SmartCentres Real Estate Investment Trust Earnings Report

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported earnings of $0.40 per share, surpassing the expected consensus estimate of $0.39 by $0.01, according to Zacks. Additionally, SmartCentres recorded a net margin of 17.26% and a return on equity of 2.46%.

SmartCentres Real Estate Investment Trust Price Performance

During midday trading on Wednesday, CWYUF stock saw a decrease of $0.09, bringing the price to $17.29. The trading volume consisted of 16,447 shares, which is lower than the average volume of 22,834 shares. Currently, the 50-day simple moving average is at $17.24, while the two-hundred day simple moving average stands at $18.05. The company has a quick ratio and current ratio of 0.39, alongside a debt-to-equity ratio of 0.71. Over the past year, SmartCentres has seen a low of $15.82 and a high of $20.23. Its market cap is approximately $3.08 billion, with a price-to-earnings ratio of 26.20 and a beta of 1.17.

SmartCentres Real Estate Investment Trust Cuts Dividend

Recently, the company also announced a dividend that is set to be paid on Monday, February 17th. Shareholders who are on record by Monday, February 3rd will receive a dividend of $0.1071. This reflects a dividend yield of 7.63%. The ex-dividend date is scheduled for Friday, January 31st. SmartCentres has a high payout ratio of 192.42%.

Analyst Upgrades and Downgrades

In other news, TD Securities upgraded SmartCentres from a “hold” rating to a “strong-buy” rating in a research note released on Tuesday, November 19th.

Read Our Latest Stock Analysis on CWYUF

SmartCentres Real Estate Investment Trust Company Profile

(Get Free Report)

SmartCentres is recognized as one of Canada's largest fully integrated Real Estate Investment Trusts (REITs), boasting a robust and expanding mixed-use portfolio that includes 191 strategically located properties throughout the country. The firm manages assets worth approximately $12.0 billion and owns around 35.0 million square feet of income-generating value-oriented retail and premium office space, achieving an impressive occupancy rate of 98.5% across its holdings on 3,500 acres of owned land in Canada.

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