SmartCentres Real Estate Investment Trust is a Canadian real estate investment trust focused on the ownership, development and management of retail-anchored shopping centres and mixed-use properties. Established in 1994, the trust has grown through disciplined acquisitions and in-house development, targeting properties that deliver stable rental income and strong long-term growth potential. It is known for partnering with major national and international retailers, particularly Walmart Canada, to create neighbourhood and community shopping destinations.
The trust’s core activities include site selection, property development, leasing, asset management and property maintenance. Beyond traditional retail centres, SmartCentres has diversified into residential, office, industrial and hotel projects, integrating retail with other uses to support evolving consumer lifestyles. In recent years, the trust has expanded its mixed-use program, launching transit-oriented developments and urban-infill projects that feature multi-family housing, office space and hospitality components alongside retail amenities.
SmartCentres primarily serves markets across Canada, with a strong presence in Ontario and growing portfolios in British Columbia, Alberta, Quebec and the Atlantic provinces. The trust’s geographically diversified holdings allow it to capitalize on regional population growth and urbanization trends. It maintains a national footprint while tailoring each development to local demographics, transportation corridors and consumer preferences.
Headquartered in Vaughan, Ontario, SmartCentres is led by Mitchell Goldhar, who serves as Chairman and Chief Executive Officer. Under his leadership, the trust completed its initial public offering on the Toronto Stock Exchange in 2010 and has since pursued strategic expansions and joint ventures. SmartCentres continues to emphasize long-term partnerships, sustainable development practices and value creation for unitholders through both organic growth and targeted acquisitions.
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