Smartcentres Real Estate Investment Trust Releases Third Quarter Results For 2024
Smartcentres Real Estate Investment Trust Releases Third Quarter Results For 2024 . (MENAFN - GlobeNewsWire - Nasdaq) TORONTO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (–SmartCentres–, the–Trust– or the–REIT–) (TSX: SRU.UN) is pleased to report ...
América - MenaFN
(MENAFN- GlobeNewsWire - Nasdaq) TORONTO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- SmartCentres Trust (“SmartCentres”, the“Trust” or the“REIT”) (TSX: SRU.UN) is pleased to report its and operating results for the quarter ended September 30, 2024. “Building on a successful first half of the year, retail fundamentals are outperforming, driven by strong momentum in leasing demand and executed lease deals for both existing space and for new build space,” said Mitchell Goldhar, CEO of SmartCentres.“We are seeing it in the higher quality of our income, strong same property NOI and higher spreads on lease extensions. We renewed and extended lease maturities in 2024 at strong rental growth rates of 6.1%, or 8.9%, excluding anchors. In-place and committed occupancy has increased again this quarter to an industry leading 98.5%, with approximately 187,000 square feet of vacant space leased during the quarter. We expect to continue delivering solid rental growth and strong occupancy levels for the balance of the year. The Millway, our new purpose-built rental project in the VMC, continues to experience strong leasing momentum with 93% occupancy at the end of the quarter, which is expected to exceed 95% by year-end, at rental rates above budget. Our mixed-use development pipeline continues to add to the bottom-line with the closing of 47 townhomes at our Vaughan NW project. Finally, we secured and closed on a construction facility of $135.0 million to finance our 224,000 square foot Canadian Tire anchored retail project on Laird Drive in Toronto which will provide additional income once completed in approximately 18 months.” 2024 Third Quarter Highlights Retail Operations

Same Properties NOI excluding Anchors(1) for the three months ended September 30, 2024 increased by 8.2% (4.9% including anchors) compared to the same period in 2023.

Leasing momentum has strengthened further, with approximately 187,000 square feet of vacant space leased during the quarter, resulting in an in-place and executed for future occupancy rate of 98.5%, an improvement of 30 basis points compared to the prior quarter.

New build retail leasing also reflects strong momentum with over 220,000 square feet executed year-to-date. Renewed and extended 88.1% of all leases maturing in 2024, with strong rental growth of 8.9% (excluding anchors). Development

A significant development pipeline will provide long-term portfolio expansion and profitable growth from the approximately 58 million square feet (at the Trust's share) of zoned mixed-use development permissions, including 0.8 million square feet of sites currently under construction. In addition to growth, this on-site development pipeline enhances our operating shopping centres while fulfilling our vision of creating whole communities.

The Millway, a 458-unit purpose-built rental apartment building located in VMC, was completed in Q4 2023. Leasing activity is on track with 93% of the units leased and committed by quarter-end, at average rental rates above budget. Leased and reserved units are expected to exceed 95% by year-end from continuing strong leasing momentum.

Siteworks and excavation are now complete at ArtWalk condo Phase I and construction is advancing, with approximately 93% of the 340 units in Tower A pre-sold.

Construction of Phase I of the Vaughan NW townhomes is progressing well, with 47 units completed and closed in Q3 2024. As at September 30, 2024, approximately 83% of the 120 units in Phase I have been pre-sold.

Siteworks for the 224,000 square foot Canadian Tire and ancillary retail units project on Laird Drive in Toronto continues, and possession is expected in approximately 18 months. Construction of the self-storage facility in Stoney Creek is nearing completion with opening expected in Q4 2024. Three other self-storage facilities are under construction and on schedule to open in 2025. Financial

Net rental income and other increased by $11.6 million or 8.9% for the three months ended September 30, 2024 compared to the same period in 2023, primarily due to lease-up activities and increase in residential closing revenue from townhome sales.

FFO per Unit(1) for the three months ended September 30, 2024, was $0.71 compared to $0.55 for the same period in 2023. This increase was primarily due to an increase in the fair value adjustment on the TRS resulting from fluctuations in the Trust's Unit price. FFO per Unit with adjustments(1) for the three months ended September 30, 2024, was $0.53 compared to $0.54 for the same period in 2023. The decrease was primarily attributed to higher interest rates and lower interest capitalization following the completion of development projects compared to the prior year period, partially offset by increased net rental income driven by lease-up activities for retail properties, self-storage facilities and apartment rentals.

