. Fourth quarter 2016 Highlights (In thousands of CAD dollars, except per unit amounts and as otherwise noted). Funds From Operations ("FFO"): FFO, as adjusted, for the year ended December 31, 2016 increased 11.2% to $166,235; or $1.17 per unit diluted, an increase of $0.04 per unit or 3.9% from the year ended December 31, 2015. FFO for the three months ended December 31, 2016 increased 18.6% to $45,452; or $0.30 per unit diluted, an increase of $0.01 per unit or 5.1% from the three months ended December 31, 2015. FFO, as adjusted, payout ratio of 75.6% for the year ended December 31, 2016 compared to 78.0% for the same period in 2015. FFO payout ratio of 72.6% for the three months ended December 31, 2016 compared to 76.3% for the same period in 2015. Adjusted Funds From Operations ("AFFO"):
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from February 1, 2017, to and including February 28, 2017. The distribution will be payable on March 15, 2017, to unitholders of record as at February 28, 2017. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 280 retail and office properties across Canada, comprising approximately 19.1 million square feet with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from January 1, 2017, to and including January 31, 2017. The distribution will be payable on February 15, 2017, to unitholders of record as at January 31, 2017. About Crombie REIT Crombie Real Estate Investment Trust is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 280 retail and office properties across Canada, comprising approximately 19.1 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT
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Crombie REIT Q4 Fiscal 2016 Conference Call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, February 23, 2017, beginning at 1:00 p.m. (E.S.T.) during which senior management will discuss the REIT's financial results for the fourth quarter and year ended December 31, 2016. Dial in numbers to join the conference call are: <br />(888) 231-8191 <br />(647) 427-7450 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com . Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering password 54107025, until midnight, March 9, 2017, or on the REIT's website for 90 days after the meeting. About Crombie REIT Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 280 commercial properties across Canada, comprising approximately 19.1
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Crombie REIT Announces Dispositions Update
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced that it has recently closed on the sale of four properties to Pro Real Estate Investment Trust ("Pro REIT"). Proceeds from the four properties were approximately $21.4 million excluding normal closing and transaction costs. The transaction comprises three properties located in Nova Scotia and one property in Prince Edward Island with a total gross leasable area of 215,000 square feet. Further details on the four properties are reflected in the table below: Property Municipality Province Property Type Gross Leasable Area Fort Edward Plaza Windsor NS Retail Plaza 122,000 Glace Bay Foodland Glace Bay NS Retail Freestanding 17,000 Sydney River Sobeys Sydney River NS Retail Freestanding 51,000 Montague Sobeys Montague PE Retail Freestanding 25,000 Since 2013, Crombie has sold nine Atlantic Canada properties in three separate transactions to Pro REIT. These transactions
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from December 1, 2016, to and including December 31, 2016. The distribution will be payable on January 13, 2017, to unitholders of record as at December 31, 2016. About Crombie REIT Crombie Real Estate Investment Trust is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 280 retail and office properties across Canada, comprising approximately 19.1 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores primarily in Canada's top urban and suburban markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from November 1, 2016, to and including November 30, 2016. The distribution will be payable on December 15, 2016, to unitholders of record as at November 30, 2016. About Crombie REIT Crombie Real Estate Investment Trust is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 284 retail and office properties across Canada, comprising approximately 19.4 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT
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Crombie REIT reports third quarter fiscal 2016 results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its financial results for the three and nine months ended September 30, 2016. Third quarter 2016 Highlights (In thousands of CAD dollars, except per unit amounts and as otherwise noted). Portfolio fair value of $4.7 billion. Completed acquisitions totalling 2,617,000 square feet for $539,833 before closing and transaction costs, including 36 retail properties; a 50% interest in three distribution centres; two parcels of development land adjacent to existing Crombie properties and a 50% interest in an additional development property; and, invested $58,823 in the renovation and expansion of 10 existing Sobeys anchored properties. Completed dispositions of 14 retail properties totalling 915,000 square feet for proceeds of approximately $163,050 before closing and transaction costs. Funds From Operations ("FFO"): FFO, as adjusted, for the nine months ended September 30, 2016
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from October 1, 2016, to and including October 31, 2016. The distribution will be payable on November 15, 2016, to unitholders of record as at October 31, 2016. About Crombie REIT Crombie Real Estate Investment Trust is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 283 retail and office properties across Canada, comprising approximately 19.4 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT
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Crombie REIT Q3 fiscal 2016 conference call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Wednesday, November 9, 2016, beginning at 12:00 p.m. (E.S.T.) during which senior management will discuss the REIT's financial results for the third quarter ended September 30, 2016. Dial in numbers to join the conference call are: <br />(888) 231-8191 <br />(647) 427-7450 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com . Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering password 93610677, until midnight, November 23, 2016, or on the REIT's website for 90 days after the meeting. About Crombie REIT Crombie Real Estate Investment Trust is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 283 retail and office properties across Canada, comprising approximately 19.4 million
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from September 1, 2016, to and including September 30, 2016. The distribution will be payable on October 14, 2016, to unitholders of record as at September 30, 2016. About Crombie REIT Crombie Real Estate Investment Trust is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 283 retail and office properties across Canada, comprising approximately 19.4 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from August 1, 2016, to and including August 31, 2016. The distribution will be payable on September 15, 2016, to unitholders of record as at August 31, 2016. About Crombie REIT Crombie Real Estate Investment Trust is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 283 retail and office properties across Canada, comprising approximately 19.4 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT
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Crombie REIT reports second quarter fiscal 2016 results
Crombie Real Estate Investment Trust ("Crombie") (TSX:CRR.UN) is pleased to report its financial results for the three and six months ended June 30, 2016. Second quarter 2016 Highlights (In thousands of CAD dollars, except per unit amounts and as otherwise noted). Portfolio fair value of $4.7 billion. Completed acquisitions totalling 2,537,000 square feet for $508,183 before closing and transaction costs, including 35 retail properties; 50% interest in three distribution centres; and, two parcels of development land adjacent to existing Crombie properties and invested $58,823 in the renovation and expansion of 10 existing Sobeys anchored properties. Completed dispositions of 12 retail properties totalling 846,000 square feet for proceeds of approximately $151,700 before closing and transaction costs. Funds From Operations ("FFO"): FFO, as adjusted, for the six months ended June 30, 2016 increased 0.5% to $75,216; or $0.56 per unit Diluted, a decrease of
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Crombie REIT Announces Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from July 1, 2016, to and including July 31, 2016. The distribution will be payable on August 15, 2016, to unitholders of record as at July 31, 2016. About Crombie REIT Crombie Real Estate Investment Trust is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 283 retail and office properties across Canada, comprising approximately 19.3 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT
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Crombie REIT Q2 fiscal 2016 conference call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, August 4, 2016, beginning at 12:00 p.m. (E.D.T.) during which senior management will discuss the REIT's financial results for the second quarter ended June 30, 2016. Dial in numbers to join the conference call are: <br />(888) 231-8191 <br />(647) 427-7450 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com . Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering password 47451662, until midnight, August 18, 2016, or on the REIT's website for 90 days after the meeting. About Crombie REIT Crombie Real Estate Investment Trust is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 283 retail and office properties across Canada, comprising approximately 19.3 million square
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Crombie REIT announces closing of $418 million Sobeys transaction and conversion of subscription receipts
Crombie Real Estate Investment Trust ("Crombie" or the "REIT") (TSX: CRR.UN) announced today that it has closed its previously announced $418 million purchase from wholly-owned subsidiaries of Empire Company Limited ("Empire") of: 1) a portfolio of nineteen (19) retail properties, 2) a 50% interest in three distribution centres, and 3) two parcels of development land adjacent to existing REIT properties, and investment in the renovation and expansion of 10 properties anchored by Sobeys Inc. and currently owned by Crombie (the "Transaction"), for aggregate consideration of approximately $324.6 million in cash, before customary closing adjustments, and approximately $93.4 million via the issuance to subsidiaries of Empire of 6,353,741 Class B LP Units of Crombie Limited Partnership (the "Class B LP Units"), together with the attached Special Voting Units of Crombie. The issuance of the Class B LP Units pursuant to the Transaction was
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Crombie REIT announces unitholder meeting voting results for $418 million transaction with Sobeys
At the meeting of unitholders of Crombie Real Estate Investment Trust ("Crombie" or the "REIT") (TSX: CRR.UN) held on June 28, 2016, the unitholders adopted resolutions approving the issuance of 6,353,741 Class B LP Units of Crombie Limited Partnership, together with the attached Special Voting Units of Crombie, to wholly-owned subsidiaries of Empire Company Limited ("Empire") as consideration for approximately $93.4 million of the proposed $418 million purchase of: 1) a portfolio of nineteen (19) retail properties, 2) a 50% interest in three distribution centres, and 3) two parcels of development land adjacent to existing REIT properties, and investment in the renovation and expansion of 10 properties anchored by Sobeys Inc. and currently owned by Crombie (the "Transaction"), all as more fully described in the Management Information Circular for Unitholder Meeting, a copy of which is available at www.sedar.com . There were 29,263,295 REIT units
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from June 1, 2016, to and including June 30, 2016. The distribution will be payable on July 15, 2016, to unitholders of record as at June 30, 2016. About Crombie REIT Crombie Real Estate Investment Trust is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 261 retail and office properties across Canada, comprising approximately 17.2 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT
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Crombie REIT announces closing of public offering of $131.6 million Subscription Receipts
Crombie Real Estate Investment Trust ("Crombie" or the "REIT") (TSX: CRR.UN) announced today that it has closed its previously announced offering to the public, on a bought deal basis, of 8,952,400 Subscription Receipts at a price of $14.70 per Subscription Receipt for aggregate gross proceeds of approximately $131.6 million (the "Offering"). On the closing, targeted for the end of June 2016, of Crombie's previously announced agreement with wholly-owned subsidiaries of Empire Company Limited ("Empire") to purchase 1) a portfolio of nineteen (19) retail properties, 2) a 50% interest in three distribution centres, and 3) two parcels of development land adjacent to existing REIT properties, and to invest in the renovation and expansion of 10 properties anchored by Sobeys Inc. and currently owned by Crombie (the "Transaction"), each Subscription Receipt will convert into one trust unit of the REIT. If the Transaction does not
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from May 1, 2016, to and including May 31, 2016. The distribution will be payable on June 15, 2016, to unitholders of record as at May 31, 2016. About Crombie REIT Crombie Real Estate Investment Trust is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 261 retail and office properties across Canada, comprising approximately 17.1 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.ca . SOURCE Crombie REIT
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IIROC Trade Resumption – CRR.UN
Trading resumes in: Company: Crombie Real Estate Investment Trust TSX Symbol: CRR.UN (all issues) Resumption (ET): Market Open IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions
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IIROC Trading Halt – CRR.UN
The following issues have been halted by IIROC: Company: Crombie REIT TSX Symbol: CRR.UN (all issues) Reason: Pending News Halt Time (ET): 4:11 PM IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions
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Crombie REIT Announces $418 Million Portfolio Transaction and Public Offering of $131.6 Million Subscription Receipts
NEW GLASGOW, NOVA SCOTIA-(Marketwired - May 12, 2016) - NOT FOR DISTRIBUTION OR DISSEMINATION INTO THE UNITED STATES OR THROUGH U.S. NEWS WIRE SERVICES Crombie Real Estate Investment Trust ("Crombie" or the "REIT") (TSX:CRR.UN) announced today that it has entered into an agreement to purchase: 1) a portfolio of nineteen (19) retail properties (the "Properties"), 2) a 50% interest in three distribution centres (the "DCs"), and 3) two parcels of development land adjacent to existing REIT properties (the "Land"), and to invest in the renovation and expansion of 10 properties anchored by Sobeys Inc. ("Sobeys") (the "Modernizations") currently owned by Crombie. The purchase includes approximately 2.2 million square feet of 99% occupied gross leasable area ("GLA") (the "Acquisition" or "Transaction"). The Properties, DCs, and Land are being acquired from wholly-owned subsidiaries of Empire
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Crombie REIT Reports Annual Meeting Voting Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce that each of the nominees proposed for election at the general meeting of unitholders held on May 5, 2016 were elected. The vote was conducted by show of hands without a ballot. In compliance with TSX rules, following are the detailed proxy tabulations for the appointment of Trustees, with over 99% of the votes at the meeting being represented by proxy. Trustee Proxy tabulations For Withheld Donald E. Clow 80,015,548 522,049 (99.35%) (0.65%) John C. Eby 80,384,310 153,287 (99.81%) (0.19%) Brian A. Johnson 80,357,915 179,682 (99.78%) (0.22%) J. Michael Knowlton 80,387,282 150,315 (99.81%) (0.19%) E. John Latimer 79,847,287 690,310 (99.14%) (0.86%) Barbara Palk 80,375,342 162,255 (99.80%) (0.20%) Elisabeth Stroback 80,015,548 522,049 (99.35%) (0.65%) Crombie's full report of voting results on other matters can be found at www.sedar.com . About Crombie REIT Crombie
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Crombie REIT reports first quarter results
Crombie Real Estate Investment Trust ("Crombie") (TSX:CRR.UN) is pleased to report its financial results for the three months ended March 31, 2016. First quarter 2016 Highlights (In thousands of CAD dollars, except per unit amounts and as otherwise noted). Portfolio fair value of $4.1 billion. Funds From Operations ("FFO"): FFO for the three months ended March 31, 2016 increased 6.1% to $37,961; or $0.29 per unit Diluted, an increase of $0.02 per unit from the three months ended March 31, 2015. FFO payout ratio of 77.2% for the three months ended March 31, 2016 compared to 81.3% for the same period in 2015. Adjusted Funds From Operations ("AFFO"): AFFO for the three months ended March 31, 2016 increased 7.1% to $32,048; or $0.24 per unit Diluted, an increase of $0.01 per unit from the three months ended March 31, 2015. AFFO payout ratio of 91.5% for the three months ended March 31, 2016 compared to 97.2% for the same period in 2015. Same-asset
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from April 1, 2016, to and including April 30, 2016. The distribution will be payable on May 13, 2016, to unitholders of record as at April 30, 2016. About Crombie REIT Crombie Real Estate Investment Trust is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 251 retail and office properties across Canada, comprising approximately 17.0 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at http://www.crombiereit.ca . SOURCE Crombie REIT
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Crombie REIT Fiscal 2015 Annual General Meeting and Q1 Fiscal 2016 Conference Call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold its Annual General Meeting of Unitholders on Thursday, May 5, 2016 at Cineplex Cinemas, 612 East River Road, New Glasgow, Nova Scotia. The meeting is scheduled to begin at 11:00 a.m. (ADT). Webcast of AGM The Annual General Meeting will be broadcast via live audio webcast. The webcast may be accessed at www.crombiereit.com . Time has been allotted at the end of the webcast for telephone questions. Call in numbers are: (888) 231-8191 (647) 427-7450 Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering passcode 65328246, until midnight, May 19, 2016, or on Crombie's website for 90 days after the meeting. Q1 Fiscal 2016 Conference Call Crombie will hold a conference call on Thursday, May 5, 2016 beginning at 12:00 p.m. (EDT) during which senior management will discuss the REIT's financial results for the first quarter ended March
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from March 1, 2016, to and including March 31, 2016. The distribution will be payable on April 15, 2016, to unitholders of record as at March 31, 2016. About Crombie REIT Crombie Real Estate Investment Trust is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 251 retail and office properties across Canada, comprising approximately 16.9 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombie.ca . SOURCE Crombie REIT
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Crombie Reit announces portfolio disposition
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it has closed on 10 properties of the previously announced 11 property portfolio. Proceeds from the 10 properties were approximately $142 million excluding normal closing and transaction costs compared to the previously announced proceeds of approximately $153 million for the 11 properties. The transaction comprises nine properties located in Ontario and one property in Quebec with a total gross leasable area of 791,000 square feet. Further details on the ten properties are reflected in the table below. The closing of the remaining property is expected to occur later in 2016. This is Crombie's latest disposition transaction after completing a number of smaller transactions in Atlantic Canada over the past two years that totalled approximately $68 million. With the closing of the transaction, Crombie owns 251 properties with 41.9% of its annual minimum rent from Atlantic Canada, 21.5%
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Crombie REIT reports fourth quarter and fiscal 2015 results
Crombie Real Estate Investment Trust ("Crombie") (TSX:CRR.UN) is pleased to report its financial results for the three months and year ended December 31, 2015. Fourth quarter 2015 Highlights (In thousands of CAD dollars, except per unit amounts and as otherwise noted). Portfolio fair value of $4.1 billion. Funds From Operations ("FFO"): FFO for the year ended December 31, 2015 increased 5.2% to $149,474; or $1.13 per unit Diluted, an increase of $0.03 per unit from the year ended December 31, 2014. FFO for the three months ended December 31, 2015 increased 5.4% to $38,311; or $0.29 per unit Diluted, an increase of $0.01 per unit from the three months ended December 31, 2014. FFO payout ratio of 78.0% for the year ended December 31, 2015 compared to 80.2% for the same period in 2014. FFO payout ratio of 76.3% for the three months ended December 31, 2015 compared to 79.9% for the same period in 2014. Adjusted Funds From Operations ("AFFO"): AFFO for
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from February 1, 2016, to and including February 29, 2016. The distribution will be payable on March 15, 2016, to unitholders of record as at February 29, 2016. About Crombie REIT Crombie Real Estate Investment Trust is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 261 retail and office properties across Canada, comprising approximately 17.7 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombie.ca . SOURCE Crombie REIT
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from January 1, 2016, to and including January 31, 2016. The distribution will be payable on February 15, 2016, to unitholders of record as at January 31, 2016. About Crombie REIT Crombie Real Estate Investment Trust is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 260 retail and office properties across Canada, comprising approximately 17.7 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombie.ca . SOURCE Crombie REIT
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Crombie REIT Q4 Fiscal 2015 Conference Call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, February 25, 2016, beginning at 12:30 p.m. (E.S.T.) during which senior management will discuss the REIT's financial results for the fourth quarter and year ended December 31, 2015. Dial in numbers to join the conference call are: <br />(888) 231-8191 <br />(647) 427-7450 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com . Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering password 32543024, until midnight, March 10, 2016, or on the REIT's website for 90 days after the meeting. About Crombie REIT Crombie Real Estate Investment Trust is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 260 retail and office properties across Canada, comprising approximately 17.7
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from December 1, 2015, to and including December 31, 2015. The distribution will be payable on January 15, 2016, to unitholders of record as at December 31, 2015. About Crombie REIT Crombie Real Estate Investment Trust is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 260 retail and office properties across Canada, comprising approximately 17.6 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombie.ca . SOURCE Crombie REIT
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from November 1, 2015, to and including November 30, 2015. The distribution will be payable on December 15, 2015, to unitholders of record as at November 30, 2015. About Crombie REIT Crombie Real Estate Investment Trust is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 260 retail and office properties across Canada, comprising approximately 17.6 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombie.ca . SOURCE Crombie REIT
