CT Real Estate Investment Trust (CRT) 2021年年度报告「TSX」.pdf

1、RELIABLE.DURABLE.GROWING.2021 ANNUAL REPORTCT Real Estate Investment Trust (CT REIT)is an unincorporated,closed-end real estate investment trust formed to own income producing commercial properties primarily located in Canada.In 2021,CT REIT successfully navigated the challenging business environmen

2、t highlighting the resiliency of our portfolio and strength of our balance sheet.KEY STRATEGIC ACHIEVEMENTS201320216.2%AFFO per unit growth CAGR*6.0%NAV per unit CAGR$2 billion+invested since IPO10.2 millionsquare feet added to the portfolio$1 billion+public unsecured debt issuesPublic float increas

3、ed to$1.2 billion and included in several market indices8distribution increases in eight yearsAFFO payout ratio reduced to*74.5%Leverage reduced to41%*Non-GAAP ratio.Refer to Section 11.2 of the REITs 2021 Managements Discussion&Analysis included in this Annual Report.$0.40$0.50$0.60$0.70$0.80$0.90$

4、1.00$1.10Annual distributionAFFO/unit20152017201620182019202020212.6%0.8080.6500.6800.7000.7280.7570.7920.8210.8620.9190.9541.0071.0321.1043.0%4.0%4.0%4.7%3.6%Financial Performance since IPO:AFFO/unit and Distributions Growth*COVER PHOTO:Canadian Tire Showcase Store,Edmonton,Alberta.CT REIT acquired

5、 this state-of-the-art 140,000 square foot Canadian Tire property located in South Edmonton Common in 2015.Managements Discussion and AnalysisCT REIT Fourth Quarter and Full Year 2021TABLE OF CONTENTSForward-looking Disclaimer3 1.0Preface41.1Basis of Presentation41.2Definitions41.3Accounting Estimat

6、es and Assumptions41.4Quarterly and Annual Comparisons in this MD&A41.5Currency and Rounding51.6Key Operating Performance Measures and Specified Financial Measures51.7Review and Approval by the Board of Trustees51.8Nature and Formation52.0Factors Affecting the REIT as a Result of the Covid-19 Pandem