SmartCentres Real Estate Investment Trust stock analysis
SmartCentres Real Estate Investment Trust (CWYUF) Stock Price & Analysis
CWYUF Stock Chart & Stats
- Day’s Range
- $19.76 - $19.80
- 52-Week Range
- $17.16 - $22.55
- Previous Close
- $19.47
- Volume
- N/A
- Average Volume (3M)
- 66.66K
- Market Cap
- $3.31B
- Enterprise Value
- $11.72B
- Total Cash (Recent Filing)
- $37.19M
- Total Debt (Recent Filing)
- $5.29B
- Price to Earnings (P/E)
- 20.2
- Beta
- 0.21
- Next Earnings
- Feb 17, 2027 (Est.)
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- Oct 30, 2026
- Dividend Yield
- 6.75%
Bulls Say, Bears Say
Bulls Say
High Occupancy And Tenant Retention
Very high occupancy and retention support dependable rental income and reduce near-term leasing risk. They also indicate that SmartCentres’ retail locations remain relevant to tenants, helping preserve cash flows and providing a durable base for future rent growth.
Strong Cash Generation
Operating and free cash flow remain closely aligned, indicating strong conversion of reported earnings into cash. This supports distributions, property investment and debt service, while giving the trust internally generated resources to manage its portfolio through changing operating conditions.
Pre-leased Development Pipeline
A pre-leased development model can reduce lease-up uncertainty and accelerate the transition of new projects into income-producing assets. Long-term leases and contractual rent increases could expand recurring revenue while SmartCentres intensifies existing sites.
Bears Say
Meaningful Leverage
Leverage at this level limits financial flexibility and makes the trust more dependent on stable property cash flows and successful asset dispositions. Higher debt also restricts capacity to fund development or absorb operating weakness without increasing balance-sheet pressure.
Declining Revenue And Margins
The sharp TTM slowdown and lower profitability weaken confidence in near-term earnings momentum despite positive net income. If sustained, weaker margins could reduce retained cash available for reinvestment, debt reduction and maintaining distributions over the next several quarters.
Higher Interest Expense Reduced FFO
Lower FFO per unit shows that financing costs are already weighing on distributable earnings. Continued interest pressure could constrain coverage of the distribution and leave less cash for deleveraging or development, particularly while the trust carries meaningful debt.
SmartCentres Real Estate Investment Trust News
CWYUF FAQ
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SmartCentres Real Estate Investment Trust Stock Smart Score
Company Description
SmartCentres Real Estate Investment Trust
SmartCentres Real Estate Investment Trust (SRU-UN.TO) holds a prominent position as a fully integrated real estate investment trust in Canada. Its distinguished portfolio encompasses 166 strategically located properties throughout the country. The Trust oversees approximately $10.4 billion in total assets, including 33.8 million square feet of revenue-generating, value-focused retail space that maintains an impressive 97.4% occupancy rate across its 3,500 acres of landholdings nationwide. SmartCentres is dedicated to enriching Canadian lifestyles by designing and executing comprehensive, interconnected, mixed-use communities on its existing retail sites. A substantial intensification initiative has been publicly announced, valued at $11.9 billion, with SmartCentres' share being $5.4 billion. This ambitious undertaking, anticipated to begin construction within the next five years, constitutes the REIT's primary development objective. Its aim is to fundamentally transform Canadian urban and suburban environments, evolving traditional shopping centers into vibrant, integrated city hubs. Under this expansive program, SmartCentres plans to develop a variety of property types: residential units such as rental apartments, condominiums, and seniors' residences, along with hotels, all marketed under the SmartLiving brand. Concurrently, new retail, office, and storage facilities will be developed under the SmartCentres banner. This expansion is forecasted to generate an additional 59.3 million square feet of space (of which SmartCentres' share is 27.9 million square feet). Notably, 27.1 million square feet (representing 12.3 million square feet attributable to SmartCentres) is either already under construction or scheduled to commence within the upcoming five years. A significant element of this development strategy is the Trust's involvement in SmartVMC, a substantial mixed-use development in Vaughan, Ontario, which is projected to comprise roughly 11.0 million square feet upon its completion. Within SmartVMC, the construction of the initial five sold-out phases of the Transit City Condominiums, totaling 2,789 residential units, is advancing steadily. The final closings for the first two phases, encompassing 1,110 units, commenced in August 2020, exceeding expectations by being ahead of both budget and schedule. By September 30, 2020, 766 of these units had been closed, with the remaining units expected to be finalized by the close of that year. Furthermore, the presold 631 units in the third phase, along with 22 townhomes—all of which are sold out and currently under construction—are slated for closing in 2021. The fourth and fifth phases, also fully sold out and together amounting to 1,026 units, are presently under construction and are projected to close in 2023.
- Sector
- Realestate
- Industry
- REIT - Retail
- CEO
- Mitchell Goldhar
- Employees
- 342
- Website
- www.smartcentres.com
- Address
- 3200 Highway 7, Vaughan, ON, L4K 5Z5, CA
SmartCentres Real Estate Investment Trust (CWYUF) Earnings & Revenues
CWYUF Earnings Call
Earnings Call SentimentPositive
The call was predominantly positive, supported by strong occupancy, tenant retention, rental growth, leasing activity, same-property NOI growth, cash collections, development progress, liquidity and capital-recycling opportunities. The main negatives were lower FFO per unit, higher interest expense, modestly higher leverage, a relatively short debt maturity profile and the cancellation of the Park Place condominium project. Highlights significantly outweighed the lowlights.
View all CWYUF earnings summariesCWYUF Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 16 | 4 | 2 |
| Technical Analysis | 4 | 4 | 2 |
| Moving Averages | 12 | 0 | 0 |
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