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Crombie REIT reports third quarter results
Crombie Real Estate Investment Trust ("Crombie") (TSX:CRR.UN) is pleased to report its financial results for the three and nine months ended September 30, 2015. Third Quarter 2015 Highlights (In thousands of CAD dollars, except per unit amounts and as otherwise noted). Portfolio fair value of $4.0 billion. Funds From Operations ("FFO"): FFO for the nine months ended September 30, 2015 increased 5.2% to $111,163; or $0.84 per unit Diluted, an increase of $0.01 per unit from the nine months ended September 30, 2014. FFO for the three months ended September 30, 2015 decreased 0.1% to $36,312; or $0.28 per unit Diluted, unchanged from the three months ended September 30, 2014. FFO payout ratio of 78.6% for the nine months ended September 30, 2015 compared to 80.3% for the same period in 2014. FFO payout ratio of 80.3% for the three months ended September 30, 2015 compared to 79.9% for the same period in 2014. Adjusted Funds From Operations ("AFFO"):
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from October 1, 2015, to and including October 31, 2015. The distribution will be payable on November 13, 2015, to unitholders of record as at October 31, 2015. About Crombie REIT Crombie Real Estate Investment Trust is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 255 retail and office properties across Canada, comprising approximately 17.5 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombie.ca . SOURCE Crombie REIT
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Crombie REIT Q3 fiscal 2015 conference call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Tuesday, November 10, 2015, beginning at 12:00 p.m. (E.S.T.) during which senior management will discuss the REIT's financial results for the third quarter ended September 30, 2015. Dial in numbers to join the conference call are: <br />(888) 231-8191 <br />(647) 427-7450 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com . Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering password 57288109, until midnight, November 24, 2015, or on the REIT's website for 90 days after the meeting. About Crombie REIT <br />Crombie Real Estate Investment Trust is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 255 retail and office properties across Canada, comprising approximately 17.5 million
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from September 1, 2015, to and including September 30, 2015. The distribution will be payable on October 15, 2015, to unitholders of record as at September 30, 2015. About Crombie REIT Crombie Real Estate Investment Trust is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 255 retail and office properties across Canada, comprising approximately 17.5 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombie.ca . This news release contains forward-looking information reflecting management's expectations regarding timing and completion of the agreed sale,
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from August 1, 2015, to and including August 31, 2015. The distribution will be payable on September 15, 2015, to unitholders of record as at August 31, 2015. About Crombie REIT Crombie Real Estate Investment Trust is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 255 retail and office properties across Canada, comprising approximately 17.5 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombie.ca . This news release contains forward-looking information reflecting management's expectations regarding timing and completion of the agreed sale,
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Crombie REIT reports second quarter results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its financial results for the three and six months ended June 30, 2015. Second Quarter 2015 Highlights (In thousands of CAD dollars, except per unit amounts and as otherwise noted). Portfolio fair value of $4.0 billion. Funds From Operations ("FFO"): FFO for the six months ended June 30, 2015 increased 8.0% to $74,851; or $0.57 per unit Diluted, an increase of $0.02 per unit from the six months ended June 30, 2014. FFO for the three months ended June 30, 2015 increased 12.2% to $39,079; or $0.30 per unit Diluted, an increase of 0.03 per unit from the three months ended June 30, 2014. FFO payout ratio of 77.7% for the six months ended June 30, 2015 compared to 80.5% for the same period in 2014. FFO payout ratio of 74.5% for the three months ended June 30, 2015 compared to 81.8% for the same period in 2014. Adjusted Funds From Operations ("AFFO"): AFFO for the six months
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from July 1, 2015, to and including July 31, 2015. The distribution will be payable on August 14, 2015, to unitholders of record as at July 31, 2015. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 255 commercial properties across Canada, comprising approximately 17.4 million square feet with a strategy to own and operate a portfolio of primarily high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT Q2 fiscal 2015 conference call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, August 6, 2015, beginning at 2:30 p.m. (E.D.T.) during which senior management will discuss the REIT's financial results for the second quarter ended June 30, 2015. Dial in numbers to join the conference call are: <br />(647) 427-7450 <br />(888) 231-8191 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com . Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering password 75832852, until midnight, August 20, 2015, or on the REIT's website for 90 days after the meeting. Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 255 commercial properties across Canada, comprising approximately 17.4 million square feet
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from June 1, 2015, to and including June 30, 2015. The distribution will be payable on July 15, 2015, to unitholders of record as at June 30, 2015. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 255 commercial properties across Canada, comprising approximately 17.4 million square feet with a strategy to own and operate a portfolio of primarily high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from May 1, 2015, to and including May 31, 2015. The distribution will be payable on June 15, 2015, to unitholders of record as at May 31, 2015. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 255 commercial properties across Canada, comprising approximately 17.4 million square feet with a strategy to own and operate a portfolio of primarily high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT reports annual meeting voting results
Crombie Real Estate Investment Trust (TSX: CRR.UN) is pleased to announce that each of the nominees proposed for election at the annual general meeting of unitholders held on May 14, 2015 were elected. The vote was conducted by show of hands without a ballot. In compliance with TSX rules, following are the detailed proxy tabulations for the appointment of Trustees, with over 99% of the votes at the meeting being represented by proxy. Trustee Proxy Tabulations For Withheld Donald E. Clow 85,408,468 (99.80%) 168,652 (0.20%) John C. Eby 85,498,648 (99.91%) 78,472 (0.09%) Barbara Palk 85,482,736 (99.89%) 94,384 (0.11%) Brian A. Johnson 85,490,468 (99.90%) 86,652 (0.10%) J. Michael Knowlton 85,496,470 (99.91%) 80,650 (0.09%) E. John Latimer 85,246,778 (99.61%) 330,342 (0.39%) Elisabeth Stroback 85,484,406 (99.89%) 92,714 (0.11%) Crombie's full report of voting results on other matters can be found at www.sedar.com . About Crombie Crombie Real Estate Investment Trust is
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Crombie REIT reports first quarter results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its financial results for the three months ended March 31, 2015. First Quarter 2015 Highlights (In thousands of CAD dollars, except per unit amounts and as otherwise noted). Portfolio fair value of $4.0 billion. Funds From Operations ("FFO"): FFO for the three months ended March 31, 2015 increased 3.7% to $35,772; or $0.27 per unit Diluted, a decrease of $0.01 per unit from the three months ended March 31, 2014. The variance was impacted by the write off of the deferred finance charges on the early redemption of the $45,000 Series C convertible debentures. FFO payout ratio of 81.3% for the three months ended March 31, 2015 compared to 79.3% for the same period in 2014. Adjusted Funds From Operations ("AFFO"): AFFO for the three months ended March 31, 2015 increased 4.0% to $29,917; or $0.23 per unit Diluted, unchanged from the three months ended March 31, 2014. AFFO payout
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from April 1, 2015, to and including April 30, 2015. The distribution will be payable on May 15, 2015, to unitholders of record as at April 30, 2015. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 256 commercial properties across Canada, comprising approximately 17.4 million square feet with a strategy to own and operate a portfolio of primarily high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from March 1, 2015, to and including March 31, 2015. The distribution will be payable on April 15, 2015, to unitholders of record as at March 31, 2015. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 256 commercial properties across Canada, comprising approximately 17.4 million square feet with a strategy to own and operate a portfolio of primarily high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie Reit reports fourth quarter and fiscal 2014 results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its financial results for the three months and year ended December 31, 2014. Fourth Quarter 2014 Highlights (In thousands of CAD dollars, except per unit amounts and as otherwise noted). Portfolio fair value of $3.9 billion. Funds From Operations ("FFO"): FFO for the year ended December 31, 2014 increased 31.1% to $142,052; or $1.10 per unit Diluted, unchanged per unit from the same period in 2013. FFO for the three months ended December 31, 2014 increased 19.9% to $36,363; or $0.28 per unit Diluted, an increase of $0.01 per unit from the three months ended December 31, 2013. FFO payout ratio of 80.2% for the year ended December 31, 2014 compared to 79.9% for the same period in 2013. FFO payout ratio of 79.9% for the three months ended December 31, 2014 compared to 83.0% for the same period in 2013. Adjusted Funds From Operations ("AFFO"): AFFO for the year ended December
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Crombie REIT Announces Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from February 1, 2015, to and including February 28, 2015. The distribution will be payable on March 13, 2015, to unitholders of record as at February 28, 2015. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 256 commercial properties across Canada, comprising approximately 17.4 million square feet with a strategy to own and operate a portfolio of primarily high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT Announces $125 Million Bought Deal Notes Offering
STELLARTON, NOVA SCOTIA-(Marketwired - Feb. 3, 2015) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Crombie Real Estate Investment Trust (TSX:CRR.UN) announced today that it has entered into an agreement with a syndicate of underwriters, co-led by Scotia Capital Inc., CIBC World Markets Inc. and BMO Nesbitt Burns Inc. and including National Bank Financial Inc., RBC Dominion Securities Inc. and TD Securities Inc., to sell, on a bought-deal, private placement basis, $125 million aggregate principal amount of 2.775 percent Series C Notes (senior unsecured) with a five-year term maturing February 10, 2020. The offering is expected to close on or about February 10, 2015 and is subject to customary closing conditions, including receipt of necessary consents and approvals and the Series C Notes receiving a rating of at least BBB(low) with stable trend from DBRS. The net proceeds of the offering will be used to repay existing debt, including the
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Crombie REIT Q4 fiscal 2014 conference call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, February 26, 2015, beginning at 12:30 p.m. (E.S.T.) during which senior management will discuss the REIT's financial results for the fourth quarter and year ended December 31, 2014. Dial in numbers to join the conference call are: <br />(647) 427-7450 <br />(888) 231-8191 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com . Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering password 78715427, until midnight, March 12, 2015, or on the REIT's website for 90 days after the meeting. Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 255 commercial properties across Canada, comprising approximately 17.4
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from January 1, 2015, to and including January 31, 2015. The distribution will be payable on February 13, 2015, to unitholders of record as at January 31, 2015. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 255 commercial properties across Canada, comprising approximately 17.4 million square feet with a strategy to own and operate a portfolio of primarily high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT announces redemption of outstanding 5.75% Series C convertible debentures due June 30, 2017
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it has exercised its right to redeem its 5.75% Series C Convertible Unsecured Subordinated Debentures maturing on June 30, 2017 (the "Debentures") in accordance with the terms of the trust indenture dated February 8, 2010, governing the Debentures. The redemption of the Debentures will be effective on February 18, 2015 (the "Redemption Date"). Upon redemption, Crombie will pay to the holders of Debentures the redemption price (the "Redemption Price") equal to the outstanding principal amount of the Debentures to be redeemed, together with all accrued and unpaid interest thereon up to but excluding the Redemption Date, for a total of $1,007.56 per $1,000 principal amount of Debentures, less any taxes required to be deducted or withheld. The aggregate principal amount of Debentures currently outstanding is $45,000,000. Crombie intends to draw
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from December 1, 2014, to and including December 31, 2014. The distribution will be payable on January 15, 2015, to unitholders of record as at December 31, 2014. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 256 commercial properties across Canada, comprising approximately 17.7 million square feet with a strategy to own and operate a portfolio of primarily high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT announces Monthly Distribution and Distribution Reinvestment Plan
Crombie REIT (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from November 1, 2014 to and including November 30, 2014. The distribution will be payable on December 15, 2014, to unitholders of record as at November 30, 2014. Crombie REIT also announced that it is instituting a Distribution Reinvestment Plan (DRIP) to enable Canadian resident REIT unitholders to automatically reinvest cash distributions paid on their Crombie REIT units in additional REIT units. To enroll in the DRIP, unitholders must contact the broker, dealer, bank or other market participant who holds their REIT units. REIT unitholders will be eligible to participate in the DRIP beginning with the distribution record date November 30, 2014 provided that their broker, dealer, bank or other market participant has enrolled them on or before that date. REIT units to be issued under the DRIP will be issued directly from treasury of Crombie REIT at a price equal to 97% of the
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Crombie REIT reports third quarter results and pending acquisitions
Crombie Real Estate Investment Trust ("Crombie") (TSX:CRR.UN) is pleased to report its financial results for the three months and nine months ended September 30, 2014. Third Quarter 2014 Highlights (In thousands of CAD dollars, except per unit amounts and as otherwise noted). Portfolio fair value of $3.9 billion. Funds From Operations ("FFO"): FFO for the nine months ended September 30, 2014 increased 35.4% to $105,689; or $0.83 per unit Diluted, unchanged from the same period in 2013. FFO for the three months ended September 30, 2014 increased 40.7% to $36,359; or $0.28 per unit Diluted, unchanged from the three months ended September 30, 2013. FFO payout ratio of 80.3% for the nine months ended September 30, 2014 compared to 78.7% for the same period in 2013. FFO payout ratio 79.9% for the three months ended September 30, 2014 compared to 79.5% for the same period in 2013. Adjusted Funds From Operations ("AFFO"): AFFO for the nine months ended September
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from October 1, 2014, to and including October 31, 2014. The distribution will be payable on November 14, 2014, to unitholders of record as at October 31, 2014. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 246 commercial properties across Canada, comprising approximately 17.2 million square feet with a strategy to own and operate a portfolio of primarily high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT Q3 fiscal 2014 conference call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, November 13, 2014, beginning at 11:30 a.m. (E.S.T.) during which senior management will discuss the REIT's financial results for the third quarter ended September 30, 2014. Dial in numbers to join the conference call are: <br />(647) 427-7450 <br />(888) 231-8191 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com . Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering password 23307055, until midnight, November 27, 2014, or on the REIT's website for 90 days after the meeting. Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 250 commercial properties across Canada, comprising approximately 17.6 million square
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Crombie REIT Announces Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from September 1, 2014, to and including September 30, 2014. The distribution will be payable on October 15, 2014, to unitholders of record as at September 30, 2014. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 250 commercial properties across Canada, comprising approximately 17.6 million square feet with a strategy to own and operate a portfolio of primarily high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from August 1, 2014, to and including August 31, 2014. The distribution will be payable on September 15, 2014, to unitholders of record as at August 31, 2014. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 250 commercial properties across Canada, comprising approximately 17.6 million square feet with a strategy to own and operate a portfolio of primarily high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT reports second quarter results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its financial results for the three months and six months ended June 30, 2014. Second Quarter 2014 Highlights (In thousands of CAD dollars, except per unit amounts and as otherwise noted). Portfolio fair value of $3.9 billion. <br /><br />Funds From Operations ("FFO"): FFO for the six months ended June 30, 2014 increased 32.8% to $69,330; or $0.55 per unit Diluted, a decrease of $0.01 per unit from the same period in 2013. <br /><br />FFO for the three months ended June 30, 2014 increased 31.5% to $34,836; or $0.27 per unit Diluted, a decrease of $0.01 per unit from the three months ended June 30, 2013. <br /><br />FFO payout ratio of 80.5% for the six months ended June 30, 2014 compared to 78.4% for the same period in 2013. <br /><br />FFO payout ratio of 81.8% for the three months ended June 30, 2014 compared to 77.3% for the three months ended June 30, 2013. Adjusted Funds From
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from July 1, 2014, to and including July 31, 2014. The distribution will be payable on August 15, 2014, to unitholders of record as at July 31, 2014. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 250 commercial properties across Canada, comprising approximately 17.6 million square feet with a strategy to own and operate a portfolio of primarily high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT Q2 Fiscal 2014 Conference Call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Friday, August 8, 2014, beginning at 12:00 p.m. (E.D.T.) during which senior management will discuss the REIT's financial results for the second quarter ended June 30, 2014. Dial in numbers to join the conference call are: <br />(647) 427-7450 <br />(888) 231-8191 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com . Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering password 76367802, until midnight, August 22, 2014, or on the REIT's website for 90 days after the meeting. Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 250 commercial properties across Canada, comprising approximately 17.6 million square feet with a
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from June 1, 2014, to and including June 30, 2014. The distribution will be payable on July 15, 2014, to unitholders of record as at June 30, 2014. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 250 commercial properties across Canada, comprising approximately 17.6 million square feet with a strategy to own and operate a portfolio of primarily high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT announces completion of its public offering of $60 million of trust units & private placement of $40 million of Class B LP Units
"NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES" Crombie Real Estate Investment Trust ("Crombie" or the "REIT") (TSX: CRR.UN) announced today that it closed the previously announced public offering, on a bought-deal basis, of 4,530,000 trust units (the "Units") at a price of $13.25 per Unit for gross proceeds of $60,022,500. The offering was made under Crombie's prospectus supplement dated May 23, 2014 supplementing the (final) base shelf prospectus dated May 13, 2014. In addition to the issuance of Units to the public, ECL Developments Limited ("ECL"), a wholly-owned subsidiary of Empire Company Limited (TSX: EMP.A), has purchased, on a private placement basis, 3,018,868 Class B LP Units of Crombie Limited Partnership ("Class B LP Unit") together with the attached Special Voting Units of Crombie at a price of $13.25 per Class B LP Unit, for gross proceeds of approximately
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Crombie REIT Announces Public Offering of $60 Million of Trust Units & Private Placement of $40 Million of Class B LP Units
STELLARTON, NOVA SCOTIA-(Marketwired - May 21, 2014) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Crombie Real Estate Investment Trust ("Crombie" or the "REIT") (TSX:CRR.UN) announced today that it has entered into an agreement to sell, subject to regulatory approval and on a bought-deal basis, $60 million of trust units (the "Units") at a price of $13.25 per Unit to a syndicate of underwriters co-led by CIBC, Scotiabank, TD Securities Inc. and BMO Capital Markets. Closing is expected to occur on or about May 30, 2014, subject to receipt of the Toronto Stock Exchange and other necessary regulatory approvals. In addition, ECL Developments Limited ("ECL"), a wholly-owned subsidiary of Empire Company Limited, will purchase approximately $40 million of Class B LP Units on the same terms in satisfaction of its pre-emptive right with respect to the offering. The REIT intends to use the net proceeds from
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Crombie Reit announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from May 1, 2014, to and including May 31, 2014. The distribution will be payable on June 16, 2014, to unitholders of record as at May 31, 2014. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 250 commercial properties across Canada, comprising approximately 17.6 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie Reit reports annual meeting voting results
