Toronto, Ontario (August 18, 2026) – SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX: SRU.UN) announced today that the trustees of SmartCentres have declared a distribution for the month of August 2026 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on September 15, 2026 to unitholders of record as at August 31, 2026.
About SmartCentres
SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 201 strategically located properties in communities across the country. SmartCentres has approximately $12.1 billion in assets consisting of income producing value-oriented retail, purpose-built rental, first-class office and self-storage properties. SmartCentres owns 35.5 million square feet of leasable space with 98.1% in place and committed occupancy, on 3,500 acres of owned land across Canada.
TORONTO, ONTARIO – (August 6, 2026) SmartCentres Real Estate Investment Trust (“SmartCentres”, the “Trust” or the “REIT”) (TSX: SRU.UN) is pleased to report its financial and operating results for the quarter ended June 30, 2026.
“Building on Q1, we are pleased to report continued momentum in leasing demand and operational performance in Q2,” said Mitchell Goldhar, Executive Chairman and CEO of SmartCentres. “Occupancy moved up to 98.1% with approximately 247,000 square feet leased during the quarter and rent growth of 12.0% (excluding Anchors). Same Property NOI increased by 2.6% (4.4% excluding Anchors), with very strong customer traffic and a strengthened tenant base. As of today, four of our six vacated Toys “R” Us locations have now been leased, at higher rents, with better tenant quality and covenants. Our development pipeline continues to add to the bottom-line with the initial opening of two self-storage projects in Quebec. In addition, two self-storage locations in British Columbia and one location in Alberta are currently under construction which will continue to add to the growth of the portfolio. Lastly, our two Premium Outlets continue to outperform with strong sales, rental growth and 99% occupancy; and the planned expansion at the Toronto Premium Outlets remains on track for construction commencement in Q4 of this year.”
2026 Second Quarter Highlights
Retail Operations
In-place and committed occupancy rate of 98.1% as of June 30, 2026, increasing 0.5% from the previous quarter.
Lease-up activities with higher rents continued to drive Same Properties NOI(1) growth for the three months ended June 30, 2026, which increased by 2.6% (4.4% excluding Anchors) compared to the same period in 2025.
Extended 86% of existing leases maturing in 2026, with strong rent growth of 12.0% (excluding Anchors) and 6.6% (including Anchors).
Leasing momentum remained strong, with approximately 247,000 square feet of vacant space leased during the quarter. Three former Toys “R” Us locations were leased by quarter-end and one additional location post quarter-end. In addition, demand for new-build SmartCentres-type retail space continues to grow, expanding our footprint across the country.
Development
Construction of the 200,000 square foot Canadian Tire flagship store in the Leaside neighbourhood of Toronto, is ongoing, with delivery to the Tenant expected in Q4 2026.
Acquired a 17-acre land parcel in Winnipeg, Manitoba, for approximately $10.1 million, as part of the retail development growth program which will be anchored by a new Walmart on a 20-year lease.
ArtWalk condo construction in the Vaughan Metropolitan Centre continues to advance as planned, with approximately 93% of the 340 units pre-sold. The underground parking structure is completed, and the formwork reached the ninth floor during the quarter.
Construction of a 65-unit rental building in the ArtWalk block of the Vaughan Metropolitan Centre has commenced. This building shares the underground parking structure and other infrastructure with the ArtWalk condo.
Two new self-storage facilities were partially opened to the public in Q2 2026 in Montreal (Notre Dame) and Laval East, Quebec. Construction of self-storage facilities is progressing well at Burnaby and Victoria, British Columbia with both expected to open in 2027. In Alberta, construction has commenced at Edmonton (Allard), while construction contracts have been awarded at Edmonton (127 Ave NW). The REIT and its partner are also in the process of obtaining municipal approval for two additional sites in Ontario and British Columbia.
Financial
Net operating income for the three months ended June 30, 2026 was $139.9 million, representing a decrease of $1.4 million, or 1.0%, compared to the same period in 2025. The decrease was primarily attributable to fewer townhome closings, as the last remaining townhome unit in the Vaughan NW project closed during the quarter. This was partially offset by higher net rental income driven by lease-up and renewal activities across the REIT’s commercial portfolio.
FFO per Unit(1) for the three months ended June 30, 2026, was $0.58, unchanged from the same period in 2025. FFO with adjustments per Unit(1) decreased to $0.54 from $0.55 for the same period in 2025, primarily attributable to higher interest and general and administrative expenses, partially offset by higher net rental income.
