CROMF on Toronto Stock Exchange

Crombie REIT

Canadian real estate investment trust

Crombie REIT (formerly Atlantic Shopping Centres, then Crombie Properties) is a Canadian unincorporated open ended publicly traded real estate investment trust which trades on the Toronto Stock Exchange and has an estimated market capitalization of $1.6 billion. The company is based in New Glasgow, Nova Scotia.2 Its shares trade on Toronto Stock Exchange under the symbol CROMF.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

Feb 4, 1964Founded1

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  • TickerCROMF on Toronto Stock Exchange1
  • Industryreal estate investment trust1
  • HeadquartersStellarton1
  • Websitewww.crombie.ca

Crombie REIT (formerly Atlantic Shopping Centres, then Crombie Properties) is a Canadian unincorporated open ended publicly traded real estate investment trust which trades on the Toronto Stock Exchange and has an estimated market capitalization of $1.6 billion. The company is based in New Glasgow, Nova Scotia.2

Corporate structure

Crombie REIT sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Crombie REIT Stellarton
    • Scotia Square Owned · Halifax, Canada

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Crombie REIT reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

  • Scotia Square

Things Wikidata records the company as owning, with the share when stated.1

The story

Crombie REIT was founded on February 4, 1964 as Atlantic Shopping Centres Limited. During the 1990s, the company merged with Halifax Developments Limited (known for Scotia Square), as well as Canadian Shopping Centres Limited. In the mid-2000s, the company was renamed as it expanded beyond both the Atlantic region as well as shopping centres.

It was converted in 2006 into an unincorporated open ended publicly traded real estate investment trust which trades on the Toronto Stock Exchange. Its largest unitholder is Empire Company Limited (ECL) which as of mid-2013 owned approximately 40% of the units in the REIT. ECL controls the Sobeys supermarket chain which is also the REIT's major tenant.

In January 2014, Crombie's commercial leasing division issued eviction notices to two local food vendors, Ray's Lebanese Cuisine and A Taste of India, in the Scotia Square food court in Halifax, Nova Scotia. A petition to save the two popular restaurants' leased tenancy was circulated in February and received over 5200 signatures. Many local patrons expressed anger and disappointment in Crombie's actions through social media. Ray's was the most longstanding eatery in the mall, having been operated by Ray Khattar for 31 years. He initially agreed to a doubling of his rent, from $5,000 to $10,000, but was then served an eviction notice regardless. Crombie was criticized for forcing out local businesses in favour of chain operations like McDonald's and Subway, having also evicted another popular eatery (PG's) in 2011 to make way for a bigger Tim Horton's. An article in The Coast lamented that Scotia Square's was the "best mall food court in the country, with interesting and varied local operations, and yet there seems to be a conscious effort to destroy that reputation."

In a follow-up news article, the CBC reported that Crombie had recanted and stated the businesses could stay; however, they demanded a doubling of the rent, a percentage of the sales, and a relocation of the outlets to a different part of the food court. While Ray's Lebanese Cuisine has left the Scotia Square food court, A Taste of India relocated to a new counter within the facility near their original spot.

In May 2024, Crombie REIT's holdings became caught up in an anti-competition violation complaint, by providing Canadian grocers undue influence over tenants and affecting Canadian grocery prices unfairly.

From Wikipedia’s article on Crombie REIT, shared under CC BY-SA 4.0.3

Subsidiaries and ownership

Also owns

  • Scotia Square

From Wikidata.1

Timeline

  1. Feb 4, 1964Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3