Business
Crombie REIT Acknowledges Empire's E-Commerce Update
New Glasgow, Nova Scotia--(Newsfile Corp. - January 28, 2026) - Crombie Real Estate Investment Tr...
About this update from Crombie Real Estate Investment Trust
[{"type":"text","content":"Crombie REIT Acknowledges Empire's E-Commerce UpdateNew 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 REITCrombie 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 www.crombie.ca.Media Contacts Kara Cameron, CPA, CA Chief Financial Officer 902-755-8100Meghna NairManager, Investor Relations(905) 301-3746This press release contains forward-looking statements that reflect the current expectations of management of Crombie about Crombie's future results, performance, achievements, prospects, and opportunities. Wherever possible, words such as \"may\", \"will\", \"estimate\", \"anticipate\", \"believe\", \"expect\", \"intend\", \"plan\", \"continue\", and similar expressions have been used to identify these forward-looking statements. These statements reflect current beliefs and are based on information currently available to management of Crombie. Forward-looking statements neces...