SmartCentres REIT is Canada’s largest developer and operator of unenclosed shopping centers. It engages in the acquisition, asset management, planning, development, leasing, operations, property management and construction of properties.
SmartCentres’ growing platform includes value-oriented unenclosed shopping centers and destination outlets. The REIT currently has 3,100 tenants and 34 million square feet of leasable space available across 150 locations across Canada.
SmartCentres has long enjoyed a reputation for consistent performance, making it one of Canada’s premier real estate investment trusts. Over the years, SmartCentres has developed a strong focus on retail development and operation. Its expertise has grown to include a variety of urban, mixed-use, residential and industrial developments, including a number of master planned communities.
Stock Chart & Metrics
- Ticker: TSE:SRU.UN
- Sector: Real Estate
- Industry: REIT - Retail
- Market Cap: 3.31B
- Market Cap Group: Mid Cap
- P/E: 8.53
- Dividend Yield: 8.07%
- Grade: D
- Dividend Aristocrat: YES
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
- Dividend Growth Fit: 2/10
- Dividend Income Fit: 5/10
Competitors
The competitive landscape is important as they compete for the same business. Below is the list of competitors in the same industry. While not displayed, a number of metrics you can also use to evaluate your picks are the Chowder Score, the Relative Strength Index (RSI), the Graham Number, and the Piotroski F-Score.
| Ticker | Ticker | Company | Market Cap | P/E | Yield | Aristocrat | Graph | SectorID | IndustryID |
|---|---|---|---|---|---|---|---|---|---|
| SPG | NYSE:SPG | Simon Property Group Inc. | 39.42 | 18.55 | 6.29 | NO | 1 | 10 | 84 |
| O | NYSE:O | Realty Income Corporation | 39.03 | 40.92 | 5.70 | YES | 1 | 10 | 84 |
| FRT | NYSE:FRT | Federal Realty Investment Trust | 7.52 | 26.85 | 4.73 | YES | 1 | 10 | 84 |
| REI.UN | TSE:REI.UN | RioCan | 5.28 | 34.91 | 6.14 | NO | 1 | 10 | 84 |
| CHP.UN | TSE:CHP.UN | Choice Properties REIT | 4.32 | 14.37 | 5.69 | NO | 1 | 10 | 84 |
| SRU.UN | TSE:SRU.UN | SmartCentres REIT | 3.31 | 8.53 | 8.07 | YES | 1 | 10 | 84 |
| FCR.UN | TSE:FCR.UN | First Capital REIT | 2.93 | 0.00 | 6.27 | NO | 1 | 10 | 84 |
| CRT.UN | TSE:CRT.UN | CT REIT | 1.49 | 36.78 | 6.53 | YES | 1 | 10 | 84 |
| PMZ.UN | TSE:PMZ.UN | Primaris REIT | 1.27 | 20.93 | 6.15 | NO | 1 | 10 | 84 |
| SGR.UN | TSE:SGR.UN | Slate Grocery REIT | 0.64 | 18.38 | 11.12 | NO | 1 | 10 | 84 |
| PLZ.UN | TSE:PLZ.UN | Plaza Retail REIT | 0.39 | 9.84 | 7.98 | NO | 1 | 10 | 84 |
Top Picks by Bay Street Experts
Expert stock analysts have shared their opinions, and sometimes prediction, on the company.
For more top picks from stock analysts on Bay Street, check the full list of top picks by expect stock analysts from investment and asset management firms.
Not all analysts are equal and they don't cover the same type of stocks. The analysts performance and ownership is tracked for comparison.
SmartCentres REIT - FAQ
What is the stock ticker for SmartCentres REIT?
The stock ticker for SmartCentres REIT is TSE:SRU.UN.
Is SmartCentres REIT a good stock to buy?
You need to consider your investment strategy and how TSE:SRU.UN can fit in your portfolio.
The current dividend income score of 5/10 and dividend growth score of 2/10. Those 2 metrics together should help you decide the fit for your portfolio. Be it for income or for growth.
Is SmartCentres REIT a Buy, Sell or Hold?
The Dividend Snapshot Opportunity Score of 38 out of 100.
The score reflects the strength of a buy signal but it does not show a sell signal if it's low. The higher the better.
A sell signal is more difficult as it often relies on the reason you bought the stock in the first place.
How can I buy stocks for SmartCentres REIT?
You can easily buy the SRU.UN stock with an online trading platform.
Just make sure the stock fits your risk profile and investment goals.