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Showing 1 to 15 of 226 entries
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
HOLD

It is safe in terms of distribution. They have exposure to Walmart, so in terms of cash flow it is safe, however they have zero growth. They have quite a bit of leasing to do. They have a good management team and some exciting developments. (Analysts’ price target is $20.75)

investment companies / funds
WEAK BUY
A lot of investors were agnostic about what area of real estate to get into before the pandemic but now they are getting more selective. Even within retail they are picky. He would prefer this one to other retail REITs. They can capture some of the upside. It is necessary that we can maintain these re-openings for this to work.
investment companies / funds
HOLD
Shopping-center REIT focused on Wal-Marts, who will continue to be a winner coming out of this. The only concern would be in-line tenants like fashion. They have some interesting developments. There is some talent there. But you are better off owning those sectors that will do well coming out of this.
investment companies / funds
COMMENT
REITs have been reporting that 60-80% of renters with small businesses did not require rent assistance last month. That worries him as we are really only one month into the lock downs. Absent any further government relief the real estate asset classes he prefers holding are apartment buildings and US industrial warehousing.
investment companies / funds
BUY
This is a high quality, well managed company looking at re-development opportunities. He would not hesitate owning this one. They will make the best use of their properties down the road.
investment companies / funds
WEAK BUY
Walmart is the anchor. Issue is most of future growth is going to come from transactional type deals such as condos, storage, seniors housing. Walmart portfolio of stores isn't generating any growth, and the street won't give them credit for the transactional gains. Lots in the pipeline. Valuation is fair. Dividend is safe and it grows by 1-2% every year.
investment companies / funds
COMMENT
Smart builds malls and has survived e-commerce's dominance. Has upside potential of 50%. It has resistance at $35. If things get ugly this will fall to $28. Overall, it's an okay stock.
investment companies / funds
HOLD
Real Estate is a long term asset and you should look to hold it for the compounding benefit. They have great properties that generate good cash flow with some growth. Walmart is their largest tenant and some will come up for renewal soon -- a little worrying to him.
investment companies / funds
Showing 1 to 15 of 226 entries

Smart REIT(SRU.UN-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 4

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, 4 stock analysts published opinions about SRU.UN-T. 2 analysts recommended to BUY the stock. 2 analysts 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?

4 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 2021-09-24, Smart REIT (SRU.UN-T) stock closed at a price of $30.54.