Crombie Real Estate Investment Trust (TSX: CRR.UN) is pleased to announce that each of the nominees proposed for election at the annual general and special meeting of unitholders held on May 14, 2014 were elected. Following are the detailed results on voting for the appointment of Trustees. Trustee Voting Results For Withheld Donald E. Clow 81,858,741 (99.93%) 53,613 (0.07%) John C. Eby 79,205,716 (96.70%) 2,706,638 (3.30%) Barbara Palk 81,855,298 (99.93%) 57,056 (0.07%) Brian A. Johnson 81,857,308 (99.93%) 55,046 (0.07%) J. Michael Knowlton 81,855,943 (99.93%) 56,411 (0.07%) E. John Latimer 81,855,085 (99.93%) 57,269 (0.07%) Elisabeth Stroback 81,858,741 (99.93%) 53,613 (0.07%) Crombie's report containing detailed voting results on other matters can be found at www.sedar.com . About Crombie Crombie Real Estate Investment Trust is an open-ended real
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Crombie REIT reports first quarter results
Crombie Real Estate Investment Trust ("Crombie") (TSX:CRR.UN) is pleased to report its financial results for the first quarter ended March 31, 2014. First Quarter 2014 Highlights (In thousands of CAD dollars, except per unit amounts and as otherwise noted). Portfolio fair value of $3.9 billion. <br /><br />Funds From Operations ("FFO"): <br />FFO per unit fully diluted remained stable at $0.28, unchanged from the same period in 2013. <br /><br />FFO grew by 34.1% over the same period in 2013 ($34,494 vs. $25,721). <br /><br />FFO payout ratio decreased slightly to 79.3% compared to 79.5% for the same period in 2013. <br />Adjusted Funds From Operations ("AFFO"): <br />AFFO per unit fully diluted remained stable at $0.23, unchanged from the same period in 2013. <br /><br />AFFO grew by 33.2% over the same period in 2013 ($28,769 vs. $21,606). <br /><br />AFFO payout ratio increased slightly to 95.1% compared to 94.6% for the same period in 2013. <br
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Crombie REIT Fiscal 2013 Annual General and Special Meeting and Q1 Fiscal 2014 Conference Call
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from April 1, 2014, to and including April 30, 2014. The distribution will be payable on May 15, 2014, to unitholders of record as at April 30, 2014. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 249 commercial properties across Canada, comprising approximately 17.6 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT Announces Leadership Team Additions
Donald Clow, FCA, President and CEO of Crombie REIT, today announced changes to its leadership team due to the REIT's growth over the last three years including its recent acquisition of 70 Safeway properties in Western Canada from Sobeys Inc., which propelled Crombie into a national retail landlord with 249 properties at total value nearing $4 billion. The leadership changes are as follows: Glenn Hynes, FCA, currently Chief Financial Officer (CFO) and Secretary, becomes Executive Vice President, CFO and Secretary. Patrick Martin, MBA, formerly Regional Vice President Atlantic Canada, becomes Executive Vice President, Operations. Pat will have executive responsibility for operations nationally across Canada. Reporting to Pat are Scott MacLean, Regional Vice President, Atlantic Canada, Gary Finkelstein, Regional Vice President, Central Canada, and Trevor Lee, in the newly created role of Regional Vice President, Western Canada. Clow commented
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from March 1, 2014, to and including March 31, 2014. The distribution will be payable on April 15, 2014, to unitholders of record as at March 31, 2014. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 249 commercial properties across Canada, comprising approximately 17.6 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT Announces Closing of $100 Million Series B Unsecured Notes Offering
"NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES" Crombie Real Estate Investment Trust (TSX: CRR.UN) announced today that it has closed its previously announced $100 million principal amount Series B Notes (senior unsecured) (the "Notes") offering. The Notes carry a coupon rate of 3.962 percent and priced at a premium with an effective yield of 3.90 percent and mature on June 1, 2021 for an approximate term of seven years and three months. The private placement offering was underwritten by a syndicate of dealers co-led by Scotia Capital Inc., CIBC World Markets Inc. and BMO Nesbitt Burns Inc. and included RBC Dominion Securities Inc., TD Securities Inc. and National Bank Financial Inc. DBRS has assigned a credit rating of BBB(low) with stable trend to the Series B Notes. The net proceeds of the Series B Notes will be used to repay existing debt and for general corporate purposes. About Crombie Crombie Real Estate Investment
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Crombie REIT Announces $100 Million Bought Deal Notes Offering
"NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES" Crombie Real Estate Investment Trust (TSX: CRR.UN) announced today that it entered into an agreement with a syndicate of underwriters, co-led by Scotia Capital Inc., CIBC World Markets Inc. and BMO Nesbitt Burns Inc. and including RBC Dominion Securities Inc., TD Securities Inc. and National Bank Financial Inc. to sell, on a bought deal, private placement basis, $100 million aggregate principal amount of 3.962 percent Series B Notes (senior unsecured) with an approximate seven-year and three-month term maturing June 1, 2021. The offering is expected to close on or about March 5, 2014 and is subject to customary closing conditions, including receipt of necessary consents and approvals and the Series B Notes receiving a rating of at least BBB(low) with stable trend from DBRS. The net proceeds of the offering will be used to repay existing debt and for general corporate purposes. The
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Crombie REIT reports fourth quarter and fiscal 2013 results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its financial results for the three months and year ended December 31, 2013. Year to Date and Fourth Quarter 2013 Highlights (In thousands of CAD dollars, except per unit amounts and as otherwise noted). Funds From Operations ("FFO") and Adjusted Funds From Operations ("AFFO") in this News Release are based on "as adjusted" amounts as further explained in Crombie's MD&A for December 31, 2013. Acquisition of a portfolio of 70 retail properties, adding 3 million square feet, from a subsidiary of Sobeys Inc., a related party, for $991.3 million on November 3, 2013. <br /><br />Portfolio fair value of $3.9 billion. <br /><br />Crombie was assigned an investment grade credit rating of BBB (low) with a Stable trend by DBRS. <br /><br />FFO for the year ended December 31, 2013 increased 20.0% to $108,376 or $1.10 per unit Diluted, a 4.1% increase over the same
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from February 1, 2014, to and including February 28, 2014. The distribution will be payable on March 17, 2014, to unitholders of record as at February 28, 2014. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 249 commercial properties across Canada, comprising approximately 17.6 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT
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/R E P E A T — Crombie REIT Q4 fiscal 2013 conference call/
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, February 27, 2014, beginning at 2:00 p.m. (E.S.T.) during which senior management will discuss the REIT's financial results for the fourth quarter and year ended December 31, 2013. Dial in numbers to join the conference call are: <br />(647) 427-7450 <br />(888) 231-8191 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com . Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering password 92921878, until midnight, March 13, 2014, or on the REIT's website for 90 days after the meeting. Crombie is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 249 commercial properties across Canada, comprising approximately 17.6 million square feet with a strategy to own and
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Crombie REIT Q4 fiscal 2013 conference call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, February 27, 2014, beginning at 2:00 p.m. (E.S.T.) during which senior management will discuss the REIT's financial results for the fourth quarter and year ended December 31, 2013. Dial in numbers to join the conference call are: <br />(647) 427-7450 <br />(888) 231-8191 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com . Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering password 92921878, until midnight, March 13, 2014, or on the REIT's website for 90 days after the meeting. Crombie is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 249 commercial properties across Canada, comprising approximately 17.6 million square feet with a strategy to own and
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from January 1, 2014, to and including January 31, 2014. The distribution will be payable on February 17, 2014, to unitholders of record as at January 31, 2014. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 249 commercial properties across Canada, comprising approximately 17.6 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from December 1, 2013, to and including December 31, 2013. The distribution will be payable on January 15, 2014, to unitholders of record as at December 31, 2013. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 249 commercial properties across Canada, comprising approximately 17.6 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT Announces Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from November 1, 2013, to and including November 30, 2013. The distribution will be payable on December 16, 2013, to unitholders of record as at November 30, 2013. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 250 commercial properties across Canada, comprising approximately 17.6 million square feet with a strategy to own and operate a portfolio of high quality grocery and drug store anchored shopping centres and freestanding stores in Canada's top 36 markets. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT reports solid third quarter results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report strong results for the three months and nine months ended September 30, 2013. Year to Date and Third Quarter 2013 Highlights (In thousands of CAD dollars, except per unit amounts and as otherwise noted) Strong 10.2% growth in Funds From Operations ("FFO") per unit for the nine months ended September 30, 2013, as FFO per unit fully diluted ("FD") was $0.83 per unit compared to $0.76 per unit FD for the same period in 2012. FFO grew 23.1% over the same period in 2012 ($78,052 vs $63,386) with the FFO payout ratio 78.7% compared to 87.2% for the same period in 2012. 13.2% growth in FFO per unit for the three months ended September 30, 2013 ("Q3") as FFO per unit FD was $0.28 compared to $0.24 for the same period in 2012. Q3 FFO grew 21.1% over the same period in 2012 ($25,841 vs $21,338) with the FFO payout ratio of 79.5% compared to 90.7% for the same period in
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/R E P E A T — Crombie REIT Q3 Fiscal 2013 Conference Call/
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Friday, November 8, 2013, beginning at 12:30 p.m. (E.S.T.) during which senior management will discuss the REIT's financial results for the third quarter ended September 30, 2013. Dial in numbers to join the conference call are: <br />(647) 427-7450 <br />(888) 231-8191 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com . Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering password 92977150, until midnight, November 22, 2013, or on the REIT's website for 90 days after the meeting. Crombie is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 180 commercial properties across Canada, comprising approximately 14.6 million square feet with a strategy to own and operate
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Crombie REIT Announces Closing of $991.3 Million Acquisition
"NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES" Crombie Real Estate Investment Trust (TSX: CRR.UN) announced today that it has closed its previously announced acquisition of a portfolio of seventy (70) retail properties representing approximately 3.0 million square feet of 100% occupied gross leasable area. The properties were acquired from a wholly-owned subsidiary of Sobeys Inc. for an aggregate purchase price of $991.3 million, subject to certain customary adjustments, in accordance with the acquisition agreement announced on July 24, 2013, Unitholder approval received at a Special Meeting of Unitholders on September 19, 2013 and regulatory approval. Pursuant to the acquisition agreement, two of the original proposed properties were excluded from the transaction and replaced by four other properties, resulting in the final acquisition being adjusted from 68 properties to 70 properties and from a $990 million purchase price
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Crombie REIT announces closing of $175 million Series A Notes offering
"NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES" Crombie Real Estate Investment Trust (TSX: CRR.UN) announced today that it has completed its previously announced $175 million offering on a private placement basis of 3.986% Series A Notes with a five-year term due October 31, 2018 (Senior Unsecured). The Series A Notes were offered at a price of $1,000 per $1,000 principal amount. The Series A Notes were sold pursuant to an Agency Agreement with a syndicate of agents, co-led by Scotia Capital Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc. and including RBC Dominion Securities Inc. and TD Securities Inc. The Series A Notes received a provisional rating of BBB (low) with a stable trend from DBRS, subject to the completion of Crombie's previously announced acquisition of a portfolio of retail properties from a wholly-owned subsidiary of Sobeys Inc. The net proceeds from the sale of the Series A Notes will be held in
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Crombie REIT Q3 Fiscal 2013 Conference Call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Friday, November 8, 2013, beginning at 12:30 p.m. (E.S.T.) during which senior management will discuss the REIT's financial results for the third quarter ended September 30, 2013. Dial in numbers to join the conference call are: <br />(647) 427-7450 <br />(888) 231-8191 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com . Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering password 92977150, until midnight, November 22, 2013, or on the REIT's website for 90 days after the meeting. Crombie is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 180 commercial properties across Canada, comprising approximately 14.6 million square feet with a strategy to own and operate
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Crombie REIT announces $175 million notes offering
Crombie Real Estate Investment Trust (TSX: CRR.UN) announced today that it has entered into an agency agreement with a syndicate of agents, co-led by Scotia Capital Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc. and including RBC Dominion Securities Inc. and TD Securities Inc., to sell on a private placement "best efforts" agency basis $175 million aggregate principal amount of 3.986 percent Series A Notes (senior unsecured) with a five-year term. The offering is expected to close on or about October 31, 2013 and is subject to customary closing conditions, including receipt of necessary consents and approvals and the Series A Notes receiving a rating of at least BBB (low) with a stable trend from DBRS. Upon completion of the offering, the net proceeds from the sale of the Series A Notes will be held in escrow by an escrow agent pending the satisfaction of the conditions to closing, among other things, in connection with Crombie's previously announced acquisition
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Crombie REIT Announces Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from October 1, 2013, to and including October 31, 2013. The distribution will be payable on November 15, 2013, to unitholders of record as at October 31, 2013. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie currently owns a portfolio of 180 commercial properties across Canada, comprising approximately 14.6 million square feet with a strategy to own and operate a portfolio of primarily high quality grocery and drug store anchored shopping centres and freestanding stores in the top 36 markets or stable or growing trade areas in Canada. More information about Crombie can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT assigned a DBRS Issuer Provisional Rating of BBB (low) with Stable trend
Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") today announced that it has been assigned a DBRS Provisional Rating of BBB (low) with a Stable trend. This is the first time DBRS has rated Crombie. In its report, DBRS noted Crombie's steady earnings growth resulting from property acquisitions from Empire Company Limited ("Empire") and Sobeys Inc. ("Sobeys") including properties to be acquired from Sobeys as part of the pending Canada Safeway transaction, as well as third-party vendors; the quality and defensive nature of Crombie's grocery and drugstore anchored retail properties; improving geographic diversification in urban markets; and the long term leases with Sobeys, Crombie's major tenant. DBRS also noted Crombie's track record of consistent, conservative financial management. "Crombie is pleased to have achieved this institutional investment grade credit rating as it acknowledges the quality
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Crombie REIT reports special meeting voting results
At the special meeting of unitholders of Crombie Real Estate Investment Trust (TSX: CRR.UN) ("Crombie") held on September 19, 2013, unitholders adopted resolutions approving the proposed acquisition of a portfolio of 68 retail properties, each currently anchored by a Canada Safeway store from Sobeys West Inc., a wholly-owned subsidiary of Sobeys Inc. (the "Acquisition"), and a related $150 million private placement of Class B LP Units of Crombie LP to ECL Developments Ltd., an affiliate of Sobeys Inc. (the "Private Placement"), and also approved an amendment to Crombie's Declaration of Trust, all as more fully described in the Management Information Circular for the special meeting, a copy of which is available at www.sedar.com . There were 20,325,237 REIT units and 38,430,221 Special Voting Units represented in person or by proxy at the meeting, representing an aggregate of 63.8% of all eligible votes. After excluding votes required to be excluded
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from September 1, 2013, to and including September 30, 2013. The distribution will be payable on October 15, 2013, to unitholders of record as at September 30, 2013. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 180 commercial properties in nine provinces, comprising approximately 14.6 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT announces redemption of outstanding Series B Convertible Debentures due June 30, 2015
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it is exercising its right to redeem all of its outstanding Series B Convertible Unsecured Subordinated Debentures maturing on June 30, 2015 (the "Series B Debentures") in accordance with the terms of the trust indenture dated September 30, 2009 governing the Series B Debentures. The redemption of the Series B Debentures will be effective on October 11, 2013 (the "Redemption Date"). Upon redemption, Crombie will pay to the holders of Series B Debentures the redemption price (the "Redemption Price") equal to the outstanding principal amount of the Series B Debentures to be redeemed, together with all accrued and unpaid interest thereon up to but excluding the Redemption Date, for a total of $1,017.64 per $1,000 principal amount of Series B Debentures, less any taxes required to be deducted or withheld. The aggregate principal amount of Series B Debentures
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from August 1, 2013, to and including August 31, 2013. The distribution will be payable on September 16, 2013, to unitholders of record as at August 31, 2013. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 176 commercial properties in nine provinces, comprising approximately 14.5 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT Reports Strong Second Quarter Results And $990 Million Pending Acquisition
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report strong results for the three months and six months ended June 30, 2013. Year to Date and Second Quarter 2013 Highlights (In thousands of CAD dollars, except per unit amounts and as otherwise noted) Strong 8.6% growth in Funds From Operations ("FFO") per unit for the six months ended June 30, 2013, as FFO per unit fully diluted ("FD") was $0.56 per unit compared to $0.51 per unit FD for the same period in 2012. FFO grew 24.2% over the same period in 2012 ($52,211 vs $42,048) with the FFO payout ratio of 78.4% compared to 85.4% for the same period in 2012. 5.8% growth in FFO per unit for the three months ended June 30, 2013 ("Q2") as FFO per unit FD was $0.28 compared to $0.26 for the same period in 2012. Q2 FFO grew 16.5% over the same period in 2012 ($26,490 vs $22,747) with the FFO payout ratio of 77.3% compared to 82.5% for the same period in 2012. Strong
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/R E P E A T — Crombie REIT Q2 fiscal 2013 conference call/
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, August 8, 2013, beginning at 3:00 p.m. (E.D.T.) during which senior management will discuss the REIT's financial results for the second quarter ended June 30, 2013. Dial in numbers to join the conference call are: <br />(647) 427-7450 <br />(888) 231-8191 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com . Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering password 15404464, until midnight, August 22, 2013, or on the REIT's website for 90 days after the meeting. Crombie is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail
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IIROC Trade Resumption – CRR.UN
Trading resumes in: Company: Crombie REIT TSX Symbol: CRR.UN (all issues) Resumption: Open The Investment Industry Regulatory Organization of Canada (IIROC) can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Investment Industry Regulatory Organization of Canada (IIROC)
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IIROC Trading Halt – CRR.UN
The following issues have been halted by IIROC: Company: Crombie Real Estate Investment Trust TSX Symbol: CRR.UN Reason: Pending News <br />Halt Time (ET): 3:05 PM ET The Investment Industry Regulatory Organization of Canada (IIROC) can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Investment Industry Regulatory Organization of Canada (IIROC)
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Crombie REIT Q2 fiscal 2013 conference call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, August 8, 2013, beginning at 3:00 p.m. (E.D.T.) during which senior management will discuss the REIT's financial results for the second quarter ended June 30, 2013. Dial in numbers to join the conference call are: <br />(647) 427-7450 <br />(888) 231-8191 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com . Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering password 15404464, until midnight, August 22, 2013, or on the REIT's website for 90 days after the meeting. Crombie is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from July 1, 2013, to and including July 31, 2013. The distribution will be payable on August 15, 2013, to unitholders of record as at July 31, 2013. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 176 commercial properties in nine provinces, comprising approximately 14.5 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . SOURCE Crombie REIT
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Crombie REIT Announces Monthly Distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from June 1, 2013, to and including June 30, 2013. The distribution will be payable on July 15, 2013, to unitholders of record as at June 30, 2013. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 176 commercial properties in nine provinces, comprising approximately 14.5 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com .
