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

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Smart REIT (SRU.UN.TO)

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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) is viewed by experts as a solid investment primarily due to its strong fundamentals, including high-quality tenants like Walmart, which serves as its anchor. While the REIT is recognized for its defensive nature and reliable dividend yield—close to 7%—it faces challenges in terms of growth potential, with many experts predicting limited appreciation in stock value and rental income in the current economic climate. The CEO's management and decisions, such as building condos, are praised, yet concerns linger regarding high payout ratios and dependence on a single major tenant. Overall, the outlook suggests that while the REIT remains safe, investors may find better growth opportunities elsewhere, particularly in sectors less affected by high leverage and economic fluctuations.

Consensus

Neutral

Valuation

Fair Value

Similar

CT,CT.TO

BUY

They're interesting for turning their properties into multi-purpose buildings with storage, condos and commercial spaces, which will be a big source of revenue in a few years. He also likes Choice Property REIT and Cominar REIT. Multiple expansion may happen to these REITs with declining interest rates. It's eEssential to own a REIT in your portfolio.

BUY

A year agothere was talk about the death of retail. He sees no growth in this space this year, but sees 6.5% AFFO growth next year. It trades at 14.4x and pays a 5-6% dividend. It's cheap vs. its peers. He likes it.

PAST TOP PICK

(A Top Pick Jul 31/18, Up 14%) One of the better REITs he has recommended. Walmart is the anchor for this holding -- a very strong tenant. They have new development in Northern Toronto, where condos are being built with 14% ROIs. Great management that continues to add value. Not an overly complicated REIT -- he likes that.

WATCH

They hold the supercentre malls in the suburbs anchored by Walmart. A good stock that pays a decent dividend. But he isn't super bullish, because Amazon will continue to take share of retail. Retailers will expand online and therefore pressure down retail rents.

PAST TOP PICK

(A Top Pick Apr 05/18, Up 19%) There is a lot of turmoil in retail but they are demonstrating that brick and mortar still attracts the crowds. Good yield. Still likes it.

DON'T BUY

Owns mainly big box centres leased to Walmart. Doesn't own it because the core portfolio generates only 0-1% earnings growth a year. Future development is already built into the stock. Raise dividend about 1-2% a year. Gains in next few years should fund the distribution in the next few years.

BUY ON WEAKNESS

This is a final name. He sees them growing at 3.6% rate. Cheap enough at 15.2 times 2019. Trading in line with the REIT universe. Doing very well in occupancy. Dividend is safe. It was $28 in the last 12 months. You can probably get it at a lower price.

BUY

Since 2017, the chart is a rounded bottom, like a wide U. It looks good now. It's testing the $34 level. A bullish chart that looks good.

PAST TOP PICK

(A Top Pick Apr 05/18, Up 25%) An example of a name in retail. Around 60% Ontario and the rest around the country. Now growth might be muted. He would still buy it for the yield.

BUY

Loves it. Has long owned it. The typical Canadian has been in 3 of 4 of the stores they own in the last month. Very well-diversified. The death of retail (malls) has passed them well, and Smart has performed well.

BUY ON WEAKNESS

An exceptional company with great leadership. In a meeting with the Chairman a few days ago he sees a very forward thinking team. Walmart is their biggest tenant – the only retailer to compete effectively against Amazon. At its current NAV it is worth waiting to buy on weakness.

TOP PICK

Yes, it’s retail, but best in class. Trades at 15x earnings, which is cheap. Spectacular management. Anchors for Walmart, which is doing well against Amazons of the world. Aggressive development in Toronto. Best tenants and assets. Diversifying and creating more margin. Yield is 5.8%. (Analysts’ price target is $32.61.)

DON'T BUY

He does not presently hold any REITs today. It is consumer retail sales orientated and is interest rate sensitive. He is leery of both of these fundamental drivers.

DON'T BUY

There is a lot of debate about the REIT sector. He is not at the point where he thinks it is time to step in. There is a lot of competition in the holding of retail assets and with the potential of retail shop closures. He owns WPT-T instead, which is more warehouse related.

BUY

Mitch Goldhar was the founder who transformed SMART, the main landlord for Walmart. He's come back to execute and go up against Amazon. They are doing an amazing development north of Toronto. This has a chance to grow. It has one of the best lead tenants--a good anchor. It's best in class and a core holding for him. He really likes this.

Showing 46 to 60 of 254 entries

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Smart REIT (SRU.UN.TO)