Smart REIT (SRU.UN.TO) Buy, Sell or Hold

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Smart REIT (SRU.UN.TO)

29.05

+0.11 (0.38%)

as of Jun 5, 2026, 8:00:00 pm Market Open.

395 watching

Investor Insights

Jun 5, 2026, 12:00 am

This summary was created by AI, based on 7 opinions in the last 12 months.

Smart REIT (SRU.UN) operates primarily with Walmart (WMT) as its anchor tenant, contributing significantly to its revenue. Experts highlight the defensive nature of the REIT, characterized by high occupancy rates and a reliable dividend yield close to 7%. However, there are concerns regarding growth, with analysts noting a history of low internal growth rates and a payout ratio of 100%. Despite the stability provided by WMT, some analysts express caution due to potential risks associated with increased tenant bankruptcies and the effects of rising interest rates. While the stock is viewed as a safe dividend play, the inherent limitations on growth may prompt investors to consider alternatives for better long-term appreciation.

Consensus

Cautious

Valuation

Fair Value

Similar

CT,CT

TOP PICK

Retail. May benefit from Target (TGT-N) coming in. Big unenclosed power centres, mainly in the big 6 market. Close relations ship with Wal-Mart (WMT-N). A couple of $’s upside from here.

COMMENT

Sold his holdings because of high fashion components. A lot of development opportunities. Have always been dynamic. Finances are a lot better than they used to be. Not sure why it has dropped in price. Looking at it again at this price.

BUY

Wal-Mart-anchored power centers. 24% revenue from Wal-Mart. Great core name to have in your fund. Noise around mezzanine lending. They need to clean all that up for 2011 to stay a REIT. Worth $24-$25 so buy at $22.

BUY

Most REITs have done exceedingly well because of lower interest rates. Yield of around 6%.

COMMENT

Look at total return, don't focus on yield. Solid entity. Large cap. Strong in power centers. Largest shareholder brought Wal-Mart to Canada. Smart Centers. They are buying some development projects and thinks they are paying too much and he is evaluating that.

BUY

Largely shopping centres with access to Wal-Mart stores. Well managed and good quality shopping centres. Have done really well. 6.4% yield. Good for the long-term. (He has taken some profits.)

COMMENT

Calloway (CWT.UN-T) versus RioCan (REI.UN-T)? RioCan is feeling very challenged as it can't find any growth in Canada so are expanding into the US. Calloway has always had more sites than they were using and have the Wal-Mart relationship allowing them to expand. For immediate growth and a better economy in Canada, Calloway has the advantage. Very close to being the same. Fully valued.

PAST TOP PICK

(A Top Pick July 20/09. Up 83.69%.) Still likes but a little expensive right now.

BUY

Focused on shopping centres, particularly those with Wal-Mart. That could carry them forward for the next few years. . If interest rates start to pick up, their progress could be impeded.

BUY

Focused in the retail arena. Have a lot of Wal-Mart anchored centres. Good management. Very high stability. Reasonable yield at 7.2%. Concerns on debt refinancing have been put to bed with the recent new equity issue.

TOP PICK

Not a lot of upside from a capital appreciation perspective but it has a 7%+ yield. Pay out 93% of their funds from operations and this is sustainable.

PAST TOP PICK

(A Top Pick July 20/09. Up 76%.) Roughly 30% of cash comes from Wal-Mart. There was no movement in their occupancy. Cash flow quality has been maintained. A little expensive at these levels.

TOP PICK

They had expanded at the wrong time in Ontario. These guy go and do what they say will do. They cleaned themselves up a lot. Payout is close to even. They have very good centers. Have most Wal-Mart stores.

BUY

Outdoor strip malls/retail facilities. Wal-Mart (WMT-N) is their biggest anchor. Has recovered nicely from the credit crisis. Has some room to grow. 7% distribution is safe but probably will not grow.

TOP PICK

Retail with the Smart centres including Wal-Mart. Payout ratio is about 100%.

Showing 136 to 150 of 254 entries

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Smart REIT (SRU.UN.TO)