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from May 1, 2013, to and including May 31, 2013. The distribution will be payable on June 17, 2013, to unitholders of record as at May 31, 2013. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 176 commercial properties in nine provinces, comprising approximately 14.5 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com .
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Crombie Reit reports annual meeting voting results
At the annual meeting of unitholders of Crombie Real Estate Investment Trust (TSX: CRR.UN) held on May 9, 2013, all the proposed resolutions, including appointment of Trustees, were passed by a show of hands. There were 19,733,803 REIT units and 38,430,221 special voting units represented in person or by proxy at the meeting, representing an aggregate of 63.31% of all eligible votes. REIT Units and special voting units vote together. Approximately 99.8% of the votes represented at the meeting were represented by proxy. Those proxies were directed to vote as follows if a ballot was held at the meeting: Election of Trustees Voting Instructions For Withheld Donald E. Clow 99.91% 0.09% John C. Eby 95.26% 4.74% David G. Graham 99.91% 0.09% Brian A. Johnson 99.91% 0.09% Michael J. Knowlton 99.91% 0.09% E. John Latimer 99.91% 0.09% Elisabeth Stroback 99.91% 0.09% About Crombie Crombie is an open-ended real estate investment trust established under, and governed by,
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Crombie REIT reports strong first quarter results and $185 million of year to date acquisitions
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report strong results for the first quarter ended March 31, 2013. First Quarter 2013 Highlights (In thousands of CAD dollars, except per unit amounts and as otherwise noted) Strong 9.5% growth in Funds From Operations ("FFO") per unit for the three months ended March 31, 2013 ("Q1") as FFO per unit fully diluted ("FD") was $0.28 per unit compared to $0.25 per unit FD for the same period in 2012. Q1 FFO grew 33.3% over the same period in 2012 ($25,721 vs $19,301) with the FFO payout ratio of 79.5% compared to 88.9% for the same period in 2012. Strong 10.1% growth in Q1 Adjusted Funds From Operations ("AFFO") per unit as AFFO per unit FD was $0.23 per unit compared to $0.21 per unit FD for the same period in 2012. AFFO grew 35.0% over the same period in 2012 ($21,606 vs $16,007) for the three months ended March 31, 2013 with the AFFO payout ratio of 94.6%
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from April 1, 2013, to and including April 30, 2013. The distribution will be payable on May 15, 2013, to unitholders of record as at April 30, 2013. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 175 commercial properties in nine provinces, comprising approximately 14.5 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com .
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from March 1, 2013, to and including March 31, 2013. The distribution will be payable on April 15, 2013, to unitholders of record as at March 31, 2013. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 173 commercial properties in nine provinces, comprising approximately 14.3 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com .
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Crombie REIT reports fourth quarter and fiscal 2012 results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its results for the fourth quarter and fiscal year ended December 31, 2012. 2012 Highlights Funds from operations ("FFO") for the quarter ended December 31, 2012 was $0.31 per unit (payout ratio 72.4%) compared to $0.27 per unit (payout ratio 83.9%) for the same period in 2011. Excluding the impact of non-recurring items (see Non-recurring items below), FFO for the quarter ended December 31, 2012 would have been $0.27 (payout ratio 82.7%). <br /><br />FFO for the year ended December 31, 2012 was $1.09 per unit (payout ratio 82.7%) compared to $1.09 per unit (payout ratio 82.3%) for the same period in 2011. Excluding the impact of non-recurring items, FFO for the year ended December 31, 2012 would have been $1.09 (payout ratio 83.1%). <br /><br />Adjusted funds from operations ("AFFO") for the quarter ended December 31, 2012 was $0.27 per unit (payout ratio 84.6%) compared
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Crombie REIT announces acquisition of $132 million of retail properties in western Canada
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced it will acquire four retail plaza properties, all located in Alberta, from a third party for $132 million with closing expected to occur by the end of February 2013. Crombie will acquire the following properties: a 143,000 square foot fully occupied property located in Fort McMurray anchored by a Sobeys grocery store; a 100,000 square foot 98% occupied property located in Lethbridge anchored by a Safeway grocery store; a 29,000 square foot fully occupied property located in Lethbridge anchored by Shoppers Drug Mart; and a 34,000 square foot 85% occupied property located in Edmonton anchored by Shoppers Drug Mart and shadow-anchored by a Crombie owned Sobeys location. The properties will be purchased using Crombie's revolving credit facility and the proceeds of the $60 million prospectus unit offering and related private placement completed December 14, 2012. The borrowing base and
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from February 1, 2013, to and including February 28, 2013. The distribution will be payable on March 15, 2013, to unitholders of record as at February 28, 2013. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 169 commercial properties in nine provinces, comprising approximately 14.0 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com .
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Crombie REIT Q4 Fiscal 2012 Conference Call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, February 28, 2013, beginning at 1:00 p.m. (E.S.T.) during which senior management will discuss the REIT's financial results for the fourth quarter and year ended December 31, 2012. Dial in numbers to join the conference call are: <br />(647) 427-7450 <br />(888) 231-8191 <br />A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com . Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering passcode 92680245, until midnight, March 14, 2013, or on the REIT's website for 90 days after the meeting. Crombie is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the
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Crombie REIT announces monthly Distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from January 1, 2013, to and including January 31, 2013. The distribution will be payable on February 15, 2013, to unitholders of record as at January 31, 2013. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 170 commercial properties in nine provinces, comprising approximately 14.1 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com .
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Crombie Reit announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from December 1, 2012, to and including December 31, 2012. The distribution will be payable on January 15, 2013, to unitholders of record as at December 31, 2012. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 170 commercial properties in nine provinces, comprising approximately 14.0 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com .
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Crombie REIT announces closing of $60 million trust unit offering
"NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES" Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it has closed the previously announced offering, on a bought-deal basis, of 2,408,000 trust units (the "Units") to the public at $14.75 per Unit for gross proceeds of approximately $35.5 million. In addition to the issuance of Units to the public, ECL Developments Limited, a wholly-owned subsidiary of Empire Company Limited (TSX: EMP.A), has purchased, on a private placement basis, 1,659,661 Class B LP Units of Crombie Limited Partnership together with the attached Special Voting Units of Crombie at the $14.75 per Unit offering price, for gross proceeds of approximately $24.5 million. Each Class B LP Unit is exchangeable for one Unit of Crombie at the option of the holder. Upon exchange of a Class B LP Unit, the associated Special Voting Unit is cancelled. All securities
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from November 1, 2012, to and including November 30, 2012. The distribution will be payable on December 17, 2012, to unitholders of record as at November 30, 2012. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 170 commercial properties in nine provinces, comprising approximately 14.0 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com .
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Crombie REIT reports solid third quarter 2012 results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its results for the third quarter ended September 30, 2012. 2012 Highlights Funds from operations ("FFO") for the quarter ended September 30, 2012 was $0.25 per unit (payout ratio 90.7%) compared to $0.27 per unit (payout ratio 84.2%) for the same period in 2011. Excluding the impact of the approximately $3.0 million expense relating to the Refinanced Mortgages (see Finance Costs - Operations below), FFO for the quarter ended September 30, 2012 would have been $0.28 (payout ratio 79.5%). FFO for the nine months ended September 30, 2012 was $0.78 per unit (payout ratio 87.2%) compared to $0.82 per unit (payout ratio 81.7%) for the same period in 2011. Excluding the approximately $3.0 million Refinanced Mortgages impact, FFO for the nine months ended September 30, 2012 would have been $0.81 (payout ratio 83.3%). Adjusted funds from operations ("AFFO") for the quarter ended
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Crombie REIT announces $73.3 million of property acquisitions and $92.6 million debt refinancing transaction
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announces the acquisition of four properties for total consideration of $73.3 million (before transaction and related costs) as well as a separate refinancing of mortgages on 23 properties totalling $92.6 million. "We are very pleased with the recent acquisitions as they are consistent with our strategy of accretive growth diversified across Canada" noted Donald E. Clow, FCA, President and Chief Executive Officer. "The two acquisitions from Sobeys underscore the sustainable competitive advantage we enjoy in acquiring new, fully occupied and long term leased properties from their development pipeline. The mortgage refinancing on 23 properties was a unique opportunity and provides us with significant interest savings." Details of the acquired properties are as follows: In August, a 100% occupied, 41,000 sq. ft. Sobeys anchored retail plaza in Regina, Saskatchewan was acquired from a
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from October 1, 2012, to and including October 31, 2012. The distribution will be payable on November 15, 2012, to unitholders of record as at October 31, 2012. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 169 commercial properties in nine provinces, comprising approximately 13.9 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com .
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Crombie Reit Q3 Fiscal 2012 Conference Call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Tuesday, November 13, 2012, beginning at 1:00 p.m. (E.S.T.) during which senior management will discuss the REIT's financial results for the third quarter ended September 30, 2012. Dial in numbers to join the conference call are: <br />(647) 427-7450 <br />(888) 231-8191 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com . Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering passcode 49536472, until midnight, November 27, 2012, or on the REIT's website for 90 days after the meeting. Crombie is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from September 1, 2012, to and including September 30, 2012. The distribution will be payable on October 15, 2012, to unitholders of record as at September 30, 2012. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 168 commercial properties in nine provinces, comprising approximately 13.9 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com .
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from August 1, 2012, to and including August 31, 2012. The distribution will be payable on September 17, 2012, to unitholders of record as at August 31, 2012. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 167 commercial properties in nine provinces, comprising approximately 13.7 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com .
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Crombie REIT reports second quarter 2012 results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its results for the second quarter ended June 30, 2012. 2012 Highlights Crombie completed the acquisition of 27 retail properties in the quarter ended June 30, 2012 totalling $302.4 million; 28 retail properties totalling $316.3 million year to date which increases total assets in excess of $2.0 billion. Property revenue for the quarter ended June 30, 2012 of $63.6 million; an increase of $7.3 million or 12.9% over the $56.3 million for the quarter ended June 30, 2011. Same-asset cash net operating income ("NOI") for the quarter ended June 30, 2012 of $33.3 million; an increase of $0.5 million or 1.6%, compared to $32.8 million for the quarter ended June 30, 2011 and for the six months ended June 30, 2011, same-asset cash NOI of $66.5 million; an increase of $0.8 million or 1.3% over the same period in 2011. Occupancy on a committed basis was 93.5% at June 30, 2012 compared
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Crombie REIT Q2 fiscal 2012 conference call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Wednesday, August 8, 2012, beginning at 1:00 p.m. (E.D.T.) during which senior management will discuss the REIT's financial results for the second quarter ended June 30, 2012. Dial in numbers to join the conference call are: <br />(647) 427-7450 <br />(888) 231-8191 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com . Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering passcode 14206742, until midnight, August 22, 2012, or on the REIT's website for 90 days after the meeting. Crombie is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from July 1, 2012, to and including July 31, 2012. The distribution will be payable on August 15, 2012, to unitholders of record as at July 31, 2012. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 166 commercial properties in nine provinces, comprising approximately 13.7 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com .
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Crombie REIT announces closing of $60 million offering of convertible unsecured subordinated debentures
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it has closed the previously announced offering, on a bought-deal basis, of $36 million of convertible unsecured subordinated debentures (the "Debentures"). In addition, Empire Company Limited ("Empire") has purchased $24 million of Debentures on the same terms, in satisfaction of wholly-owned ECL Developments Limited's pre-emptive right with respect to the Debenture offering. The Debentures have a maturity date of September 30, 2019. The Debentures have a coupon of 5.00% per annum and will pay interest semi-annually in arrears on March 31 and September 30 in each year commencing on September 30, 2012. Each $1,000 principal amount of Debentures is convertible into approximately 49.7512 units of Crombie, at any time, at the option of the holder, representing a conversion price of $20.10 per unit. Crombie will use the net proceeds from this offering to repay debt
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Crombie REIT announces acquisition of five property portfolio, mortgage financing and revolving credit facility renewal
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it has completed the acquisition of five retail properties (the "Properties") from affiliated entities of Shoppers Drug Mart Inc. for a purchase price of approximately $42.8 million, subject to closing adjustments ("Purchase Price"). The Properties include total gross leasable area of approximately 107,000 square feet, with three Properties located in Quebec and one each in Ontario and Alberta. Crombie will complete mortgage financing totaling approximately $29.1 million on the properties, with mortgages on four locations funding immediately following closing of the acquisition. An additional mortgage on the fifth property is expected to fund before the end of June. The mortgages have interest rates ranging from 4.15% to 4.33% with 10 to 17 year terms and 25 year amortizations. The balance of the Purchase Price, closing adjustments and transaction costs was drawn from
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from June 1, 2012, to and including June 30, 2012. The distribution will be payable on July 16, 2012, to unitholders of record as at June 30, 2012. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 161 commercial properties in nine provinces, comprising approximately 13.5 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com .
