SmartCentres Announces Distribution for December 2024
TORONTO – SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX: SRU.UN) has declared a distribution of $0.15417 per unit for December 2024. Annualizing this amount results in approximately $1.85 per unit. This distribution is scheduled for payment on January 15, 2025, to all unitholders on record as of December 31, 2024.
About SmartCentres
SmartCentres is recognized as one of Canada's leading and fully integrated Real Estate Investment Trusts (REITs). The company boasts a substantial and growing mixed-use portfolio composed of 195 strategically located properties across communities nationwide. Currently, SmartCentres manages assets valued around $11.9 billion and owns approximately 35.3 million square feet of income-generating, value-oriented retail spaces and prestigious office properties. Notably, the trust enjoys an impressive occupancy rate of 98.5%, demonstrating its strong market presence.
Strategic Growth and Community Impact
In recent years, SmartCentres has made strides to expand its portfolio further and diversify its offerings. By integrating retail and residential solutions, the company is responding to the evolving needs of Canadian communities. With 3,500 acres of owned land, SmartCentres focuses on creating community-oriented spaces, thereby enhancing both consumer experience and local economic growth.
Leadership Team and Contact Information
SmartCentres’ leadership comprises industry veterans who are committed to guiding the company through ongoing growth and operational excellence. Mitchell Goldhar serves as Executive Chairman and CEO, while Peter Slan takes on the role of Chief Financial Officer. Investors looking for more information or assistance can contact the following:
Executive Contacts
Mitchell Goldhar
(905) 326-6400 ext. 7674
mgoldhar@smartcentres.com
Peter Slan
(905) 326-6400 ext. 7571
pslan@smartcentres.com
Frequently Asked Questions
What is the distribution amount declared by SmartCentres for December 2024?
SmartCentres declared a distribution of $0.15417 per unit for December 2024.
When will the distribution be paid to unitholders?
The distribution will be paid on January 15, 2025.
What is SmartCentres' occupancy rate?
SmartCentres has an occupancy rate of 98.5% across its properties.
How many properties does SmartCentres manage?
SmartCentres manages 195 strategically located properties.
Who are the key executives at SmartCentres?
Mitchell Goldhar is the Executive Chairman and CEO, and Peter Slan is the Chief Financial Officer.
