← Home
🚀 Sign up Free for Public Company Valuation & Insights!
Sign up for free to get access to the best public company valuation and insights. Get started today and unlock the potential of your investments!
Sign up free Video Highlights
SmartCentres Real Estate Investment Trust
-9.06%
Real estate / REIT Power centres
At a Glance | Core Facts | Company Due Diligence: | Industry Due Diligence: | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebOverview
SmartCentres Real Estate Investment Trust is a Canadian real estate investment trust that owns and operates a portfolio of retail properties across Canada. The trust was founded in 2003 and is headquartered in Vaughan, Ontario.
The company's portfolio consists of over 160 properties, including shopping centers, strip malls, and mixed-use developments. These properties are primarily anchored by large retailers such as Walmart, Canadian Tire, and Loblaws.
SmartCentres REIT's strategy is focused on developing and owning properties in densely populated areas with good transportation access and strong demographics. The company also places a strong emphasis on sustainability, with many of its properties incorporating green building practices and technologies.
In addition to its retail properties, SmartCentres REIT also has a small portfolio of industrial and residential properties. The trust has a strong track record of financial performance, with steady growth in funds from operations (FFO) and a consistent distribution to its unitholders.
SmartCentres REIT is listed on the Toronto Stock Exchange under the symbol SRU.UN and is also included in the S&P/TSX Composite Index. The trust is led by a team of experienced executives and governed by a board of trustees with a diverse range of expertise.
The company's portfolio consists of over 160 properties, including shopping centers, strip malls, and mixed-use developments. These properties are primarily anchored by large retailers such as Walmart, Canadian Tire, and Loblaws.
SmartCentres REIT's strategy is focused on developing and owning properties in densely populated areas with good transportation access and strong demographics. The company also places a strong emphasis on sustainability, with many of its properties incorporating green building practices and technologies.
In addition to its retail properties, SmartCentres REIT also has a small portfolio of industrial and residential properties. The trust has a strong track record of financial performance, with steady growth in funds from operations (FFO) and a consistent distribution to its unitholders.
SmartCentres REIT is listed on the Toronto Stock Exchange under the symbol SRU.UN and is also included in the S&P/TSX Composite Index. The trust is led by a team of experienced executives and governed by a board of trustees with a diverse range of expertise.
What is special about the company?
1. Largest landlord of Walmart stores: SmartCentres is the largest landlord and developer of Walmart stores in Canada, with over 80 locations. This strong partnership with a major retailer gives the company stability and a competitive advantage.
2. Diversified portfolio: SmartCentres has a diversified portfolio of mixed-use, residential, and commercial properties. This helps the company mitigate risk and reduce dependence on a single sector or tenant.
3. Strong development pipeline: The company has a strong development pipeline with over 66 million square feet of mixed-use and residential projects in various stages of planning and development. This provides a potential for future growth and value creation.
4. Strong financial performance: SmartCentres has consistently delivered strong financial performance, with stable occupancy rates, increasing rental income, and continuous growth in funds from operations (FFO).
5. Strategic partnerships: The company has strategic partnerships with leading retailers, developers, and brokers, which gives them access to prime locations and allows them to capture value through joint ventures and co-investments.
6. Sustainability focus: SmartCentres has a strong commitment to sustainability and has implemented various initiatives to reduce energy consumption, increase waste diversion, and promote the health and well-being of their communities.
7. Experienced management team: The company is led by an experienced and knowledgeable management team with a proven track record of driving growth and creating value for shareholders.
8. Stable and reliable dividends: SmartCentres offers stable and reliable dividends, making it an attractive investment for income-seeking investors.
9. Strong credit ratings: The company has a strong credit rating, with an investment-grade rating of BBB+ from DBRS Limited and BBB from Standard & Poor's. This reflects the company's financial strength and stability.
10. Visionary approach: SmartCentres has a visionary approach to real estate, with a focus on creating vibrant and sustainable communities that combine residential, commercial, and retail spaces. This sets them apart from traditional real estate investment trusts.
2. Diversified portfolio: SmartCentres has a diversified portfolio of mixed-use, residential, and commercial properties. This helps the company mitigate risk and reduce dependence on a single sector or tenant.
3. Strong development pipeline: The company has a strong development pipeline with over 66 million square feet of mixed-use and residential projects in various stages of planning and development. This provides a potential for future growth and value creation.
4. Strong financial performance: SmartCentres has consistently delivered strong financial performance, with stable occupancy rates, increasing rental income, and continuous growth in funds from operations (FFO).
5. Strategic partnerships: The company has strategic partnerships with leading retailers, developers, and brokers, which gives them access to prime locations and allows them to capture value through joint ventures and co-investments.
6. Sustainability focus: SmartCentres has a strong commitment to sustainability and has implemented various initiatives to reduce energy consumption, increase waste diversion, and promote the health and well-being of their communities.