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Crombie REIT Announces $60 Million Offering of Convertible Unsecured Subordinated Debentures
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from May 1, 2012, to and including May 31, 2012. The distribution will be payable on June 15, 2012, to unitholders of record as at May 31, 2012. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 161 commercial properties in nine provinces, comprising approximately 13.5 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . <br />
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Crombie REIT reports first quarter 2012 results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its results for the first quarter ended March 31, 2012. 2012 Highlights Property revenue for the quarter ended March 31, 2012 of $59.4 million; an increase of $3.1 million or 5.6% over the $56.3 million for the quarter ended March 31, 2011. <br /><br />Same-asset cash net operating income ("NOI") for the quarter ended March 31, 2012 of $33.2 million; an increase of $0.3 million or 1.0%, compared to $32.9 million for the quarter ended March 31, 2011. <br /><br />Property leased space on a committed basis was 92.7% at March 31, 2012 compared with 94.7% at December 31, 2011. Actual occupied space at March 31, 2012 was 91.0% compared with 93.3% at December 31, 2011 and 95.3% at March 31, 2011. <br /><br />Crombie completed lease renewals during the quarter on 116,000 square feet at an average rate of $15.51 per square foot; an increase of 6.14% over the expiring lease rate.
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from April 1, 2012, to and including April 30, 2012. The distribution will be payable on May 15, 2012, to unitholders of record as at April 30, 2012. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 161 commercial properties in nine provinces, comprising approximately 13.5 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com .
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Crombie REIT Announces Redemption of Outstanding 7% Convertible Debentures due March 20, 2013
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it has exercised its right to redeem its 7% Extendible Convertible Unsecured Subordinated Debentures maturing on March 20, 2013 (the "Debentures") in accordance with the terms of the trust indenture dated March 20, 2008 governing the Debentures. The redemption of the Debentures will be effective on May 23, 2012 (the "Redemption Date"). Upon redemption, Crombie will pay to the holders of Debentures the redemption price (the "Redemption Price") equal to the outstanding principal amount of the Debentures to be redeemed, together with all accrued and unpaid interest thereon up to but excluding the Redemption Date, for a total of $1,027.62 per $1,000 principal amount of Debentures, less any taxes required to be deducted or withheld. The aggregate principal amount of Debentures currently outstanding is $29,535,000. Crombie intends to draw funds from its existing
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Crombie REIT conference call revised time Q1 fiscal 2012
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Friday, May 11, 2012, beginning at 12:00 p.m. (E.D.T.) during which senior management will discuss the REIT's financial results for the first quarter ended March 31, 2012. Dial in numbers to join the conference call are: <br />(647) 427-7450 <br />(888) 231-8191 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com . Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering passcode 71609328, until midnight, May 25, 2012, or on the REIT's website for 90 days after the meeting. Crombie is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties.
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Media advisory – Crombie REIT Fiscal 2011 Annual General Meeting and Q1 Fiscal 2012 Conference Call
Crombie Real Estate Investment Trust (TSX: CRR.UN) will hold its Annual General Meeting of Unitholders on Friday, May 11, 2012 at Empire Studio 7 Cinemas, 610 East River Road, New Glasgow, Nova Scotia. The meeting is scheduled to begin at 11:00 a.m. (ADT). Media Please note that cameras will only be allowed in the main meeting room for the first five minutes to allow for photographs and establishing shots. Donald Clow, FCA, President and Chief Executive Officer, Crombie REIT will be available to the media immediately following the meeting (approximately 12:00 p.m.) Webcast of AGM The Annual General Meeting will be broadcast via live audio webcast. The webcast may be accessed at www.crombiereit.com . Time has been allotted at the end of the webcast for telephone questions. Call in numbers are: (888) 231-8191 (647) 427-7450 Q1 Fiscal 2012 Conference Call Crombie will hold a conference call on Friday, May 11, 2012, beginning at 1:00 p.m. (EDT.) during which senior
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Crombie Reit announces closing of $254.6 million acquisition of 22 grocery and drug anchored retail properties
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it has completed the previously announced purchase of a portfolio of 22 retail properties (the "Properties") from third party vendors for $254.6 million (the "Purchase Price"), excluding closing adjustments and transaction costs. The Properties include a total gross leasable area of approximately 850,000 square feet, and with the exception of two assets located in Manitoba and Saskatchewan, all of the Properties are located in Ontario. "With the completion of this transaction, the REIT has added to its portfolio of high quality assets across Canada and, importantly, increased our geographic diversification, particularly in Ontario." commented Donald Clow FCA, Crombie's President and Chief Executive Officer. "The REIT's acquisition of these high quality assets is anticipated to be accretive to Crombie's Adjusted Funds From Operations
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Crombie REIT announces closing of public unit offering
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it has closed the previously announced offering, on a bought deal basis, of 4,630,000 units to the public at a price of $14.50 per unit for gross proceeds of approximately $67.1 million. In addition to the issuance of the units to the public, ECL Developments Limited (a wholly owned subsidiary of Empire Company Limited (TSX: EMP.A)) has purchased, on a private placement basis, 3,655,200 Class B LP Units of Crombie Limited Partnership together with the attached Special Voting Units of Crombie at the $14.50 per unit offering price, for gross proceeds of approximately $53 million. Each Class B LP Unit is exchangeable for one unit of Crombie at the option of the holder. Upon exchange of a Class B LP Unit, the associated Special Voting Unit is cancelled. All securities issued under the private placement are subject to a four month hold period from the closing date of the private placement. After
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Crombie Reit announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from March 1, 2012, to and including March 31, 2012. The distribution will be payable on April 16, 2012, to unitholders of record as at March 31, 2012. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 139 commercial properties in eight provinces, comprising approximately 12.6 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com .
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IIROC Trade Resumption – CRR.UN
Trading resumes in: Company: Crombie Real Estate Investment Trust TSX Symbol: CRR.UN Resumption: Open The Investment Industry Regulatory Organization of Canada (IIROC) can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
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IIROC Trading Halt – CRR.UN
The following issues have been halted by IIROC: Company: Crombie REIT TSX Symbol: CRR.UN Reason: Pending News Halt Time (ET): 16:24 PM ET The Investment Industry Regulatory Organization of Canada (IIROC) can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
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Crombie REIT Reports Fourth Quarter and Fiscal 2011 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its results for the fourth quarter and fiscal year ended December 31, 2011. 2011 Highlights Property revenue for the quarter ended December 31, 2011 of $58.7 million; an increase of $3.0 million or 5.4% over the $55.7 million for the quarter ended December 31, 2010 and for the year ended December 31, 2011 was $226.1 million; an increase of $16.7 million or 8.0% over the year ended December 31, 2010. Same-asset cash net operating income ("NOI") for the quarter ended December 31, 2011 of $27.2 million; an increase of $0.4 million or 1.6%, compared to $26.8 million for the quarter ended December 31, 2010 and for the year ended December 31, 2011, same-asset cash NOI of $118.0 million; an increase of $1.4 million or 1.2% over the same period in 2010. Property leased space on a committed basis was 94.7% at December 31, 2011 compared with 95.4% at September 30, 2011. Actual occupancy
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from February 1, 2012, to and including February 29, 2012. The distribution will be payable on March 15, 2012, to unitholders of record as at February 29, 2012. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 138 commercial properties in eight provinces, comprising approximately 12.6 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com .
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Crombie REIT Q4 and fiscal 2011 conference call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, February 23, 2012, beginning at 1:00 p.m. (E.S.T.) during which senior management will discuss the REIT's financial results for the fourth quarter and year ended December 31, 2011. Dial in numbers to join the conference call are: <br />(647) 427-7450 <br />(888) 231-8191 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com . Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering passcode 45513010, followed by the number sign, until midnight, March 8, 2012, or on the REIT's website for 90 days after the meeting. Crombie is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from December 1, 2011, to and including December 31, 2011. The distribution will be payable on January 16, 2012, to unitholders of record as at December 31, 2011. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 138 commercial properties in eight provinces, comprising approximately 12.6 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com .
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from November 1, 2011, to and including November 30, 2011. The distribution will be payable on December 15, 2011, to unitholders of record as at November 30, 2011. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 135 commercial properties in eight provinces, comprising approximately 12.3 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com .
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Crombie REIT reports third quarter 2011 results and $67.3 million of additional acquisitions
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its results for the third quarter ended September 30, 2011. 2011 Highlights Property revenue for the quarter ended September 30, 2011 of $54.8 million; an increase of $3.3 million or 6.5% over the $51.5 million for the quarter ended September 30, 2010 and for the nine months ended September 30, 2011 was $167.5 million; an increase of $13.7 million or 8.9% over the nine months ended September 30, 2010. Same-asset cash net operating income ("NOI") for the quarter ended September 30, 2011 of $30.0 million; a decrease of $0.1 million or 0.5%, compared to $30.1 million for the quarter ended September 30, 2010 and for the nine months ended September 30, 2011, same-asset cash NOI of $90.8 million; an increase of $0.9 million or 1.0% over the same period in 2010. Property occupancy was 94.7% at September 30, 2011 compared with 94.9% at June 30, 2011, and 95.5% at September 30, 2010. Average
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Crombie REIT conference call revised time Q3 fiscal 2011
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Wednesday, November 9, 2011, beginning at 2:00 p.m. (E.S.T.) during which senior management will discuss the REIT's financial results for the third quarter ended September 30, 2011. Dial in numbers to join the conference call are: <br />(647) 427-7450 <br />(888) 231-8191 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com . Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering passcode 22878184, followed by the number sign, until midnight, November 23, 2011, or on the REIT's website for 90 days after the meeting. Crombie is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the
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Crombie REIT Q3 Fiscal 2011 Conference Call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Wednesday, November 9, 2011, beginning at 1:30 p.m. (E.S.T.) during which senior management will discuss the REIT's financial results for the third quarter ended September 30, 2011. Dial in numbers to join the conference call are: <br />(647) 427-7450 <br />(888) 231-8191 A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com . Replay will be available by dialing (416) 849-0833 or (855) 859-2056 and entering passcode 22878184, followed by the number sign, until midnight, November 23, 2011, or on the REIT's website for 90 days after the meeting. Crombie is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the
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Crombie REIT announces closing of public unit offering and monthly distribution
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it has closed the previously announced public unit offering, on a bought deal basis of 3,510,000 units to the public at a price of $12.85 per unit for gross proceeds of approximately $45.1 million. In addition to the issue of the public units, in satisfaction of its pre-emptive right with respect to the public unit offering, ECL Developments Limited (a wholly owned subsidiary of Empire Company Limited (TSX: EMP.A)) has purchased 2,334,630 Class B LP Units of Crombie Limited Partnership and the attached Special Voting Units of Crombie at the $12.85 per unit offering price, for gross proceeds of approximately $30 million, on a private placement basis. Each Class B LP Unit is exchangeable for one unit of Crombie at the option of the holder. Upon exchange of a Class B LP Unit, the associated Special Voting Unit is cancelled. All securities issued under the private placement are subject to a four
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Investment Industry Regulatory Organization of Canada – Trade Resumption – Crombie Real Estate Investment Trust – CRR.UN (all issues)
Trading resumes in: Issuer Name: Crombie Real Estate Investment Trust <br />TSX Ticker Symbol: CRR.UN (all issues) <br />Resumption Time: Market Open
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Investment Industry Regulatory Organization of Canada – Trading Halt – Crombie Real Estate Invst Trust – CRR.UN
The following issues have been halted by Investment Industry Regulatory Organization of Canada (IIROC): Issuer Name: Crombie Real Estate Invst Trust <br />TSX Ticker Symbol: CRR.UN <br />Time of Halt: 16:13 ET <br />Reason for Halt: Pending News
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MEDIA ADVISORY – CROMBIE REIT FISCAL 2010 ANNUAL GENERAL MEETING
Crombie Real Estate Investment Trust (TSX: CRR.UN) will hold an Annual General Meeting of Unitholders on Thursday, May 5, 2011 at Empire Studio 7 Cinemas, 610 East River Road, New Glasgow, Nova Scotia. The meeting is scheduled to begin at 11:00 a.m. (ADT). << Media - >> Please note that cameras will only be allowed in the main meeting room for the first five minutes to allow for photographs and establishing shots. Donald Clow, FCA, President and Chief Executive Officer, Crombie REIT will be available to the media immediately following the meeting (approximately 12:00 p.m.) << Webcast of AGM - >> The Annual General Meeting will be broadcast via live audio webcast. The webcast may be accessed at www.crombiereit.com . Time has been allotted at the end of the webcast for telephone questions. << Call in numbers are: (888) 231-8191 (647) 427-7450 >> Crombie Real Estate Investment Trust (TSX: CRR.UN) is an unincorporated, open-ended real estate investment
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CROMBIE REAL ESTATE INVESTMENT TRUST ANNOUNCES NORMAL COURSE ISSUER BID
Crombie Real Estate Investment Trust (TSX: CRR.UN) announced today that it has filed a notice with the Toronto Stock Exchange to purchase for cancellation up to 100,000 units representing approximately 0.28 percent of those outstanding. The purchases will be made through the facilities of the Toronto Stock Exchange. Currently 35,577,857 units are issued and outstanding. The price Crombie will pay for any such shares will be the market price at the time of acquisition. Purchases may commence on April 4, 2011, and shall terminate not later than April 3, 2012. The average daily trading volume (the ADTV) of the units was 57,550 on the TSX over the last six completed calendar months. Accordingly, under the policies of the TSX, the REIT is entitled to purchase, during any one trading day up to 14,387 units (being 25% of the ADTV of the units) on any trading day. Crombie is entitled to purchase a larger amount of units per calendar week, subject to the maximum number that may be acquired
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CROMBIE REIT ANNOUNCES MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from March 1, 2011 to and including March 31, 2011. The distribution will be payable on April 15, 2011 to unitholders of record as at March 31, 2011. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 130 commercial properties in eight provinces, comprising approximately 12.0 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Glenn Hynes, C.A., Chief Financial Officer and Secretary, Crombie
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CROMBIE REIT ANNOUNCES FOURTH QUARTER AND FISCAL 2010 RESULTS
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its results for the fourth quarter and fiscal year ended December 31, 2010. 2010 Highlights << - Property occupancy reached an all-time high for Crombie of 95.8% at December 31, 2010 compared with 95.5% at September 30, 2010, and 94.7% at December 31, 2009. - Average net rent per square foot from leasing activity for the year increased to $14.13 compared to average expiring net rent per square foot of $13.44, an increase of 5.1%. - Crombie completed leasing activity on 743,000 square feet of GLA during the year ended December 31, 2010, which represents approximately 96.0% of its 2010 expiring leases. - Crombie completed the accretive acquisition of 20 retail properties during the year ended December 31, 2010 in the amount of $173.8 million, adding approximately 867,000 square feet of GLA. - Property revenue for the year ended December 31, 2010 of $217.0 million; an increase of $9.7
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CROMBIE REIT ANNOUNCES MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from February 1, 2011 to and including February 28, 2011. The distribution will be payable on March 15, 2011 to unitholders of record as at February 28, 2011. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 130 commercial properties in eight provinces, comprising approximately 12.0 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Glenn Hynes, C.A., Chief Financial Officer and
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CROMBIE REIT Q4 and Fiscal 2010 Conference Call
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) will hold a conference call on Thursday, February 24, 2011, beginning at 1:00 p.m. (E.S.T.) during which senior management will discuss the REIT's financial results for the fourth quarter and year ended December 31, 2010. << Dial in numbers to join the conference call are: (647) 427-7450 (888) 231-8191 >> A live audio webcast of the conference call will be accessible on the REIT's website at www.crombiereit.com . Replay will be available by dialing (416) 849-0833 or (800) 642-1687 and entering passcode 43924764, followed by the number sign, until midnight, March 10, 2011, or on the REIT's website for 90 days after the meeting. Crombie is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily
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CROMBIE REIT ANNOUNCES MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from January 1, 2011 to and including January 31, 2011. The distribution will be payable on February 15, 2011 to unitholders of record as at January 31, 2011. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 130 commercial properties in eight provinces, comprising approximately 12.0 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Glenn Hynes, C.A., Chief Financial Officer and
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CROMBIE REIT ANNOUNCES MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from December 1, 2010 to and including December 31, 2010. The distribution will be payable on January 17, 2011 to unitholders of record as at December 31, 2010. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 130 commercial properties in eight provinces, comprising approximately 12.0 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Glenn Hynes, C.A., Chief Financial Officer and
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CROMBIE REIT ANNOUNCES MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from November 1, 2010 to and including November 30, 2010. The distribution will be payable on December 15, 2010 to unitholders of record as at November 30, 2010. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 128 commercial properties in eight provinces, comprising approximately 12.0 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Glenn Hynes, C.A., Chief Financial Officer and
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CROMBIE REIT ANNOUNCES THIRD QUARTER 2010 RESULTS
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its results for the third quarter ended September 30, 2010. 2010 Highlights << - Average net rent per square foot from year to date leasing activity increased to $14.75 compared to average expiring net rent per square foot of $13.44, an increase of 9.7%. - Crombie completed leasing activity on 571,000 square feet of gross leaseable area ("GLA") during the first nine months of 2010, representing 73.8% of its 2010 expiring leases. - Property occupancy was 95.5% at September 30, 2010 compared with 95.5% at June 30, 2010, and 94.2% at September 30, 2009. - Property revenue for the quarter ended September 30, 2010 of $53.4 million; an increase of $2.4 million, or 4.8% over the $51.0 million for the quarter ended September 30, 2009. - Same-asset cash net operating income ("NOI") for the quarter ended September 30, 2010 of $29.9 million; an increase of $1.1 million, or
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CROMBIE REIT ANNOUNCES MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from October 1, 2010 to and including October 31, 2010. The distribution will be payable on November 15, 2010 to unitholders of record as at October 31, 2010. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 127 commercial properties in eight provinces, comprising approximately 11.9 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Glenn Hynes, C.A., Chief Financial Officer and
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CROMBIE REIT COMPLETES ACQUISITION OF NINE PROPERTIES
Crombie Real Estate Investment Trust ("Crombie') announced that it has completed the acquisition of nine properties from Sobeys Inc., a wholly owned subsidiary of Empire Company Limited ("Empire"). Seven properties are located in Western Canada, including six in the Edmonton and Calgary, Alberta markets and one located in Regina, Saskatchewan. One property is located in Halifax, Nova Scotia and one in Orleans, Ontario. Five of the nine locations are freestanding Sobeys bannered grocery stores while each of the other four locations is a Sobeys anchored property with one additional tenant. The properties are 100% leased with a total gross leasable area of approximately 400,000 square feet. The purchase price for the properties is $84.3 million which represents a blended 7.6% cap rate. Concurrent with the closing, Crombie has entered into mortgage financing on seven of the nine properties. The mortgages total $51.6 million with terms ranging from nine to 15 years, at
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CROMBIE REIT ANNOUNCES MONTHLY DISTRIBUTION
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from September 1, 2010 to and including September 30, 2010. The distribution will be payable on October 15, 2010 to unitholders of record as at September 30, 2010. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 118 commercial properties in seven provinces, comprising approximately 11.5 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Glenn Hynes, C.A., Chief Financial Officer and
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from August 1, 2010 to and including August 31, 2010. The distribution will be payable on September 15, 2010 to unitholders of record as at August 31, 2010. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 118 commercial properties in seven provinces, comprising approximately 11.5 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Glenn Hynes, C.A., Chief Financial Officer and Secretary,
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Crombie REIT announces second quarter 2010 results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its results for the second quarter ended June 30, 2010. 2010 Highlights << - Average net rent per square foot from year to date leasing activity increased to $14.51 compared to average expiring rent per square foot of $13.44, an increase of 8.0%. - Crombie completed leasing activity on 389,000 square feet of GLA during the first six months of 2010, which represents 50.3% of its 2010 expiring leases. - Property occupancy was 95.5% at June 30, 2010 compared with 95.0% at March 31, 2010, and 94.1% at June 30, 2009. - Property revenue for the quarter ended June 30, 2010 of $52.8 million; an increase of $1.9 million, or 3.8% over the $50.9 million for the quarter ended June 30, 2009. - Same-asset cash net operating income ("NOI")for the quarter ended June 30, 2010 of $30.2 million; an increase of $0.7 million, or 2.5%, compared to $29.5 million for the quarter ended June 30, 2009.
