Analysts Issue Forecasts for SmartCentres Real Estate Investment Trust’s Q3 2024 Earnings (OTCMKTS:CWYUF)

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) – Equities research analysts at National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for shares of SmartCentres Real Estate Investment Trust in a research report issued on Tuesday, October 8th. National Bank Financial analyst M. Kornack forecasts that the company will post earnings per share of $0.39 for the quarter. The consensus estimate for SmartCentres Real Estate Investment Trust’s current full-year earnings is $1.51 per share.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.52 earnings per share (EPS) for the quarter. The firm had revenue of $166.68 million for the quarter. SmartCentres Real Estate Investment Trust had a return on equity of 4.67% and a net margin of 34.42%.

Separately, Cibc World Mkts raised shares of SmartCentres Real Estate Investment Trust to a “strong-buy” rating in a report on Monday, August 12th.

SmartCentres Real Estate Investment Trust Trading Up 1.2 %

OTCMKTS:CWYUF opened at $18.56 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.30 and a quick ratio of 0.30. SmartCentres Real Estate Investment Trust has a one year low of $14.98 and a one year high of $20.23. The company has a market cap of $3.31 billion, a PE ratio of 15.34 and a beta of 1.16. The firm has a 50-day moving average of $18.74 and a 200-day moving average of $17.38.

SmartCentres Real Estate Investment Trust Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.1134 per share. This is a positive change from SmartCentres Real Estate Investment Trust’s previous dividend of $0.11. The ex-dividend date is Monday, September 30th. This represents a yield of 6.81%. SmartCentres Real Estate Investment Trust’s dividend payout ratio is presently 113.22%.

SmartCentres Real Estate Investment Trust Company Profile

SmartCentres is one of Canada's largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 191 strategically located properties in communities across the country. SmartCentres has approximately $12.0 billion in assets and owns 35.0 million square feet of income producing value-oriented retail and first-class office properties with 98.5% in place and committed occupancy, on 3,500 acres of owned land across Canada.