SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Releases Earnings Results, Misses Expectations By $0.08 EPS

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUFGet Free Report) announced its earnings results on Wednesday. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08), Zacks reports. The company had revenue of $164.62 million during the quarter, compared to analysts’ expectations of $223.98 million. SmartCentres Real Estate Investment Trust had a net margin of 33.37% and a return on equity of 4.41%.

SmartCentres Real Estate Investment Trust Trading Down 0.2%

Shares of OTCMKTS:CWYUF traded down $0.03 during trading on Friday, reaching $18.58. 339 shares of the company traded hands, compared to its average volume of 24,350. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.66. SmartCentres Real Estate Investment Trust has a 52-week low of $15.99 and a 52-week high of $19.86. The business’s fifty day moving average is $19.10 and its 200-day moving average is $18.90. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 16.44 and a beta of 0.93.

SmartCentres Real Estate Investment Trust Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.1121 dividend. The ex-dividend date was Monday, September 29th. This represents a yield of 693.0%. SmartCentres Real Estate Investment Trust’s payout ratio is presently 115.93%.

SmartCentres Real Estate Investment Trust Company Profile

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SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 191 strategically located properties in communities across the country. SmartCentres has approximately $12.0 billion in assets and owns 35.0 million square feet of income producing value-oriented retail and first-class office properties with 98.5% in place and committed occupancy, on 3,500 acres of owned land across Canada.

See Also

Earnings History for SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF)

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