Business
Crombie REIT Announces Fourth Quarter and Year End 2025 Results
Record committed occupancy and robust commercial same-asset property cash NOI and FFO growth, dri...
About this update from Crombie Real Estate Investment Trust
[{"type":"text","content":"Crombie REIT Announces Fourth Quarter and Year End 2025 ResultsRecord committed occupancy and robust commercial same-asset property cash NOI and FFO growth, driven by disciplined capital allocation and operational excellenceNew 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 to our annual distribution. We also established programmatic partnerships in Halifax and Vancouver that contribute management and development fees while preserving balance sheet flexibility. Looking ahead to 2026, we will continue executing against our Building Together strategy: owning and operating essential real estate at the heart of Canadian communities, deploying capital with discipline, and growing cash flow while compounding long-term value for Unitholders.\" FOURTH QUARTER SUMMARY(In thousands of Canadian dollars, except per Unit amounts and square feet and as otherwise noted)Information in this press release is a select summary of results. This press release should be read in conjunction with Crombie's Management's Discussion and Analysis for three months and year ended December 31, 2025 and Consolidated Financial Statements and Notes for the years ended December 31, 2025, and December 31, 2024. Full details on our results can be found at www.crombie.ca and www.sedarplus.ca.Operational HighlightsCommitted occupancy of 97.7% and economic occupancy of 97.4%; a 90 basis point increase on both measures, compared to the fourth quarter of 2024Renewals of 239,000 square feet at rents 10.0% above expiring rental ratesAn increase of 12.1% for the three months ended December 31, 20...