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SmartCentres Real Estate Investment Trust (SRU-UN.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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27.50+0.01 (+0.04%)
At close: 04:00PM EDT
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  • N
    Noah
    kinda hoping the BEARS are right and this is just a small climb before more down
    I want to buy more of this
  • S
    Sean C
    7% dividend
    Bullish
  • N
    Noah
    i am in at 27.20 CDN...i sold half my Suncor and started a position here in my RRSP for income and well
    its a great company and now stock is super cheap
    time to buy
    good luck all
  • S
    Scrooge McDuck
    Bought today @28.95. This has been somewhat richly priced for a year, so this is likely a good enough entry and with a 6.3% yield we are protected from the expected rate path.
  • D
    Derrick
    Turn around near. Peak inflation now and big recoveries in value stocks coming 2nd half imo..
  • T
    Taxman is due
    Wishing and hoping will not save this REIT . New development with residential is partnered and the cost keep going up, now the interest rate pressure with properties mortgaged to to the hilt will will force the company to consider selling underperformed assets.
  • T
    Taxman is due
    RioCan (TSX:REI.UN) is one of the largest REITs in Canada. In total, the company boasts a massive portfolio of over 200 properties focused on Canada’s major metro areas. RioCan also has projects in the development pipeline consisting of over 42 million square feet.

    Most of RioCan’s developments are retail-focused, but that allocation shifting towards mixed-use residential properties. That shift is where a massive long-term opportunity is emerging that caters to the affordability and supply problem outlined above.

    RioCan’s mixed-use properties are located in high-demand major metro areas that are built along transit corridors. The residential units are situated atop several floors of retail, making them appealing to commuters and shoppers alike. More importantly, the surging demand for those units translates into a solid revenue stream for RioCan and, by extension, a juicy dividend.

    That dividend, which is paid out on a monthly cadence like a landlord’s rent, currently works out to a yield of 4.52%. Putting those potential earnings into context, a $60,000 investment (which is still far less than the recommended down payment), will earn an income of $226 each month.

    Prospective investors (and would-be landlords) should keep two important factors in mind.

    First, when compared to a rental property, the risk is far smaller. There’s no upfront down payment, mortgage, or property taxes to be worried about. You also don’t need to worry about finding and keeping tenants. Again, forget surging interest rates!

    Second, let’s not forget about reinvestments. If you don’t need to draw on that income yet, don’t! Instead, opting to reinvest that income until the point you need it will ensure that your prospective income is far greater.

    In other words, you can forget about surging interest rates and just sit back and generate a healthy (growing) income stream.
  • B
    Bin
    PE is 3
    Bullish
  • D
    Derrick
    I think their new retirement homes they are building will be one of their strong growth drivers in the years ahead. Lots of growth coming here and desent yield.
  • J
    Jason
    Entry at $21.75
  • T
    TWF inc
    I love how out of 28 million square feet these guys own they rent Walmart 14 million square feet and Walmart pays 25% of the total funds from operation lol... Yeah that's right Walmart has over half the total square footage and pays 1/4 of the rent income... good lord
  • P
    Patrick
    waiting for 6.9% yield
  • m
    mmb
    REITs continue to get hurt.. Probably interest rate costs going to hurt earnings
  • M
    Matthew
    Will they raise their dividends?
    Bullish
  • K
    Kenneth
    Love this REIT... still bothered we haven't gotten a dividend increase... but at this point who cares! 6% yield baby!
  • R
    Rick
    Hi risk now. Huge air pocket below now in play. Certainly not a time for buyers.
    Bearish
  • M
    Matthew
    Growth?
    Neutral
  • T
    Taxman is due
    Time to sell
    Bearish
  • K
    Kenneth
    SRU.UN is here for the Long Term,
    it has great businesses tenants (Walmart, Canadian Banks, Drug stores, etc..) and survived the pandemic with keeping its dividends intact. It's 100% better then its main comparison Ticker: RIO | RioCan
    (which lied to investors and had to cut its dividend by HALF),
    and other Canadian REITS (I'd argue GRT.UN is still better then SRU though).

    1 thing people need to understand is that this company/REIT won't make you tons of cash in a few months, it will slowly grow and expand from there, likely, raising its dividends with it. For now this is literally the definition of an "Income Stock". Enjoy the dividends but that's it till news or something develops.

    Why do I say this?

    SRU.UN is currently building Apartments, Senior living, and expanding aggressively into residential thanks to the extra space it has around its shopping centers (meaning they literally don't have to pay for the land as they already own it). This will help it easily skyrocket and continue to pay a growing dividend to investors as people are still moving to Ontario and other major Canadian cities. Once the construction is complete we should expect minor growth to dividends and the stock price.

    Position in SRU.UN:
    50 Shares - Avg. $28.80
  • m
    mustafa
    Guys a lot of confusion around payout ratio... the way to see if dividend in a REIT is safe is different from typical stocks due to the nature of the vehicle... you need to look at FFO ratio which considers operating income and dividend ... currently the company pays 72 cents for every dollar in operating income as dividend and the remaining 28 cents is for growth ... so yes your dividends are safe and the company h e been increasing the dividends for last 6 years and did not cut the dividends during pandemic... also, it’s tenants are considered essential businesses . With new rollout of vaccine that’s a keeper!!!
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