Declared Dividend • Jul 20
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 31st July 2026 Payment date: 17th August 2026 Dividend yield will be 6.1%, which is about the same as the industry average. Announcement • Jul 16
SmartCentres Real Estate Investment Trust Declares Distribution for July 2026, Payable on August 17, 2026 SmartCentres Real Estate Investment Trust announced that the trustees of SmartCentres have declared a distribution for the month of July 2026 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on August 17, 2026 to unitholders of record as at July 31, 2026. Announcement • Jun 26
SmartCentres Real Estate Investment Trust to Report Q2, 2026 Results on Aug 06, 2026 SmartCentres Real Estate Investment Trust announced that they will report Q2, 2026 results After-Market on Aug 06, 2026 Declared Dividend • Jun 19
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 30th June 2026 Payment date: 15th July 2026 Dividend yield will be 6.1%, which is about the same as the industry average. Announcement • Jun 17
SmartCentres Real Estate Investment Trust Declares Distribution for June 2026, Payable on July 15, 2026 SmartCentres Real Estate Investment Trust announced that the trustees of SmartCentres have declared a distribution for the month of June 2026 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on July 15, 2026 to unitholders of record as at June 30, 2026. Declared Dividend • May 24
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 29th May 2026 Payment date: 15th June 2026 Dividend yield will be 6.4%, which is about the same as the industry average. Announcement • May 22
SmartCentres Real Estate Investment Trust announces Monthly dividend, payable on June 15, 2026 SmartCentres Real Estate Investment Trust announced Monthly dividend of CAD 0.1542 per share payable on June 15, 2026, ex-date on May 29, 2026 and record date on May 29, 2026. Live News • May 09
SmartCentres REIT Sees High Occupancy and Rent Growth as New Retail Projects Advance Q1 2026 results showed high occupancy and solid retail demand, with lease renewals achieving average rent growth of 11.5% excluding anchor tenants.
Same-property NOI and fair value gains contributed to higher net income, supporting ongoing development and capital plans.
New retail developments in Kingston, Lindsay and Winnipeg, along with revised agreements with Penguin, expand the project pipeline and adjust governance around related-party dealings.
For income-focused investors, the recent updates indicate that SmartCentres is not solely collecting rent on a mature portfolio. The REIT is actively re-leasing space at higher rents where possible, which supports cash flow, and is adding new retail projects in several Canadian markets. The combination of high occupancy and rent growth on renewals, excluding anchors, is a signal about tenant demand for necessity-based retail centres.
The refreshed arrangements with Penguin are important because they affect how related-party development is structured and overseen. Clearer governance can reduce potential conflicts and may give unitholders more confidence in how capital is allocated into the mixed-use and retail development pipeline. For those who follow SmartCentres, key areas to monitor include execution on the new projects and how leasing trends evolve alongside the REIT’s existing distribution commitments. New Risk • May 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Earnings have declined by 19% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • May 07
First quarter 2026 earnings released First quarter 2026 results: Revenue: CA$231.8m (down 1.0% from 1Q 2025). Net income: CA$105.3m (up CA$113.2m from 1Q 2025). Profit margin: 45% (up from net loss in 1Q 2025). Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Retail REITs industry in Canada. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Declared Dividend • Apr 22
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 30th April 2026 Payment date: 15th May 2026 Dividend yield will be 6.6%, which is higher than the industry average of 6.2%. Announcement • Apr 17
Smartcentres Real Estate Investment Trust Declares Distribution for April 2026, Payable on May 15, 2026 SmartCentres Real Estate Investment Trust announced that the trustees of SmartCentres have declared a distribution for the month of April 2026 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on May 15, 2026 to unitholders of record as at April 30, 2026. Announcement • Apr 09
SmartCentres Real Estate Investment Trust to Report Q1, 2026 Results on May 06, 2026 SmartCentres Real Estate Investment Trust announced that they will report Q1, 2026 results After-Market on May 06, 2026 Declared Dividend • Mar 20
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 31st March 2026 Payment date: 15th April 2026 Dividend yield will be 7.0%, which is higher than the industry average of 6.2%. Announcement • Mar 17
