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Bullboard - Stock Discussion Forum 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... see more

TSX:SRU.UN - Post Discussion

SmartCentres Real Estate Investment Trust > Construction debt looks like 7%+
View:
Post by spacegimp on Mar 06, 2024 4:01pm

Construction debt looks like 7%+

And it's quite large and ongoing . With payout ratio now over 100% I would feel more comfortable buying this a bit lower , maybe 10% yield range . The risk is the residential property market rolling over and commercial real estate vacant development lands staying suppressed in price as they look to pay down some debt
Comment by spacegimp on Mar 11, 2024 12:46am
I geuss they are hoping to sell a large chunk of development/vacant lands to bring debt under control as they advance various projects . If not much progress on those sales then you must consider they will be paying an extra $60 million interest on debt this year(1%+ interest adjustment ) ,  more TRS payments to lock in future debt(of the $2 billion rolling) , not much condo sales ...more  
SmartCentres Real Estate Investment Trust
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