Investment Thesis
SmartCentres REIT (CWYUF) (TSX:SRU.UN) delivered solid 2018 with mid single-digit revenue growth. The REIT has consistently maintained its occupancy ratio above 98% in the past few years thanks to its focus in major urban and near-urban properties in Canada’s three most populous provinces. In addition, SmartCentres should be able to benefit from urban intensification opportunities in the next few years as about half of its properties have the potential for intensification.
The company’s dividend is attractive with a 5.3%-yielding dividend. It is a good investment choice for investors seeking both dividend