Overview
Description
SmartCentres Real Estate Investment Trust is a prominent real estate investment trust focusing on retail properties and mixed-use communities across Canada. As a major player in the retail property sector, SmartCentres REIT owns and manages an extensive portfolio, including strategically located shopping centers frequented by consumers. This asset primarily aims to generate stable and growing cash flows through rental income from its properties, making it a key component in the real estate investment landscape.
Notably, SmartCentres REIT's properties often feature well-known anchor tenants, such as Walmart, ensuring high consumer foot traffic and consistent tenant demand. Beyond traditional retail, the trust is involved in the development of mixed-use projects, incorporating residential, office, and storage facilities to capitalize on urbanization trends and diversify its income streams.
In the financial market, SmartCentres REIT plays a critical role in providing investors access to stable, income-producing real estate assets, offering potential diversification benefits and exposure to the Canadian retail and real estate sectors. It maintains a strong presence in urban and suburban areas, underscoring its importance in driving infrastructure development and community growth.
About
CEO
Mr. Mitchell Goldhar
Employees
0
Address
3200 Highway 7
Vaughan, L4K 5Z5, ON
Canada
Vaughan, L4K 5Z5, ON
Canada
Phone
905 326 6400
Website
Instrument type
REIT
Sector
Real Estate
Industry
REIT - Retail
Country
United States
MIC code
PINX