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Crombie REIT Announces Closing of Public Unit Offering
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it has closed the previously announced public unit offering, on a bought deal basis of 2,670,000 units to the public at a price of $11.05 per unit for gross proceeds of $29.5 million. In addition to the issue of the public units, in satisfaction of its pre-emptive right with respect to the public unit offering, ECL Developments Limited (a wholly owned subsidiary of Empire Company Limited (TSX: EMP.A)) has purchased 1,855,000 Class B LP Units of Crombie Limited Partnership and the attached Special Voting Units of Crombie at the $11.05 per unit offering price, for gross proceeds of $20.5 million, on a private placement basis. Each Class B LP Unit is exchangeable for one unit of Crombie at the option of the holder. Upon exchange of a Class B LP Unit, the associated Special Voting Unit is cancelled. All securities issued under the private placement are subject to a four month hold period from the
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from July 1, 2010 to and including July 31, 2010. The distribution will be payable on August 16, 2010 to unitholders of record as at July 31, 2010. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 118 commercial properties in seven provinces, comprising approximately 11.5 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Glenn Hynes, C.A., Chief Financial Officer and Secretary, Crombie
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Crombie REIT announces preliminary short form prospectus for proposed $50 million financing and signing of a binding purchase agreement for $102 million property acquisition
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce that it has filed a preliminary short form prospectus in connection with its previously announced public offering of approximately $29.5 million of Units at a price of $11.05 per Unit. Crombie is also pleased to advise that it has now entered into a binding asset purchase agreement with Sobeys (a wholly owned subsidiary of Empire Company Limited ("Empire") (TSX: EMP.A)) for the previously announced $102 million portfolio acquisition of 11 retail properties (the "Portfolio"). The Portfolio totals approximately 499,353 square feet and consists of eight properties located in Western Canada, two in Ontario and one in Atlantic Canada. The Portfolio acquisition is subject to completion of customary due diligence and obtaining satisfactory mortgage financing with an anticipated closing on or about August 31, 2010. ECL Developments Limited (a wholly owned subsidiary of Empire),
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Crombie REIT announces appointment of Glenn Hynes as Chief Financial Officer
Donald E. Clow FCA, President and Chief Executive Officer of Crombie REIT is pleased to announce the appointment of Glenn Hynes CA, to the position of Chief Financial Officer and Secretary of Crombie REIT commencing June 28, 2010. In this position, Glenn will be responsible for all aspects of financial management of Crombie REIT, including financial reporting, risk management and compliance with accounting policies, regulatory disclosure requirements & internal controls. Glenn will also play an active role in the day to day operations of the business and properties of Crombie REIT as well as the establishment and implementation of Crombie's capital plan to ensure that its long term objectives are met. Glenn brings a wealth of relevant financial and business experience to Crombie REIT, having previously held the position of Chief Financial Officer at the time of Crombie's establishment and initial public offering in 2006. Mr. Hynes also held the position of Executive Vice
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from June 1, 2010 to and including June 30, 2010. The distribution will be payable on July 15, 2010 to unitholders of record as at June 30, 2010. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 118 commercial properties in seven provinces, comprising approximately 11.5 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Jeff Downs, C.A., Senior Director of Finance, Crombie REIT, (902)
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Crombie REIT Announces Departure of Chief Financial Officer
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) announced today that Scott Ball has left his position with Crombie REIT as Chief Financial Officer. Mr. Ball joined Crombie in 2006 as its Vice President, Chief Financial Officer and Secretary and has played a significant role in the growth and development of Crombie since that date. Crombie thanks Mr. Ball for his contributions and wishes him all the best in his future endeavours. In the interim, until the appointment of a replacement Chief Financial Officer of Crombie please direct all financial inquiries to the attention of Mr. Jeff Downs CA, Senior Director of Finance of Crombie REIT. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from May 1, 2010 to and including May 31, 2010. The distribution will be payable on June 15, 2010 to unitholders of record as at May 31, 2010. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 118 commercial properties in seven provinces, comprising approximately 11.5 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and
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Crombie REIT Announces First Quarter 2010 Results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its results for the first quarter ended March 31, 2010. 2010 First Quarter Highlights << - Crombie completed the refinancing for the office and retail portfolio known as Halifax Developments resulting in additional proceeds of $35.0 million on February 1, 2010. - Crombie completed an offering of convertible unsecured subordinated debentures for gross proceeds of $45.0 million on February 8, 2010. - Crombie completed the acquisition of eight retail properties, in two tranches, for a total purchase price of $59.3 million, excluding closing and transaction costs. - Property revenue for the quarter ended March 31, 2010 of $53.2 million represented an increase of 0.4% compared to $53.0 million for the quarter ended March 31, 2009, and an increase of 1.6% compared to the quarter ended December 31, 2009. - Same-asset NOI for the quarter ended March 31, 2010 of $31.5 million remained virtually
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from April 1, 2010 to and including April 30, 2010. The distribution will be payable on May 17, 2010 to unitholders of record as at April 30, 2010. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 118 commercial properties in seven provinces, comprising approximately 11.5 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and
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Crombie REIT announces completion of acquisition of three portfolio properties
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it has completed the acquisition of the remaining three properties of the previously announced portfolio of eight retail properties from subsidiaries of Empire Company Limited ("Empire"). The purchase price in respect of the three properties is approximately $28 million, subject to normal adjustments at Closing. Commitments for mortgage financing for the properties of approximately $19 million will be assigned to Crombie and funded following the acquisition. The mortgage commitments have a weighted average term of 10 years and a weighted average amortization period of 24 years. The interest rates will be fixed under the terms of each mortgage with committed interest rate spreads ranging from 220 to 300 basis points over the applicable Government of Canada bond rates at the date of the rate fix. The purchase price will be financed by Crombie with its existing credit facility pending
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from March 1, 2010 to and including March 31, 2010. The distribution will be payable on April 15, 2010 to unitholders of record as at March 31, 2010. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 115 commercial properties in seven provinces, comprising approximately 11.4 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and
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Crombie Real Estate Investment Trust announces normal course issuer bid
Crombie Real Estate Investment Trust (TSX: CRR.UN) announced today that it has filed a notice with the Toronto Stock Exchange to purchase for cancellation up to 100,000 units representing approximately 0.32 percent of those outstanding. The purchases will be made through the facilities of the Toronto Stock Exchange. Currently 32,061,456 units are issued and outstanding. The price the REIT will pay for any such shares will be the market price at the time of acquisition. Purchases may commence on March 26, 2010, and shall terminate not later than March 25, 2011. The average daily trading volume (the ADTV) of the units was 56,573 on the TSX over the last six completed calendar months. Accordingly, under the policies of the TSX, the REIT is entitled to purchase, during any one trading day up to 14,143 units (being 25% of the ADTV of the units) on any trading day. The REIT is entitled to purchase a larger amount of units per calendar week, subject to the maximum number that may be acquired
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Crombie REIT announces $33.8 million mortgage financing
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report that it completed a $33.8 million mortgage financing with a Schedule 1 Canadian chartered bank on five properties acquired in a portfolio acquisition in April of 2008. The $33.8 million of mortgage represents approximately 60.8% of the original purchase value of the five properties financed. The mortgages have an eight year term and a weighted average amortization period of 21.7 years with a fixed interest rate of 5.7%. Commenting on the closing of the financing, Donald Clow, F.C.A., President and Chief Executive Officer stated: "This financing provides Crombie with additional liquidity to enable us to execute on our long term growth strategy." About Crombie Crombie is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a
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Crombie REIT announces fourth quarter and fiscal 2009 results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its results for the fourth quarter and year ended December 31, 2009. << 2009 Highlights Improved Balance Sheet strength: - Crombie completed an equity offering of 4,725,000 Units and 3,846,154 Class B LP Units for gross proceeds of $66.9 million on June 25, 2009. - Crombie completed an offering of Series B Convertible Debentures for gross proceeds of $85.0 million on September 30, 2009. - Crombie completed the replacement of the Term Facility in November of 2009. Steady operating results: - Property revenue for the year ended December 31, 2009 of $207.2 million represented an increase of $19.1 million compared to $188.1 million for the year ended December 31, 2008. - Same-asset NOI for the year ended December 31, 2009 of $87.8 million decreased by $0.8 million, or less than 1%, compared to $88.6 million for the year ended December 31, 2008. - Crombie completed leasing activity on
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Crombie REIT announces completion of acquisition of five portfolio properties
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it has completed the acquisition of five properties of the previously announced portfolio of eight retail properties from subsidiaries of Empire Company Limited ("Empire"). The purchase price in respect of the five properties is approximately $31.5 million, excluding closing and transaction costs. Empire has obtained mortgage financing for the properties of approximately $8.4 million. The mortgages have a weighted average term of 8.6 years, a 25 year amortization period and a weighted average interest rate of 6.26%, and were assumed by Crombie. The balance of the purchase price will be financed by Crombie with its existing credit facility. The following is a description of the properties acquired: << - # of Property Location Area Tenants Property Type - Vaughan Harvey Vaughan Harvey Retail - Plaza Plaza Boulevard, Moncton, 85,324 4 New Brunswick - Highland Square Westville
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from February 1, 2010 to and including February 28, 2010. The distribution will be payable on March 15, 2010 to unitholders of record as at February 28, 2010. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 113 commercial properties in seven provinces, comprising approximately 11.2 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial
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Crombie REIT announces closing of $45 million offering of convertible unsecured subordinated debentures
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it has closed the previously announced public offering by way of a bought-deal of $45 million of convertible unsecured subordinated debentures (the "Debentures"). The Debentures have a maturity date of June 30, 2017. The Debentures have a coupon of 5.75% per annum and will pay interest semi-annually in arrears on June 30 and December 31 in each year commencing on June 30, 2010. Each $1,000 principal amount of Debenture is convertible into approximately 65.3595 units of Crombie, at any time, at the option of the holder, based on a conversion price of $15.30 per unit. Crombie will use the net proceeds from this offering to repay debt. The underwriting syndicate for the public offering was co-led by CIBC World Markets Inc. and TD Securities Inc. and included Scotia Capital Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., Canaccord Financial Ltd., Macquarie Capital Markets
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Crombie REIT announces $141 million mortgage financing
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report that it has closed mortgage financings for a total of $141 million for its office and retail portfolio known as Halifax Developments ("HDL Properties"). The proceeds of this financing were applied to repay the maturing mortgage financing on February 1, 2010 of approximately $106 million and reduce the revolving credit facility. $25 million of mortgage financing has been provided by a mortgage fund company for the Barrington Place and CIBC buildings and has a 10 year term and a 25 year amortization with a fixed rate of interest of 6.519%. $116 million of mortgage financing has been provided by Otéra Capital for the remaining HDL properties and has a 10 year term and a 25 year amortization with a fixed rate of interest of 6.47%. In conjunction with the new financing, Crombie also settled in December of 2009 the related delayed interest rate swap agreements for a total charge of
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from January 1, 2010 to and including January 31, 2010. The distribution will be payable on February 15, 2010 to unitholders of record as at January 31, 2010. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 113 commercial properties in seven provinces, comprising approximately 11.2 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from December 1, 2009 to and including December 31, 2009. The distribution will be payable on January 15, 2010 to unitholders of record as at December 31, 2009. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 113 commercial properties in seven provinces, comprising approximately 11.2 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial
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Crombie REIT closes $37 million mortgage financing
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report that it has completed a previously disclosed $37 million mortgage financing with Industrial Alliance Insurance and Financial Services Inc. and Desjardins Asset Management Inc. on six properties acquired in a portfolio acquisition in April of 2008. The proceeds of this financing were applied to retire a floating rate term facility (the "Term Facility") used to partially finance the acquisition by Crombie of a portfolio of 61 properties (the "Portfolio Acquisition"). The mortgages will have a 10 year term and a 20 year amortization with a fixed interest rate of 6.90%. Factoring in the cost of settling the delayed interest rate swap placed upon assumption of the Term Facility, the overall weighted average interest rate is 8.74%. Today's financing completes the replacement of the $280 million Term Facility with long term debt. The overall weighted average interest rate
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from November 1, 2009 to and including November 30, 2009. The distribution will be payable on December 15, 2009 to unitholders of record as at November 30, 2009. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 113 commercial properties in seven provinces, comprising approximately 11.2 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial
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Crombie REIT announces third quarter 2009 results and portfolio acquisition
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its results for the third quarter and nine months ended September 30, 2009. << 2009 Third Quarter Highlights - Crombie completed a prospectus offering of unsecured convertible debentures for gross proceeds of $85.0 million on September 30, 2009. - Crombie completed leasing activity on 666,000 square feet of gross leaseable area at September 30, 2009, which represents approximately 95% of its 2009 expiring leases. - Occupancy for the properties was 94.2% at September 30, 2009 compared with 94.1% at June 30, 2009. - Property revenue for the quarter ended September 30, 2009 remained virtually unchanged at $51.0 million. - Same-asset NOI for the third quarter of 2009 of $32.4 million remained virtually unchanged compared to the quarter ended September 30, 2008. - Debt to gross book value increased slightly to 51.0% at September 30, 2009 compared to 50.9% at June 30, 2009. - Crombie's
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from October 1, 2009 to and including October 31, 2009. The distribution will be payable on November 16, 2009 to unitholders of record as at October 31, 2009. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 113 commercial properties in seven provinces, comprising approximately 11.2 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial
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Crombie REIT announces closing of $85 million offering of convertible unsecured subordinated debentures
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it has closed the previously announced offering of $85 million of convertible unsecured subordinated debentures (the "Debentures") by way of a bought-deal for $75 million of the Debentures and the issuance and sale to Empire Company Limited, through its wholly-owned subsidiary ECL Developments Limited, of an additional $10 million of the Debentures under the prospectus. The Debentures have a maturity date of June 30, 2015. The Debentures have a coupon of 6.25% per annum and will pay interest semi-annually in arrears on June 30 and December 31 in each year commencing on December 31, 2009. Each $1,000 principal amount of Debenture is convertible into approximately 90.9091 units of Crombie, at any time, at the option of the holder, based on a conversion price of $11.00 per unit. Crombie will use the net proceeds from this offering to repay debt. The underwriting syndicate for the
