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- TSX:SRU.UN
SmartCentres Real Estate Investment Trust Reports Full Year 2022 Earnings
SmartCentres Real Estate Investment Trust (TSE:SRU.UN) Full Year 2022 Results
Key Financial Results
- Revenue: CA$804.6m (down 20% from FY 2021).
- Net income: CA$516.0m (down 38% from FY 2021).
- Profit margin: 64% (down from 82% in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SmartCentres Real Estate Investment Trust Earnings Insights
Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the REITs industry in Canada.
Performance of the Canadian REITs industry.
The company's shares are down 2.2% from a week ago.
Risk Analysis
Be aware that SmartCentres Real Estate Investment Trust is showing 2 warning signs in our investment analysis and 1 of those is potentially serious...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSX:SRU.UN
SmartCentres Real Estate Investment Trust
SmartCentres is one of Canada's largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 191 strategically located properties in communities across the country.
6 star dividend payer and fair value.
