Crombie Real Estate Investment Trust - Mississauga, ON
5935 Airport Rd Suite 810 Mississauga, ON L4V 1W1 (905) 614-5440
Crombie Real Estate Investment Trust operates a portfolio of grocery-anchored retail, retail-related industrial, and mixed-use residential properties across Canada. Originally founded in 1964 as Atlantic Shopping Centres Limited, the company converted to an open-ended real estate investment trust in 2006 and trades on the Toronto Stock Exchange under the ticker symbol CRR.UN. Empire Company Limited maintains approximately 40% ownership of the REIT, creating a strategic alignment with Sobeys, which serves as Crombie's major tenant.
The REIT's investment strategy centers on necessity-based retail properties anchored by grocery stores and pharmacies, with complementary retail-related industrial and residential development projects. The portfolio is positioned across Canada's urban and suburban markets from coast to coast. The ownership structure with Empire Company Limited provides built-in tenant stability through the Sobeys grocery chain while supporting long-term lease security across the portfolio. The REIT maintains a disciplined capital allocation approach focused on acquiring and developing properties in high-quality Canadian markets.
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