MANAGEMENT REPORT
1. PREFACE
1.1 Mode of presentation
This MD&A is intended to provide the reader with an assessment of the performance of CT REITMD during the three and six months ended June 30, 2022 and should be read in conjunction with the unaudited condensed interim consolidated financial statements (the “Interim Financial Statements”) and accompanying notes of the REIT for the three and six months ended June 30 2022 prepared in accordance with International Financial Reporting Standards (“IFRS”). In addition, this MD&A should be read in conjunction with CT REIT’s forward-looking information contained in Section 14 of this MD&A. Other CT REIT disclosure documents, including the 2021 Annual Information Form, the 2021 audited annual consolidated financial statements and other public documents of the REIT, are filed in the Electronic Data, Analysis and Reporting System. (“SEDAR”), at www.sedar.com, and are available on CT REIT’s website at www.ctreit.com, in the Financial Reports section under the Investors tab.
1.2 Definitions
In this document, the terms “CT REIT”, “REIT” and “Trust” refer to CT Real Estate Investment Trust.MD and its subsidiaries, unless the context otherwise requires. In addition, the terms “Company” and “Canadian Tire” mean Canadian Tire Corporation, Limited, its controlled entities (other than CT REIT) and their collective undertakings, unless the context otherwise requires.
This document contains certain trade names and trademarks of the Company, which is its owner. For convenience, trade names and trademarks mentioned in this document may not bear the symbols MD Where MC.
Terms that are not defined in this MD&A can be found in the Glossary of Terms to the REIT’s 2021 Annual Information Form, which is filed on SEDAR at www.sedar.com and on CT REIT’s website at www.ctreit.com, in the Financial Reports section under the Investors tab.
1.3 Accounting estimates and assumptions
The preparation of interim financial statements under IFRS requires management to make estimates and judgments that affect the application of accounting policies and the reported amounts of assets and liabilities, the presentation of assets and contingent liabilities at the date of the interim financial statements, as well as the reported amounts of income and expenses during the reporting period. Refer to Section 9 of this MD&A for further details.
This MD&A includes material information as of August 8, 2022. The information presented in this document is current as of that date, unless otherwise indicated.