SmartCentres Real Estate Investment Trust

Toronto Stock Exchange SRU-UN.TO

SmartCentres Real Estate Investment Trust Operating Income for the year ending December 31, 2023: USD 435.78 M

SmartCentres Real Estate Investment Trust Operating Income is USD 435.78 M for the year ending December 31, 2023, a 20.94% change year over year. Operating income is the profit earned by a company from its normal business operations before interest and taxes are deducted.
  • SmartCentres Real Estate Investment Trust Operating Income for the year ending December 31, 2022 was USD 360.31 M, a -32.42% change year over year.
  • SmartCentres Real Estate Investment Trust Operating Income for the year ending December 31, 2021 was USD 533.16 M, a 34.27% change year over year.
  • SmartCentres Real Estate Investment Trust Operating Income for the year ending December 31, 2020 was USD 397.08 M, a 3.03% change year over year.
  • SmartCentres Real Estate Investment Trust Operating Income for the year ending December 31, 2019 was USD 385.42 M, a 6.76% change year over year.
Key data
Date Operating Income EBIT EBITDA Net Income
Market news
Loading...
Toronto Stock Exchange: SRU-UN.TO

SmartCentres Real Estate Investment Trust

CEO Mr. Mitchell Goldhar
IPO Date Oct. 9, 2003
Location Canada
Headquarters 3200 Highway 7
Employees 342
Sector Consumer Discretionary
Industries
Description

SmartCentres Real Estate Investment Trust is one of Canada's largest fully integrated REITs, with a best-in-class portfolio featuring 166 strategically located properties in communities across the country. SmartCentres has approximately $10.4 billion in assets and owns 33.8 million square feet of income producing value-oriented retail space with 97.4% occupancy, on 3,500 acres of owned land across Canada. SmartCentres continues to focus on enhancing the lives of Canadians by planning and developing complete, connected, mixed-use communities on its existing retail properties. A publicly announced $11.9 billion intensification program ($5.4 billion at SmartCentres' share) represents the REIT's current major development focus on which construction is expected to commence within the next five years. This intensification program consists of rental apartments, condos, seniors' residences and hotels, to be developed under the SmartLiving banner, and retail, office, and storage facilities, to be developed under the SmartCentres banner. SmartCentres' intensification program is expected to produce an additional 59.3 million square feet (27.9 million square feet at SmartCentres' share) of space, 27.1 million square feet (12.3 million square feet at SmartCentres' share) of which has or will commence construction within next five years. From shopping centres to city centres, SmartCentres is uniquely positioned to reshape the Canadian urban and urban-suburban landscape. Included in this intensification program is the Trust's share of SmartVMC which, when completed, is expected to include approximately 11.0 million square feet of mixed-use space in Vaughan, Ontario. Construction of the first five sold-out phases of Transit City Condominiums that represent 2,789 residential units continues to progress. Final closings of the first two phases of Transit City Condominiums began ahead of budget and ahead of schedule in August 2020 and as at September 30, 2020, 766 units (representing approximately 70% of all 1,110 units in the first and second phases) had closed with the balance of units expected to close before year end. In addition, the presold 631 units in the third phase along with 22 townhomes, all of which are sold out and currently under construction, are expected to close in 2021. The fourth and fifth sold-out phases representing 1,026 units are currently under construction and are expected to close in 2023.

Similar companies

CHP-UN.TO

Choice Properties Real Estate Investment Trust

USD 9.05

-0.02%

NWH-UN.TO

NorthWest Healthcare Properties Real Estate Investment Trust

USD 3.10

-0.01%

REI-UN.TO

RioCan Real Estate Investment Trust

USD 12.78

0.38%

GRT-UN.TO

Granite Real Estate Investment Trust

USD 47.79

1.10%

HR-UN.TO

H&R Real Estate Investment Trust

USD 6.42

-0.11%

StockViz Staff

January 15, 2025

Any question? Send us an email