TSX:SRU.UNRetail REITs
SmartCentres REIT (TSX:SRU.UN): Assessing Valuation Following Quarterly Profit and Revenue Decline
When a company reveals quarterly earnings and the numbers come in under last year’s results, investors tend to take notice. That is exactly where we find SmartCentres Real Estate Investment Trust (TSX:SRU.UN) after its second quarter report. Revenue and net income slipped compared to the same period last year, with net income dropping from CA$104.55 million to CA$88.51 million, and quarterly revenue coming in at CA$223.72 million compared to the previous CA$228.05 million. Even though sales...