Q1 2026 CT Real Estate Investment Trust Earnings Call Transcript

May 12, 2026 / 12:00 PM GMT

Release Date Price: $13.49

Transcript

Key Points

Positve

CT Real Estate Investment Trust (CTRRF) reported a high occupancy rate of 99.4%, consistent with prior periods.
Same property NOI grew by 2.3% and net operating income increased by 4.7% year-over-year.
AFFO per unit increased by 2.8% and FFO per unit increased by 3.5% compared to the first quarter of last year.
The Board of Trustees approved a 3.5% increase in monthly distributions, marking the 13th increase since the IPO.
CT Real Estate Investment Trust (CTRRF) announced three new investment opportunities with a total expected capital commitment of approximately $43 million, expected to deliver an attractive going-in yield.

Negative

General administrative expenses as a percentage of property revenue were 2.6%, slightly down from 2.9% last year, but still a notable cost.
Higher property expenses and interest costs partially offset the increase in NOI.
The development cost per square foot increased, driven by less efficient store expansions and the Canada Square retrofit project.
The market for larger retail portfolios is relatively quiet, limiting opportunities for significant acquisitions.
Some leases in the portfolio have flat rent renewals, which could limit potential revenue growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CRT_u.TO - CT Real Estate Investment Trust
Q1 2026 CT Real Estate Investment Trust Earnings Call
May 12, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by. My name is Shannon, and I'll be your conference operator today. At this time, I would like to welcome everyone to CT REIT's Q1 2026 Earnings Results Conference Call.

All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer period. If you would like to ask a question during that time, simply press *11 on your telephone keypad. To withdraw your question, please press *11. The speakers on the call today are Kevin Salzberg, President and Chief Executive Officer of CT REIT, Jodi Spiegel, Senior Vice President, Real Estate, and Leslie Gibson, Chief Financial Officer.

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