SmartCentres Real Estate Investment Trust (C7J1) Stock Price & Analysis
C7J1 Stock Chart & Stats
- Day’s Range
- EUR 16.50 - EUR 17.91
- 52-Week Range
- EUR 15.11 - EUR 20.00
- Previous Close
- EUR 17.23
- Volume
- 0
- Average Volume (3M)
- 21
- Market Cap
- EUR 2.94B
- Enterprise Value
- EUR 11.72B
- Total Cash (Recent Filing)
- EUR 44.89M
- Total Debt (Recent Filing)
- EUR 5.26B
- Price to Earnings (P/E)
- 29.0
- Beta
- 0.56
- Next Earnings
- Nov 04, 2026 (Est.)
- EPS Estimate
- N/A
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 6.85%
Bulls Say, Bears Say
Bulls Say
High Occupancy And Leasing
Very high occupancy and sustained leasing activity support recurring rental income and reduce vacancy risk. Re-leasing former anchor space to stronger retail and service tenants can preserve traffic and improve portfolio resilience over time.
Strong Cash Generation
Operating cash flow closely tracking free cash flow indicates strong earnings conversion and limited recurring capital-spending drag in the period. This supports distributions, property investment and ongoing liquidity, although debt remains substantial.
Development And Intensification Pipeline
An active pipeline of anchored retail and mixed-use projects provides a route to future rent growth beyond the stabilized portfolio. Low-rise formats and expected rent commencement within a year may improve capital turnover and development visibility.
Bears Say
Elevated Leverage
High leverage reduces financial flexibility and makes cash flow more sensitive to interest costs, property values and operating setbacks. It may constrain acquisitions or development spending and increase dependence on disciplined refinancing and asset management.
Refinancing Exposure
Fixed-rate debt provides meaningful protection against near-term rate movements, but the short average maturity leaves sizable refinancing needs over the medium term. Market conditions at maturity could affect interest expense, liquidity and distributable cash flow.
Profitability Compression
Declining net margins and weak returns indicate that reported earnings are less efficient than in prior periods, despite stable operating performance. Persistent compression could limit internal capital generation and reduce the REIT's ability to absorb financing or valuation pressures.
SmartCentres Real Estate Investment Trust News
C7J1 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 (C7J1) Earnings & Revenues
C7J1 Earnings Call
Earnings Call SentimentPositive
The call presented a broadly positive operational picture—strong occupancy (98.1%), solid same-property NOI growth (2.6% / 4.4% ex-anchors), meaningful leasing activity (~250k sq ft signed), high cash collections (~99%), and an active, accretive development pipeline with substantial liquidity and interest-rate protection (88% fixed). Offsetting these positives was a material fair value loss of $196.2 million tied to deferred development/density expectations, a small decline in adjusted FFO to $0.54, rising tenant receivables (seasonal but up), and a relatively high adjusted debt/EBITDA of 9.8x. On balance the operational momentum and balance-sheet liquidity were emphasized as outweighing the near-term valuation adjustments and development timing risks.
View all DE:C7J1 earnings summariesC7J1 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 15 | 5 | 2 |
| Technical Analysis | 3 | 5 | 2 |
| Moving Averages | 12 | 0 | 0 |
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