SRU-UN.TO - SmartCentres Real Estate Investment Trust

Toronto - Toronto Delayed Price. Currency in CAD
20.10
-0.68 (-3.27%)
As of 4:00PM EDT. Market open.
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close20.78
Open20.69
Bid20.08 x 0
Ask20.15 x 0
Day's Range19.95 - 20.69
52 Week Range14.58 - 34.43
Volume847,286
Avg. Volume938,521
Market Cap3.412B
Beta (5Y Monthly)1.16
PE Ratio (TTM)9.65
EPS (TTM)2.08
Earnings DateN/A
Forward Dividend & Yield1.85 (8.90%)
Ex-Dividend DateMay 28, 2020
1y Target Est28.44
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    • GlobeNewswire

      SmartCentres Declares Distribution for May 2020

      TORONTO, May 25, 2020 -- SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX:SRU.UN) announced today that the trustees of SmartCentres have declared a distribution.

    • GlobeNewswire

      SmartCentres Real Estate Investment Trust Releases First Quarter Results for 2020

      SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (SRU-UN.TO) is pleased to report its financial and operating results for the three months ended March 31, 2020. “We had a strong 1st quarter with FFO increasing by $7.7 million and ACFO by $10.7 million compared to a year ago,” said Peter Forde, President and CEO of SmartCentres.

    • GlobeNewswire

      SmartCentres 2020 First Quarter Results and Conference Call

      TORONTO, April 28, 2020 -- SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX: SRU.UN) announced today that it will issue its financial results for the three.

    • GlobeNewswire

      SmartCentres Declares Distribution for April 2020

      TORONTO, April 24, 2020 -- SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX:SRU.UN) announced today that the trustees of SmartCentres have declared a.

    • GlobeNewswire

      SmartCentres REIT provides a business update related to COVID-19

      SmartCentres Real Estate Investment Trust (“SmartCentres” or the “REIT”) (SRU-UN.TO) released an update today on the impact of COVID-19 on the REIT’s business, the measures it has put in place, accordingly, and its long-term strategy. Additional details will be provided as part of the REIT’s first quarter reporting. Additionally, the REIT announced today that it is withdrawing any previous guidance for fiscal 2020 due to the continuing economic and operating impact resulting from the COVID-19 pandemic.

    • GlobeNewswire

      SmartCentres Receives TSX Approval to Proceed with Normal Course Issuer Bid

      SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (SRU-UN.TO) announced today that the Toronto Stock Exchange (the “TSX”) has accepted the notice filed by SmartCentres to establish a normal course issuer bid (“NCIB”) program. The NCIB program commences on March 31, 2020 and will terminate on March 30, 2021, or on such earlier date as SmartCentres may complete its purchases pursuant to a Notice of Intention filed with the TSX.

    • GlobeNewswire

      SmartCentres Declares Distribution for March 2020

      TORONTO, March 25, 2020 -- SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX:SRU.UN) announced today that the trustees of SmartCentres have declared a.

    • GlobeNewswire

      SmartCentres offers government and health authorities free space to support COVID-19 efforts

      Today SmartCentres REIT (“SmartCentres”) (SRU-UN.TO), one of the largest real estate companies in Canada, announced that it is offering rent-free use of a total of up to 1-million square feet of space in 200 shopping centres across the country, as well as its land, parking lots and signage, to all Canadian governments and health care authorities, effective immediately, to assist in their COVID-19 support efforts. SmartCentres properties are strategically located at major intersections in every province across the country, easily accessible to a large percentage of the Canadian population; “We have been in contact with Leadership in all Provinces,” said Mitchell Goldhar, Executive Chairman of SmartCentres. The land and buildings offered can be used for drive-through and/or walk-in assessment centres, clinics, social assistance, overflow hospital services, information centres, and/or other facilities that may assist Canada’s medical system, and other important systems needed at this time.

    • GlobeNewswire

      SmartCentres Announces Suspension of Distribution Reinvestment Plan

      SmartCentres Real Estate Investment Trust (“SmartCentres”) (SRU-UN.TO) announced today that the trustees of SmartCentres have elected to suspend SmartCentres’ Distribution Reinvestment Plan (the “DRIP”), effective April 13, 2020. Also as a result of recent unit price levels, SmartCentres is pursuing a normal course issuer bid which will be subject to review and approval by the Toronto Stock Exchanges (“TSX”) and no such normal course issuer bid will commence without first obtaining final TSX approval. Upon reinstatement of the DRIP, plan participants enrolled in the DRIP at the time of its suspension will remain enrolled at the time of its reinstatement and will automatically resume participation in the DRIP at that time.

    • Is SmartCentres Real Estate Investment Trust's (TSE:SRU.UN) ROE Of 7.0% Concerning?
      Simply Wall St.

      Is SmartCentres Real Estate Investment Trust's (TSE:SRU.UN) ROE Of 7.0% Concerning?

      While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

    • Thomson Reuters StreetEvents

      Edited Transcript of SRU.UN.TO earnings conference call or presentation 12-Feb-20 10:30pm GMT

      Q4 2019 SmartCentres Real Estate Investment Trust Earnings Call

    • GlobeNewswire

      SmartCentres Declares Distribution for February 2020

      TORONTO, Feb. 19, 2020 -- SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX:SRU.UN) announced today that the trustees of SmartCentres have declared a distribution.

    • GlobeNewswire

      SmartCentres Real Estate Investment Trust Releases Fourth Quarter and Year End Results for 2019

      Continued steady growth of FFO and poised for substantial FFO growth in 2020Mixed Use Intensification Program Continues with Additional High Rise Residential, Retirement Homes.