SmartCentres Real Estate Investment Trust Declares Distribution for March 2026, Payable on April 15, 2026 SmartCentres Real Estate Investment Trust announced that the trustees of SmartCentres have declared a distribution for the month of March 2026 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on April 15, 2026 to unitholders of record as at March 31, 2026. Announcement • Mar 10
SmartCentres Real Estate Investment Trust, Annual General Meeting, May 13, 2026 SmartCentres Real Estate Investment Trust, Annual General Meeting, May 13, 2026. Location: ontario, toronto Canada Declared Dividend • Feb 22
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 27th February 2026 Payment date: 16th March 2026 Dividend yield will be 6.7%, which is higher than the industry average of 6.2%. Announcement • Feb 18
SmartCentres Real Estate Investment Trust Declares Distribution for February 2026, Payable on March 16, 2026 SmartCentres Real Estate Investment Trust announced that the trustees of SmartCentres have declared a distribution for the month of February 2026 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on March 16, 2026 to unitholders of record as at February 27, 2026. Reported Earnings • Feb 13
Full year 2025 earnings released Full year 2025 results: Revenue: CA$913.9m (down 4.1% from FY 2024). Net income: CA$251.8m (up 6.4% from FY 2024). Profit margin: 28% (up from 25% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Retail REITs industry in Canada. Declared Dividend • Jan 22
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 30th January 2026 Payment date: 17th February 2026 Dividend yield will be 6.8%, which is higher than the industry average of 6.2%. Announcement • Jan 16
SmartCentres Real Estate Investment Trust Declares Distribution for the Month of January 2026, Payable on February 17, 2026 SmartCentres Real Estate Investment Trust announced that the trustees of SmartCentres have declared a distribution for the month of January 2026 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on February 17, 2026 to unitholders of record as at January 30, 2026. Announcement • Jan 15
SmartCentres Real Estate Investment Trust to Report Q4, 2025 Results on Feb 11, 2026 SmartCentres Real Estate Investment Trust announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 11, 2026 Declared Dividend • Dec 19
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 7.2%, which is higher than the industry average of 6.2%. Announcement • Dec 17
Smartcentres Real Estate Investment Trust Declares Distribution for December 2025, Payable on January 15, 2026 SmartCentres Real Estate Investment Trust announced that the trustees of SmartCentres have declared a distribution for the month of December 2025 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on January 15, 2026 to unitholders of record as at December 31, 2025. Declared Dividend • Nov 20
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 28th November 2025 Payment date: 15th December 2025 Dividend yield will be 7.1%, which is higher than the industry average of 6.2%. Announcement • Nov 19
Smartcentres Real Estate Investment Trust Declares Distribution for November 2025, Payable on December 15, 2025 SmartCentres Real Estate Investment Trust announced that the trustees of SmartCentres have declared a distribution for the month of November 2025 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on December 15, 2025 to unitholders of record as at November 28, 2025. Reported Earnings • Nov 13
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: CA$226.7m (down 9.2% from 3Q 2024). Net income: CA$65.7m (up 91% from 3Q 2024). Profit margin: 29% (up from 14% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Retail REITs industry in Canada. Announcement • Nov 12
SmartCentres Real Estate Investment Trust announced that it has received CAD 500 million in funding On November 12, 2025, SmartCentres Real Estate Investment Trust closed the transaction. Announcement • Oct 25
SmartCentres Real Estate Investment Trust to Report Q3, 2025 Results on Nov 12, 2025 SmartCentres Real Estate Investment Trust announced that they will report Q3, 2025 results After-Market on Nov 12, 2025 Declared Dividend • Oct 20
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 31st October 2025 Payment date: 17th November 2025 Dividend yield will be 7.0%, which is higher than the industry average of 6.2%. Announcement • Oct 17
SmartCentres Real Estate Investment Trust announced that it expects to receive CAD 500 million in funding SmartCentres Real Estate Investment Trust announced a private placement of Series AC senior unsecured debentures for principal amount of CAD 250 million, and Series AD senior unsecured debentures for principal amount of CAD 250 million, for aggregate gross proceeds of CAD 500 million on October 15, 2025. The debentures carry a interest rate of 3.599%, and 4.318%. The Series AC debentures will mature on June 12, 2029 and the Series AD debentures will mature on June 12, 2032. The offering is expected to close on or about November 12, 2025. Morningstar DBRS has provided the company with a provisional credit rating of BBB. The debentures being offered have not been and will not be registered under the U.S. Securities Act of 1933 and state securities laws. Announcement • Oct 16
