SmartCentres' May 2025 Distribution Announcement Details
SmartCentres Announces Its Newest Distribution
In an exciting update, SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX: SRU.UN) has officially declared a distribution for May 2025. Each unit will receive a distribution of $0.15417, which translates to an impressive annualized rate of $1.85 per unit. The distribution will be paid out on June 16, 2025, to those unitholders recorded by May 30, 2025.
Understanding SmartCentres' Operations
SmartCentres is recognized as one of Canada’s largest and most integrated Real Estate Investment Trusts. The organization boasts a robust and diverse portfolio comprising of 196 strategically located properties throughout the country. SmartCentres prides itself on its ability to provide value-oriented retail options along with purpose-built rental, high-quality office, and self-storage properties.
Financial Strength and Asset Overview
With an asset base reaching approximately $11.9 billion, SmartCentres underscores its stability and potential for growth. The portfolio features 35.4 million square feet of leasable area, complemented by an exceptional occupancy rate of 98.4%. Operating on a sprawling 3,500 acres of owned land across Canada, SmartCentres effectively meets the needs of tenants and customers alike.
Strategic Growth Initiatives
As SmartCentres continues to expand, the emphasis on strategic growth becomes ever more relevant. Investments in prime locations and mixed-use developments enhance community engagement and respond directly to market demands. Such initiatives help foster long-term relationships with tenants and enhance financial returns for unitholders.
Contacting SmartCentres
For further information, visitors can turn to the company's official website for insights and updates. Although direct links have been excluded as per our guidelines, SmartCentres' online presence remains an excellent resource for exploring their offerings and latest news.
Key Personnel
In terms of leadership, SmartCentres is led by an exceptional team. Mitchell Goldhar serves as the Executive Chairman and CEO, while Peter Slan holds the position of Chief Financial Officer. They can be reached at (905) 326-6400, with Mitchell available at extension 7674, and Peter at extension 7571.
Frequently Asked Questions
What is the distribution amount declared by SmartCentres for May 2025?
The distribution declared by SmartCentres for May 2025 is $0.15417 per unit.
When will the distribution be payable?
The distribution will be payable on June 16, 2025.
What is SmartCentres' annualized distribution rate?
The annualized distribution rate amounts to $1.85 per unit.
How many properties does SmartCentres manage?
SmartCentres manages a portfolio of 196 properties strategically located in various communities across Canada.
What is the occupancy rate of SmartCentres' portfolio?
SmartCentres boasts an impressive occupancy rate of 98.4% for its properties.
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