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SmartCentres Real Estate Investment Trust: 1 director
A director at SmartCentres Real Estate Investment Trust bought 40,800 shares at 25.012CAD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors ove...
SmartCentres Real Estate Investment Trust Releases Third Quarter Resul...
SmartCentres Real Estate Investment Trust Releases Third Quarter Results for 2024 TORONTO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (“SmartCentres”, the “Trust” or the “REIT”) (TSX: SRU.UN) is pleased to report its financial and operating results for the quarter ended September 30, 2024. “Building on a successful first half of the year, retail fundamentals are outperforming, driven by strong momentum in leasing demand and executed lease deals for both existing space and for new build space,” said Mitchell Goldhar, CEO of SmartCentres. “We are seeing it ...
SmartCentres Real Estate Investment Trust Releases Second Quarter Resu...
SmartCentres Real Estate Investment Trust Releases Second Quarter Results for 2024 TORONTO, Aug. 08, 2024 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX: SRU.UN) is pleased to report its financial and operating results for the quarter ended June 30, 2024. “Building on Q1, we are pleased to report strong continued momentum in leasing demand and lease deals executed for space in Q2”, said Mitchell Goldhar, CEO of SmartCentres. “Occupancy has improved by 50 basis points to 98.2% with approximately 272,000 square feet of vacant space leased...
SmartCentres Real Estate Investment Trust Releases First Quarter Resul...
SmartCentres Real Estate Investment Trust Releases First Quarter Results for 2024 TORONTO, May 08, 2024 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX: SRU.UN) is pleased to report its financial and operating results for the quarter ended March 31, 2024. “We are pleased to report a strong start to 2024," said Mitchell Goldhar, CEO of SmartCentres. "Our focus on value-oriented retail continues to drive robust customer traffic, resulting in a $5.9 million increase in net rental income(1) compared to the first quarter of last year. Sig...
SmartCentres Real Estate Investment Trust Releases Fourth Quarter and ...
SmartCentres Real Estate Investment Trust Releases Fourth Quarter and Full Year Results for 2023 TORONTO, Feb. 14, 2024 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (“SmartCentres”, the “Trust” or the “REIT”) (TSX: SRU.UN) is pleased to report its financial and operating results for the quarter and year ended December 31, 2023. “In reflecting on the achievements of 2023, I am pleased with our strong financial and operational results," said Mitchell Goldhar, CEO of SmartCentres. "Our net operating income has shown steady and consistent growth through the year, which also ...
SmartCentres Real Estate Investment Trust Releases Third Quarter Resul...
SmartCentres Real Estate Investment Trust Releases Third Quarter Results For 2023 TORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (“SmartCentres”, the “Trust” or the “REIT”) (TSX: SRU.UN) is pleased to report its financial and operating results for the quarter ended September 30, 2023. “Building on a successful first half of the year, we are pleased to report stronger performances in all areas of the business for Q3,” said Mitchell Goldhar, CEO of SmartCentres. “Our core retail portfolio has gone into a higher gear and become more offensive, with ...
SmartCentres Real Estate Investment Trust Releases Second Quarter Resu...
SmartCentres Real Estate Investment Trust Releases Second Quarter Results For 2023 Operational Shopping centre leasing activity strengthened from Q1 2023, with an industry-leading in-place and committed occupancy rate of 98.2% as at June 30, 2023 (December 31, 2022 – 98.0%).Executed new leases of 273,150 square feet during the quarter. Renewed 75.5% of the 5,157,636 square feet of space expiring in 2023. Mixed-use Development Construction activity is currently underway, with respect to high rise residential on existing shopping centre sites in Vaughan, Laval, and Ottawa.First occupancy ...
SmartCentres Real Estate Investment Trust Releases First Quarter Resul...
