Crombie REIT (CMR) Q4 Net Income Down 18.3% to $10.8M

Crombie Real Estate Investment Trust (CMR) reported Q4 net income of $10.8 million, down 18.3% from $12.9 million in the same period of 2025, reflecting continued weakness in the multifamily and industrial real estate sectors. The company generated $140 million in total revenue, with operating expenses rising 12.4% year-over-year to $95.2 million. Management attributed the decline to higher interest rates, lower occupancy rates, and reduced rental growth. The REIT ended 2025 with a book value per share of $12.75, down from $13.20 in 2024, and issued a forward guidance of $1.05 per share for 2026, down from $1.10 in 2025.