SmartCentres REIT(TSX: SRU.UN, OTC: CWYUF)

SmartCentres owns a chain of retail properties with just under 60% anchored by a Walmart store. Of its 197 properties owned as of June 30, 155 are retail of which 113 are Walmart-anchored, accounting for 23% of total revenue. The remainder are primarily self-storage (12), residential (3), and office (4), with 22 properties under development. 60% of its tenants provide essential services, with the top 10 making up 455 of its rental income, including TJX, Canadian Tire, Loblaws, and Sobeys. Its properties comprised 35.6 million sq. ft., with 98.6% occupancy. After a corporate restructuring in 2020, SmartCentres developed its retail centres into diversified city centres with residential and self-storage as a focus. It spent $513 million in 2022 to double its exposure to its major SmartVMC outside of Toronto in Vaughan.