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SmartCentres Real Estate Investment Trust

SmartCentres Real Estate Investment Trust

SRU-UN · TO · Real Estate / REIT - Retail

28.03CAD+0.34 (+1.23%)

Price History

Full chart

Market Stats

Previous Close27.69
Open27.75
Day Range27.75 – 28.29
52-Week Range23.66 – 30.30
Volume579.45K
Market Cap5.17B
P/E (TTM)28.61
Forward P/E13.57
EPS0.92
Dividend Yield7.03%
Beta0.83
50-Day Avg27.72
200-Day Avg27.99

About

SmartCentres Real Estate Investment Trust is one of Canada's largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 201 strategically located properties in communities across the country. SmartCentres has approximately 12.1 billion dollar in assets consisting of income producing value-oriented retail, purpose-built rental, first-class office and self-storage properties. SmartCentres owns 35.5 million square feet of leasable space with 98.1 percent in place and committed occupancy, on 3,500 acres of owned land across Canada. SmartCentres Real Estate Investment Trust was established in 2001 and was incorporated in Canada.

Company Details

  • SectorReal Estate
  • IndustryREIT - Retail
  • CEOMr. Mitchell Goldhar
  • Employees0
  • Headquarters3200 Highway 7, Vaughan, ON, Canada, L4K 5Z5, Canada
  • Websitehttps://www.smartcentres.com

Leadership

  • Mr. Mitchell GoldharExecutive Chairman & CEO · b. 1962
  • Mr. Peter L. Slan CAChief Financial Officer
  • Mr. Dan MarkouExecutive VP and Chief People & Culture Officer
  • Mr. Rudy GobinChief Portfolio & Asset Management Officer · b. 1962
  • Ms. Paula BustardExecutive Vice President of Development · b. 1979
  • Mr. Hammad RawraVice President of Corporate Finance & Investor Relations
  • Ms. Shea Nerland CalnanLegal Counsel
  • Mr. Allan ScullyExecutive Vice President of Development · b. 1967
  • Ms. Julia MokDirector of Operations Accounting
  • Mr. Tom BazinetSenior Director of Property Management

Financials

Income Statement

Currency: CAD1998-12-311999-12-312000-12-312001-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue450.53K765.51K1.29M1.23M22.74M87.95M201.15M310.65M385.93M434.77M461.59M494.42M511.92M546.04M571.18M607.82M668.65M725.27M734.03M790.18M806.41M781.25M780.76M804.60M929.40M918.36M927.28M
Growth (%)-+69.91%+67.95%-4.07%+1744.01%+286.69%+128.71%+54.44%+24.23%+12.66%+6.17%+7.11%+3.54%+6.67%+4.60%+6.41%+10.01%+8.47%+1.21%+7.65%+2.05%-3.12%-0.06%+3.05%+15.51%-1.19%+0.97%
Cost of Revenue-168.70K326.60K391.24K8.86M27.07M61.41M96.11M120.88M140.27M152.70M163.08M172.99M177.71M187.88M202.42M220.66M238.17M248.05M278.25M286.52M306.59M279.52M283.44M321.02M370.85M350.87M
Gross Profit450.53K596.81K959.08K842.15K13.88M60.88M139.74M214.54M265.05M294.50M308.90M331.34M338.93M368.33M383.30M405.40M447.99M487.10M485.98M511.93M519.89M474.66M501.24M521.16M608.38M547.51M563.04M
Gross Margin100.00%77.96%74.60%68.28%61.04%69.22%69.47%69.06%68.68%67.74%66.92%67.02%66.21%67.46%67.11%66.70%67.00%67.16%66.21%64.79%64.47%60.76%64.20%64.77%65.46%59.62%60.72%
Operating Expense296.69K277.46K380.29K730.70K6.28M25.51M71.62M89.14M130.88M131.75M145.24M137.85M-152.59M5.83M9.91M9.37M18.39M12.03M29.79M19.28M18.95M-31.31M-173.14M32.74M30.81M37.67M32.66M
Operating Income153.85K319.35K578.78K111.46K7.61M35.37M68.12M125.40M134.17M162.75M163.66M193.49M491.51M362.51M373.39M396.03M429.61M475.07M456.19M492.65M500.94M505.97M674.38M488.42M577.57M509.84M530.38M
Operating Margin34.15%41.72%45.02%9.04%33.45%40.21%33.86%40.37%34.77%37.43%35.45%39.13%96.01%66.39%65.37%65.16%64.25%65.50%62.15%62.35%62.12%64.76%86.37%60.70%62.14%55.52%57.20%
EBITDA251.06K444.52K780.16K317.76K8.78M58.96M135.59M223.37M260.37M285.91M302.19M322.42M491.65M363.00M373.86M396.47M430.96M477.09M464.35M501.12M508.96M520.44M686.84M498.73M681.02M478.63M486.19M
EBITDA Margin55.72%58.07%60.68%25.76%38.60%67.04%67.41%71.91%67.47%65.76%65.47%65.21%96.04%66.48%65.45%65.23%64.45%65.78%63.26%63.42%63.11%66.62%87.97%61.99%73.28%52.12%52.43%
Net Income51.63K83.25K91.39K292.98K8.96M13.41M26.75M20.77M30.50M89.65M23.29M11.64M176.88M898.38M272.78M226.54M269.17M322.23M296.83M334.53M152.18M-143.46M475.28M811.11M413.70M236.75M251.81M
Net Income Margin11.46%10.88%7.11%23.75%39.40%15.25%13.30%6.69%7.90%20.62%5.04%2.36%34.55%164.53%47.76%37.27%40.26%44.43%40.44%42.34%18.87%-18.36%60.87%100.81%44.51%25.78%27.16%
R&D-----------------0.50.470.490.450.040.980.770.51--
R&D as % of Total Revenue-----------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense84.00K197.06K466.65K000014.41M0124.33M140.07M149.53M142.73M142.13M137.62M149.69M142.45M147.19M134.15M140.16M155.23M156.77M141.24M147.52M160.28M179.20M167.87M
Interest Expense % of Total Revenue18.65%25.74%36.30%0.00%0.00%0.00%0.00%4.64%0.00%28.60%30.35%30.24%27.88%26.03%24.09%24.63%21.30%20.29%18.28%17.74%19.25%20.07%18.09%18.33%17.25%19.51%18.10%

