SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Issues Earnings Results

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) posted its quarterly earnings data on Wednesday. The company reported C$1.01 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$220.66 million during the quarter. SmartCentres Real Estate Investment Trst had a net margin of 29.07% and a return on equity of 5.35%.

SmartCentres Real Estate Investment Trst Price Performance

Shares of SRU.UN stock traded up C$0.36 during trading hours on Wednesday, reaching C$27.64. 424,223 shares of the company were exchanged, compared to its average volume of 332,585. SmartCentres Real Estate Investment Trst has a fifty-two week low of C$25.01 and a fifty-two week high of C$30.90. The stock’s fifty day moving average is C$26.93 and its two-hundred day moving average is C$28.02. The company has a market cap of C$4.71 billion, a price-to-earnings ratio of 29.99 and a beta of 0.76. The company has a debt-to-equity ratio of 80.88, a current ratio of 0.17 and a quick ratio of 0.10.

SmartCentres Real Estate Investment Trst Company Profile

SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 200 strategically located properties in communities across the country. SmartCentres has approximately $12.3 billion in assets consisting of income producing value-oriented retail, purpose-built rental, first-class office and self-storage properties. SmartCentres owns 35.5 million square feet of leasable space with 97.6% in place and committed occupancy, on 3,500 acres of owned land across Canada.