SmartCentres REIT (SRU.UN) Facts

Is SmartCentres REIT's distribution safe?

SmartCentres REIT (SRU.UN) currently screens as covered under REIT Stack's deterministic distribution-safety methodology using extraction-period inputs as of March 31, 2026. The public inputs on this sheet show AFFO payout ratio 86.4% and FFO payout ratio not available from that extraction period, plus Distribution Yield 6.67% from the public market snapshot as of August 25, 2026; the engine driver summary is AFFO payout 86%: Comfortably covered by adjusted cash flow. This verdict is a screening signal, not a credit rating or investment recommendation.

Distribution-safety methodology

Is SmartCentres REIT trading below Reported NAV?

SmartCentres REIT (SRU.UN) has Price / Reported NAV of 0.78x, using price $27.99 from the public market snapshot as of August 25, 2026 and Reported NAV / Unit $35.93 from issuer filings as of December 31, 2025. This is a 22.1% discount to Reported NAV. This uses issuer-reported Reported NAV only, not REIT Stack Real Estate NAV or Market-Implied NAV.

Reported NAV, Real Estate NAV, and Market-Implied NAV taxonomy

What does SmartCentres REIT own?

SmartCentres REIT (SRU.UN) describes its portfolio this way: SmartCentres REIT is one of Canada's largest REITs, owning approximately 195 large-format retail and mixed-use properties across Canada. Anchored by Walmart at approximately 70% of its centres, SmartCentres under Chairman and CEO Mitchell Goldhar enjoys one of the most durable anchor relationships in Canadian retail real estate. The trust is actively transforming its portfolio through SmartVMC — a major transit-oriented mixed-use development in Vaughan, Ontario — and a pipeline of residential, office, self-storage, and healthcare additions across its 3,500-acre land reserve. The same public row lists Market Cap $5.0B as of August 25, 2026 and sector Retail; property-level inventory, source breadcrumbs, and historical period detail remain in the member product.