    • GlobeNewswire

      SmartCentres Announces Three Additional SmartStop Self-Storage Locations

      TORONTO, Feb. 11, 2020 -- SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX:SRU.UN), one of Canada’s largest real estate investment trusts, announced today that.

    • GlobeNewswire

      SmartCentres Enters Joint Venture to Build Apartments in Mid-Town Toronto

      TORONTO, Feb. 06, 2020 -- SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX:SRU.UN), one of Canada’s largest real estate investment trusts, and Greenwin Corp..

    • GlobeNewswire

      SmartCentres and Mitchell Goldhar Announce Four Additional Retirement Residence Projects with Revera in Toronto and the Greater Toronto Area

      TORONTO, Feb. 06, 2020 -- SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX:SRU.UN), the Penguin Group of Companies (“Penguin”) owned by Mitchell Goldhar, and.

    • GlobeNewswire

      SmartCentres Declares Distribution for January 2020

      TORONTO, Jan. 17, 2020 -- SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX:SRU.UN) announced today that the trustees of SmartCentres have declared a distribution.

    • GlobeNewswire

      SmartCentres 2019 Fourth Quarter and Year-End Results and Conference Call

      TORONTO, Jan. 07, 2020 -- SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX: SRU.UN) announced today that it will issue its financial results for the three months.

    • GlobeNewswire

      SmartCentres Real Estate Investment Trust Closes $450 Million Series U Senior Unsecured Debenture Issue

      SmartCentres Real Estate Investment Trust (“SmartCentres”) (SRU-UN.TO) announced today that it has closed its previously announced private placement of $450 million aggregate principal amount of Series U senior unsecured debentures. The Series U debentures carry a coupon of 3.526% and will mature on December 20, 2029. The debentures were offered by a syndicate of agents with Scotia Capital as the lead left bookrunner, RBC Capital Markets, BMO Capital Markets, CIBC Capital Markets, National Bank Financial and TD Securities as joint bookrunners and co-leads, and Desjardins Securities, HSBC Securities (Canada), Canaccord Genuity, Raymond James, Casgrain, iA Securities, and Stifel Nicolaus Canada as co-managers.

    • GlobeNewswire

      SmartCentres and Mitchell Goldhar Announce a Joint Venture for a New Relocated Walmart and Land for Residential Uses in the Vaughan Metropolitan Centre (VMC)

      SmartCentres Real Estate Investment Trust (“SmartCentres” or the “REIT”) (SRU-UN.TO), one of Canada's largest real estate investment trusts, and the Penguin Group of Companies (“Penguin”), owned by Mitchell Goldhar, announced today that the two parties have entered into a joint venture with respect to a 15.48 acre site (“the JV Site”) immediately abutting the VMC lands and proximate to the SmartVMC lands already jointly owned by SmartCentres and Penguin, and the termination of an existing Walmart lease paving the way for strategic development on VMC lands. 10.76 acres of the JV site will be used for the development of the latest new Walmart prototype store (“New Walmart Store”). This New Walmart Store is a relocation of the existing Walmart store (“Old Walmart Store”) currently situated on 15.7 acres of land in the centre of SmartVMC owned in a 50/50 partnership between SmartCentres and Penguin.

    • GlobeNewswire

      SmartCentres Real Estate Investment Trust Announces $450 Million Series U Senior Unsecured Debenture Issue

      SmartCentres Real Estate Investment Trust (“SmartCentres”) (SRU-UN.TO) announced today that it has agreed to issue $450 million aggregate principal amount of Series U senior unsecured debentures on an agency basis. The Series U debentures will carry a coupon of 3.526% and will mature on December 20, 2029. The debentures are being offered by a syndicate of agents with Scotia Capital as the lead left bookrunner, RBC Capital Markets, BMO Capital Markets, CIBC Capital Markets, National Bank Financial and TD Securities as joint bookrunners and co-leads, and Desjardins Securities, HSBC Securities (Canada), Canaccord Genuity, Raymond James, Casgrain, iA Securities, and Stifel Nicolaus Canada as co-managers.

    • GlobeNewswire

      SmartCentres Declares Distribution for December 2019

      TORONTO, Dec. 18, 2019 -- SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX:SRU.UN) announced today that the trustees of SmartCentres have declared a distribution.

    • GlobeNewswire

      Value of SmartCentres Unencumbered Assets to Approximate $5.5 Billion as it Announces Repayment of Secured Debt

      SmartCentres Real Estate Investment Trust (“SmartCentres”) (SRU-UN.TO) announced today that it has recently completed the repayment of approximately $213 million aggregate principal amount of secured mortgage debt (the “Secured Loans”) which was secured by 13 retail properties having an aggregate estimated fair value of approximately $720 million. “As we continue to focus our efforts to grow our pipeline of mixed-use development opportunities, this refinancing initiative will further strengthen our balance sheet and substantively increase our pool of high quality unencumbered assets,” said Peter Forde, President and Chief Executive Officer of SmartCentres. The Secured Loans matured between 2019 and 2025 and had a weighted average interest rate of 4.60%.

    • Thomson Reuters StreetEvents

      Edited Transcript of SRU.UN.TO earnings conference call or presentation 13-Nov-19 10:30pm GMT

      Q3 2019 SmartCentres Real Estate Investment Trust Earnings Call

    • GlobeNewswire

      SmartCentres Declares Distribution for November 2019

      TORONTO, Nov. 19, 2019 -- SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX:SRU.UN) announced today that the trustees of SmartCentres have declared a distribution.