SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Announces Earnings Results

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

SmartCentres Real Estate Investment Trust Stock Performance

SmartCentres Real Estate Investment Trust stock opened at $19.12 on Thursday. 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 1 year low of $15.99 and a 1 year high of $19.86. The company’s 50-day moving average is $19.11 and its two-hundred day moving average is $18.90. The company has a market cap of $3.41 billion, a PE ratio of 16.92 and a beta of 0.93.

SmartCentres Real Estate Investment Trust Cuts Dividend

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

About SmartCentres Real Estate Investment Trust

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.