TORONTO, ON--(Marketwired - July 17, 2015) - Smart Real Estate Investment Trust (formerly, Calloway Real Estate Investment Trust) ("SmartREIT") (TSX: SRU.UN) announced that the trustees of SmartREIT have declared a distribution for the month of July 2015 of CDN $0.1334 per trust unit, representing CDN $1.60 per unit on an annualized basis. Payment will be made on August 17, 2015 to unitholders of record on July 31, 2015.
About SmartREIT
SmartREIT is one of Canada's largest real estate investment trusts with an enterprise value which has now grown to approximately $8.3 billion. It owns and manages in excess of 30 million square feet in value-oriented, principally Walmart-anchored retail centres, having the strongest national and regional retailers as well as strong neighbourhood merchants. In addition, SmartREIT is a joint-venture partner in the Toronto and Montreal Premium Outlets. SmartREIT's core vision is to provide a value-oriented shopping experience to Canadian consumers and over time create high quality office environments as part of mixed use developments in urban settings.
With SmartREIT's acquisition of SmartCentres, SmartREIT has transformed into a fully integrated real estate provider. SmartREIT and SmartCentres have had a long and successful alliance, helping to provide Canadians with value-focused retail shopping centres across the country. Now, our alliance has grown even stronger, the result is a fully integrated real estate provider with expertise in planning, development, leasing, operations, and construction -- all under one roof. Our new name is a reflection of our combined capabilities: SmartREIT. For more information on SmartREIT, visit www.smartreit.ca.