Net income and comprehensive income per Unit was $0.23 for the three months ended September 30, 2024 (three months ended September 30, 2023 – $1.19). The decrease was mainly driven by a decrease in fair value adjustments on revaluation of properties due to updated valuation parameters and leasing activities in the prior year period, and a decrease in the fair value adjustment on financial instruments due to mark-to-market adjustments for interest rate swap agreements and a fair value change in units classified as liabilities due to fluctuation in the unit price.

In August 2024, the Trust issued $350.0 million principal amount of Series AA senior unsecured debentures by way of a private placement (the“Series AA Debentures”). The Series AA Debentures bear interest at a rate of 5.162% per annum, with a maturity date of August 1, 2030. The Trust used the proceeds from the Series AA Debentures primarily to repay the $100.0 million aggregate principal of Series O senior unsecured debentures in full upon their maturity, and the outstanding floating rate debt on its operating lines. In September 2024, the Trust entered into a construction facility for the project on Laird Drive, Toronto, totaling $135.0 million. The facility bears interest at Adjusted CORRA plus 1.45%, with a maturity date of September 27, 2027. As at September 30, 2024, the facility was undrawn.

(1) Represents a non-GAAP measure. The Trust's method of calculating non-GAAP measures may differ from other reporting issuers' methods and, accordingly, may not be comparable. For additional information, please see“Non-GAAP Measures” in this Press Release.

Selected Consolidated Operational, Mixed-Use Development and Financial Information

(in thousands of dollars, except per Unit and other non-financial data) As at September 30, 2024 December 31, 2023 September 30, 2023 Portfolio Information (Number of properties) Retail properties 155 155 155 Office properties 4 4 4 Self-storage properties 10 8 8 Residential properties 3 3 2 Industrial properties 1 1 1 Properties under development 22 20 20 Total number of properties with an ownership interest 195 191 190 Leasing and Operational Information (1) Gross leasable retail, office and industrial area (in thousands of sq. ft.) 35,282 35,045 35,033 In-place and committed occupancy rate 98.5 % 98.5 % 98.5 % Average lease term to maturity (in years) 4.3 4.3 4.3 In-place net retail rental rate excluding Anchors (per occupied sq. ft.) $ 23.13 $22.59 $22.43 Financial Information Investment properties(2) 10,606,288 10,564,269 10,518,429 Total unencumbered assets(3) 9,366,921 9,170,121 9,067,121 Debt to Aggregate Assets(3)(4)(5) 43.6 % 43.1 % 43.0 % Adjusted Debt to Adjusted EBITDA(3)(4)(5) 9.8X 9.6X 9.7X Weighted average interest rate(3)(4) 4.09 % 4.15 % 4.13 % Weighted average term of debt (in years) 3.2 3.6 3.7 Interest coverage ratio(3)(4) 2.4X 2.7X 2.8X Three Months Ended September 30



Nine Months Ended September 30 2024 2023 2024 2023 Financial Information Rentals from investment properties and other(2) 243,326 206,016 688,616 623,560 Net income and comprehensive income (2) 42,479 215,175 150,220 495,938 FFO(3)(4)(6) 128,174 98,405 305,911 294,072 AFFO(3)(4)(6) 109,619 85,788 274,392 262,237 Cash flows provided by operating activities(2) 105,380 93,855 252,090 237,108 Net rental income and other(2) 141,978 130,402 405,928 385,110 NOI(3)(4) 148,785 143,834 423,922 424,407 Change in SPNOI(3)(4) 4.9 % 1.9 % 2.4 % 3.2 % Weighted average number of units outstanding – diluted(7) 180,858,726 180,069,508 180,602,179 180,002,762 Net income and comprehensive income per Unit(2) $0.24/$0.23 $1.21/$1.19 $0.84/$0.83 $2.78/$2.76 FFO per Unit(3)(4)(6) $0.72/$0.71 $0.55/$0.55 $1.72/$1.69 $1.65/$1.64 FFO with adjustments per Unit(3)(4) $0.54/$0.53 $0.54/$0.54 $1.58/$1.56 $1.60/$1.59 AFFO per Unit(3)(4)(6) $0.61/$0.61 $0.48/$0.48 $1.54/$1.52 $1.47/$1.46 AFFO with adjustments per Unit(3)(4) $0.44/$0.43 $0.47/$0.47 $1.40/$1.39 $1.42/$1.41 Payout Ratio to AFFO(3)(4)(6) 75.2 % 96.1 % 90.1 % 94.3 % Payout Ratio to AFFO with adjustments(3)(4) 105.9 % 97.7 % 98.8 % 97.6 % Payout Ratio to cash flows provided by operating activities 78.2 % 87.8 % 98.1 % 104.3 %





