SmartCentres Real Estate Investment Trust
SmartCentres Real Estate Investment Trust
Your view on SRU-UN.TO
Overview
What the company does, where it operates, and who runs it.
About SmartCentres Real Estate Investment Trust
- Industry
- REIT - Retail
- Sector
- Real Estate
- CEO
- Not available
- Headquarters
- 3200 Highway 7, Vaughan, ON, CA
- Industry
- REIT - Retail
- Sector
- Real Estate
- CEO
- Not available
- Headquarters
- 3200 Highway 7, Vaughan, ON, CA
SmartCentres Real Estate Investment Trust (SRU-UN.TO) holds a prominent position as a fully integrated real estate investment trust in Canada. Its distinguished portfolio encompasses 166 strategically located properties throughout the country. The Trust oversees approximately $10.4 billion in total assets, including 33.
8 million square feet of revenue-generating, value-focused retail space that maintains an impressive 97.4% occupancy rate across its 3,500 acres of landholdings nationwide. SmartCentres is dedicated to enriching Canadian lifestyles by designing and executing comprehensive, interconnected, mixed-use communities on its existing retail sites.
A substantial intensification initiative has been publicly announced, valued at $11.9 billion, with SmartCentres' share being $5.4 billion. This ambitious undertaking, anticipated to begin construction within the next five years, constitutes the REIT's primary development objective.
Its aim is to fundamentally transform Canadian urban and suburban environments, evolving traditional shopping centers into vibrant, integrated city hubs.
Under this expansive program, SmartCentres plans to develop a variety of property types: residential units such as rental apartments, condominiums, and seniors' residences, along with hotels, all marketed under the SmartLiving brand. Concurrently, new retail, office, and storage facilities will be developed under the SmartCentres banner.
This expansion is forecasted to generate an additional 59.3 million square feet of space (of which SmartCentres' share is 27.9 million square feet). Notably, 27.1 million square feet (representing 12.3 million square feet attributable to SmartCentres) is either already under construction or scheduled to commence within the upcoming five years.
A significant element of this development strategy is the Trust's involvement in SmartVMC, a substantial mixed-use development in Vaughan, Ontario, which is projected to comprise roughly 11.0 million square feet upon its completion.
Within SmartVMC, the construction of the initial five sold-out phases of the Transit City Condominiums, totaling 2,789 residential units, is advancing steadily. The final closings for the first two phases, encompassing 1,110 units, commenced in August 2020, exceeding expectations by being ahead of both budget and schedule.
By September 30, 2020, 766 of these units had been closed, with the remaining units expected to be finalized by the close of that year. Furthermore, the presold 631 units in the third phase, along with 22 townhomes—all of which are sold out and currently under construction—are slated for closing in 2021.
The fourth and fifth phases, also fully sold out and together amounting to 1,026 units, are presently under construction and are projected to close in 2023.
Media
Infographics, videos, and posts covering the company.
Stock Data
Price chart, volume, and trading data.
Fair Value
What FRC thinks it is worth vs. the current price.
FRC's fair value estimate for SmartCentres Real Estate Investment Trust, and the rating behind it. SRU-UN.TO last traded at C$26.50, 28.6× trailing earnings — the estimate is read against that market price. FRC analysts run the firm's valuation model across the companies on this platform to estimate what each one is worth, rather than republishing a consensus average. Shows the current estimate, our rating, and when it was last revised. A free account covers 7 company valuations a month; a paid subscription is unlimited.
Financial Ratios
Profitability, returns, valuation, and leverage ratios.
Valuation, profitability, liquidity and leverage ratios for SmartCentres Real Estate Investment Trust. Starting points for SmartCentres Real Estate Investment Trust: P/E 28.6, EPS C$0.88, beta 0.83 — an REIT - Retail name. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.
Dividend Analysis
Yield, payout ratio, and dividend coverage metrics.
Dividend history, yield and payout sustainability for SmartCentres Real Estate Investment Trust. SmartCentres Real Estate Investment Trust paid C$1.85 per share over the last year — a 7.0% yield at the current C$26.50 price. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.
Earnings Analysis
EPS history, beat rate, and upcoming earnings reports.
Reported vs. expected earnings history for SmartCentres Real Estate Investment Trust. Trailing twelve-month EPS for SmartCentres Real Estate Investment Trust stands at C$0.88. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.
Financial Statements
Income statement, balance sheet, and cash flow statements.
Income statement, balance sheet and cash flow history for SmartCentres Real Estate Investment Trust. SmartCentres Real Estate Investment Trust has reported as a listed company since 2003. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.
Comparables
List of peer companies in the same industry.
SmartCentres Real Estate Investment Trust valued side by side against its closest peers. SmartCentres Real Estate Investment Trust is measured against REIT - Retail peers within the Real Estate sector. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.
Institutional Ownership
PremiumWhich funds and firms own the stock.
Which institutions hold SmartCentres Real Estate Investment Trust, and how their positions are changing. At a C$3.83B market value, institutional positions materially move SmartCentres Real Estate Investment Trust's register. Top holders, position sizes, and quarter-over-quarter accumulation or distribution from regulatory filings. Included with FRC Premium.
Insider Trading
PremiumRecent buying and selling by company executives.
Buying and selling by SmartCentres Real Estate Investment Trust executives and directors. Shares of SmartCentres Real Estate Investment Trust have traded between C$25.01 and C$30.90 over the past 52 weeks — context for the timing of the transactions below. Insider transactions as disclosed to regulators, with role, size and date — the clearest read on how the people running the company are positioned. Included with FRC Premium.
Senate Trading
PremiumU.S. Senator disclosures filed under the STOCK Act.
U.S. Senate disclosures naming SmartCentres Real Estate Investment Trust. SmartCentres Real Estate Investment Trust is a C$3.83B Real Estate company. Senators' reported transactions in this security, alongside the fundamentals — a signal most research platforms leave out entirely. Included with FRC Premium.
House Trading
PremiumU.S. Representative disclosures filed under the STOCK Act.
U.S. House of Representatives disclosures naming SmartCentres Real Estate Investment Trust. Representatives' reported transactions in this security, shown next to the company's fundamentals. Included with FRC Premium.
News
Latest headlines and market coverage.
Latest headlines and company announcements for SmartCentres Real Estate Investment Trust. Coverage tracks SmartCentres Real Estate Investment Trust within REIT - Retail (Real Estate). Press releases and market coverage, newest first.
Comments
Comments and replies from FRC members about this company.