TORONTO, April 28, 2020 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (âSmartCentresâ) (TSX: SRU.UN) announced today that it will issue its financial results for the three months ending March 31, 2020 on Wednesday, May 6, 2020.
SmartCentres will hold a conference call on Wednesday, May 6, 2020 at 5:30 p.m. (ET). Participating on the call will be members of SmartCentresâ senior management.
Investors are invited to access the call by dialing 1-800-347-6311. You will be required to identify yourself and the organization on whose behalf you are participating. A recording of this call will be made available Wednesday, May 6, 2020 beginning at 8:30 p.m. (ET) through to 8:30 p.m. (ET) on Wednesday, May 13, 2020. To access the recording, please call 1-888-203-1112 and enter the Replay Passcode 5335567#.
SmartCentres Real Estate Investment Trust is one of Canadaâs largest fully integrated REITs, with a best-in-class portfolio featuring 157 strategically located properties in communities across the country. SmartCentres has $9.9 billion in assets and owns 34.1 million square feet of income producing value-oriented retail space with over 98% occupancy, on 3,500 acres of owned land across Canada.
SmartCentres continues to focus on enhancing the lives of Canadians by planning and developing complete, connected, mixed-use communities on its existing retail properties. A publicly announced $12.1 billion intensification program ($5.5 billion at SmartCentres’ share) represents the REITâs current major development focus. This intensification program consists of rental apartments, condos, seniorsâ residences and hotels, to be developed under the SmartLiving banner, and retail, office, and storage facilities, to be developed under the SmartCentres banner.
SmartCentres’ intensification program is expected to produce an additional 27.9 million square feet of space; all construction commencing within the next five years, 12.4 million square feet of which is already underway.
From shopping centres to city centres, SmartCentres is uniquely positioned to reshape the Canadian urban and urban-suburban landscape. For more information, visit www.smartcentres.com.
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