CT Real Estate Investment Trust (CT REIT) is a premier Canadian real estate investment trust focused on owning, managing, and developing income-producing commercial properties. Established in 2013 as a spin-off from Canadian Tire Corporation (CTC), the REIT's portfolio spans over 375 properties and approximately 31.7 million square feet of gross leasable area across all ten Canadian provinces and two territories.
The core of CT REIT's business model revolves around long-term, triple-net leases with investment-grade tenants, providing highly predictable and stable cash flows. Canadian Tire Corporation is the REIT's most significant tenant and majority unitholder, accounting for over 90% of its annualized base minimum rent. The portfolio is heavily weighted toward the retail sector, with retail properties making up approximately 85% of the gross leasable area leased to CTC, while industrial properties, such as distribution centers, account for the remainder.
CT REIT's competitive advantage lies in its strategic alignment with Canadian Tire, which grants the trust unique insights into potential real estate acquisitions, development opportunities, and a reliable pipeline for growth. The portfolio includes stand-alone retail properties, multi-tenanted commercial centers typically anchored by a Canadian Tire store, industrial properties, and mixed-use commercial developments.