7. Experienced management team: The company is led by an experienced and knowledgeable management team with a proven track record of driving growth and creating value for shareholders.
8. Stable and reliable dividends: SmartCentres offers stable and reliable dividends, making it an attractive investment for income-seeking investors.
9. Strong credit ratings: The company has a strong credit rating, with an investment-grade rating of BBB+ from DBRS Limited and BBB from Standard & Poor's. This reflects the company's financial strength and stability.
10. Visionary approach: SmartCentres has a visionary approach to real estate, with a focus on creating vibrant and sustainable communities that combine residential, commercial, and retail spaces. This sets them apart from traditional real estate investment trusts.
What the company's business model?
SmartCentres Real Estate Investment Trust is a real estate investment trust (REIT) that owns and operates a portfolio of shopping centers in Canada. Their business model primarily focuses on acquiring and developing retail properties, including open-air shopping centers, power centers, and mixed-use developments.
The company's main source of income is derived from leasing out space to retail tenants and earning rental income. They also generate revenue from property management fees, development and construction services, and the sale of properties.
SmartCentres' strategy is to focus on properties with strong tenant demand and long-term leases, as well as to diversify their portfolio by location, tenant, and property type. They also aim to enhance the value of their properties through redevelopment and strategic partnerships.
The company's business model is centered on creating value for their unitholders by generating strong and stable cash flow, maintaining a conservative financial structure, and continuously seeking growth opportunities.
The company's main source of income is derived from leasing out space to retail tenants and earning rental income. They also generate revenue from property management fees, development and construction services, and the sale of properties.
SmartCentres' strategy is to focus on properties with strong tenant demand and long-term leases, as well as to diversify their portfolio by location, tenant, and property type. They also aim to enhance the value of their properties through redevelopment and strategic partnerships.
The company's business model is centered on creating value for their unitholders by generating strong and stable cash flow, maintaining a conservative financial structure, and continuously seeking growth opportunities.
Interesting facts about the company
1. SmartCentres Real Estate Investment Trust (REIT) is one of the largest real estate investment trusts in Canada. It is also the largest owner and operator of shopping centers in the country.
2. The company was founded in 1994 as First Pro Shopping Centres and went public in 2002. It was later renamed to SmartCentres in 2015.
3. Currently, SmartCentres has a portfolio of over 158 properties totaling over 33 million square feet of leasable space.
4. The company’s properties are strategically located in major Canadian cities and towns, with a focus on retail and mixed-use developments.
5. One of SmartCentres’ key strategic partners is Walmart, which operates over 120 stores in their shopping centers. This partnership makes up approximately 25% of SmartCentres’ rental revenue.
6. SmartCentres is also a leader in sustainable development and has a dedicated team that focuses on environmental, social, and governance initiatives.
7. In addition to its retail properties, SmartCentres also owns and operates a residential development division, SmartLiving, which offers affordable housing options to Canadians.
8. In 2019, SmartCentres announced a joint venture with Penguin Properties Ltd. to develop mixed-use communities across Canada. This partnership adds an additional 25 million square feet of potential development to the company’s portfolio.
9. SmartCentres has a strong financial track record and has increased its distributions to unitholders every year since its inception.
10. In 2020, SmartCentres announced plans to transition into a fully integrated real estate company, expanding its focus from solely retail properties to include mixed-use developments, industrial properties, and self-storage facilities. This move is expected to bring significant growth opportunities for the company in the future.
See Company Due Diligence:
2. The company was founded in 1994 as First Pro Shopping Centres and went public in 2002. It was later renamed to SmartCentres in 2015.
3. Currently, SmartCentres has a portfolio of over 158 properties totaling over 33 million square feet of leasable space.
4. The company’s properties are strategically located in major Canadian cities and towns, with a focus on retail and mixed-use developments.
5. One of SmartCentres’ key strategic partners is Walmart, which operates over 120 stores in their shopping centers. This partnership makes up approximately 25% of SmartCentres’ rental revenue.
6. SmartCentres is also a leader in sustainable development and has a dedicated team that focuses on environmental, social, and governance initiatives.
7. In addition to its retail properties, SmartCentres also owns and operates a residential development division, SmartLiving, which offers affordable housing options to Canadians.
8. In 2019, SmartCentres announced a joint venture with Penguin Properties Ltd. to develop mixed-use communities across Canada. This partnership adds an additional 25 million square feet of potential development to the company’s portfolio.
9. SmartCentres has a strong financial track record and has increased its distributions to unitholders every year since its inception.
10. In 2020, SmartCentres announced plans to transition into a fully integrated real estate company, expanding its focus from solely retail properties to include mixed-use developments, industrial properties, and self-storage facilities. This move is expected to bring significant growth opportunities for the company in the future.
See Company Due Diligence:
Wait! There's more — sign up for free or log in