Net loss and comprehensive loss for the three months ended June 30, 2026 was $147.0 million, compared to net income and comprehensive income of $109.2 million for the same period in 2025, a decrease of $256.2 million. The decrease was primarily attributable to a $196.2 million fair value loss on investment properties, representing a $216.7 million change from the prior year period. The fair value loss reflects changes in market conditions and anticipated timing of construction commencement for certain future development properties, partially offset by a decrease in discount rates across select retail locations. The amount also includes a $42.4 million fair value loss on financial instruments, representing a $48.7 million change from the prior year period, primarily due to the fair value change in units classified as liabilities due to an increase in the REIT’s Unit price.
During the three months ended June 30, 2026, the REIT fully unwound the remaining Total Return Swap (“TRS”) and repaid the corresponding TRS debt, resulting in a nominal realized gain on settlement.
(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 Friday, August 7, 2026 at 11:00 a.m. (ET).
Interested parties are invited to access the call by dialing 1-855-353-9183 and then keying in the participant access code 70041#.
A recording of this call will be made available Friday, August 7, 2026 through to Friday, August 14, 2026. To access the recording, please call 1-855-201-2300, enter the conference access code 70041# and then key in the playback access code 70041#.
About SmartCentres
SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 201 strategically located properties in communities across the country. SmartCentres has approximately $12.1 billion in assets and owns 35.5 million square feet of income producing value-oriented retail and first-class office properties with 98.1% 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, Net Asset Value (“NAV”), 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 six months ended June 30, 2026, dated August 6, 2026 (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 www.sedarplus.ca. 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 six months ended June 30, 2026 are outlined in the unaudited interim condensed consolidated financial statements and the related MD&A of the Trust for the three and six months ended June 30, 2026, which are available on SEDAR+ at www.sedarplus.ca.
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.
Toronto, Ontario (July 16, 2026) – SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX: SRU.UN) announced today that the trustees of SmartCentres have declared a distribution for the month of July 2026 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on August 17, 2026 to unitholders of record as at July 31, 2026.
About SmartCentres
SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 200 strategically located properties in communities across the country. SmartCentres has approximately $12.3 billion in assets consisting of income producing value-oriented retail, purpose-built rental, first-class office and self-storage properties. SmartCentres owns 35.5 million square feet of leasable space with 97.6% in place and committed occupancy, on 3,500 acres of owned land across Canada.
Toronto, Ontario (June 25, 2026) – SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX: SRU.UN) announced today that it will be reporting its financial results for the three months ended June 30, 2026 after the market closes on Thursday, August 6, 2026.
SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 200 strategically located properties in communities across the country. SmartCentres has approximately $12.3 billion in assets consisting of income producing value-oriented retail, purpose-built rental, first-class office and self-storage properties. SmartCentres owns 35.5 million square feet of leasable space with 97.6% in place and committed occupancy, on 3,500 acres of owned land across Canada.
Toronto, Ontario (June 25, 2026) – SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) announces the release of its 2025 Environmental, Social and Governance (“ESG”) Report. The ESG Report highlights SmartCentres’ key ESG initiatives and accomplishments along with forward-looking commitments on how the Trust continues to embed ESG strategy into its business.
Improved Global Real Estate Sustainability Benchmark (“GRESB”) score to 84/100, achieving 2025 Sector Leader status;
Conducted a Double Materiality Assessment to identify and prioritize ESG-related impacts, opportunities and risks most relevant to our business and stakeholders;
Further developed Net Zero Framework to assess the best path forward taking into consideration interim targets, emission reduction targets and cost assumptions;
Advanced decarbonization strategy through the application of a Sustainable Development Framework, and approved a solar photovoltaic (“PV”) project for installation, with construction anticipated to commence in Q3 2026;
Maintained strong commitment to governance and oversight with an established ESG Sub-Committee of the Board;
Established an AI Committee to support best practices, innovation, and scalable AI adoption across SmartCentres;
Exceeded Board diversity targets with women representing 38% of the Trustees, and independent trustees representing 75% of the Board; and
Improved cybersecurity monitoring and practices, as well as upgraded enterprise risk management systems to ensure effective risk monitoring.
SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 200 strategically located properties in communities across the country. SmartCentres has approximately $12.3 billion in assets consisting of income producing value-oriented retail, purpose-built rental, first-class office and self-storage properties. SmartCentres owns 35.5 million square feet of leasable space with 97.6% in place and committed occupancy, on 3,500 acres of owned land across Canada.
Toronto, Ontario (June 16, 2026) – SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX: SRU.UN) announced today that the trustees of SmartCentres have declared a distribution for the month of June 2026 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on July 15, 2026 to unitholders of record as at June 30, 2026.