(1) Excluding residential and self-storage area. (2) Represents a Generally Accepted Accounting Principles (“GAAP”) measure. (3) Represents a non-GAAP measure. The Trust's method of calculating non-GAAP measures may differ from other reporting issuers' methods and, accordingly, may not be comparable. For additional information, please see“Non-GAAP Measures” in this Press Release. (4) Includes the Trust's proportionate share of equity accounted investments. (5) As at September 30, 2024, cash-on-hand of $31.4 million was excluded for the purposes of calculating the applicable ratios (December 31, 2023 – $31.4 million, September 30, 2023 – $45.3 million). (6) The calculation of the Trust's FFO and AFFO and related payout ratios, including comparative amounts, are financial metrics that were determined based on the REALpac White Paper on FFO and AFFO issued in January 2022 (“REALpac White Paper”). Comparison with other reporting issuers may not be appropriate. The payout ratio to AFFO is calculated as declared distributions divided by AFFO. (7) The diluted weighted average includes the vested portion of the deferred issued pursuant to the deferred unit plan and vested EIPs granted pursuant to the equity incentive plan.

Development and Intensification Summary

The following table provides additional details on the Trust's 8 development initiatives that are currently under construction or where initial siteworks have begun (in order of estimated initial occupancy/closing date):

Projects under construction (Location/Project Name) Type Trust's share Actual / estimated initial occupancy / closing date % of capital spend GFA (1)

(sq. ft.) No.

of units Mixed-use Developments Vaughan NW Townhomes 50 % Q1 2024 59 % 366,000 174 Stoney Creek Self-Storage Self-Storage 50 % Q4 2024 83 % 138,000 973 Toronto (Gilbert Ave.) Self-Storage Self-Storage 50 % Q1 2025 70 % 177,000 1,540 Dorval (St-Regis Blvd.) Self-Storage Self-Storage 50 % Q2 2025 56 % 164,000 1,165 Toronto (Jane St.) Self-Storage Self-Storage 50 % Q3 2025 68 % 143,000 1,404 Ottawa SW Residential apartments 50 % Q4 2026 29 % 376,000 402 Vaughan / ArtWalk Condo 50 % Q2 2027 35 % 295,000 340 Total Mixed-use Developments 1,659,000 5,998 Retail Development Toronto (Laird) Retail 50 % Q2 2026 31 % 224,000 -





(1) GFA represents Gross Floor Area.

Reconciliations of Non-GAAP Measures

The following tables reconcile the non-GAAP measures to the most comparable GAAP measures for the three and nine months ended September 30, 2024, and the comparable period in 2023. Such measures do not have a standardized meaning prescribed by IFRS and may not be comparable to similar measures disclosed by other issuers.

Net Operating Income (including the Trust's Interests in Equity Accounted Investments)

(in thousands of dollars) Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 GAAP Basis Proportionate Share Reconciliation Total Proportionate Share (1) GAAP Basis Proportionate Share Reconciliation Total Proportionate Share(1) Net rental income and other Rentals from investment properties and other $ 211,737 $ 12,001 $ 223,738 $206,016 $9,580 $215,596 Property operating costs and other (75,763 ) (5,188 ) (80,951 ) (74,551) (4,397) (78,948) $ 135,974 $ 6,813 $ 142,787 $131,465 $5,183 $136,648 Residential sales revenue and other(2) 31,589 16 31,605 - 37,934 37,934 Residential cost of sales and other (25,585 ) (22 ) (25,607 ) (1,063) (29,685) (30,748) $ 6,004 $ (6 ) $ 5,998 $(1,063) $8,249 $7,186 NOI $ 141,978 $ 6,807 $ 148,785 $130,402 $13,432 $143,834





