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SmartCentres Real Estate Investment Trust T.SRU.UN

Alternate Symbol(s):  CWYUF

Metals & Mining Industrial Metals & Minerals
SmartCentres Real Estate Investment Trust (the Trust) is a Canada-based fully integrated real estate investment trust. The Trust develops, leases, constructs, owns and manages shopping centers, office buildings, high-rise and low-rise condominiums and rental residences, seniors’ housing, townhome units, self-storage rental facilities, and industrial facilities in Canada. It is focused on development, ownership, management and operation of investment properties located in Canada. The Trust portfolio features approximately 191 strategically located properties in communities across the country. The Trust’s subsidiaries include Smart Limited Partnership, Smart Limited Partnership II, Smart Limited Partnership III, Smart Limited Partnership IV, Smart Oshawa South Limited Partnership, Smart Oshawa Taunton Limited Partnership, Smart Boxgrove Limited Partnership, ONR Limited Partnership, ONR Limited Partnership I, and SmartVMC West Limited Partnership.


TSX:SRU.UN - Post by User

SmartCentres Real Estate Investment Trust > Results look fine
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Comment by logicandinertiaon Nov 12, 2020 7:08am
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Post# 31883512

RE:RE:Results look fine

RE:RE:Results look fine

Generally agree but don't agree that bearishness on retail is "unsubstantiated".  A number of brick and mortar retailers were already in trouble prior to Covid and are in even worse shape now.  Sru has bankrupt customers.  And this has and will continue to impact cap rates and lease rates, but this will vary on locations and tenant list.   SRU is anchored by grocers, and serves some of the densest population areas in the country.  Immigration just exacerbates this, meaning new candidates to replace struggling ones are easier to find.  I worry about those exposed to enclosed malls (sru has 0 exposure)

so while i am leery of retail REITs, I think sru has sufficient differentiation to continue its distribution and enjoy the benefits of the mixed development platform it has pioneered , driving up value over time.

good luck. 

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