SmartCentres Real Estate Investment Trust (T:SRU.UN)
Business Focus: Retail REITs
| Sector: Real Estate | Industry: Commercial REITs |
| Company Contact | |
| Address: | 3200 Highway 7 VAUGHAN ON L4K5Z5 |
| Tel: | N/A |
| Website: | www.smartcentres.com |
| IR: | See website |
| Key People | ||
| Mitchell Goldhar Executive Chairman of the Board of Trustees, Chief Executive Officer | Peter Slan Chief Financial Officer | Paula Bustard Executive Vice President - Development |
| Rudy Gobin Executive Vice President - Portfolio Management and Investments | Allan Scully Executive Vice President - Development | |
| Business Overview |
| SmartCentres Real Estate Investment Trust (the Trust) is a Canada-based fully integrated real estate investment trust. The Trust develops, leases, constructs, owns and manages shopping centers, office buildings, high-rise and low-rise condominiums and rental residences, seniors' housing, townhome units, self-storage rental facilities, and industrial facilities in Canada. It is focused on development, ownership, management and operation of investment properties located in Canada. The Trust portfolio features approximately 191 strategically located properties in communities across the country. The Trust's subsidiaries include Smart Limited Partnership, Smart Limited Partnership II, Smart Limited Partnership III, Smart Limited Partnership IV, Smart Oshawa South Limited Partnership, Smart Oshawa Taunton Limited Partnership, Smart Boxgrove Limited Partnership, ONR Limited Partnership, ONR Limited Partnership I, and SmartVMC West Limited Partnership. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, SmartCentres Real Estate Investment Trst revenues increased 4% to C$834.6M. Net income decreased 20% to C$413.7M. Revenues reflect Funds from Operations - Per Share - Basi increase of 8% to C$2.25, Funds from Operations - Per Share - Dilu increase of 8% to C$2.23, Net base rent increase of 3% to C$523.5M, Property operating cost recoveries increase of 7% to C$100.1M. |
| Employees: | 417 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $8,133M as of Dec 31, 2023 |
| Annual revenue (TTM): | $834.58M as of Dec 31, 2023 |
| EBITDA (TTM): | $462.85M as of Dec 31, 2023 |
| Net annual income (TTM): | $413.70M as of Dec 31, 2023 |
| Free cash flow (TTM): | $61.38M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $4,965M as of Dec 31, 2023 |
| Shares outstanding: | 170,290,577 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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