SmartCentres Announces February 2025 Distribution Highlights
SmartCentres Announces February 2025 Distribution
SmartCentres Real Estate Investment Trust (TSX: SRU.UN), a prominent player in the Canadian real estate market, has declared a distribution for the month of February 2025. Each unit will receive a distribution of $0.15417, translating to an impressive annualized rate of $1.85 per unit. This distribution is scheduled to be paid on March 17, 2025, to those unitholders who are on record as of February 28, 2025.
Overview of SmartCentres
SmartCentres is recognized as one of Canada’s largest and fully integrated Real Estate Investment Trusts (REITs). The Trust boasts a robust and expanding mixed-use portfolio comprised of 195 strategically positioned properties across the nation. With a total asset value approaching $11.9 billion, the portfolio includes a variety of income-producing properties, such as value-oriented retail, purpose-built rental units, high-quality office spaces, and self-storage facilities.
Significant Portfolio Attributes
The company holds an impressive 35.3 million square feet of leasable space, maintaining a remarkable occupancy rate of 98.7%. This reflects SmartCentres’ commitment to ensuring that their properties are fully utilized to meet community needs. The land spans 3,500 acres, demonstrating SmartCentres' extensive reach and influence within the Canadian market.
Financial Resilience and Growth
SmartCentres’ consistent distribution highlights not only the Trust's solid financial position but also its dedication to providing value to unitholders. These distributions are a testament to the company's strategic planning and operational efficiency. Whether through enhancing the value of existing properties or exploring new opportunities for growth, SmartCentres remains focused on delivering strong returns.
Connecting with SmartCentres
For individuals interested in learning more about SmartCentres, further information is available on their official website. The contact details for key executives provide an avenue for direct inquiries about the Trust’s operations, distribution strategy, and future outlook.
Management Team Contacts
For more details, feel free to reach out to:
Mitchell Goldhar
Executive Chairman and CEO
(905) 326-6400 ext. 7674
mgoldhar@smartcentres.com
Peter Slan
Chief Financial Officer
(905) 326-6400 ext. 7571
pslan@smartcentres.com
Frequently Asked Questions
What is the distribution amount declared by SmartCentres for February 2025?
The distribution declared for February 2025 is $0.15417 per unit, equivalent to $1.85 annualized.
When will the distribution be paid?
The distribution will be paid on March 17, 2025.
What is the occupancy rate of SmartCentres properties?
SmartCentres maintains an impressive occupancy rate of 98.7% across its properties.
How large is SmartCentres’ portfolio?
SmartCentres boasts a portfolio of 195 properties and approximately 35.3 million square feet of leasable space.
Who can I contact for more information about SmartCentres?
Contact either Mitchell Goldhar, Executive Chairman and CEO, or Peter Slan, Chief Financial Officer, for inquiries regarding SmartCentres.
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