SmartCentres Real Estate Investment Trust Releases First Quarter Results for 2023 Operational Shopping centre leasing activity remains strong, with industry-leading in-place and committed occupancy rate of 98% as at March 31, 2023 (December 31, 2022 – 98%).Executed leases on 3,172,749 sq. ft. consisting of 102,853 sq. ft. of new deals and 3,069,896 sq. ft. of renewals during the three months ended March 31, 2023. Non-anchor tenant renewed at an average rental rate of $22.00 per sq. ft., as compared to $17.42 per sq. ft. for the three months ended March 31, 2022. Mixed-use Development In...
SmartCentres REIT to Release 2023 First Quarter Results and Host Confe...
SmartCentres REIT to Release 2023 First Quarter Results and Host Conference Call TORONTO, April 10, 2023 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX: SRU.UN) announced today that it will issue its financial results for the three months ended March 31, 2023 on Wednesday, May 10, 2023. SmartCentres will hold a conference call on Thursday, May 11, 2023 at 3:00 p.m. (ET). Participating on the call will be members of SmartCentres’ senior management. Investors are invited to access the call by dialing 1-855-353-9183 and then keying in the...
SmartCentres Real Estate Investment Trust Releases Fourth Quarter and ...
SmartCentres Real Estate Investment Trust Releases Fourth Quarter and Full Year Results for 2022 Operational Shopping centre leasing activity remains strong, with industry-leading occupancy levels of 98% in Q4 2022, representing a 40 basis point increase as compared to the same period 2021Same Properties NOI(1) for the quarter increased by $5.1 million or 4.0% as compared to Q4 2021, and for the full year increased by $16.5 million or 3.3% as compared to 2021 Net rental income and other for the quarter increased by $2.2 million or 1.7% as compared to Q4 2021, and for the full year increase...
SmartCentres Real Estate Investment Trust Releases Third Quarter Resul...
SmartCentres Real Estate Investment Trust Releases Third Quarter Results for 2022 Operational Shopping centre leasing activity continues to improve with occupancy levels, inclusive of committed deals, increasing to 98.1% in Q3 2022, representing a 50 basis point increase from Q2 2022Same Properties NOI inclusive of ECL(1) increased by $3.9 million or 3.1% in Q3 2022 as compared to the same period in 2021. Same Properties NOI excluding ECL(1) increased by $3.0 million or 2.3% in Q3 2022 as compared to the same period in 2021Net rental income and other increased by $3.6 million or 2....
SmartCentres Real Estate Investment Trust Releases Second Quarter Resu...
SmartCentres Real Estate Investment Trust Releases Second Quarter Results for 2022 Received zoning approvals for over 3.8 million square feet of residential development in the second quarter on 3 projects in the Greater Toronto Area, including Vaughan, Scarborough, and Pickering;In excess of 3.0 million square feet of construction activity is currently underway, principally on high rise residential projects in Toronto, Montreal, and Ottawa;Shopping centre leasing activity continues to improve with occupancy levels, inclusive of committed deals, increasing to 97.6% in Q2 2022, representing a...
SmartCentres Real Estate Investment Trust Releases First Quarter Resul...
SmartCentres Real Estate Investment Trust Releases First Quarter Results for 2022 Substantive improvement in retail leasing momentum across the portfolio with growth from both existing and new tenants;FFO per Unit(1) for Q1 2022 increased by $0.02 or 4.1% as compared to the same period in 2021;Progress in zoning approvals on strategic projects, together with improved market conditions, contributed to $237.7 million in incremental property values, leading to net income and comprehensive income for Q1 2022 increasing to $370.1 million compared to $60.6 million for the same period in 2021; fro...
SmartCentres Real Estate Investment Trust Releases Fourth Quarter and ...
SmartCentres Real Estate Investment Trust Releases Fourth Quarter and Year End Results for 2021 Progress in the zoning process on several strategic projects, together with improved market conditions, contributed to $580.7 million in incremental property values, which in turn led to net income and comprehensive income for Q4 2021 increasing by $603.7 million as compared to the same period in 2020, representing an increase of $3.46 per Unit;FFO per Unit for Q4 2021 increased by $0.06 or 12.0% as compared to the same period in 2020;Continued advancement of non-retail pipeline of 283 projects r...