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from September 1, 2009 to and including September 30, 2009. The distribution will be payable on October 15, 2009 to unitholders of record as at September 30, 2009. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 113 commercial properties in seven provinces, comprising approximately 11.2 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief
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Crombie REIT announces $15 million mortgage financing
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report that it completed a $15 million mortgage financing with the Business Development Bank of Canada ("BDC") on 10 properties acquired in a portfolio acquisition in April of 2008. The proceeds of this financing will be applied to repay in part a floating rate term facility (the "Term Facility") used to partially finance the acquisition by Crombie of a portfolio of 61 properties (the "Portfolio Acquisition"). The $15 million of mortgage financing is being provided for some of the smaller, more rural properties involved in the Portfolio Acquisition and represents approximately 62.2% of the original purchase value of the 10 properties financed. The mortgages will have a 20 year term and a 20 year amortization with a fixed interest rate of 7.30%. Factoring in the cost of settling the delayed interest rate swap placed upon assumption of the Term Facility, the overall
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from August 1, 2009 to and including August 31, 2009. The distribution will be payable on September 15, 2009 to unitholders of record as at August 31, 2009. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 113 commercial properties in seven provinces, comprising approximately 11.2 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial
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Crombie REIT announces second quarter 2009 results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its results for the second quarter ended June 30, 2009. << Three months ended June 30, - Variance (In millions of dollars, - except per unit amounts) 2009 2008 $ % - FFO $18.717 $18.812 $(0.095) (0.5)% Per Unit $0.35 $0.38 $(0.03) (7.9)% FFO Payout ratio 65.7% 63.1% (2.6)% - AFFO $14.069 $11.916 $2.153 18.1% Per Unit $0.27 $0.24 $0.03 12.5% AFFO Payout ratio 87.4% 99.7% 12.3% - Six months ended June 30, - Variance - (In millions of dollars, except per unit amounts) 2009 2008 $ % - FFO $39.456 $32.651 $6.805 20.8% Per Unit $0.75 $0.71 $0.04 5.6% FFO Payout ratio 60.7% 63.5% 2.8% - AFFO $30.095 $20.012 $10.083 50.4% Per Unit $0.57 $0.44 $0.13 29.5% AFFO Payout ratio 79.6% 103.7% 24.1% - Funds from Operations (FFO) for the second quarter of 2009 decreased slightly to $18.7 million ($0.35 per unit) from $18.8 million ($0.38 per unit) in the second quarter of 2008. The decrease was due to
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from July 1, 2009 to and including July 31, 2009. The distribution will be payable on August 17, 2009 to unitholders of record as at July 31, 2009. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 113 commercial properties in seven provinces, comprising approximately 11.2 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and
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Crombie REIT announces new President and CEO
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it has appointed Donald E. Clow, FCA as its new President and Chief Executive Officer effective August 6, 2009. Mr. Clow replaces J. Stuart Blair who announced on April 24, 2009 his intention to retire after a career of more than 30 years in the Canadian real estate industry and more than 20 years with Crombie REIT and its predecessors. Mr. Blair's retirement as Crombie's President and Chief Executive Officer, as well as from Crombie's Board of Trustees, will be effective on August 5, 2009. Mr. Clow brings a wealth of financial and business experience to Crombie REIT, most recently as President, ECL Developments Limited, the real estate development subsidiary of Empire Company Limited. Previous to Empire, he held various executive positions with Southwest Properties Group of Companies in Halifax evolving to the position of President and Chief Operating Officer, a position he
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Crombie REIT announces closing of public unit offering
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it has closed the previously announced public unit offering, on a bought-deal basis, of 4,725,000 million units, after full exercise of the underwriters' over-allotment option, to the public at a price of $7.80 per unit for gross proceeds of $36.9 million. In addition to the issuance of the public units, in satisfaction of its pre-emptive right with respect to the public unit offering, Empire Company Limited ("Empire") has purchased 3,846,154 Class B LP Units of Crombie Limited Partnership and the attached Special Voting Units of Crombie at the $7.80 per unit offering price, for gross proceeds of $30.0 million, on a private placement basis through its subsidiary ECL Developments Limited. Each Class B LP Unit is exchangeable for one unit of Crombie at the option of the holder. Upon exchange of a Class B LP Unit, the associated Special Voting Unit is canceled. All securities
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust ("Crombie REIT") (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from June 1, 2009 to and including June 30, 2009. The distribution will be payable on July 15, 2009 to unitholders of record as at June 30, 2009. Assuming that Crombie REIT's previously announced public offering closes as expected on June 25, 2009, investors acquiring units through the public offering will be entitled to receive the distribution to the extent that they continue to hold those units on June 30, 2009. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a
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Crombie REIT announces the extension and syndication of the bridge loan
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce the extension and syndication of its bridge loan with a $139,000,000 two year secured non-revolving term facility carrying a floating interest rate priced at 400 basis points above 30 day bankers' acceptance rates. Agented by the Bank of Nova Scotia, the seven bank syndicate consists of The Bank of Nova Scotia, The Toronto-Dominion Bank, The Canadian Imperial Bank of Commerce, The Bank of Montreal, Canadian Western Bank, Laurentian Bank and National Bank of Canada. The extension and syndication will be effective on the opening of business tomorrow, June 4, 2009. The bridge loan, approximating $140,323,000 at March 31, 2009, was the remaining balance of the original $280,000,000 bridge loan which was used to partially finance the acquisition of a portfolio of 61 properties acquired by Crombie on April 22, 2008. The bridge loan was originally set to expire on October 22, 2009. The
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from May 1, 2009 to and including May 31, 2009. The distribution will be payable on June 15, 2009 to unitholders of record as at May 31, 2009. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 113 commercial properties in seven provinces, comprising approximately 11.2 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary, Crombie REIT, (902)
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Crombie REIT announces first quarter 2009 results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its results for the first quarter ended March 31, 2009. << Three months ended March 31, - Variance (In millions of dollars, - except per unit amounts) 2009 2008 $ % - FFO $20.739 $13.839 $6.900 49.9% Per Unit $0.40 $0.33 $0.07 21.2% FFO Payout ratio 56.2% 64.1% - 7.9% - AFFO $16.026 $8.096 $7.930 97.9% Per Unit $0.31 $0.19 $0.12 63.2% AFFO Payout ratio 72.7% 109.5% - 36.8% - Funds from Operations (FFO) for the first quarter of 2009 increased to $20.7 million ($0.40 per unit) from $13.8 million ($0.33 per unit) in the first quarter of 2008. The improvement was due to the portfolio acquisition of 61 retail properties from subsidiaries of Empire Company Limited (the "Portfolio Acquisition") on April 22, 2008 and the impact of the Saskatoon property acquisition in June 2008. Adjusted Funds from Operations (AFFO) for the first quarter of 2009 was $16.0 million ($0.31 per unit)
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Crombie REIT Announces Retirement of President and CEO
Crombie REIT announced today that, after a career of more than 30 years in the Canadian real estate industry and more than 20 years with Crombie REIT and its predecessors, J. Stuart Blair has advised of his intention to retire as President and Chief Executive Officer of Crombie. The Board of Trustees of Crombie has initiated a comprehensive search for a replacement for Mr. Blair as President and CEO of Crombie REIT. Mr. Blair has agreed to remain with Crombie REIT to support a smooth transition until a successor has been appointed. "During his career as leader of the real estate division of Empire Company Limited and more recently Crombie REIT, Stuart has helped to guide our transition from an Atlantic Canadian real estate business to a successful and well positioned national real estate investment trust" said Frank Sobey, Chairman of Crombie REIT. "All of us at Crombie thank Stuart for his contribution and wish him and his family the very best." About Crombie Real
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from April 1, 2009 to and including April 30, 2009. The distribution will be payable on May 15, 2009 to unitholders of record as at April 30, 2009. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 113 commercial properties in seven provinces, comprising approximately 11.2 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary, Crombie REIT,
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from March 1, 2009 to and including March 31, 2009. The distribution will be payable on April 15, 2009 to unitholders of record as at March 31, 2009. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 113 commercial properties in seven provinces, comprising approximately 11.2 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary, Crombie REIT,
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Crombie Reit announces fourth quarter and fiscal 2008 results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its results for the fourth quarter and year ended December 31, 2008. Funds from Operations (FFO) for the fourth quarter increased by 43.2% (16.1% per unit) to $18.7 million ($0.36 per unit) from $13.1 million ($0.31 per unit) in the fourth quarter of 2007. Year-to-date FFO increased by 37.5% (16.4% per unit) to $69.9 million ($1.42 per unit) from $50.8 million ($1.22 per unit) for the same period of 2007. The improvement for both the quarter and year-to-date periods was due to the portfolio acquisition of 61 retail properties from subsidiaries of Empire Company Limited (the "Portfolio Acquisition") on April 22, 2008, the impact of the individual property acquisitions and improved same-asset net operating income. Adjusted Funds from Operations (AFFO) for the fourth quarter of 2008 was $14.4 million ($0.28 per unit) compared to $7.6 million ($0.18 per unit) for the fourth quarter of
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from February 1, 2009 to and including February 28, 2009. The distribution will be payable on March 16, 2009 to unitholders of record as at February 28, 2009. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 113 commercial properties in seven provinces, comprising approximately 11.1 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary, Crombie
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Crombie REIT announces $39 million mortgage financing
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report that today it completed $39 million of mortgage financing on 8 properties acquired in a portfolio acquisition in April of 2008. The proceeds of this financing were applied to repay in part a bridge loan facility entered into by Crombie in April 2008 to partially finance the acquisition by Crombie of a portfolio of 61 properties (the "Bridge Loan"). Today's financing is comprised of $32.8 million first mortgage financing with a Schedule I Canadian bank and $6.2 million subordinate mortgage financing with Empire Company Limited ("Empire"). The aggregate $39 million of mortgage financing represents approximately 65% of the value of the 8 properties financed. The Schedule I Canadian bank and Empire mortgages have a 5 year term, a weighted average 18.27 year amortization, and a weighted average interest rate of 4.96%. Factoring in the cost of settling the delayed interest
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from January 1, 2009 to and including January 31, 2009. The distribution will be payable on February 16, 2009 to unitholders of record as at January 31, 2009. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 113 commercial properties in seven provinces, comprising approximately 11.1 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary, Crombie
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from December 1, 2008 to and including December 31, 2008. The distribution will be payable on January 15, 2009 to unitholders of record as at December 31, 2008. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 113 commercial properties in seven provinces, comprising approximately 11.1 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary,
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from November 1, 2008 to and including November 30, 2008. The distribution will be payable on December 15, 2008 to unitholders of record as at November 30, 2008. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 113 commercial properties in seven provinces, comprising approximately 11.1 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary,
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Crombie REIT announces third quarter 2008 results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its results for the third quarter and nine months ended September 30, 2008. Funds from Operations (FFO) for the third quarter increased by 56.5% to $19.0 million ($0.36 per unit) from $12.1 million ($0.29 per unit) in the third quarter of 2007. Year-to-date FFO increased by 35.5% to $51.2 million ($1.06 per unit) from $37.8 million ($0.91 per unit) for the same period of 2007. The improvement for both the quarter and year-to-date periods was due to the portfolio acquisition of 61 retail properties from subsidiaries of Empire Company Limited (the "Portfolio Acquisition") on April 22, 2008, the impact of the individual property acquisitions and improved same-asset net operating income (NOI). Adjusted Funds from Operations (AFFO) for the third quarter of 2008 was $12.2 million ($0.23 per unit) compared to $6.1 million ($0.15 per unit) for the third quarter of 2007. Year-to-date AFFO
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Crombie REIT sells West End Mall in Nova Scotia
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced it has completed the sale of West End Mall in Halifax, Nova Scotia to OPB Realty Inc for total proceeds of $10.4 million. West End Mall is a mixed-use facility located in Halifax with a gross leaseable area of approximately 204,000 square feet, located on a 4.3 acre site which is leased from Sears Canada Inc. and Foord Construction Limited ("Foord"), a subsidiary of Empire Company Limited. The property is shadow anchored by The Bay, Wal-Mart and Sobeys and is 84.4% leased to 44 tenants, which include a number of retail stores and professional offices. Crombie has used the proceeds from the sale to defease the CMBS mortgage outstanding on the property at a total cost of approximately $9 million. The remaining balance of funds, net of expenses, was used to reduce the bridge loan facility. About Crombie Crombie is an open-ended real estate investment trust established under, and governed by, the
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from October 1, 2008 to and including October 31, 2008. The distribution will be payable on November 17, 2008 to unitholders of record as at October 31, 2008. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 113 commercial properties in seven provinces, comprising approximately 11.1 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary, Crombie
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Crombie REIT announces the closing of the $100 million refinancing of $280 million bridge loan
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report that it closed today the previously announced mortgage financing with HBOS Canada ("HBOS") to refinance $100 million of the bridge loan used to partially finance the portfolio acquisition of 61 properties completed on April 22, 2008. TD Securities acted as agent on the transaction. The fixed rate mortgages have a weighted average 7.7 year term, with a 25 year amortization, and a weighted average interest rate of 5.91%. Factoring in the cost of delayed interest rate swap hedges placed upon assumption of the bridge loan, the overall weighted average interest rate is 6.09%. This overall weighted average interest rate is 26 basis points lower than the 6.35% rate used to model the pro forma accretion of the portfolio acquisition. Commenting on the closing of the financing, J. Stuart Blair, President and Chief Executive Officer stated: "While the credit markets continue to prove to
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from September 1, 2008 to and including September 30, 2008. The distribution will be payable on October 15, 2008 to unitholders of record as at September 30, 2008. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 113 commercial properties in seven provinces, comprising approximately 11.1 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary,
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from August 1, 2008 to and including August 31, 2008. The distribution will be payable on September 15, 2008 to unitholders of record as at August 31, 2008. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 113 commercial properties in six provinces, comprising approximately 11.1 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary,
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Crombie REIT announces second quarter 2008 results and commitments to refinance $100 million of bridge loan
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its results for the second quarter and six months ended June 30, 2008. Funds from Operations (FFO) for the second quarter increased by 48.0% to $18.6 million ($0.37 per unit) from $12.6 million ($0.30 per unit) in the second quarter of 2007. Year-to-date FFO increased by 25.6% to $32.2 million ($0.70 per unit) from $25.6 million ($0.61 per unit) for the same period of 2007. The improvement for both the quarter and year-to-date periods was due to the portfolio acquisition of 61 retail properties from subsidiaries of Empire Company Limited (the "Acquisition") on April 22, 2008, the impact of the individual property acquisitions since January 1, 2007 and increased same-asset net operating income (NOI). Adjusted Funds from Operations (AFFO) for the second quarter of 2008 was $11.7 million ($0.23 per unit) compared to $10.3 million ($0.25 per unit) for the second quarter of 2007.