SmartCentres Real Estate Investment Trust Declares Distribution for October 2025, Payable on November 17, 2025 SmartCentres Real Estate Investment Trust announced that the trustees of SmartCentres have declared a distribution for the month of October 2025 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on November 17, 2025 to unitholders of record as at October 31, 2025. Declared Dividend • Sep 19
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 29th September 2025 Payment date: 15th October 2025 Dividend yield will be 6.9%, which is higher than the industry average of 6.2%. Announcement • Sep 16
SmartCentres Real Estate Investment Trust Declares Distribution for September 2025, Payable on October 15, 2025 SmartCentres Real Estate Investment Trust announced that the trustees of SmartCentres have declared a distribution for the month of September 2025 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on October 15, 2025 to unitholders of record as at September 30, 2025. Declared Dividend • Aug 20
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 29th August 2025 Payment date: 15th September 2025 Dividend yield will be 6.9%, which is higher than the industry average of 6.2%. Announcement • Aug 19
SmartCentres Real Estate Investment Trust Declares Distribution for August 2025, Payable on September 15, 2025 SmartCentres Real Estate Investment Trust announced that the trustees of SmartCentres have declared a distribution for the month of August 2025 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on September 15, 2025 to unitholders of record as at August 29, 2025. Reported Earnings • Aug 10
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: CA$223.7m (down 8.2% from 2Q 2024). Funds from operations (FFO): CA$106.1m (up 17% from 2Q 2024). FFO margin: 47% (up from 37% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.7% growth forecast for the Retail REITs industry in Canada. Declared Dividend • Jul 18
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 31st July 2025 Payment date: 15th August 2025 Dividend yield will be 7.2%, which is higher than the industry average of 6.2%. Announcement • Jul 03
SmartCentres Real Estate Investment Trust to Report Q2, 2025 Results on Aug 07, 2025 SmartCentres Real Estate Investment Trust announced that they will report Q2, 2025 results After-Market on Aug 07, 2025 Declared Dividend • Jun 20
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 30th June 2025 Payment date: 15th July 2025 Dividend yield will be 7.3%, which is higher than the industry average of 6.2%. Announcement • Jun 18
SmartCentres Real Estate Investment Trust Declares Distribution for June 2025, Payable on July 15, 2025 SmartCentres Real Estate Investment Trust announced that the trustees of company have declared a distribution for the month of June 2025 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on July 15, 2025 to unitholders of record as at June 30, 2025. Declared Dividend • May 21
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 30th May 2025 Payment date: 16th June 2025 Dividend yield will be 7.3%, which is higher than the industry average of 6.2%. Reported Earnings • May 09
First quarter 2025 earnings released First quarter 2025 results: Revenue: CA$229.3m (up 5.6% from 1Q 2024). Funds from operations (FFO): CA$101.9m (up 17% from 1Q 2024). FFO margin: 44% (up from 40% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 4.3% growth forecast for the Retail REITs industry in Canada. Declared Dividend • Apr 20
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 30th April 2025 Payment date: 15th May 2025 Dividend yield will be 7.3%, which is higher than the industry average of 6.2%. Announcement • Apr 16
Smartcentres Real Estate Investment Trust Declares Distribution for the Month of April 2025, Payable on May 15, 2025 SmartCentres Real Estate Investment Trust announced that the trustees of SmartCentres have declared a distribution for the month of April 2025 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on May 15, 2025 to unitholders of record as at April 30, 2025. Announcement • Apr 08
SmartCentres Real Estate Investment Trust to Report Q1, 2025 Results on May 07, 2025 SmartCentres Real Estate Investment Trust announced that they will report Q1, 2025 results After-Market on May 07, 2025 Declared Dividend • Mar 21
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 31st March 2025 Payment date: 15th April 2025 Dividend yield will be 7.4%, which is higher than the industry average of 6.2%. Announcement • Mar 18
