SmartCentres Real Estate Investment Trust

SmartCentres Real Estate Investment Trust

16.87
EUR
+0.42
(+2.58%)
0.77EPS
29.07P/E
3.09BMarket Cap
Nov 04Next Earn
SmartCentres Real Estate Investment Trust
FRA:C7J1
(Frankfurt Stock Exchange)

Recent

price

16.87

P/E

ratio

29.07

div

yld

6.29%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CAD
4.17
4.14
4.14
4.26
4.45
4.56
4.68
4.74
4.92
4.75
4.54
4.59
4.73
4.9
5.39
5.36
5.91
Revenue per Share
4.65
1.43
6.81
2.03
1.67
1.84
2.08
1.88
2.08
1.85
0.44
4.86
3.03
2.43
1.39
1.48
1.01
Basic EPS, GAAP
-1.15
1.61
1.6
1.75
1.77
2.02
2.04
2.24
2.17
2.03
1.72
2.18
2.17
1.93
2.19
2.2
2.5
Free Cash Flow per Basic Share
1.33
1.11
1.11
1.13
1.13
1.1
1.1
1.11
1.12
1.12
1.51
1.57
1.57
1.57
1.57
1.57
1.72
Dividend per Share
16.65
17.49
23.38
24.03
24.26
24.06
24.8
25.34
25.99
26.55
25.38
28.66
30.11
30.96
30.77
30.66
29.79
Book Value per Share
14.47
17.49
23.38
24.03
24.26
23.71
24.47
25.02
25.68
26.27
25.11
28.4
29.85
30.71
30.53
30.42
29.56
Tangible Book Value per Share
115
124
132
134
136
147
155
158
161
170
172
170
170
170
170
171
156
Basic Weighted Avg Shares
479
512
546
571
606
669
725
747
790
806
781
781
805
835
918
914
919
Sales/Revenue/Turnover
64.41
64.07
63.82
63.43
63.12
62.44
62.1
60.15
59.83
60.07
55.3
58.14
58.33
57.18
55.52
57.16
56.51
Operating Margin (%)
- -
- -
- -
- -
- -
1
7
8
8
8
14
12
10
11
7
6
8
Depreciation Expense
534
177
898
273
227
269
322
297
335
314
75
828
516
414
237
252
157
Net Income, GAAP
28.97
40.71
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
111.51
34.55
164.53
47.76
37.4
40.26
44.43
39.72
42.34
38.94
9.64
106.04
64.14
49.57
25.78
27.55
17.11
Profit Margin (%)
-306
-315
-334
-347
-520
-302
-556
-367
-657
-154
-83
-708
-699
-812
-1,359
-970
-1,792
Working Capital
2,429
2,487
2,397
2,747
2,577
3,561
3,287
3,816
3,530
4,111
4,356
4,176
4,524
4,394
4,059
4,454
3,776
LT Debt
2,286
2,553
3,639
3,804
3,906
4,483
4,664
4,827
5,008
5,368
5,167
5,841
6,163
6,359
6,338
6,346
6,171
Total Equity
4.34
3.79
- -
5.5
5.54
5.48
5.37
5.33
5.2
5.17
4.31
4.29
4.32
4.24
4.48
4.55
4.54
Return on Invested Capital (%)
14.56
4.52
- -
5.57
4.92
4.76
4.83
4.24
4.47
4.37
2.18
7.68
4.98
4.24
3.17
3.29
2.72
Return on Capital (%)
32.52
8.68
34.24
8.65
6.95
7.7
8.55
7.57
8.22
7.27
1.71
18.01
10.32
7.96
4.5
4.81
3.06
Return on Common Equity (%)

Capital Structure

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
755
1,128
1,458
LT Borrowings
4,454
4,129
3,776
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
171
171
171
Market Capitalization
4,259
4,178
5,009

Working Capital

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
342
244
297
Cash, Cash Equivalents & STI
52
37
45
Accounts Receivable, Net
31
28
41
Inventories
21
21
- -
Total Current Liabilities
1,312
1,740
2,089
Payables & Accruals
254
291
265
ST Debt
755
1,128
1,458
Deferred Revenue
- -
- -
- -

