SmartCentres Announces January 2025 Distribution Plan
SmartCentres Real Estate Investment Trust Distribution Announcement
SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX: SRU.UN), recognized as one of Canada’s leading real estate investment trusts, proudly declares its distribution for January 2025. This announcement reflects the trust's strength and strategy in the real estate sector.
Details of the January Distribution
The trustees of SmartCentres have announced a distribution of $0.15417 per unit for January 2025, which translates to an impressive annualized rate of $1.85 per unit. This distribution showcases SmartCentres' ongoing commitment to its unitholders. The distribution is scheduled for payment on February 17, 2025, to unitholders recorded as of January 31, 2025.
SmartCentres' Strategic Portfolio
SmartCentres operates a vast and integrated portfolio that includes 195 strategically placed properties across Canada. This comprehensive mixed-use portfolio underlines SmartCentres as a key player in the real estate market. The trust boasts approximately $11.9 billion in assets, encompassing 35.3 million square feet of value-oriented retail spaces and top-tier office properties.
Occupancy and Growth
One of SmartCentres' notable achievements is its outstanding occupancy rate of 98.5%. This figure not only emphasizes the popularity of its properties but also reflects the trust's effective management strategies. The portfolio spans an impressive 3,500 acres of owned land across various Canadian communities, marking SmartCentres as a leader in the mixed-use real estate market.
Contacts for More Information
For further inquiries regarding this recent announcement or general inquiries about SmartCentres, you may get in touch with their leadership team:
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 declared distribution for January 2025?
The distribution is set at $0.15417 per unit, which annualizes to $1.85 per unit.
When will the distribution be paid?
The distribution will be paid on February 17, 2025, to unitholders recorded as of January 31, 2025.
How many properties does SmartCentres operate?
SmartCentres operates a portfolio of 195 strategically located properties across Canada.
What is SmartCentres' occupancy rate?
SmartCentres boasts an occupancy rate of 98.5%, indicating strong demand for its properties.
Who should I contact for more information?
You can reach out to Mitchell Goldhar, Executive Chairman and CEO, or Peter Slan, Chief Financial Officer, for inquiries related to SmartCentres.
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