Raymond James cuts target to CAD 18.75 for Crombie stock

Published on 10/14/2026 at 06:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Raymond James set a CAD 18.75 target for Crombie Real Estate Investment Trust stock. Q2 revenue reached CAD 129.45 million.

Analyst target and reporting dates

Raymond James lowered its Crombie target from CAD 19.50 to CAD 18.75 on October 2, 2026.
Crombie reported CAD 129.45 million in second-quarter revenue, up from CAD 127.08 million.
Crombie plans to release third-quarter results on November 4, 2026, before its November 5 conference call.

CRR.UN, CA2271071094, Illustration mit AI erstellt.

Raymond James lowered its price target for Crombie Real Estate Investment Trust (ISIN CA2271071094) to CAD 18.75 from CAD 19.50 on October 2, 2026, while keeping an Outperform rating, Markets Insider reported. The cut leaves the target above the last Toronto Stock Exchange quote, but the revised level gives the market a more cautious valuation reference.

Target cut resets valuation

The latest target change follows a second-quarter operating picture that combined higher revenue with lower profit. According to Markets Insider, revenue for the quarter ended June 30, 2026, reached CAD 129.45 million, compared with CAD 127.08 million a year earlier. Net profit was CAD 27.32 million, down from CAD 36.44 million in the year-ago quarter.

That combination matters for a retail-focused real estate investment trust: top-line growth can support leasing momentum, while weaker profit keeps financing, property costs and cash generation central to the valuation debate. Crombie's portfolio contained 311 properties and approximately 19.5 million square feet as of June 30, 2026, according to the company's investor-relations page.

Three events shape the next report

On September 15, 2026, Crombie announced a monthly distribution of CAD 0.07583 per unit payable on October 15, 2026, FinanzNachrichten reported. On September 28, 2026, the trust scheduled its third-quarter conference call, with results due after the market close on November 4, 2026.

The October 2, 2026 Raymond James target cut is the most recent analyst event in this sequence. Earlier, RBC Capital maintained a Hold rating and set a CAD 18.00 target on September 26, 2026, according to Markets Insider.

What comes with the November results?

The Globe and Mail reported that Crombie will release third-quarter results after market close on November 4, 2026, followed by a conference call on November 5, 2026, at 10:00 a.m. EST. The dates give investors a defined checkpoint for comparing revenue, profit and property operations with the CAD 129.45 million second-quarter baseline.

Last Toronto quote before publication

The last quote stood at CAD 15.68 on the Toronto Stock Exchange on October 13, 2026, at 4:00 p.m. ET. The 52-week range was CAD 14.65 to CAD 17.92, while market capitalization was CAD 2.9 billion.

Market context: Market report S&P/TSX Composite.