Investments and Other Operations


Empire’s Investments and other operations segment includes (1) a 41.5 percent equity accounted interest in Crombie REIT, an open-ended Canadian real estate investment trust. Crombie owns a portfolio of income-producing properties across Canada, with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada’s top urban and suburban markets; and (2) various equity accounted interests in real estate partnerships (collectively referred to as “Genstar”). Genstar is a residential property developer with operations in select markets in Ontario, Western Canada and the United States.