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from July 1, 2008 to and including July 31, 2008. The distribution will be payable on August 15, 2008 to unitholders of record as at July 31, 2008. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 114 commercial properties in six provinces, comprising approximately 11.3 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary, Crombie REIT, (902)
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from June 1, 2008 to and including June 30, 2008. The distribution will be payable on July 15, 2008 to unitholders of record as at June 30, 2008. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 114 commercial properties in six provinces, comprising approximately 11.3 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary, Crombie REIT, (902)
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Crombie REIT acquires River City Centre in Saskatoon
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce the acquisition of the River City Centre in Saskatoon, Saskatchewan. River City Centre consists of three multi-tenant buildings and three freestanding pads totalling 160,456 square feet, on a 13.4 acre site. The property was purchased for $27.2 million, excluding closing and transaction costs, representing a capitalization rate of 7.1%. The property is 100% leased to 13 tenants which include Sears Home, Part Source (Canadian Tire), Staples, Sport Mart (Forzani), Dollarama and Giant Tiger. Approximately 85% of the area and 83% of the rental revenue is derived from national retailers with strong covenants. The purchase price will be satisfied by the assumption of a $16.4 million fixed rate mortgage, carrying and interest rate of 5.35% with a three year remaining term, with the balance of funds provided by the revolving credit facility. About Crombie Crombie is an open-ended real estate
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07417 per unit for the period from May 1, 2008 to and including May 30, 2008. The distribution will be payable on June 16, 2008 to unitholders of record as at May 30, 2008. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 113 commercial properties in six provinces, comprising approximately 11.3 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary, Crombie REIT, (902)
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Crombie REIT announces first quarter results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its results for the first quarter ended March 31, 2008. Funds from Operations (FFO) for the first quarter increased by 4.0% to $13.6 million ($0.33 per unit) from $13.1 million ($0.31 per unit) in the first quarter of 2007. The improvement was due to increased same-asset net operating income (NOI) of 2.0% during the first quarter of 2008 and the net impact from the five property acquisitions since December 31, 2006. Adjusted Funds from Operations (AFFO) for the first quarter of 2008 was $7.9 million ($0.19 per unit) compared to $10.9 million ($0.26 per unit) for the first quarter of 2007. The reduction was due to higher tenant improvement costs of $3.8 million, partially due to early renegotiation of lease renewals coming due in 2009 that will have higher average net rent per square foot on an ongoing basis. As tenant improvement expenditures are not incurred evenly throughout a fiscal
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Crombie REIT announces closing of acquisition, exchange of previously issued subscription receipts and extension of maturity date for debentures
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it has closed the acquisition (the "Acquisition") of a portfolio of 61 retail properties from subsidiaries of Empire Company Limited ("Empire"). The properties represent approximately 3.3 million square feet of gross leaseable area and consist of 40 freestanding grocery stores carrying various Sobeys banners and 21 strip plazas all of which are also anchored by Sobeys bannered grocery stores. The Acquisition was previously announced by Crombie on February 25, 2008. The purchase price for the Acquisition was $428.5 million, excluding closing and transaction costs, and represents an effective capitalization rate of 8.12% before transaction costs. The Acquisition was immediately accretive to Crombie's adjusted funds from operations ("AFFO") and, as a result, Crombie is increasing its annual distributions from $0.85 per unit to $0.89 per unit in connection with
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07083 per unit for the period from April 1, 2008 to and including April 30, 2008. The distribution will be payable on May 15, 2008 to unitholders of record as at April 30, 2008. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 52 commercial properties in six provinces, comprising approximately 8.0 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary, Crombie REIT, (902)
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Crombie REIT announces closing of $93,005,250 offering of subscription receipts and convertible debentures
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that it has closed its previously announced public offering of 5,727,750 subscription receipts, after full exercise of the underwriters' over-allotment option in respect of the subscription receipts on March 14, 2008, at a price of $11.00 per subscription receipt, and $30 million aggregate principal amount of 7.0% extendible convertible unsecured subordinated debentures (the "Offering"), for aggregate gross proceeds from the Offering of $93,005,250. The subscription receipts and convertible debentures have been approved for listing on the TSX and will trade under the symbols "CRR.R" and "CRR.DB", respectively. The underwriting syndicate for the Offering was co-led by CIBC World Markets Inc. and TD Securities Inc., and included BMO Nesbitt Burns Inc., Scotia Capital Inc., National Bank Financial Inc., Canaccord Capital Corporation and Raymond James Ltd. The net
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07083 per unit for the period from March 1, 2008 to and including March 31, 2008. The distribution will be payable on April 15, 2008 to unitholders of record as at March 31, 2008. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 52 commercial properties in six provinces, comprising approximately 8.0 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary, Crombie REIT, (902)
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Crombie REIT announces exercise by underwriters of over-allotment option
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced today that the underwriters of its previously announced public offering of 5,455,000 subscription receipts and $30 million aggregate principal amount of 7.0% extendible convertible unsecured subordinated debentures (the "Offering"), have notified Crombie of their intention to exercise their over-allotment option to purchase an addition 272,750 subscription receipts at a price of $11.00 per subscription receipt for additional gross proceeds of $3,000,250. The closing of the over-allotment option will occur concurrently with the closing of the Offering scheduled for March 20, 2008, resulting in aggregate gross proceeds to Crombie of $93,005,250, which will be used by Crombie to satisfy part of the purchase price of its previously announced acquisition of a portfolio of 61 retail properties representing approximately 3.3 million square feet of gross leaseable area from subsidiaries of Empire
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Crombie REIT announces fourth quarter and fiscal 2007 results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its results for the fourth quarter and year ended December 31, 2007. Funds from Operations (FFO) for the fourth quarter increased by 22.0% to $13.1 million ($0.31 per unit) from $10.7 million ($0.26 per unit) in the fourth quarter of 2006. The improvement was due to increased same-asset net operating income (NOI) of 9.7% during the fourth quarter of 2007 and the net impact from the five property acquisitions since December 31, 2006. Annual 2007 FFO is not comparable to the prior year results due to the abbreviated reporting period in 2006 as Crombie began operations on March 23, 2006. Adjusted Funds from Operations (AFFO) for the fourth quarter of 2007 was $7.6 million ($0.18 per unit) compared to $8.3 million ($0.20 per unit) for the fourth quarter of 2006, due to higher maintenance capital and tenant improvement costs. As maintenance capital and tenant improvement expenditures are not
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07083 per unit for the period from February 1, 2008 to and including February 29, 2008. The distribution will be payable on March 17, 2008 to unitholders of record as at February 29, 2008. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 52 commercial properties in six provinces, comprising approximately 8.0 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary, Crombie
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07083 per unit for the period from January 1, 2008 to and including January 31, 2008. The distribution will be payable on February 15, 2008 to unitholders of record as at January 31, 2008. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 52 commercial properties in six provinces, comprising approximately 7.9 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary, Crombie
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Crombie REIT provides improved clarity to “REIT” tax status
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) announced that, as of January 1, 2008, Crombie believes it has organized its assets and operations to permit Crombie to satisfy the criteria contained in the Income Tax Act (Canada), and as further clarified in the proposed technical amendments issued by the Department of Finance (Canada) on December 20, 2007, in regard to the definition of "real estate investment trust" ("REIT"). The relevant tests apply throughout the taxation year of Crombie and, as such, the actual status of Crombie for any particular taxation year can only be ascertained at the end of the particular year. During the fourth quarter of 2007 Crombie's management and their advisors underwent an extensive review of Crombie's organizational structure and operations to support Crombie's assertion that it meets the REIT criteria at January 1, 2008. In addition, the issuance of proposed technical amendments on
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07083 per unit for the period from December 1, 2007 to and including December 31, 2007. The distribution will be payable on January 15, 2008 to unitholders of record as at December 31, 2007. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 52 commercial properties in six provinces, comprising approximately 7.9 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary,
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07083 per unit for the period from November 1, 2007 to and including November 30, 2007. The distribution will be payable on December 17, 2007 to unitholders of record as at November 30, 2007. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 52 commercial properties in six provinces, comprising approximately 7.9 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary,
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Crombie REIT announces third quarter 2007 results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its third quarter results for the quarter ending September 30, 2007. Funds from Operations (FFO) for the quarter increased by 7.3% to $12.1 million ($0.29 per unit) from $11.3 million ($0.27 per unit) during the third quarter of 2006. Year-to-date FFO is not comparable to the prior year FFO results due to the abbreviated reporting period in 2006 as Crombie began operations on March 23, 2006. Adjusted Funds from Operations (AFFO) for the quarter decreased by 5.8% to $6.276 million ($0.15 per unit) from $6.662 million ($0.16 per unit) during the third quarter of 2006 due primarily to higher maintenance capital expenditures during 2007. As these expenditures are not incurred evenly throughout the fiscal year, there can be volatility in AFFO on a quarterly basis. Property net operating income (NOI) for the quarter increased by 12.8% to $20.463 million from $18.148 million during the third
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07083 per unit for the period from October 1, 2007 to and including October 31, 2007. The distribution will be payable on November 15, 2007 to unitholders of record as at October 31, 2007. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 52 commercial properties in six provinces, comprising approximately 7.9 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary,
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Crombie REIT acquires Town Centre Plaza in LaSalle Ontario
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce the acquisition of the Town Centre Plaza in LaSalle, Ontario. Town Centre Plaza is a single level multi tenant building comprised of approximately 87,700 square feet of gross leaseable area. The plaza is anchored by a Sobeys Price Chopper bannered store and includes sixteen tenants with a 98.5% occupancy rate. The property was purchased for approximately $12.7 million, representing a capitalization rate of approximately 8.0%. The purchase price will be satisfied by the assumption of a $4.0 million fixed rate mortgage, carrying and interest rate of 6.0% with an approximate four year term and the balance of funds provided by the revolving credit facility. About Crombie Crombie is an open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07083 per unit for the period from September 1, 2007 to and including September 30, 2007. The distribution will be payable on October 15, 2007 to unitholders of record as at September 30, 2007. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 51 commercial properties in six provinces, comprising approximately 7.8 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary,
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Crombie REIT acquires freestanding IGA food store in Brossard
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce the acquisition of a freestanding IGA store in Brossard, Quebec. The Brossard IGA is a grocery store of approximately 38,800 square feet of gross leaseable area. The property was purchased for a total of $7.3 million, representing a capitalization rate of 6.7%. The property is approximately three years old. Additional site density will allow for future development of an additional 10,000 square foot expansion to the IGA food store and additional tenants. This future expansion was not included in the financial analysis for the property. The purchase price will be satisfied by the assumption of a $3.4 million fixed rate mortgage, carrying an interest rate of 6.44% with a 17 year term, with the balance of funds provided by the revolving credit facility. About Crombie Crombie is an open-ended real estate investment trust established under, and governed by, the laws of the Province of
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07083 per unit for the period from August 1, 2007 to and including August 31, 2007. The distribution will be payable on September 17, 2007 to unitholders of record as at August 31, 2007. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 50 commercial properties in six provinces, comprising approximately 7.8 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary,
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Crombie REIT announces second quarter 2007 results
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its second quarter results for the quarter ending June 30, 2007. Funds from Operations (FFO) for the quarter increased by 3.7% to $12.6 million ($0.30 per unit) from $12.1 million ($0.29 per unit) during the second quarter of 2006. Year-to-date FFO is not comparable to the prior year FFO results due to the abbreviated reporting period in 2006 as Crombie began operations on March 23, 2006. Net income for the quarter was $1.3 million ($0.06 per unit) compared to $3.2 million ($0.15 per unit) for the quarter ended June 30, 2006. Net income for the year-to-date period ended June 30, 2007 was $4.6 million ($0.21 per unit) compared to $6.0 million ($0.28 per unit) for the estimated year-to-date period of 2006. As previously announced, on July 25, 2007, Crombie completed the acquisition of a property in Fort Erie, Ontario. The Fort Erie site is a grocery anchored neighbourhood retail centre of
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Crombie REIT acquires International Gateway Centre in Fort Erie
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce the acquisition of the International Gateway Centre in Fort Erie, Ontario. International Gateway Centre is a single level grocery anchored strip centre comprised of approximately 92,500 square feet of gross leaseable area. The property was purchased for a total of $19.2 million, representing a capitalization rate of 6.9%. The property is approximately six years old and is anchored by a Sobeys food store. It is comprised of two multi-tenant buildings as well as a free standing TD Canada Trust building and Shoppers Drug Mart building. Additional tenants include Dollarama, a Credit Union, Easyhome and Bulk Barn. Additional site density will allow for future development of an additional 10,000 square foot free standing building, 25,000 square feet of multi-tenant retail strip and a 10,000 square foot expansion to the Sobeys food store. This future expansion was not included in the financial
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07083 per unit for the period from July 1, 2007 to and including July 31, 2007. The distribution will be payable on August 15, 2007 to unitholders of record as at July 31, 2007. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 49 commercial properties in six provinces, comprising approximately 7.7 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary, Crombie REIT,
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.07083 per unit for the period from June 1, 2007 to and including June 30, 2007. The distribution will be payable on July 16, 2007 to unitholders of record as at June 30, 2007. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties. Crombie REIT currently owns a portfolio of 49 commercial properties in six provinces, comprising approximately 7.7 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary, Crombie REIT,
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Crombie REIT announces first quarter 2007 results and second increase to unitholder distributions
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its first quarter results for the quarter ending March 31, 2007. Net income for the quarter was $3.3 million ($0.15 per unit) compared to $0.285 million ($0.01 per unit) for the nine-day period March 23, 2006 to March 31, 2006. The pro-rated estimated first quarter of 2006 had net income of $2.85 million ($0.14 per unit). The improvement over the estimated results were due to higher occupancy levels in the office and mixed-use properties combined with the impact of the property acquisitions completed in the fourth quarter of 2006 and the first quarter of 2007. As previously announced, on January 17, 2007, Crombie completed the acquisition of a property in Carleton Place, Ontario and on March 7, 2007, Crombie completed the acquisition of a property in Perth, Ontario. The Carleton Place site is a grocery anchored neighbourhood retail centre of approximately 80,000 square feet and was
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.06917 per unit for the period from April 1, 2007 to and including April 30, 2007. The distribution will be payable on May 15, 2007 to unitholders of record as at April 30, 2007. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties in Ontario and Western Canada. Crombie REIT currently owns a portfolio of 49 commercial properties in six provinces, comprising approximately 7.6 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer
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Crombie REIT announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.06917 per unit for the period from March 1, 2007 to and including March 31, 2007. The distribution will be payable on April 13, 2007 to unitholders of record as at March 31, 2007. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties in Ontario and Western Canada. Crombie REIT currently owns a portfolio of 49 commercial properties in six provinces, comprising approximately 7.6 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer
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Crombie REIT acquires Perth Mews in the Ottawa region
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce the acquisition of Perth Mews Shopping Mall, located in Perth, Ontario. Perth Mews Shopping Mall is a single level grocery anchored strip centre comprised of approximately 102,500 square feet of gross leaseable area. The property was purchased for a total of $17.9 million, representing a capitalization rate of 7.3%. A new free standing 10,000 square foot Mark's Work Warehouse was recently completed. Additional tenants include Your Independent Grocer, LCBO, Bargain Shop, CIBC and Shoppers Drug Mart. The purchase price will initially be satisfied by funds from the revolving credit facility. Crombie has entered into a commitment letter to place a $12.6 million fixed rate mortgage on the property, carrying an interest rate of 5.43% with a fifteen year term. The financing is anticipated to close prior to the end of April 2007. About Crombie Crombie is an open-ended real estate investment
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Crombie REIT announces fiscal 2006 results and increase to distributions
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to report its fiscal 2006 operating results for the period ending December 31, 2006. Net income for the year-to-date period of March 23, 2006 to December 31, 2006 was $9.405 million ($0.44 per unit) compared to $7.141 million ($0.35 per unit) forecasted for the same pro-rated period. The year-to-date periods reflect the commencement of operations on March 23, 2006, coincident with the completion of the initial public offering ("IPO"). Net income for the fourth quarter was $3.217 million ($0.15 per unit) compared to $2.44 million ($0.12 per unit) forecasted for the quarter ended December 31, 2006. The Adjusted Funds From Operations ("AFFO") payout ratio for the year-to-date period of March 23, 2006 to December 31, 2006 was 99.6%, which was in line with the anticipated AFFO payout ratio of 100%. This reflects the fact that Crombie has been able to fund its distributions, as well as
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Crombie Reit announces retirement of Vice President of Leasing
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced the retirement of Allan K. MacDonald, Vice President of Leasing, for the Stellarton, NS. based Real Estate Investment Trust. Allan's successor has not been announced at this point. MacDonald, an 18-year employee of Crombie REIT and its predecessor, Crombie Properties Limited, will retire effective April 30, 2007. "Al's contribution to our success at Crombie REIT is significant and recognized throughout the industry. He has enhanced the reputation of leasing group, fostered the development of people, emphasized a tight focus on tenant satisfaction, and kept us at the forefront of changes in the area of maximizing occupancy," said J. Stuart Blair, president and CEO. "We offer our best wishes to Al and his wife, Joanne, for a wonderful retirement." About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust
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Crombie Reit announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.0667 per unit for the period from February 1, 2007 to and including February 28, 2007. The distribution will be payable on March 15, 2007 to unitholders of record as at February 28, 2007. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties in Ontario and Western Canada. Crombie REIT currently owns a portfolio of 48 commercial properties in six provinces, comprising approximately 7.5 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: Scott M. Ball, C.A., Vice President, Chief Financial
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Crombie Reit announces monthly distribution
Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced a distribution of $0.0667 per unit for the period from January 1, 2007 to and including January 31, 2007. The distribution will be payable on February 15, 2007 to unitholders of record as at January 31, 2007. About Crombie Real Estate Investment Trust Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties in Ontario and Western Canada. Crombie REIT currently owns a portfolio of 48 commercial properties in six provinces, comprising approximately 7.5 million square feet of gross leasable area. More information about Crombie REIT can be found at www.crombiereit.com . Contact: please contact: Scott M. Ball, C.A., Vice President, Chief
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Crombie REIT acquires Carleton Place in the Ottawa region
Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce the acquisition of The Mews of Carleton Place, located in Carleton Place, Ontario. The Mews of Carleton Place is a single level grocery anchored strip centre comprised of four buildings, totalling approximately 79,700 square feet of gross leaseable area. Tenants include Price Chopper, Giant Tiger, CIBC and Home Hardware. The site is also shadow anchored by an LCBO location. The property was purchased for a total of $11.8 million, representing a capitalization rate of 7.9%. The purchase price will initially be satisfied by funds from the revolving credit facility. Crombie has entered into a term sheet to place an $8.3 million fixed rate mortgage on the property, carrying an approximate interest rate of 5.2% with a twelve year term. The financing is anticipated to close prior to the end of the first quarter. About Crombie Crombie is an open-ended real estate investment trust established
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