TSX:
SRU.UN

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CORPORATE OVERVIEW.

SmartCentres Real Estate Investment Trust is one of Canada’s largest fully integrated REITs, with a best-in-class portfolio featuring 191 strategically located properties in every province across the country. SmartCentres has $11.9Billion in assets and owns 35.0M SF of income producing value-oriented retail space with 98.5% occupancy, on 3500 acres of owned land across Canada.

 

INVESTOR DOCUMENTS.

AGM Presentations

Annual Reports

Conference Calls

ESG Reports

Investor Presentations

Management Information Circular

Press Releases

Prospectus

Quarterly Reports

Taxation

SEDAR Filings

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Distributions

Period Record Date Payable Amount
February February 29, 2024 March 15, 2024 $ 0.15417
January January 31, 2024 February 15, 2024 $ 0.15417

On March 12, 2020, SmartCentres announced the suspension of its Distribution Reinvestment Plan (the “DRIP”), effective April 13, 2020. Beginning with the April 2020 distribution, plan participants will receive distributions in cash. Upon reinstatement of the DRIP, plan participants enrolled in the DRIP at the time of its suspension will remain enrolled at the time of its reinstatement and will automatically resume participation in the DRIP at that time.

CORPORATE GOVERNANCE.

Investment Committee

The duties of the Investment Committee include:

  • Reviewing all proposals regarding investments
  • Approving or rejecting proposed acquisitions and disposition of investments
  • Approving proposed transactions
  • Approving or rejecting all borrowings and the assumption or granting of any mortgage or other security interest in real property

Audit Committee

The duties of the Audit Committee include:

  • Reviewing SmartCentres’ procedures for internal control with the external auditors and SmartCentres’ Chief Financial Officer
  • Reviewing the engagement of the external auditors
  • Reviewing and recommending to the Trustees for approval, annual and quarterly financial statements and management’s discussion and analysis of the financial condition and results of operation
  • Assessing SmartCentres’ financial and accounting personnel
  • Reviewing any significant transactions outside SmartCentres’ ordinary course of business and all pending litigation involving SmartCentres
  • Consider and review cyber security and related risks
  • Consider and review SmartCentres’ Enterprise Risk Management Plan

Corporate Governance Committee
and Compensation Committee

The duties of the Corporate Governance and Compensation Committee include:

  • Assessing the effectiveness of the Board of Trustees and each of its committees
  • Considering questions of management succession
  • Participating in the recruitment and selection of candidates as Trustees
  • Considering and approving proposals by the Trustees of SmartCentres to engage outside advisors on behalf of the Board
  • Administering SmartCentres’ long-term incentive plan
  • Assessing the performance of the Chief Executive Officer
  • Reviewing and approving the compensation of senior management and consultants of SmartCentres
  • Reviewing and making recommendations to the Board concerning the level and nature of the compensation payable to the Trustees

Ethical Business Conduct

The Board has adopted a written Code of Conduct for the Trustees, Directors, Officers and Employees of SmartCentres. The Code of Conduct stipulates that such persons will treat each other, customers, suppliers, security holders and all other persons with goodwill, trust, and respect.

The Code of Conduct strives to create a culture in SmartCentresthat values honesty, high ethical standards and compliance with laws, rules and regulations. In addition, SmartCentres has approved the following policies human rights, equal opportunity employment, sexual harassment, workplace harassment and insider trading. The Trust also has a “whistleblower” policy that sets out procedures, which allow Trustees, Officers, Employees, Tenants and Suppliers to file reports on a confidential and anonymous basis regarding any impropriety.

ANALYST COVERAGE
FIRM NAME PHONE EMAIL
BMO Capital Markets Michael Markidis 416 917 5035 [email protected]
CIBC Capital Markets Dean Wilkinson 416 594 7194 [email protected]
Desjardins Securities Lorne Kalmar 416 607 3028 [email protected]
National Bank Financial Matt Kornack 416 507 8104 [email protected]
RBC Capital Markets Pammi Bir 416 842 7805 [email protected]
Scotiabank Mario Saric 416 863 7824 [email protected]
TD Securities Sam Damiani 416 983 9640 [email protected]
Veritas Investment Research Shalabh Garg 416 866 8783 [email protected]
BMO Capital Markets
Michael Markidis

CIBC Capital Markets
Dean Wilkinson

Desjardins Securities
Lorne Kalmar

National Bank Financial
Matt Kornack

RBC Capital Markets
Pammi Bir

Scotiabank
Mario Saric

TD Securities
Sam Damiani

Veritas Investment Research
Shalabh Garg

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