(in thousands of dollars) Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 GAAP Basis Proportionate Share Reconciliation Total Proportionate Share (1) GAAP Basis Proportionate Share Reconciliation Total Proportionate Share(1) Net rental income and other Rentals from investment properties and other $ 638,755 $ 34,195 $ 672,950 $623,560 $26,105 $649,665 Property operating costs and other (241,384 ) (16,073 ) (257,457 ) (235,074) (12,680) (247,754) $ 397,371 $ 18,122 $ 415,493 $388,486 $13,425 $401,911 Residential sales revenue and other(2) 49,861 82 49,943 - 125,401 125,401 Residential cost of sales and other (41,304 ) (210 ) (41,514 ) (3,376) (99,529) (102,905) $ 8,557 $ (128 ) $ 8,429 $(3,376) $25,872 $22,496 NOI $ 405,928 $ 17,994 $ 423,922 $385,110 $39,297 $424,407





(1) This column contains non-GAAP measures because it includes figures that are recorded in equity accounted investments. The Trust's method of calculating non-GAAP measures may differ from other reporting issuers' methods and, accordingly, may not be comparable. For additional information, please see“Non-GAAP Measures” in this Press Release. (2) Includes additional partnership profit and other revenues.

Same Properties NOI

Three Months Ended

Nine Months Ended (in thousands of dollars) September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 Net rental income and other $ 141,978 $130,402 $ 405,928 $385,110 NOI from equity accounted investments(1) 6,807 13,432 17,994 39,297 Total portfolio NOI before adjustments(1) $ 148,785 $143,834 $ 423,922 $424,407 Adjustments: Lease termination (476 ) (230) (1,068 ) (691) Net profit on condo and townhome closings (5,998 ) (7,186) (8,429 ) (22,496) Non-recurring items and other adjustments(2) 1,431 646 4,024 2,723 Total portfolio NOI after adjustments(1) $ 143,742 $137,064 $ 418,449 $403,943 NOI sourced from acquisitions, dispositions, Earnouts and developments (3,284 ) (3,172) (8,065 ) (3,065) Same Properties NOI (1) $ 140,458 $133,892 $ 410,384 $400,878





(1) Represents a non-GAAP measure. The Trust's method of calculating non-GAAP measures may differ from other reporting issuers' methods and, accordingly, may not be comparable. For additional information, please see“Non-GAAP Measures” in this Press Release. (2) Includes non-recurring items such as one-time adjustments relating to royalties, straight-line rent and amortization of tenant incentives.

Reconciliation of FFO

Three Months Ended September 30

Nine Months Ended September 30 (in thousands of dollars) 2024 2023 2024 2023 Net income and comprehensive income $ 42,479 $215,175 $ 150,220 $495,938 Add (deduct): Fair value adjustment on investment properties and financial instruments(1) 49,217 (67,063) 113,054 (157,989) Gain (loss) on derivative – TRS 25,815 (5,482) 15,672 (13,519) Gain (loss) on sale of investment properties (22 ) - 120 23 Amortization of intangible assets and tenant improvement allowance 2,384 2,085 6,821 6,730 Distributions on Units classified as liabilities and vested deferred units and EIP 4,844 2,172 14,218 6,321 Salaries and related costs attributed to leasing activities(2) 2,562 1,776 7,270 5,810 Adjustments relating to equity accounted investments(3) 895 (50,258) (1,464 ) (49,242) FFO (4) $ 128,174 $98,405 $ 305,911 $294,072 Add (deduct) non-recurring adjustments: Gain (loss) on derivative – TRS (25,815 ) 5,482 (15,672 ) 13,519 FFO sourced from condo and townhome closings (6,004 ) (6,918) (8,557 ) (21,354) Transactional FFO – loss on sale of land to co-owner - - - (1,008) FFO with adjustments (4) $ 96,355 $96,969 $ 281,682 $285,229





