SmartCentres is a Canadian REIT with significant retail real estate and a large development pipeline of projects optimize unused space. The company owns approximately 3500 acres of land, much of which is strategically located at or near major intersections and transit hubs.
COVID has been difficult for many of its tenants and the REIT’s unit price fell sharply in 2020 to reflect weakness in the sector. The dividend has not been cut and the stock currently yields 8%.
This video analyzes units of SmartCentre REIT and highlights key considerations for investors, including whether or not the dividend is safe.
Bonus: SmartCentres vs Riocan comparison included.