SRU-UN 📈 SmartCentres Real Estate - Overview

SmartCentres Real Estate Investment Trust is a prominent player in the Canadian real estate landscape, boasting an extensive and diversified portfolio of 191 properties strategically situated across the country. This portfolio is characterized by a mix of retail and office spaces, with a focus on value-oriented and first-class properties that cater to a wide range of tenants and consumers. The trust's assets are substantial, with a total value of approximately $12.0 billion, underscoring its position as one of Canada's largest fully integrated REITs.

The scale of SmartCentres' operations is further highlighted by its ownership of 35.0 million square feet of income-producing properties, which are largely occupied, with an impressive 98.5% in-place and committed occupancy rate. This high occupancy rate is a testament to the trust's ability to manage and maintain its properties effectively, ensuring a stable source of income. Additionally, SmartCentres controls a significant amount of land, with 3,500 acres owned across Canada, providing a foundation for potential future development and growth.

From an investment perspective, SmartCentres is classified as a common stock, with the ISIN CA83179X1087, and is categorized under the GICS Sub Industry of Retail REITs. This classification reflects the trust's primary focus on retail properties, although its portfolio also includes office spaces. For more information, investors and interested parties can visit the trust's website at https://www.smartcentres.com, which provides detailed insights into its operations, portfolio, and performance.