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- Smartcenters has a diversified portfolio of clients that are pretty recession proof and immune to standard retail challenges
- Occupancy rate is higher than industry standards while also being able to charge more due to their quality locations
- Top-tier management that is financially conservative allows them to keep their incredibly high dividend in times of economic downturn while competitors were forced to lower dividends
- The company's financial position is solid and the giant dividend they are paying is still maintained by cash flows
- Expanding into mixed use facilities and self-storage will create a more diversified and secured revenue base
- Decrease in interest rates will lower costs and improve margins giving the company a better cash position to decrease debt or encourage growth
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Disclaimer
The user InvestorVit has a position in TSX:SRU.UN. Simply Wall St has no position in any of the companies mentioned. The author of this narrative is not affiliated with, nor authorised by Simply Wall St as a sub-authorised representative. This narrative is general in nature and explores scenarios and estimates created by the author. The narrative does not reflect the opinions of Simply Wall St, and the views expressed are the opinion of the author alone, acting on their own behalf. These scenarios are not indicative of the company's future performance and are exploratory in the ideas they cover. The fair value estimates are estimations only, and does not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that the author's analysis may not factor in the latest price-sensitive company announcements or qualitative material.
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