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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