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home / news releases / CWYUF - SmartCentres REIT: Being Walmart's Landlord Pays Off With A 6.4% Dividend Yield

CWYUF - SmartCentres REIT: Being Walmart's Landlord Pays Off With A 6.4% Dividend Yield

SmartCentres Real Estate Investment Trust
  • SmartCentres is a Canadian commercial REIT with Walmart (accounting for 25% of the rental revenue) as its main tenant.
  • The main focus should be on renewing expiring leases in the 2023-2025 era, and on completing development projects.
  • The development pipeline contains an interesting mix of build to own and build to sell assets across all categories.
  • The payout ratio is high, but as new projects are completed, the payout ratio should decrease a bit.

For further details see:

SmartCentres REIT: Being Walmart's Landlord Pays Off With A 6.4% Dividend Yield
Stock Information
Company Name: SmartCentres Real Estate Investment Trust
Stock Symbol: CWYUF
Market: OTC
Website: smartcentres.com
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