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SmartCentres Real Estate Investment Trust (T:SRU.UN)

Business Focus: Retail REITs

Sector:  Financials Industry:  Commercial REITs
See Regulatory Filings on SEDAR
Company Contact
Address: 1700-715 5 Ave SW
Tel: 1-905-3266400
IR: See website
Key People
Mitchell Goldhar
Chairman of the Board of Trustees
Peter Forde
President, Chief Operating Officer
Huw Thomas
Chief Executive Officer, Trustee
Peter E. Sweeney
Chief Financial Officer
Stephen Champion
Executive Vice President - Development
Rudy Gobin
Executive Vice President - Portfolio Management and Investments
Mauro Pambianchi
Chief Development Officer
Business Overview
Smart Centres Real Estate Investment Trust (the Trust) is a Canada-based real estate investment trust. The Trust develops, leases, constructs, owns and manages shopping centers, office buildings, high-rise and low-rise condominium and rental residences, seniors' housing, town house units, and self-storage rental facilities in Canada. Its 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 and ONR Limited Partnership I.
Financial Overview
For the three months ended 31 March 2020, SmartCentres Real Estate Investment Trst revenues increased less than 1% to C$206.7M. Net income decreased 19% to C$53.9M. Revenues reflect Base rent increase of 1% to C$126.3M, Property operating costs recovered increase of 1% to C$26.2M, also reflect Miscellaneous revenue decrease of 31% to C$2.8M.
Employees: 342 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $7,390M as of Mar 31, 2020
Annual revenue (TTM): $806.71M as of Mar 31, 2020
EBITDA (TTM): $483.80M as of Mar 31, 2020
Net annual income (TTM): $301.07M as of Mar 31, 2020
Free cash flow (TTM): $175.68M as of Mar 31, 2020
Net Debt Last Fiscal Year: $4,322M as of Mar 31, 2020
Shares outstanding: 169,765,287 as of Apr 16, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization