SmartCentres Real Estate Investment Trst : September 2019 Distribution
September 19, 2019 at 09:52 pm
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SmartCentres Declares Distribution for September 2019
Toronto, Ontario (September 19, 2019) - SmartCentres Real Estate Investment Trust ("SmartCentres") (TSX:SRU.UN) announced today that the trustees of SmartCentres have declared a distribution for the month of September 2019 of CDN $0.15 per trust unit, representing CDN $1.80 per unit on an annualized basis. Payment will be made on October 15, 2019 to unitholders of record on September 30, 2019.
SmartCentres offers Canadian unitholders the option to participate in a Distribution Reinvestment Plan ("DRIP"), a convenient and economical opportunity to automatically reinvest monthly distributions in additional units without the payment of any commissions, service charges or brokerage fees, at a price equal to 97% of the average TSX market price over the 10 business days preceding the monthly distribution date. Additional information regarding the DRIP is available at www.smartcentres.com/investing/distributions/.
About SmartCentres
SmartCentres is one of Canada's largest real estate investment trusts with total assets of approximately $9.7 billion. It owns and manages 34 million square feet in value-oriented, principally Walmart-anchored retail centres, having the strongest national and regional retailers as well as strong neighbourhood merchants. In addition, SmartCentres is a joint-venture partner in the Premium Outlets locations in Toronto and Montreal with Simon Property Group.
SmartCentres continues to grow its portfolio to include residential (single-family, condominium and rental), retirement homes, office, and self-storage with an additional $12.1 billion ($5.5 billion at SmartCentres' share) in expected developments to commence over the next five years. This growth will occur on its large urban properties such as SmartCentres Place at the Vaughan Metropolitan Centre or as additional intensified uses to its well-located existing shopping centres. For more information, visit www.smartcentres.com.
For more information, please contact:
Peter Sweeney
Chief Financial Officer
SmartCentres
326-6400ext. 7865 psweeney@smartcentres.com
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Smart Real Estate Investment Trust published this content on 19 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 September 2019 20:51:05 UTC
SmartCentres Real Estate Investment Trust (the Trust) is a Canada-based fully integrated real estate investment trust. The Trust develops, leases, constructs, owns and manages shopping centers, office buildings, high-rise and low-rise condominiums and rental residences, seniorsâ housing, townhome units, self-storage rental facilities, and industrial facilities in Canada. It is focused on development, ownership, management and operation of investment properties located in Canada. The Trust portfolio features approximately 191 strategically located properties in communities across the country. The Trustâs subsidiaries include Smart Limited Partnership, Smart Limited Partnership II, Smart Limited Partnership III, Smart Limited Partnership IV, Smart Oshawa South Limited Partnership, Smart Oshawa Taunton Limited Partnership, Smart Boxgrove Limited Partnership, ONR Limited Partnership, ONR Limited Partnership I, and SmartVMC West Limited Partnership.