In a latest note to investors, a research analyst has provided a rating update for the SmartCentres Real Estate Investment Trust (SRU.UN – Research Report). Analyst Mario Saric from Scotiabank reiterated a Hold rating, with a C$25.50 price target today.
According to TipRanks.com, Saric is ranked #544 out of 8631 analysts.
SmartCentres Real Estate Investment Trust has an analyst consensus of Moderate Buy, with a price target consensus of C$28.25.
Based on SmartCentres Real Estate Investment Trust’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$208 million and net profit of C$175 million. In comparison, last year the company earned revenue of C$199 million and had a net profit of C$172 million.
SmartCentres Real Estate Investment Trust is a Canadian open-ended mutual fund trust. The company principally generates revenue from property leasing operations. Smart REIT comprises two groups of properties: retail and mixed-use. The retail group operates through the “SmartCentres” brand, and tenants include supermarkets, fitness centres, restaurants, and clothing and accessory stores. The mixed-use group operates through the “SmartUrban” brand and consists of office and residential developments in urban areas.
The company’s shares closed last Thursday at C$23.32.
Read More on TSE:SRU.UN:
- SmartCentres Declares Distribution for November 2023
- SmartCentres Real Estate Investment Trust Releases Third Quarter Results For 2023
- SmartCentres Real Estate Investment Trust Reschedules 2023 Third Quarter Conference Call
- SmartCentres Declares Distribution for October 2023
- SmartCentres Real Estate Investment Trust to Release 2023 Third Quarter Results and Host Conference Call