Balance Sheet

Currency: CAD1998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets2.84M6.68M7.63M6.03M108.72M228.91M1.01B2.56B3.58B3.89B4.19B4.24B4.37B5.96B6.48B7.07B7.11B8.51B8.74B9.38B9.46B9.93B10.72B11.29B11.70B11.91B11.94B12.14B
Total Liabilities2.06M5.81M6.66M4.66M57.43M122.87M623.11M1.51B2.09B2.46B2.76B2.86B2.82B3.40B2.84B3.27B3.20B4.02B4.07B4.55B4.45B4.56B5.56B5.45B5.54B5.55B5.60B5.79B
Total Equity780.10K868.06K973.11K1.36M51.29M106.05M391.51M1.06B1.49B1.43B1.44B1.37B1.55B2.16B3.09B3.22B3.30B3.69B3.85B3.99B4.15B4.49B4.32B4.88B5.13B5.27B5.24B5.23B
Cash164.63K3.65K161.57K86.17K309.80K470.44K7.62M89.67M219.81M22.05M24.39M27.49M8.79M21.01M16.96M100.22M20.25M21.34M23.09M162.70M29.44M55.37M794.59M62.23M35.26M34.74M37.69M51.55M
Total Debt1.99M5.60M6.36M4.33M56.24M117.55M600.52M1.45B1.96B2.30B2.62B2.73B2.67B2.70B2.65B3.07B3.00B3.80B3.84B4.23B4.11B4.23B5.21B4.85B4.98B5.00B5.05B5.21B
Net Debt1.82M5.60M6.20M4.24M55.93M117.08M592.90M1.36B1.74B2.28B2.60B2.70B2.66B2.68B2.63B2.97B2.98B3.78B3.81B4.07B4.08B4.17B4.42B4.79B4.95B4.96B5.01B5.16B

Cash Flow

Currency: CAD1998-12-311999-12-312000-12-312001-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow191.49K182.04K404.12K-79.76K9.82M35.14M70.84M92.44M160.87M144.07M142.78M139.98M199.51M213.54M235.82M224.27M296.25M316.34M353.08M351.25M345.61M295.98M371.62M370.76M330.85M374.21M377.44M
Investing Cash Flow-2.67M-3.96M-1.04M1.86M-15.30M-694.38M-787.89M-554.56M-534.59M-283.35M-161.67M-274.29M-294.49M-123.95M-369.70M-97.66M-508.28M-90.61M-80.87M-135.06M-448.52M-157.38M-413.17M-121.39M1.52M-155.53M-186.20M
Financing Cash Flow2.40M3.62M758.82K-1.82M5.64M666.40M799.10M592.25M175.97M141.62M21.98M115.61M107.21M-93.64M217.14M-206.58M213.12M-223.97M-132.60M-349.45M128.84M600.62M-690.81M-276.35M-332.89M-215.73M-177.38M
Capital Expenditure2.67M01.04M22.10K16.25M655.80M836.70M518.95M58.08M400.04M164.71M192.69M315.63M459.00K54.00K28.00K199.00K252.00K399.00K844.00K1.28M132.96M349.00K1.59M1.91M547.00K1.96M
Free Cash Flow-2.48M182.04K-635.90K-101.86K-6.43M-620.67M-765.86M-426.51M102.80M-255.97M-21.93M-52.71M-116.12M213.08M235.77M224.24M296.05M316.08M352.68M350.41M344.33M428.94M371.27M369.17M328.95M373.66M375.48M
Dividends Paid----8.16M-61.29M104.20M120.81M126.38M137.69M152.71M163.39M146.56M151.61M153.25M161.78M169.69M174.60M179.71M189.58M259.91M267.55M267.56M267.56M267.63M267.68M
FCF to OCF-1296.85%100.00%-157.35%127.71%-65.42%-1766.47%-1081.13%-461.39%63.90%-177.67%-15.36%-37.66%-58.21%99.79%99.98%99.99%99.93%99.92%99.89%99.76%99.63%144.92%99.91%99.57%99.42%99.85%99.48%
Dividend Paid to FCF-----126.94%--8.00%-24.43%117.52%-49.37%-627.98%-289.69%-140.71%68.78%64.30%68.34%54.65%53.69%49.51%51.28%55.06%60.59%72.06%72.48%81.34%71.62%71.29%

