SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Releases Quarterly Earnings Results, Beats Expectations By $998.61 EPS

Key Points

• SmartCentres REIT reported an eye‑catching $999.00 EPS, beating the consensus of $0.39 by $998.61, while quarterly revenue of $169.01 million missed the $175.00 million estimate.
• Shares slipped 0.8% to $20.89 after the release; the trust has a market cap of $3.72 billion, a PE of 11.73, and a 12‑month trading range of $17.28–$21.20.
• Analyst sentiment is mixed with a consensus Hold (one Buy, two Holds); Colliers upgraded to “moderate buy” while Zacks and TD Securities recently cut ratings.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report) posted its earnings results on Wednesday. The company reported $999.00 EPS for the quarter, topping the consensus estimate of $0.39 by $998.61, reports. SmartCentres Real Estate Investment Trust had a net margin of 46.42% and a return on equity of 6.76%. The firm had revenue of $169.01 million during the quarter, compared to analysts' expectations of $175.00 million.

SmartCentres Real Estate Investment Trust Stock Down 0.8%

Shares of OTCMKTS CWYUF traded down $0.17 during trading on Thursday, reaching $20.89. The company had a trading volume of 10,878 shares, compared to its average volume of 29,601. SmartCentres Real Estate Investment Trust has a 12-month low of $17.28 and a 12-month high of $21.20. The stock has a market cap of $3.72 billion, a PE ratio of 11.73 and a beta of 0.85. The business's 50-day moving average is $20.08 and its 200 day moving average is $19.47. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.70.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Colliers Securities raised shares of SmartCentres Real Estate Investment Trust to a "moderate buy" rating in a research report on Thursday, April 16th. Zacks Research cut shares of SmartCentres Real Estate Investment Trust from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 14th. Finally, TD Securities cut shares of SmartCentres Real Estate Investment Trust from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 5th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, SmartCentres Real Estate Investment Trust presently has a consensus rating of "Hold".

SmartCentres Real Estate Investment Trust Company Profile

SmartCentres Real Estate Investment Trust is a Canada-based real estate investment trust specializing in the ownership, development and management of retail-focused commercial properties. The trust's portfolio is anchored predominantly by Walmart Canada, complemented by a mix of other national and regional tenants. SmartCentres targets high-traffic, community-centric locations, offering grocery, discount department, service and specialty retailers within its shopping centres.

Originally established in 1994, the trust has grown through a combination of development, strategic acquisitions and redevelopments.

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