SmartCentres Real Estate Investment Trust Declares Distribution for the Month of March 2025, Payable on April 15, 2025 SmartCentres Real Estate Investment Trust announced that the trustees of SmartCentres have declared a distribution for the month of March 2025 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on April 15, 2025 to unitholders of record as at March 31, 2025. Announcement • Mar 10
SmartCentres Real Estate Investment Trust, Annual General Meeting, May 14, 2025 SmartCentres Real Estate Investment Trust, Annual General Meeting, May 14, 2025. Location: ontario, toronto Canada Declared Dividend • Feb 23
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 28th February 2025 Payment date: 17th March 2025 Dividend yield will be 7.3%, which is higher than the industry average of 6.2%. Announcement • Feb 20
SmartCentres Real Estate Investment Trust Declares Distribution for Month of February 2025, Payable on March 17, 2025 SmartCentres Real Estate Investment Trust announced that the trustees of SmartCentres have declared a distribution for the month of February 2025 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on March 17, 2025 to unitholders of record as at February 28, 2025. Reported Earnings • Feb 13
Full year 2024 earnings released Full year 2024 results: Revenue: CA$918.4m (down 1.2% from FY 2023). Net income: CA$236.8m (down 43% from FY 2023). Profit margin: 26% (down from 45% in FY 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 1.7% p.a. on average during the next 2 years, compared to a 2.7% growth forecast for the Retail REITs industry in Canada. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Feb 06
SmartCentres Real Estate Investment Trust announced that it has received CAD 300 million in funding SmartCentres Real Estate Investment Trust announced a private placement of Series AB senior unsecured debentures for aggregate principal amount of CAD 300 million on February 5, 2025. The debenture will carry interest rate of 4.737% Debenture will mature on August 5, 2031. The debentures offered have not been and will not be registered under the U.S. Securities Act of 1933 and state securities laws. Morningstar DBRS has provided the company with a credit rating of BBB with a stable trend relating to the debentures. Declared Dividend • Jan 23
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 31st January 2025 Payment date: 18th February 2025 Dividend yield will be 7.7%, which is higher than the industry average of 6.2%. Announcement • Jan 21
SmartCentres Real Estate Investment Trust to Report Q4, 2024 Results on Feb 12, 2025 SmartCentres Real Estate Investment Trust announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 12, 2025 Announcement • Jan 18
SmartCentres Real Estate Investment Trust Declares Distribution for the Month of January 2025, Payable on February 17, 2025 SmartCentres Real Estate Investment Trust announced that the trustees of SmartCentres have declared a distribution for the month of January 2025 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on February 17, 2025 to unitholders of record as at January 31, 2025. Declared Dividend • Dec 22
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 7.4%, which is higher than the industry average of 6.2%. Announcement • Dec 18
SmartCentres Real Estate Investment Trust Declares Distribution for December 2024, Payable on January 15, 2025 SmartCentres Real Estate Investment Trust announced that the trustees of SmartCentres have declared a distribution for the month of December 2024 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on January 15, 2025 to unitholders of record as at December 31, 2024. Recent Insider Transactions • Dec 15
Executive Chairman & CEO recently bought CA$1.1m worth of stock On the 11th of December, Mitchell Goldhar bought around 44k shares on-market at roughly CA$25.45 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mitchell has been a buyer over the last 12 months, purchasing a net total of CA$9.5m worth in shares. Declared Dividend • Nov 21
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 29th November 2024 Payment date: 16th December 2024 Dividend yield will be 7.3%, which is higher than the industry average of 6.2%. Announcement • Nov 19
SmartCentres Real Estate Investment Trust Declares Distribution for the Month of November 2024, Payable on December 16, 2024 SmartCentres Real Estate Investment Trust announced that the trustees of SmartCentres have declared a distribution for the month of November 2024 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on December 16, 2024 to unitholders of record as at November 29, 2024. Reported Earnings • Nov 14
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: CA$243.3m (down 11% from 3Q 2023). Net income: CA$34.4m (down 80% from 3Q 2023). Profit margin: 14% (down from 64% in 3Q 2023). Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Retail REITs industry in Canada are expected to grow by 3.0%. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Declared Dividend • Oct 21