Earnings

Report DateMar 31, 2003Jun 30, 2003Dec 3, 2003Mar 3, 2004May 12, 2004Aug 13, 2004Nov 12, 2004Mar 2, 2005May 13, 2005Aug 10, 2005Nov 9, 2005Mar 10, 2006May 10, 2006Aug 11, 2006Nov 10, 2006Mar 1, 2007May 10, 2007Aug 8, 2007Nov 7, 2007Feb 29, 2008May 8, 2008Aug 8, 2008Nov 7, 2008Feb 26, 2009May 6, 2009Aug 6, 2009Nov 5, 2009Feb 24, 2010May 5, 2010Aug 4, 2010Nov 3, 2010Feb 24, 2011May 18, 2011Aug 4, 2011Nov 2, 2011Feb 23, 2012May 9, 2012Aug 9, 2012Nov 7, 2012Feb 13, 2013May 8, 2013Aug 9, 2013Nov 19, 2013Feb 12, 2014May 7, 2014Aug 7, 2014Nov 5, 2014Feb 11, 2015May 6, 2015Aug 6, 2015Nov 4, 2015Feb 10, 2016May 11, 2016Aug 4, 2016Nov 2, 2016Feb 15, 2017May 10, 2017Aug 9, 2017Nov 8, 2017Feb 14, 2018May 9, 2018Aug 9, 2018Nov 7, 2018Feb 13, 2019May 8, 2019Aug 8, 2019Nov 13, 2019Feb 12, 2020May 6, 2020Aug 6, 2020Nov 11, 2020Feb 10, 2021May 12, 2021Aug 11, 2021Nov 9, 2021Feb 15, 2022May 10, 2022Aug 10, 2022Nov 10, 2022Feb 8, 2023May 10, 2023Aug 9, 2023Nov 8, 2023Feb 14, 2024May 8, 2024Aug 8, 2024Nov 13, 2024Feb 12, 2025May 7, 2025Aug 7, 2025Nov 12, 2025Feb 11, 2026May 6, 2026Aug 6, 2026Nov 11, 2026
EPS Estimate----0.310.330.35-0.320.370.380.40-0.400.400.41--------0.140.120.080.050.080.100.100.080.120.390.460.390.410.830.811.281.38-0.690.420.340.410.380.370.45----------------------------------------------
EPS Actual0.260.480.310.270.320.340.330.040.350.370.360.380.100.360.380.900.090.090.080.070.340.270.180.170.020.070.070.080.070.110.100.130.260.540.76-0.080.160.520.123.240.280.700.460.390.370.380.470.590.370.470.500.500.530.410.300.820.320.660.370.530.520.530.490.500.400.470.470.510.31-0.650.540.230.290.470.863.131.670.730.020.450.510.760.970.06-0.100.580.190.64-0.040.490.360.580.58-0.67-
Surprise----3.23%3.03%-5.71%-9.38%0.00%-5.26%-5.00%--10.00%-5.00%119.51%---------85.71%-41.67%-12.50%60.00%-12.50%10.00%0.00%62.50%116.67%38.46%65.22%-120.51%-60.98%-37.35%-85.19%153.13%-79.71%--33.33%-7.14%8.82%-7.32%23.68%59.46%-17.78%----------------------------------------------
Timing----After-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-After-hours-After-hoursAfter-hoursAfter-hours------------After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-Pre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap5.17B
Enterprise Value9.77B
Trailing P/E28.61
Forward P/E13.57
PEG Ratio2.49
Price / Sales5.41
Price / Book0.90
EPS0.92
Book Value35.10
Revenue (TTM)955.78M
Gross Profit (TTM)599.65M
EBITDA563.89M
Profit Margin16.44%
Operating Margin59.23%
Return on Equity3.11%
Return on Assets2.89%
Shares Outstanding144.71M
Shares Float128.56M
Beta0.83
Dividend Yield7.03%
Dividend Rate1.85
Payout Ratio72.67%

Dividends

202610×
0.15Oct 30, 20260.15Sep 29, 20260.15Aug 31, 20260.15Jul 31, 20260.15Jun 30, 20260.15May 29, 20260.15Apr 30, 20260.15Mar 31, 20260.15Feb 27, 20260.15Jan 30, 2026
202512×
0.15Dec 31, 20250.15Nov 28, 20250.15Oct 31, 20250.15Sep 29, 20250.15Aug 29, 20250.15Jul 31, 20250.15Jun 30, 20250.15May 30, 20250.15Apr 30, 20250.15Mar 31, 20250.15Feb 28, 20250.15Jan 31, 2025
20242×
0.15Dec 31, 20240.15Nov 29, 2024

Stock Splits

  • Feb 18, 20021:2