SmartCentres Real Estate Investment Trust Announces April 2025 Distribution

Author: Hannah Lewis Updated: 04-16-2025 12:15 PM

SmartCentres Declares April 2025 Distribution

In a recent announcement, SmartCentres Real Estate Investment Trust (TSX: SRU.UN) revealed that its trustees have declared a distribution of $0.15417 per unit for April 2025. This payout translates to an annualized rate of $1.85 per unit, signifying ongoing confidence in the company's robust performance. The distribution is set to be payable on May 15, 2025, for unitholders of record as of April 30, 2025.

About SmartCentres

SmartCentres stands out as one of Canada's largest and most integrated real estate investment trusts (REITs). Its impressive portfolio boasts 195 strategically located properties across the nation, reflecting its commitment to mixed-use development. The company's assets are valued at around $11.9 billion and encompass a diverse range of income-generating properties, including retail spaces, purpose-built rentals, premium office environments, and self-storage facilities.

Property Footprint

The extensive footprint of SmartCentres includes approximately 35.3 million square feet of leasable space. This outstanding portfolio achieves a remarkable 98.7% occupancy rate, reflecting strong demand and effective management. The company operates on 3,500 acres of owned land, ensuring it has a significant presence in various communities across Canada.

Commitment to Growth

SmartCentres is continually enhancing its portfolio to align with the evolving demands of consumers and businesses. By focusing on value-oriented retail and mixed-use spaces, the company is positioned to adapt to market trends. This strategic direction supports its growth and maintains its status in the competitive landscape of Canadian property investment.

Management Contacts

For inquiries regarding operations and investments, stakeholders can reach out to the executive team at SmartCentres. Key contacts include Mitchell Goldhar, Executive Chairman and CEO, available at (905) 326-6400 ext. 7674, and Peter Slan, Chief Financial Officer, readily accessible at (905) 326-6400 ext. 7571. Both executives can also be contacted via their professional emails for further communication.

Frequently Asked Questions

What is the distribution declared by SmartCentres for April 2025?

SmartCentres has declared a distribution of $0.15417 per unit for April 2025.

When will the distribution be payable?

The distribution will be payable on May 15, 2025, to unitholders on record as of April 30, 2025.

What types of properties does SmartCentres own?

SmartCentres owns a mix of retail, rental, office, and self-storage properties, among other real estate assets.

What is SmartCentres' occupancy rate?

The company boasts a high occupancy rate of 98.7% across its properties.

How can I contact SmartCentres for more information?

You can contact Mitchell Goldhar at (905) 326-6400 ext. 7674 or Peter Slan at (905) 326-6400 ext. 7571 for further inquiries.

About The Author

Hi there, I'm Hannah Lewis, a writer and financial specialist of 36 years old committed to making money understandable and approachable to everyone. Years of working in the field have given me a thorough grasp of market trends, investment techniques, and economic fundamentals. My objective is to enable people, by means of understandable, useful guidance, to take charge of their financial destiny.

I have written many articles for financial blogs over my career that simplify difficult financial ideas into understandable insights. Being financially literate is a critical ability, and I am passionate about enabling people to confidently manage their financial lives. Regardless of your level of experience, my work will help you at every stage of the investment process. I appreciate being allowed to share in your success and financial expansion.

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