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SmartCentres Real Estate Investment Trust (TSE:SRU.UN)
TSX:SRU.UN
Canadian Market
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SmartCentres Real Estate Investment Trust (SRU.UN) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Feb 18, 2026
TBA (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
Last Year’s EPS
0.78
Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Nov 12, 2025|
% Change Since:
|
Earnings Call Sentiment|Positive
SmartCentres REIT reported strong financial and operational performance with high occupancy rates and solid same-property NOI growth. Despite a minor setback with a credit provision and challenges concerning Toys'R'Us locations, the company demonstrated effective debt management and liquidity, maintaining positive growth momentum.
Company Guidance
During the Q3 2025 conference call, SmartCentres REIT provided robust guidance, highlighting several key metrics that underscore the company's solid performance and strategic initiatives. The REIT reported a 98.6% occupancy rate, with same-property net operating income (NOI) growth of 4.6% excluding anchors and 3.7% overall year-to-date. Rental spreads reached 8.4% excluding anchors, contributing to a stable rent collection rate of 99%. Financial flexibility was enhanced with $1.1 billion in liquidity, 88% of debt at fixed rates, and an unencumbered asset pool of $9.8 billion. Adjusted debt to EBITDA improved to 9.6x, supported by a 5.6% increase in funds from operations (FFO) with adjustments. The REIT also successfully closed on 13 townhomes in its Vaughan Northwest project, achieving a 22% cumulative margin. Additionally, SmartCentres issued $500 million in unsecured debentures to refinance existing debt, while maintaining a payout ratio of 89.6% against adjusted funds from operations (AFFO). The development pipeline includes 8 projects under construction, with significant activity in retail expansion, as the company plans for an additional 3 million square feet of retail space over the next five years.
Strong Overall Performance
SmartCentres REIT delivered across the board in rental lifts, NOI growth, FFO, and a strengthening balance sheet. High occupancy rates and tenant demand were maintained across all property sectors.
High Occupancy Rates
The REIT maintained a leading 98.6% occupancy at the quarter end, reflecting strong tenant demand across provinces.
Same-Property NOI Growth
Same-property NOI growth was strong at 4.6% for the quarter ex anchors and 5.9% year-to-date, translating to an overall growth of 3.7% for the year.
Successful Townhome Closures
13 townhomes were closed in the Vaughan Northwest project, leading to a cumulative margin of about 22% for the project.
Debt Management and Liquidity
A $500 million issuance of unsecured debentures improved liquidity. 88% of debt is at a fixed rate, and the unencumbered asset pool is at $9.8 billion.

SmartCentres Real Estate Investment Trust (TSE:SRU.UN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

TSE:SRU.UN Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Feb 18, 2026
2025 (Q4)
- / -
0.78
Nov 12, 2025
2025 (Q3)
- / 0.45
0.2395.65% (+0.22)
Aug 07, 2025
2025 (Q2)
- / 0.61
0.72-15.28% (-0.11)
May 07, 2025
2025 (Q1)
- / -0.05
-0.1258.33% (+0.07)
Feb 12, 2025
2024 (Q4)
- / 0.78
0.08875.00% (+0.70)
Nov 13, 2024
2024 (Q3)
- / 0.23
1.19-80.67% (-0.96)
Aug 08, 2024
2024 (Q2)
- / 0.72
0.94-23.40% (-0.22)
May 08, 2024
2024 (Q1)
- / -0.12
0.63-119.05% (-0.75)
Feb 14, 2024
2023 (Q4)
- / 0.08
0.49-83.67% (-0.41)
Nov 08, 2023
2023 (Q3)
- / 1.19
0.47153.19% (+0.72)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

TSE:SRU.UN Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 12, 2025
C$26.58C$25.95-2.37%
Aug 07, 2025
C$25.16C$25.28+0.48%
May 07, 2025
C$24.54C$24.34-0.81%
Feb 12, 2025
C$23.17C$23.83+2.85%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does SmartCentres Real Estate Investment Trust (TSE:SRU.UN) report earnings?
SmartCentres Real Estate Investment Trust (TSE:SRU.UN) is schdueled to report earning on Feb 18, 2026, TBA (Confirmed).
    What is SmartCentres Real Estate Investment Trust (TSE:SRU.UN) earnings time?
    SmartCentres Real Estate Investment Trust (TSE:SRU.UN) earnings time is at Feb 18, 2026, TBA (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is TSE:SRU.UN EPS forecast?
          Currently, no data Available
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