SmartCentres Real Estate Investment Trust, founded in 2006 and headquartered in Vaughan, Ontario, is a prominent Canadian REIT focused on acquiring, developing, and managing retail and mixed-use properties. The company aims to create value through strategic leasing and asset management, offering a diverse portfolio primarily anchored by major retailers across the country.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SRUUCN 1.74% 2025-12-16 CADSmartCentres Real Estate Investment Trust | Canada | 2025-12-16 | 1.740 | 2.92 |
| SRUUCN 2.31% 2028-12-18 CADSmartCentres Real Estate Investment Trust | Canada | 2028-12-18 | 2.307 | 3.53 |
| SRUUCN 3.19% 2027-06-11 CADSmartCentres Real Estate Investment Trust | Canada | 2027-06-11 | 3.192 | 3.27 |
| SRUUCN 3.44% 2026-08-28 CADSmartCentres Real Estate Investment Trust | Canada | 2026-08-28 | 3.444 | 3.25 |
| SRUUCN 3.53% 2029-12-20 CADSmartCentres Real Estate Investment Trust | Canada | 2029-12-20 | 3.526 | 3.86 |
| SRUUCN 3.56% 2025-02-06 CADSmartCentres Real Estate Investment Trust | Canada | 2025-02-06 | 3.556 | 0.00 |
| SRUUCN 3.65% 2030-12-11 CADSmartCentres Real Estate Investment Trust | Canada | 2030-12-11 | 3.648 | 4.05 |
| SRUUCN 3.83% 2027-12-21 CADSmartCentres Real Estate Investment Trust | Canada | 2027-12-21 | 3.834 | 3.43 |
| SRUUCN 5.16% 2030-08-01 CADSmartCentres Real Estate Investment Trust | Canada | 2030-08-01 | 5.162 | 4.07 |
| SRUUCN 5.35% 2028-05-29 CADSmartCentres Real Estate Investment Trust | Canada | 2028-05-29 | 5.354 | 3.62 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
SmartCentres began issuing bonds in 2014, marking its entry into the debt capital markets to support growth initiatives and capitalize on attractive investment opportunities. Notable bond issuances include a $300 million offering in 2020, with a yield of 3.3%, which was competitive within the REIT sector at the time. The REIT's bonds typically carry attractive features such as fixed interest rates and relatively long maturities, making them appealing to income-seeking investors. In recent news, SmartCentres announced plans to issue $200 million in additional bonds in late 2023 to refinance existing debt and fund ongoing developments, showcasing its commitment to growth and stability amidst market fluctuations.