HOLD
A defensive chapter within the retail story. Pristine balance sheet. 1/3 of space anchored by WMT, a strong leasing partner. Selling on-site condos, and immigration keeps demand high. Yield is 6%.
investment companies / funds

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DON'T BUY
Solid operations, slight beat. Operating income up 5%. He's modelled a decent growth rate of 4.6% 2021-23. Nice dividend, good payout ratio. Reasonable multiple. Don't buy here. He wants a nicer growth rate such as with CRR.UN. See his Top Picks.
investment companies / funds
WAIT
He owns the bonds. Retail nature doesn't fit his criteria. One of the better retail assets out there, anchored by WMT, a very strong tenant. Adding condos, rentals, and developments. He's hesitant to get back into retail. Not a bad entry point.
investment companies / funds
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Diversification effort makes sense. Management is solid and the CEO has significant stakes in the REIT. Revenu was inline with estimates. Per-unit cash flow was 5% better, rising 12%. Occupancy was 97.4%. Debt ratio is good at 42.9% and payout ratio is ok with 85.8%. Fine for income. Unlock Premium - Try 5i Free

investment companies / funds
COMMENT
Great development sites. A good site north of Toronto will add lots of value. Doesn't have same internal growth prospects as some others but is very defensive with a stable distribution. What will close gap to NAV. Not adding today.
investment companies / funds
HOLD
Great operator. Dominant lease to WMT, so distribution is safe. Long-term hold for income. As a total return investor, he looks for more. Tougher leasing environment, below 98% occupancy level.
investment companies / funds
PAST TOP PICK
(A Top Pick Oct 19/20, Up 59%) A year ago people were seeing lock-downs but most properties have Walmart and Dollarama, which stayed open, as tenants. He still likes these REITs. You might want to trim a bit of your gains.
investment companies / funds
HOLD
65% Walmart. It is retail, anchored primarily by Walmart. It comes with very low rent growth but an attractive distribution growth that is quite safe. He can find growth and value elsewhere, however.
investment companies / funds
BUY
SRU.UN has a nice distribution and looks good from a price to growth level.
investment companies / funds
DON'T BUY
It is a great company. There is not necessarily a grocery component in their centers. It is trading on parity with net asset value. It has the lowest earnings growth amongst its peers and so he is not looking to own this stock today. The yield is solid, however.
investment companies / funds
COMMENT

Walmart is their anchor tenant, so Smart is rock-solid stable. They collected a high percentage of rents during the pandemic. But prospects are limited. SRU may see only 1-2% rent growth when new space comes to market, far below to peers of 5-10% like Riocan. He prefers grocery-anchored shopping centres, like First Capital REIT.

investment companies / funds
BUY

Many minefields in REITs now, but SRU is a safe bet. It hold more retail. He'd avoid office space more than retail, though retail will come back after Covid. SRU has good liquidity. Walmart is 26% of their net operating income. SRU's occupancy remains in the mid/high-90s in good locations which could be redeveloped if retail wanes later. SRU is solid and in a good spot for the recovery.

investment companies / funds
SELL

Focus on Walmart and adjacent retail. Likes Walmart, but the adjacent retail faces headwinds. Management team says better growth in residential than in retail. She'd take this cue and invest in companies that already have residential exposure. Talk of distribution cut.

investment companies / funds
TOP PICK

He likes this retail REIT. It is trading at a 25-30% discount to NAV but Wal-Mart is the anchor tenant to 70% of their properties. 9% yield. The anchor tenant drives some of the traffic to the other stores. Post-vaccine, these will come back. (Analysts’ price target is $25.13)

investment companies / funds
DON'T BUY
Lots of GTA multi-use with commercial too. With REIT that have commercial exposure, it's hard to see what they are doing. He would prefer warehouse REITs or grocery anchored REITs.
investment companies / funds
Showing 1 to 15 of 234 entries

Smart REIT(SRU.UN-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 3

Stockchase rating for Smart REIT is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Smart REIT(SRU.UN-T) Frequently Asked Questions

What is Smart REIT stock symbol?

Smart REIT is a Canadian stock, trading under the symbol SRU.UN-T on the Toronto Stock Exchange (SRU.UN-CT). It is usually referred to as TSX:SRU.UN or SRU.UN-T

Is Smart REIT a buy or a sell?

In the last year, 3 stock analysts published opinions about SRU.UN-T. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Smart REIT.

Is Smart REIT a good investment or a top pick?

Smart REIT was recommended as a Top Pick by on . Read the latest stock experts ratings for Smart REIT.

Why is Smart REIT stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Smart REIT worth watching?

3 stock analysts on Stockchase covered Smart REIT In the last year. It is a trending stock that is worth watching.

What is Smart REIT stock price?

On 2022-12-02, Smart REIT (SRU.UN-T) stock closed at a price of $27.26.