Business
SmartCentres Real Estate Investment Trust Further Extends Arrangements with Penguin Group
The Board of Trustees of SmartCentres Real Estate Investment Trust (“SmartCentres”,...
About this update from Smartcentres Real Estate Investment Trust
[{"type":"text","content":"SmartCentres Real Estate Investment Trust Further Extends Arrangements with Penguin Group\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }\n \n\n\n\n The Board of Trustees of SmartCentres Real Estate Investment Trust (“SmartCentres”, the “Trust” or the “REIT”) (TSX: SRU.UN) today provided a further update regarding certain existing arrangements referred to in the REIT’s press release dated February 27, 2026.\n \n\n The parties have agreed to further extend the existing agreements to April 16, 2026 for the reasons previously set out and allow additional time for the agreements to be finalized. We anticipate the good faith negotiations to result in mutually acceptable arrangements.\n \n\n The Independent Committee of the Board, composed entirely of independent trustees, is overseeing the discussions on behalf of the REIT with Penguin and Mr. Goldhar.\n \n\n\n\n About SmartCentres\n \n\n\n\n SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 198 strategically located properties in communities across the country. SmartCentres has approximately $12.1 billion in assets consisting of income producing value-oriented retail, purpose-built rental, first-class office and self-storage properties. SmartCentres owns 35.6 million square feet of leasable space with 98.6% in place and committed occupancy, on 3,500 acres of owned land across Canada.\n \n\n For more information, please visit\n \n www.smartcentres.com\n \n .\n \n\n\n\n Cautionary Statements Regarding Forward-Looking Statements\n \n\n\n\n Certain statements in this Press Release are \"forward-looking statements\" that reflect management, the Board and the Independent Committee's expectations regarding the Trust's future arrangements, growth, operations, performance and business prospects and opportunities. More specifically, certain statements including, but not limited to, statements related to ongoing discussions with Mr. Goldhar and Penguin, the potential outcomes, terms and timing of these discussions or any existing or new arrangements resulting therefrom and the focus of the Board and Independent Committee and statements that contain words such as \"could\", \"should\", \"can\", \"anticip...