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SmartREIT

Previously known as Calloway REIT, the name was changed after completion of a $1.16 billion deal to acquire the SmartCentres platform, which included the purchase of interests in a portfolio of 24 properties located principally in Ontario and Quebec. That deal made this one of Canada?s largest REITs, with total assets in excess of $8.6 billion. It owns and manages more than 31 million square feet. SmartREIT is also a joint-venture partner in Toronto and Montreal with Simon Property Group, one of the premier real estate companies in the U.S.

Income Investor

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The board approved an increase of 3% in the monthly distribution to $0.14167 per unit, effective with the November payment. The last increase was 3.15% in October 2015. - Gordon Pape

Current Advice

Buy

Consult your broker/advisor


Capital Gain/Loss

74.4%

Recommended

March 19, 2008
Tom Slee

$19.7500

tii0806


Updated

October 27, 2016

$34.45
$25.83

tii1620

Recommended List

REITs


Portfolio listings

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SRU.UN was first recommended here on March 19, 2008