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 31st October 2024 Payment date: 15th November 2024 Dividend yield will be 7.1%, which is higher than the industry average of 6.2%. Announcement • Oct 17
SmartCentres Real Estate Investment Trust Declares Distribution for the Month of October 2024, Payable on November 15, 2024 SmartCentres Real Estate Investment Trust announced that the trustees have declared a distribution for the month of October 2024 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on November 15, 2024 to unitholders of record as at October 31, 2024. Announcement • Oct 11
SmartCentres Real Estate Investment Trust to Report Q3, 2024 Results on Nov 13, 2024 SmartCentres Real Estate Investment Trust announced that they will report Q3, 2024 results After-Market on Nov 13, 2024 Declared Dividend • Sep 20
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 27th September 2024 Payment date: 15th October 2024 Dividend yield will be 6.9%, which is higher than the industry average of 6.2%. Announcement • Sep 17
SmartCentres Real Estate Investment Trust Declares Distribution for September 2024, Payable on October 15, 2024 SmartCentres Real Estate Investment Trust announced that the trustees of company have declared a distribution for the month of September 2024 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on October 15, 2024 to unitholders of record as at September 30, 2024. Declared Dividend • Aug 19
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 30th August 2024 Payment date: 16th September 2024 Dividend yield will be 7.6%, which is higher than the industry average of 6.2%. Announcement • Aug 16
SmartCentres Real Estate Investment Trust Declares Distribution for the Month of August 2024, Payable on September 16, 2024 SmartCentres Real Estate Investment Trust announced that the trustees of SmartCentres have declared a distribution for the month of August 2024 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on September 16, 2024 to unitholders of record as at August 30, 2024. Reported Earnings • Aug 09
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: CA$228.1m (up 1.1% from 2Q 2023). Net income: CA$104.6m (down 23% from 2Q 2023). Profit margin: 46% (down from 60% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.3% growth forecast for the Retail REITs industry in Canada. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Aug 01
SmartCentres Real Estate Investment Trust announced that it has received CAD 350 million in funding On August 1, 2024, SmartCentres Real Estate Investment Trust closed the transaction. Announcement • Jul 20
SmartCentres Real Estate Investment Trust announced that it expects to receive CAD 350 million in funding SmartCentres Real Estate Investment Trust announced a private placement of Series AA senior unsecured debentures for gross proceeds of CAD 350 million on July 18, 2024. The debenture will carry interest rate of 5.162%. Debenture will mature on August 1, 2030. The transaction is expected to close by August 1, 2024. Declared Dividend • Jul 19
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 31st July 2024 Payment date: 15th August 2024 Dividend yield will be 7.8%, which is higher than the industry average of 6.2%. Announcement • Jul 16
SmartCentres Real Estate Investment Trust Declares Distribution for the Month of July 2024, Payable on August 15, 2024 SmartCentres Real Estate Investment Trust announced that the trustees of SmartCentres have declared a distribution for the month of July 2024 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on August 15, 2024 to unitholders of record as at July 31, 2024. Announcement • Jul 13
SmartCentres Real Estate Investment Trust to Report Q2, 2024 Results on Aug 08, 2024 SmartCentres Real Estate Investment Trust announced that they will report Q2, 2024 results After-Market on Aug 08, 2024 Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Director Neil Cunningham was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 25
Executive Chairman & CEO recently bought CA$4.0m worth of stock On the 21st of June, Mitchell Goldhar bought around 183k shares on-market at roughly CA$21.69 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mitchell has been a buyer over the last 12 months, purchasing a net total of CA$12m worth in shares. Declared Dividend • Jun 23
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 8.6%, which is higher than the industry average of 6.2%. Announcement • Jun 19
SmartCentres Real Estate Investment Trust Declares Distribution for the Month of March 2024, Payable on July 15, 2024 SmartCentres Real Estate Investment Trust announced that the trustees of SmartCentres have declared a distribution for the month of June 2024 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on July 15, 2024 to unitholders of record as at June 28, 2024. Declared Dividend • May 20
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 31st May 2024 Payment date: 17th June 2024 Dividend yield will be 8.1%, which is higher than the industry average of 6.2%. Announcement • May 18