SmartCentres Announces Closing of Acquisition of SmartVMC City Centre ...
SmartCentres Announces Closing of Acquisition of SmartVMC City Centre Lands, Becomes Largest Landowner in the Vaughan Metropolitan Centre TORONTO, Dec. 22, 2021 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (“SmartCentres” or the “REIT”) (TSX:SRU.UN), announced today that it has now closed the previously announced $513 million strategic acquisition of a two-thirds interest in 53 acres, in ‘SmartVMC’, the 100+ acre master-planned City Centre in the Vaughan Metropolitan Centre. This acquisition more than doubles SmartCentres’ holdings in SmartVMC, consolidating ownership of...
SmartCentres Announces Disposition of Non-Core Asset in Maple Ridge B....
SmartCentres Announces Disposition of Non-Core Asset in Maple Ridge B.C. TORONTO, Dec. 13, 2021 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (“SmartCentres” or the “REIT”) (TSX:SRU.UN), announces the disposition of its non-core enclosed mall property, ‘Haney Place Mall’, in Maple Ridge, British Columbia. The property was sold at a sub 5% capitalization rate, representing a premium in excess of 30% over IFRS value. The proceeds from this all-cash transaction will be used to reduce debt and strengthen the balance sheet, as well as free up human capital to further facilitate...
SmartCentres Doubles Ownership in SmartVMC City Centre, Becomes Larges...
SmartCentres Doubles Ownership in SmartVMC City Centre, Becomes Largest Landowner in the Vaughan Metropolitan Centre. SmartLiving Set to Grow. TORONTO, Nov. 30, 2021 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (“SmartCentres” or the “REIT”) (TSX:SRU.UN), announces a $513 million strategic acquisition of a two-thirds interest in 53 acres (“Acquired Lands”), in ‘SmartVMC’, the 100+ acre master-planned City Centre in the Vaughan Metropolitan Centre. This more than doubles SmartCentres’ interest in SmartVMC, uniting ownership across the property and making SmartCentres the...
SmartCentres Real Estate Investment Trust Releases Third Quarter Resul...
SmartCentres Real Estate Investment Trust Releases Third Quarter Results For 2021 Maintained $1.85 per unit annualized distribution;Portfolio continues to provide recurring income with an in-place occupancy rate of 97.3% and committed occupancy rate of 97.6%;Continued advancement of non-retail pipeline of 281 projects representing approximately 55 million square feet across the network (32 million square feet at the Trust's share);Average collection levels across the portfolio approximate 97% for the quarter;The remaining 192 presold condominium units at Transit City 3 closed during the qua...
SmartCentres unveils plans for ArtWalk, the new mixed-use art district...
SmartCentres unveils plans for ArtWalk, the new mixed-use art district in the Vaughan Metropolitan Centre The first phase of ArtWalk, the new art district in SmartCentres’ flagship SmartVMC development, includes three residential buildings within walking distance of transit, urban amenities, and a 9-acre central park. TORONTO, Sept. 23, 2021 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX:SRU.UN) has revealed plans for the next block of SmartCentres’ emerging 100-acre, 20-million sq. ft. SmartVMC city centre. The ArtWalk district, which was unveiled ea...
SmartCentres unveils the PXL Gallery, Canada’s largest low-resolution ...
SmartCentres unveils the PXL Gallery, Canada’s largest low-resolution LED public art installation The PXL Gallery is a permanent 10,000 square foot art installation, reinforcing SmartCentres’ ongoing focus on art and culture in SmartVMC, the New City Centre in Vaughan. TORONTO, Aug. 17, 2021 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX:SRU.UN) officially unveils the PXL Gallery, a 10,000 square foot low resolution LED permanent art installation in SmartVMC, its flagship 100-acre master-planned city centre in Vaughan. This modern art installation fe...
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