2024-02-21 07:36:04 ET
Summary
- SmartCentres Q4 2023 results showed solid performance with high occupancy and increasing rents.
- Debt to EBITDA ratio improved in Q4.
- We analyze the potential risks and rewards of owning this.
Note: All amounts are in Canadian Dollars
On our last coverage of SmartCentres REIT ( SRU.UN:CA ), we acknowledged the value embedded in the portfolio and gave a nod to the distribution being sustained. We still could not hit the buy as the debt load looked a bit too daunting, despite key tailwinds. We summarized our verdict as follows....
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For further details see:
SmartCentres REIT: Solid Close To 2023