Smartcentres Real Estate Investment Trust · TSX:SRU.UN
Smartcentres Real Estate Investment Trust — Q2 2026 Earnings Presentation
9 slides from Smartcentres Real Estate Investment Trust's earnings presentation, Aug 7, 2026
Slide 1: SmartCentres REIT Releases Second Quarter Results for 2026
SMARTCENTRES REAL ESTATE INVESTMENT TRUST RELEASES SECOND QUARTER RESULTS FOR 2026 TORONTO, ONTARIO - ( August 6, 2026 ) 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
Slide 2: Development
Development • Construction of the 200,000 square foot Canadian Tire flagship store in the Leaside neighbourhood of Toronto , is ongoing , with delivery to the Tenant expected in Q4 2026. • Acquired a 17 - acre land parcel in Winnipeg, Manitoba, for approximately $10.1 million, as part of the retail
Slide 3: Selected Operational, Development and Financial Information
Selected Operational, Development and Financial Information (in thousands of dollars, except per Unit and other non -financial data) As at June 30, 2026 December 31, 2025 June 30, 2025 Portfolio Information (Number of properties) Retail properties 155 155 155 Office properties 4 4 4 Self - storage p
Slide 4: Development and Intensification Summary
(5) As at June 30, 2026, cash - on - hand of $42.0 million was excluded for the purposes of calculating the applicable ratios ( December 31, 2025 – $44.6 million , June 30, 2025 – $28.8 million ). (6) The calculation of the Trust’s FFO and AFFO and related payout ratios, including comparative amount
Slide 5: Reconciliations of Non-GAAP Measures
Reconciliations of Non - GAAP Measures The following tables reconcile the non -GAAP measures to the most comparable GAAP measures for the three and six months ended June 30, 2026 , and the comparable period in 2025 . Such measures do not have a standardized meaning prescribed by IFRS and may not be
Slide 6: Reconciliation of FFO
Reconciliation of FFO Three Months Ended June 30 Six Months Ended June 30 (in thousands of dollars) 2026 2025 2026 2025 Net income (loss) and comprehensive income (loss) $(146,979) $109,186 $(17,082) $99,605 Add (Deduct): Fair value adjustment on investment properties and financial instruments (1) 2
Slide 7: Reconciliation of AFFO
Reconciliation of AFFO Three Months Ended June 30 Six Months Ended June 30 (in thousands of dollars) 2026 2025 2026 2025 FFO (1) $105,998 $106,119 $204,593 $208,039 Add (Deduct): Straight -line rents (547) (1,457) (791) (1,888) Adjusted salaries and related costs attributed to leasing (2,499) (2,090
Slide 8: Conference Call
Conference Call Management will hold a conference call on Friday, August 7, 2026 at 11:00 a .m. (ET) . Interested parties are invited to access the call by dialing 1 -855 -353 -9183 and then keying in the participant access code 70041 #. A recording of this call will be made available Friday, August
Slide 9: Forward-Looking Statements
as well as under the heading “Risk Factors” in SmartCentres’ most recent annual information form. Although the forward -looking statements contained in this Press Release are based on what management believes to be reasonable assumptions, SmartCentres canno t assure investors that actual results wil
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