1、2016 ANNUAL REPORTRELIABLE DURABLE GROWINGCT REIT 2016 ANNUAL REPORTABOUT CT REITCT Real Estate Investment Trust(CT REIT)(TSX:CRT.UN)is an unincorporated,closed-end real estate investment trust formed to own income producing commercial properties,primarily located in Canada.Its portfolio consists of
2、 303 properties2 totalling over 24.6 million square feet of gross leasable area(GLA),consisting primarily of retail properties located across Canada.Canadian Tire Corporation,Limited(CTC)is CT REITs most significant tenant.CT REIT aims to create long-term value by generating reliable and durable gro
3、wth in adjusted funds from operations(AFFO)per unit,and we benefit from our relationship with CTC,our principal tenant and largest Unitholder.This close alignment with one of Canadas most respected,recognized and durable brands brings CT REIT a competitive advantage,to the benefit of our Unitholders
4、.This advantage extends to the other CTC banners,including Sport Chek and Marks,and allows Unitholders to participate,together with CTC,in the successful real estate strategy that CTC has been pursuing and continually refining for many decades.2 As of December 31,2016BUILDING ON OUR STRENGTHSCT REIT
5、 has a Canada-wide portfolio with a diverse range of assets that includes single-tenant properties with a Canadian Tire store,multi-tenant retail properties anchored by a Canadian Tire store,and other property types including distribution and office.Through our unique relationship with CTC,we have a
6、 comprehensive understanding of its real estate and long-term planning.We also benefit from CTCs insights into todays continually evolving retail marketplace.This knowledge helps to shape our strategy and guide our plans.In 2016,we created value for our Unitholders by expanding our portfolio,increas