About SmartCentres
SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 200 strategically located properties in communities across the country. SmartCentres has approximately $12.3 billion in assets consisting of income producing value-oriented retail, purpose-built rental, first-class office and self-storage properties. SmartCentres owns 35.5 million square feet of leasable space with 97.6% in place and committed occupancy, on 3,500 acres of owned land across Canada.
Toronto, Ontario (May 20, 2026) – SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX: SRU.UN) announced today that the trustees of SmartCentres have declared a distribution for the month of May 2026 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on June 15, 2026 to unitholders of record as at May 29, 2026.
About SmartCentres
SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 200 strategically located properties in communities across the country. SmartCentres has approximately $12.3 billion in assets consisting of income producing value-oriented retail, purpose-built rental, first-class office and self-storage properties. SmartCentres owns 35.5 million square feet of leasable space with 97.6% in place and committed occupancy, on 3,500 acres of owned land across Canada.
TORONTO, ONTARIO — (May 13, 2026) – SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) announced today the voting results from its Annual General Meeting of the holders of Units and Special Voting Units (the “Meeting”) held today.
The total number of Units and Special Voting Units of SmartCentres (“Units” and “SVUs”, respectively) represented by holders of Units and SVUs (collectively, “Unitholders”) that voted in connection with the Meeting was 63,377,146 Units and 33,565,081 SVUs, representing in total 54.37% of SmartCentres’ issued and outstanding Units and SVUs. At the Meeting, Unitholders voted in favour of all items of business, including fixing the number of trustees to be elected or appointed at the Meeting and the election of each of the six trustee nominees proposed by management. The voting results for the election of trustees based on the Units and SVUs represented at the Meeting were as follows:
# Votes For
% Votes For
# Votes Withheld
% Votes Withheld
Janet Bannister
96,293,340
99.62%
365,800
0.38%
Neil Cunningham
96,200,503
99.53%
458,637
0.47%
Garry Foster
95,085,620
98.36%
1,589,292
1.64%
Sylvie Lachance
96,526,123
99.86%
133,018
0.14%
Sharm Powell
94,041,322
97.29%
2,617,818
2.71%
Michael Young
94,690,352
97.96%
1,968,788
2.04%
At the Meeting, PricewaterhouseCoopers LLP was appointed as the auditor of SmartCentres. Also, 98.50% of Units and SVUs voted at the Meeting were in favour of accepting SmartCentres’ approach to executive compensation (i.e. say-on-pay), as more particularly set forth in SmartCentres’ Management Information Circular dated April 1, 2026. Unitholders also approved the adoption of a new long term incentive plan, with 98.79% of Units and SVUs voted at the Meeting being voted in favour.
Detailed voting results for the Meeting are available under SmartCentres’ profile on SEDAR+ at www.sedarplus.ca.
About SmartCentres
SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 200 strategically located properties in communities across the country. SmartCentres has approximately $12.3 billion in assets and owns 35.5 million square feet of income producing value-oriented retail and first-class office properties with 97.6% in place and committed occupancy, on 3,500 acres of owned land across Canada.
TORONTO, ONTARIO – (May 6, 2026) SmartCentres Real Estate Investment Trust (“SmartCentres”, the “Trust” or the “REIT”) (TSX: SRU.UN) is pleased to report its financial and operating results for the quarter ended March 31, 2026.
We are pleased to report a solid start to 2026. Retail demand remains strong resulting in exceptional retention of maturing tenancies which has led to lease extensions with a compelling average rent growth of 11.5% (excluding Anchors). Our focus on value-oriented retail, alongside the ongoing enhancement of tenant quality is further strengthening the positioning of our centres in each market we operate; including increased consumer traffic; enhancing the long-term value of our portfolio. On the development front, a program of new retail development is gaining momentum at SmartCentres. We are excited to bring, in the near future, new SmartCentres to Kingston, Ontario, Lindsay, Ontario and Winnipeg, Manitoba, to name a few as part of an ambitious growth program fueled by consumer demand for our core large format retailers in the categories of grocery, general merchandise, fair price apparel and others. We expect construction to begin later this year in Kingston and Winnipeg.
2026 First Quarter Highlights
Retail Operations
In-place and committed occupancy rate of 97.6% as of March 31, 2026 or 98.0% as of today.
Strong tenant base and customer traffic continued to drive Same Properties NOI(1) growth for the three months ended March 31, 2026, which increased by 1.4% (3.4% excluding Anchors) compared to the same period in 2025. This represents 3.0% growth over the trailing 12 months (4.8% excluding Anchors), reflecting leasing and renewal activity across the retail portfolio and improved occupancy in self-storage, partially offset by tenant turnover and higher expected credit loss (“ECL”) provisions this quarter.
