SmartCentres Real Estate Investment Trust (SRU.UN) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, ladies and gentlemen. Welcome to the Smart Center's REACH Q1 2025 conference call. I would like to introduce Mr. Peter Slant. Please go ahead. Good afternoon, and welcome to our first quarter 2025 results call. I'm Peter Slant, Chief Financial Officer. I'm joined on today's call by Mitch Goldhar, Smart Center's Executive Chair and CEO, and by Rudy Govan, our Executive Vice President, Portfolio Management and Investments. We will begin today's call with some comments from Mitch. Rudy will then provide some operational highlights, and I will review our financial results. We will then be pleased to take your questions. Just before I turn the call over to Mitch, I would like to refer you specifically to the cautionary language about forward-looking information, which can be found at the front of our MD&A. This also applies to comments that any of the speakers make this afternoon. Mitch, over to you. Thank you, Peter. Good afternoon and welcome, everyone. As you've seen from our results, it was a sequential quarter of strong performance with our teams focused on all aspects of our portfolio as well as the needs of our tenants as those needs evolve. The Smart Centers platform built on the high-quality competence of national retailers continues to generate high on-site customer traffic volumes and huge in-store sales volumes. That bodes well for future quarters as we further solidify our dominance of this sector with the continued expansion of our value-oriented retail offering. Already endowed with carefully selected anchors in grocery, general merchandise, pharmacy, apparel, banking, quick service restaurants, and more. The seeds of our positioning and the resilience were planted many years ago, guided by our belief that providing value and convenience to all Ca...