SmartCentres Real Estate Investment Trust Declares Distribution for the Month of May 2024, Payable on June 17, 2024 SmartCentres Real Estate Investment Trust announced that the trustees of SmartCentres have declared a distribution for the month of May 2024 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on June 17, 2024 to unitholders of record as at May 31, 2024. Announcement • May 16
SmartCentres Real Estate Investment Trust Elects Neil Cunningham as Trustee SmartCentres Real Estate Investment Trust at the Annual General Meeting held on May 15, 2024 elected Neil Cunningham as trustee. Reported Earnings • May 09
First quarter 2024 earnings released First quarter 2024 results: Revenue: CA$217.2m (down 3.4% from 1Q 2023). Net loss: CA$17.3m (down 119% from profit in 1Q 2023). Revenue is expected to decline by 1.4% p.a. on average during the next 2 years, while revenues in the Retail REITs industry in Canada are expected to grow by 3.6%. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 25
Upcoming dividend of CA$0.15 per share Eligible shareholders must have bought the stock before 29 April 2024. Payment date: 15 May 2024. Trailing yield: 8.3%. Within top quartile of Canadian dividend payers (6.6%). Higher than average of industry peers (6.7%). Upcoming Dividend • Apr 25
Upcoming dividend of CA$0.15 per share Eligible shareholders must have bought the stock before 29 April 2024. Payment date: 15 May 2024. Trailing yield: 8.2%. Within top quartile of Canadian dividend payers (6.5%). Higher than average of industry peers (6.6%). Declared Dividend • Apr 22
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 29th April 2024 Payment date: 15th May 2024 Dividend yield will be 8.3%, which is higher than the industry average of 6.2%. Buy Or Sell Opportunity • Apr 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to CA$22.00. The fair value is estimated to be CA$27.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 15%. Declared Dividend • Mar 21
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 7.9%, which is higher than the industry average of 6.2%. Announcement • Mar 19
SmartCentres Real Estate Investment Trust Declares Distribution for the Month of March 2024, Payable on April 15, 2024 SmartCentres Real Estate Investment Trust announced that the trustees of SmartCentres have declared a distribution for the month of March 2024 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on April 15, 2024 to unitholders of record as at March 28, 2024. Recent Insider Transactions • Mar 18
Executive Chairman & CEO recently bought CA$497k worth of stock On the 14th of March, Mitchell Goldhar bought around 22k shares on-market at roughly CA$22.92 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$1.1m. Mitchell has been a buyer over the last 12 months, purchasing a net total of CA$11m worth in shares. Announcement • Mar 12
SmartCentres Real Estate Investment Trust, Annual General Meeting, May 15, 2024 SmartCentres Real Estate Investment Trust, Annual General Meeting, May 15, 2024. Location: Toronto ON Canada Recent Insider Transactions • Mar 11
Executive Chairman & CEO recently bought CA$745k worth of stock On the 5th of March, Mitchell Goldhar bought around 32k shares on-market at roughly CA$23.22 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$1.1m. Mitchell has been a buyer over the last 12 months, purchasing a net total of CA$13m worth in shares. Recent Insider Transactions • Feb 25
Executive Chairman & CEO recently bought CA$359k worth of stock On the 21st of February, Mitchell Goldhar bought around 15k shares on-market at roughly CA$23.95 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mitchell has been a buyer over the last 12 months, purchasing a net total of CA$9.3m worth in shares. Declared Dividend • Feb 22
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 28th February 2024 Payment date: 15th March 2024 Dividend yield will be 7.7%, which is higher than the industry average of 6.2%. Announcement • Feb 17
SmartCentres Real Estate Investment Trust Declares Distribution for the Month of February 2024, Payable on March 15, 2024 SmartCentres Real Estate Investment Trust announced that the trustees of SmartCentres have declared a distribution for the month of February 2024 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on March 15, 2024 to unitholders of record as at February 29, 2024. Reported Earnings • Feb 15
Full year 2023 earnings released Full year 2023 results: Revenue: CA$834.6m (flat on FY 2022). Net income: CA$413.7m (down 20% from FY 2022). Profit margin: 50% (down from 62% in FY 2022). Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Retail REITs industry in Canada. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Jan 23
SmartCentres Real Estate Investment Trust to Report Q4, 2023 Results on Feb 14, 2024 SmartCentres Real Estate Investment Trust announced that they will report Q4, 2023 results After-Market on Feb 14, 2024