Growth Rates

CAD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.63%
4.31%
0.14%
Free Cash Flow
3%
5.61%
0.49%
Net Income, GAAP
84.82%
181.17%
6.36%
Sales/Revenue/Turnover
3.25%
3.26%
-0.48%
Total Cash Common Dividend
- -
- -
0.02%

Quarterly Revenue

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
217
228
243
230
918
2025
229
224
227
234
914
2026
232
226
- -
- -
- -

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.1
0.61
0.2
0.96
1.39
2025
-0.05
0.52
0.39
0.95
1.48
2026
0.62
-0.7
- -
- -
- -

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.39
0.39
0.39
0.56
1.57
2025
0.39
0.39
0.39
0.61
1.57
2026
0.39
0.39
- -
- -
- -
Business
SmartCentres Real Estate Investment Trust (SRU-UN.TO) owns and manages a diversified portfolio of income-producing properties across Canada, including 155 retail properties, 4 office properties, 14 self-storage facilities, 3 residential properties and 1 industrial property totaling 35.6 million square feet of gross leasable area with 98.6% in-place and committed occupancy; it also pursues mixed-use intensification developments encompassing rental apartments, condominiums, townhomes, seniors' residences, hotels, office spaces and additional self-storage on 3,500 acres of owned land in every province. The Trust, founded in 1994 and headquartered in Vaughan, Ontario, anchors most retail centres with Walmart supercentres, serving value-oriented retail tenants, commercial businesses, residential customers and self-storage users nationwide. Its properties generate rentals from investment properties, self-storage operations, residential leases and sales from condominium and townhome closings. In 2025, SmartCentres opened three new self-storage facilities in Toronto and Dorval, Quebec, bringing the total to 14 operating sites with more under construction in Quebec and British Columbia slated for 2026-2027; it advanced construction on the ArtWalk condo Tower A in Vaughan Metropolitan Centre with 93% of 340 units pre-sold, Phase I Vaughan NW townhomes where 111 of 120 units closed and a flagship 200,000 square foot Canadian Tire store in Toronto for Q2 2026 delivery. The Trust secured a $160 million mortgage with its self-storage joint venture on October 31, 2025 at 3.87% fixed for five years to refinance maturing debt, obtained a $188.8 million CMHC-insured mortgage on the Millway rental development on October 24, 2025 at 3.45% maturing 2030 and closed $500 million in Series AC and AD unsecured debentures on November 12, 2025 at 3.599% and 4.318% to repay maturing Series X debentures and support general purposes.

Company News

  • SmartCentres Closes $150 Million Re-Opening of Series AC Senior Unsecured Debentures and $300 Million New Issue of Series AE Senior Unsecured Debentures

  • SmartCentres Real Estate Investment Trust Announces New Issue of $300 Million Series AE and Re-opening of $150 Million Series AC Senior Unsecured Debentures

  • SmartCentres Real Estate Investment Trust to Release 2026 Third Quarter Results and Host Conference Call

  • SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Sets New 52-Week Low – Here’s What Happened

  • SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Shares Gap Up – Should You Buy?

  • SmartCentres Declares Distribution for September 2026

  • SmartCentres: A 6.75% Dividend Yield With Walmart As Anchor Tenant

  • SmartCentres Declares Distribution for August 2026

  • SmartCentres Real Estate Investment Trust (SRU.UN:CA) Q2 2026 Earnings Call Transcript

  • SmartCentres Real Estate Investment Trust Releases Second Quarter Results for 2026

  • SmartCentres Real Estate Investment Trust to Release 2026 Second Quarter Results and Host Conference Call

  • SmartCentres Releases 2025 Environmental, Social and Governance Report

  • SmartCentres Declares Distribution for June 2026

  • SmartCentres Declares Distribution for May 2026

  • SmartCentres Real Estate Investment Trust (SRU.UN:CA) Shareholder/Analyst Call Transcript

  • SmartCentres Real Estate Investment Trust Announces Voting Results From Annual Meeting of Holders of Units and Special Voting Units

  • SmartCentres Real Estate Investment Trust (SRU.UN:CA) Q1 2026 Earnings Call Transcript

  • SmartCentres Real Estate Investment Trust Releases First Quarter Results for 2026

  • SmartCentres Real Estate Investment Trust (CWYUF) Upgraded to Strong Buy: What Does It Mean for the Stock?

  • SmartCentres Announces Filing of Information Circular in Connection with Annual Unitholders' Meeting