Crombie Real Estate Investment Trust (Crombie Real Estate Investment Trust) Tangible Book per Share : $7.40 (As of Mar. 2024)

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What is Crombie Real Estate Investment Trust Tangible Book per Share?

Tangible book value per share is calculated as the total tangible equity divided by Shares Outstanding (EOP). Total tangible equity is calculated as the Total Stockholders Equity minus Preferred Stock minus Intangible Assets. Crombie Real Estate Investment Trust's tangible book value per share for the quarter that ended in Mar. 2024 was $7.40.

Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.

Crombie Real Estate Investment Trust Tangible Book per Share Historical Data

The historical data trend for Crombie Real Estate Investment Trust's Tangible Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Crombie Real Estate Investment Trust Tangible Book per Share Chart

Crombie Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tangible Book per Share

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7.28

7.29

7.57

7.64

7.51

Crombie Real Estate Investment Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tangible Book per Share	Get a 7-Day Free Trial															7.53	7.70	7.52	7.51	7.40

Competitive Comparison of Crombie Real Estate Investment Trust's Tangible Book per Share

For the REIT - Diversified subindustry, Crombie Real Estate Investment Trust's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Crombie Real Estate Investment Trust's Price-to-Tangible-Book Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Crombie Real Estate Investment Trust's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Crombie Real Estate Investment Trust's Price-to-Tangible-Book falls into.

Crombie Real Estate Investment Trust Tangible Book per Share Calculation

Crombie Real Estate Investment Trust's Tangible Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as

Tangible Book Value per Share	=	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)	/	Shares Outstanding (EOP)
	=	(1360.102	-	0	-	0)	/	181.084
	=	7.51

Crombie Real Estate Investment Trust's Tangible Book Value Per Share for the quarter that ended in Mar. 2024 is calculated as

Tangible Book Value per Share	=	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)	/	Shares Outstanding (EOP)
	=	(1344.868	-	0	-	0)	/	181.797
	=	7.40

Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.

Crombie Real Estate Investment Trust (OTCPK:CROMF) Tangible Book per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Crombie Real Estate Investment Trust Tangible Book per Share Related Terms

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Crombie Real Estate Investment Trust (Crombie Real Estate Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Crombie Real Estate Investment Trust (OTCPK:CROMF) » Definitions » Tangible Book per Share

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Traded in Other Exchanges

CRR.UN:Canada

Address

610 East River Road, Suite 200, New Glasgow, NS, CAN, B2H 3S2

Website

https://www.crombiereit.ca

Crombie Real Estate Investment Trust is a Canada-based open-end REIT that focuses on the retail industry. The company invests, operates, and develops a portfolio of grocery-store- and drugstore-anchored shopping centres, freestanding stores, offices, and mixed-use developments. The properties are located primarily in Canada's urban and suburban markets. Crombie's major tenants include retailers such as Sobeys, Shoppers Drug Mart, Cineplex, and Province of Nova Scotia. The company's property portfolio includes Aberdeen Business Centre, Barrington Place, Brunswick Place, Kenmount Business Centre, Barrington Tower, CIBC Building, Amherst Centre, Avalon Mall, County Fair Mall, and others.