SmartCentres Real Estate Investment Trust Expected to Post Q3 2024 Earnings of $0.39 Per Share (OTCMKTS:CWYUF)

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) – National Bank Financial issued their Q3 2024 earnings estimates for shares of SmartCentres Real Estate Investment Trust in a research note issued on Tuesday, October 8th. National Bank Financial analyst M. Kornack anticipates that the company will earn $0.39 per share for the quarter. The consensus estimate for SmartCentres Real Estate Investment Trust’s current full-year earnings is $1.51 per share.

Separately, Cibc World Mkts upgraded shares of SmartCentres Real Estate Investment Trust to a “strong-buy” rating in a research note on Monday, August 12th.

SmartCentres Real Estate Investment Trust Stock Performance

OTCMKTS:CWYUF opened at $18.56 on Friday. The firm’s fifty day simple moving average is $18.74 and its 200 day simple moving average is $17.37. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.66. SmartCentres Real Estate Investment Trust has a twelve month low of $14.98 and a twelve month high of $20.23. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 15.34 and a beta of 1.16.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.52 EPS for the quarter. SmartCentres Real Estate Investment Trust had a net margin of 34.42% and a return on equity of 4.67%. The firm had revenue of $166.68 million for the quarter.

SmartCentres Real Estate Investment Trust Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued a $0.1134 dividend. The ex-dividend date is Monday, September 30th. This is a positive change from SmartCentres Real Estate Investment Trust’s previous dividend of $0.11. This represents a dividend yield of 6.81%. SmartCentres Real Estate Investment Trust’s payout ratio is 113.22%.

SmartCentres Real Estate Investment Trust Company Profile

SmartCentres is one of Canada's largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 191 strategically located properties in communities across the country. SmartCentres has approximately $12.0 billion in assets and owns 35.0 million square feet of income producing value-oriented retail and first-class office properties with 98.5% in place and committed occupancy, on 3,500 acres of owned land across Canada.