Crombie Real Estate Investment Trust (CRR.UN) investor relations material

Strategic overview and value creation

• Focus on value creation through owning, operating, optimizing, and partnering, supported by a solid foundation of financial strength, ESG, and people & culture.

• Portfolio spans 311 properties across 10 provinces, with a $6.5B fair value and 19.5M sq. ft. of GLA as of June 30, 2026.

• Retail and retail-related industrial assets comprise 87.6% of portfolio fair value.

• Competitive advantages include a coast-to-coast platform, network optimization, and a strategic partnership with Empire.

• Stakeholder focus includes unitholders, tenants, and communities.

Portfolio performance and operational excellence

• FFO per unit grew 13.8% from $1.16 (2022) to $1.32 (Q2 2026); NAV per unit up 10.6% to $19.37.

• Portfolio average annual minimum rent increased 13.3% to $19.34 per sq. ft.

• Committed occupancy remained high at 96.9–97.5%, with renewal spreads of 7.0–11.8%.

• Acquired $384.5M in assets and disposed of $109.2M in non-core properties since 2023.

• Upgraded 1.18M sq. ft. and maintained strong leasing metrics.

Development, modernization, and optimization

• Invested $38M in 61 modernization projects in 2025 and $17M in 21 projects in H1 2026.

• Modernizations deliver 6–8% target yield on cost and improve site-wide leasing and occupancy.

• 75 retail intensification sites identified, with 10–20 near-term opportunities and 3 under construction.

• Example: Spryfield project achieved a 10.4% AMR increase and 6% yield on cost with a 20-year lease.

• Major development pipeline includes 25 sites with 10.5M sq. ft. potential density and 11,280 residential units.