(1) Includes fair value adjustments on investment properties and financial instruments. Fair value adjustment on investment properties is described in“Investment Properties” in the Trust's MD&A. Fair value adjustment on financial instruments comprises the following financial instruments: units classified as liabilities, Deferred Unit Plan (“DUP”), Equity Incentive Plan (“EIP”), TRS, and interest rate swap agreements. The significant assumptions made in determining the fair value are more thoroughly described in the Trust's unaudited interim condensed consolidated financial statements for the three and nine months ended September 30, 2024. For details, please see discussion in“Results of Operations” section in the Trust's MD&A. (2) Salaries and related costs attributed to leasing activities of $7.3 million were incurred in the nine months ended September 30, 2024 (nine months ended September 30, 2023 – $5.8 million) and were eligible to be added back to FFO based on the definition of FFO, in the REALpac White Paper, which provided for an adjustment to incremental leasing expenses for the cost of salaried staff. This adjustment to FFO results in more comparability between Canadian publicly traded real estate entities that expensed their internal leasing departments and those that capitalized external leasing expenses. (3) Includes tenant improvement amortization, indirect interest with respect to the development portion, fair value adjustment on investment properties, loss (gain) on sale of investment properties, and adjustment for supplemental costs. (4) Represents a non-GAAP measure. The Trust's method of calculating non-GAAP measures may differ from other reporting issuers' methods and, accordingly, may not be comparable. For definitions and basis of presentation of the Trust's non-GAAP measures, refer to“Presentation of Certain Terms Including Non-GAAP Measures” and“Non-GAAP Measures” in the Trust's MD&A.

Reconciliation of AFFO

Three Months Ended September 30

Nine Months Ended September 30 (in thousands of dollars) 2024 2023 2024 2023 FFO (1) $ 128,174 $98,405 $ 305,911 $294,072 Add (Deduct): Straight-line rents (1,154 ) (410) (2,854 ) (211) Adjusted salaries and related costs attributed to leasing (2,562 ) (1,776) (7,270 ) (5,810) Capital expenditures, leasing commissions, and tenant improvements (14,839 ) (10,431) (21,395 ) (25,814) AFFO (1) $ 109,619 $85,788 $ 274,392 $262,237 Add (deduct) non-recurring adjustments: Gain (loss) on derivative – TRS (25,815 ) 5,482 (15,672 ) 13,519 FFO sourced from condo and townhome closings (6,004 ) (6,918) (8,557 ) (21,354) Transactional FFO – loss on sale of land to co-owner - - - (1,008) AFFO with adjustments (1) $ 77,800 $84,352 $ 250,163 $253,394





(1) Represents a non-GAAP measure. The Trust's method of calculating non-GAAP measures may differ from other reporting issuers' methods and, accordingly, may not be comparable. For additional information, please see“Non-GAAP Measures” in this Press Release.

Adjusted EBITDA

The following table presents a reconciliation of net income and comprehensive income to Adjusted EBITDA:

Rolling 12 Months Ended (in thousands of dollars) September 30, 2024 September 30, 2023 Net income and comprehensive income $ 164,385 $596,309 Add (deduct) the following items: Net interest expense 186,607 151,810 Amortization of equipment, intangible assets and tenant improvements 12,069 11,367 Fair value adjustments on investment properties and financial instruments 170,039 (236,093) Adjustment for supplemental costs 3,770 5,212 Loss (gain) on sale of investment properties 53 (509) Adjusted EBITDA (1) $ 536,923 $528,096





(1) Represents a non-GAAP measure. The Trust's method of calculating non-GAAP measures may differ from other reporting issuers' methods and, accordingly, may not be comparable. For additional information, please see“Non-GAAP Measures” in this Press Release.

Conference Call

Management will hold a conference call on Thursday, November 14, 2024 at 3:00 p.m. (ET).

Interested parties are invited to access the call by dialing 1-855-353-9183 and then keying in the participant access code 86332#.

A recording of this call will be made available Thursday, November 14, 2024 through to Thursday, November 21, 2024. To access the recording, please call 1-855-201-2300, enter the conference access code 86332# and then key in the playback access code 0114619#.

About SmartCentres

SmartCentres is one of Canada's largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 195 strategically located properties in communities across the country. SmartCentres has approximately $11.9 billion in assets and owns 35.3 million square feet of income producing value-oriented retail and first-class office properties with 98.5% in place and committed occupancy, on 3,500 acres of owned land across Canada.

