Business
SmartCentres Real Estate Investment Trust Releases Second Quarter Results for 2025
SmartCentres Real Estate Investment Trust (“SmartCentres”, the “Trust”...
About this update from Smartcentres Real Estate Investment Trust
[{"type":"text","content":"SmartCentres Real Estate Investment Trust Releases Second Quarter Results for 2025\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl1 { padding-left: 5px }\n.bwpadl4 { padding-left: 20px }\n.bwpadr0 { padding-right: 0px }\n.bwrowaltcolor0 { background-color: #cceeff }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth1 { width: 1% }\n.bwwidth10 { width: 10% }\n.bwwidth100 { width: 100% }\n.bwwidth12 { width: 12% }\n.bwwidth14 { width: 14% }\n.bwwidth15 { width: 15% }\n.bwwidth2 { width: 2% }\n.bwwidth20 { width: 20% }\n.bwwidth25 { width: 25% }\n.bwwidth40 { width: 40% }\n.bwwidth52 { width: 52% }\n.bwwidth55 { width: 55% }\n.bwwidth71 { width: 71% }\n.bwwidth9 { width: 9% }\n.bwwidth98 { width: 98% }\n \n\n\n\n SmartCentres Real Estate Investment Trust (“SmartCentres”, the “Trust” or the “REIT”) (TSX: SRU.UN) is pleased to report its financial and operating results for the quarter ended June 30, 2025.\n \n\n “Building on Q1, we are pleased to report continued momentum in leasing demand and operational performance in Q2,” said Mitchell Goldhar, CEO of SmartCentres. “Occupancy has improved to 98.6% with approximately 148,000 square feet leased up during the quarter and rent growth of 8.5% (excluding Anchors). Same Properties NOI increased by 4.8% (7.7% excluding Anchors) showcasing improving customer traffic and a strengthened tenant base. Pacific Fresh and Costco both took possession of large spaces during the quarter and are expected to open later this year. Our development pipeline continues to add to the bottom-line with the completion this quarter of three self-storage projects and the closing of nine townhomes at our Vaughan NW project.”\n \n\n\n 2025 Second Quarter Highlights\n \n\n\n\n Retail Operations\n \n\n\n\n Improving customer traffic and a strengthened tenant base delivered strong Sa...