Extended approximately 80% of leases maturing in 2026, with strong rent growth of 11.5% (excluding Anchors) and 5.8% (including Anchors).
Leasing momentum remained resilient, with approximately 56,000 square feet of vacant space leased during the quarter. In addition, growing demand for new retail space continues, with approximately 52,000 square feet executed during the quarter.
Development
Construction of the 200,000 square foot retail building pre-leased to Canadian Tire on Laird Drive in Toronto continues on schedule, with possession expected in Q3 2026.
Acquired an 18.8-acre land parcel in Kingston, Ontario, for approximately $7.1 million, as part of the retail development growth program.
Construction of self-storage facilities is progressing well at Montreal (Notre Dame St. W) and Laval E, Quebec, and at Burnaby and Victoria, British Columbia. The Montreal and Laval E facilities are expected to open in Q2 2026. Both projects in British Columbia are expected to open in 2027. The Trust is also in the process of obtaining municipal approval for four additional sites across Ontario, British Columbia and Alberta.
Construction of the ArtWalk condo Tower A in the Vaughan Metropolitan Centre continues to advance as planned, with approximately 93% of the 340 units pre-sold. The underground parking structure is completed, and the formwork reached the second floor of Tower A during the quarter.
Financial
Net operating income for the three months ended March 31, 2026 was $137.7 million, representing an increase of $0.9 million, or 0.7%, as compared to the same period in 2025. The increase was primarily attributable to higher base rent driven by lease-up and renewal activities across the retail portfolio, partially offset by an increase in ECL provision.
FFO per Unit(1) and FFO with adjustments per Unit(1) for the three months ended March 31, 2026, were $0.54 and $0.52, respectively, compared to $0.56 and $0.54 for the same period in 2025. The decreases were primarily attributable to higher interest and general and administrative expenses, partially offset by higher NOI.
Net income and comprehensive income for the three months ended March 31, 2026 increased by $139.5 million as compared to the same period in 2025. The increase was primarily attributable to a $50.3 million fair value gain on investment properties, representing a $130.4 million increase from the prior year period, reflecting improved valuation parameters and leasing activity, as well as a $10.5 million improvement in the fair value loss on financial instruments to $4.0 million in the current period, primarily due to mark-to-market adjustments on interest rate swaps.
Subsequent Event
On April 1, 2026, the Trust entered into agreements with Penguin, effective January 1, 2026, establishing a simplified framework, continued leadership of its Executive Chairman and CEO through December 31, 2030 and allowing management to focus on execution of the Trust’s long‑term growth strategy. The new and renegotiated agreements materially reduce related‑party complexity and cash flow variability by settling all legacy earn‑out arrangements, terminating all mezzanine loans, simplifying and consolidating certain fees paid to Penguin, and renew the non-competition arrangements. The previously outstanding voting top-up right also expired as of December 31, 2025 and will not be reinstated. The framework provides improved cash flow visibility, enhanced governance oversight, and clearer alignment between management, the Trust, and its unitholders.
On April 10, 2026, the Trust settled $42.4 million of TRS debt and the corresponding TRS receivable. On a pro forma basis, giving effect to the TRS settlement, the Adjusted Debt to Adjusted EBITDA(1) ratio remains at 9.7x, unchanged from the previous quarter.
(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, May 7, 2026 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 72512#.
A recording of this call will be made available Thursday, May 7, 2026 through to Thursday, May 14, 2026. To access the recording, please call 1-855-201-2300, enter the conference access code 72512# and then key in the playback access code 72512#.
About SmartCentres
SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 200 strategically located properties in communities across the country. SmartCentres has approximately $12.3 billion in assets and owns 35.5 million square feet of income producing value-oriented retail and first-class office properties with 97.6% 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, Net Asset Value (“NAV”), 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 months ended March 31, 2026, dated May 6, 2026 (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 www.sedarplus.ca. 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 months ended March 31, 2026 are outlined in the unaudited interim condensed consolidated financial statements and the related MD&A of the Trust for the three months ended March 31, 2026, which are available on SEDAR+ at www.sedarplus.ca.
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.
Toronto, Ontario (April 16, 2026) – SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX: SRU.UN) announced today that the trustees of SmartCentres have declared a distribution for the month of April 2026 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on May 15, 2026 to unitholders of record as at April 30, 2026.
About SmartCentres
SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 198 strategically located properties in communities across the country. SmartCentres has approximately $12.1 billion in assets consisting of income producing value-oriented retail, purpose-built rental, first-class office and self-storage properties. SmartCentres owns 35.6 million square feet of leasable space with 98.6% in place and committed occupancy, on 3,500 acres of owned land across Canada.
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