Non-GAAP Measures

The non-GAAP measures used in this Press Release, including but not limited to, AFFO, AFFO with adjustments, AFFO per Unit, AFFO with adjustments per Unit, Payout Ratio to AFFO, Payout Ratio to AFFO with adjustments, Unencumbered Assets, NOI, Debt to Aggregate Assets, Interest Coverage Ratio, Adjusted Debt to Adjusted EBITDA, Unsecured/Secured Debt Ratio, FFO, FFO with adjustments, FFO per Unit, FFO with adjustments per Unit, Same Properties NOI, Same Properties NOI excluding Anchors, Debt to Gross Book Value, Weighted Average Interest Rate, Transactional FFO, and Total Proportionate Share, do not have any standardized meaning prescribed by International Financial Reporting Standards (“IFRS”) and are therefore unlikely to be comparable to similar measures presented by other issuers. Additional information regarding these non-GAAP measures is available in the Management's Discussion and Analysis of the Trust for the three and nine months ended September 30, 2024, dated November 13, 2024 (the“MD&A), and is incorporated by reference. The information is found in the“Presentation of Certain Terms Including Non-GAAP Measures” and“Non-GAAP Measures” sections of the MD&A, which is available on SEDAR+ at . Reconciliations of non-GAAP financial measures to the most directly comparable IFRS measures are found in“Reconciliations of Non-GAAP Measures” of this Press Release.

Full reports of the financial results of the Trust for the three and nine months ended September 30, 2024 are outlined in the unaudited interim condensed consolidated financial statements and the related MD&A of the Trust for the three and nine months ended September 30, 2024, which are available on SEDAR+ at .

Cautionary Statements Regarding Forward-looking Statements

Certain statements in this Press Release are "forward-looking statements" that reflect management's expectations regarding the Trust's future growth, results of operations, performance and business prospects and opportunities. More specifically, certain statements including, but not limited to, statements related to SmartCentres' expectations relating to cash collections, SmartCentres' expected or planned development plans and joint venture projects, including the described type, scope, costs and other financial metrics and the expected timing of construction and condo closings and statements that contain words such as "could", "should", "can", "anticipate", "expect", "believe", "will", "may" and similar expressions and statements relating to matters that are not historical facts, constitute "forward-looking statements". These forward-looking statements are presented for the purpose of assisting the Trust's Unitholders and financial analysts in understanding the Trust's operating environment and may not be appropriate for other purposes. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management.

However, such forward-looking statements involve significant risks and uncertainties. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including risks associated with potential acquisitions not being completed or not being completed on the contemplated terms, public health crises, real property ownership and development, debt and equity financing for development, interest and financing costs, construction and development risks, and the ability to obtain commercial and municipal consents for development. These risks and others are more fully discussed under the heading“Risks and Uncertainties” and elsewhere in SmartCentres' most recent Management's Discussion and Analysis, as well as under the heading“Risk Factors” in SmartCentres' most recent annual information form. Although the forward-looking statements contained in this Press Release are based on what management believes to be reasonable assumptions, SmartCentres cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. These forward-looking statements are made as at the date of this Press Release and SmartCentres assumes no obligation to update or revise them to reflect new events or circumstances unless otherwise required by applicable securities legislation.

Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking information may include, but are not limited to: a stable retail environment; a continuing trend toward land use intensification, including residential development in urban markets and continued growth along transportation nodes; access to equity and debt capital markets to fund, at acceptable costs, future capital requirements and to enable our refinancing of debts as they mature; that requisite consents for development will be obtained in the ordinary course, construction and permitting costs consistent with the past year and recent inflation trends.

Contact

For information, visit or please contact:

Mitchell Goldhar

Executive Chairman and CEO

(905) 326-6400 ext. 7674

...

Peter Slan

Chief Financial Officer

(905) 326-6400 ext. 7571

...
Jordania
https://menafn.com/images/Menafn_SmallLogo.jpg
https://menafn.com/1108883571/Smartcentres-Real-Estate-Investment-Trust-Releases-Third-Quarter-Results-For-2024
2024-11-13
rss
(MENAFN - GlobeNewsWire - Nasdaq) TORONTO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (–SmartCentres–, the–Trust– or the–REIT–) (TSX: SRU.UN) is pleased to report ...
Smartcentres Real Estate Investment Trust Releases Third Quarter Results For 2024