SmartCentres Real Estate Investment Trust (SRU-UN) Fair Value & Analysis
Real Estate · CA · Market cap C$5.9B
Fair value as of: Jul 16, 2026
From 24 valuation models · updated 6 days ago
Fair value updated Jul 16, 2026, revised from C$29.58 to C$23.52 (−20.5%) since Jun 26, 2026.
Price vs Fair Value (12 months)
12‑month range C$23.85 – C$30.69 · fair‑value band C$17.64 – C$29.41 · the C$30.29 price screens above the C$23.52 fair value. As of Jul 16, 2026.
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SmartCentres Real Estate Investment Trust (SRU-UN) currently trades at C$30.29, while our model-based Fair Value estimate is C$23.52, implying the stock looks roughly 22.4% overvalued today. We read business quality at 66/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, SmartCentres Real Estate Investment Trust generated revenue of C$939M at a net margin of 38.9%. Revenue grew 1.7% year over year. It earns a return on equity of 7.1%. Net debt stands at C$5.2B. Fundamentals as of Jul 16, 2026
Our scenario range runs from C$17.64 (bear case) to C$29.41 (bull case); at C$30.29, the current price sits above that range. The share trades near its 52-week high and 29% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -35% fair-value upside, at -22%, SRU-UN screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 16, 2026. TTM = trailing twelve months.
About the company
SmartCentres Real Estate Investment Trust is one of Canada's largest fully integrated REITs. With a best-in-class and growing mixed-use portfolio featuring 200 strategically located properties in communities across the country. SmartCentres has approximately 12.3 billion dollars in assets and owns 35.5 million square feet of income producing value-oriented retail and first-class office properties with 97.6% in place and committed occupancy, on 3,500 acres of owned land across Canada. SmartCentres Real Estate Investment Trust was incorporated in 2007 in Alberta, Canada.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
SmartCentres Real Estate Investment Trust reported revenue of C$927M in FY2025 versus C$781M in FY2021, a compound +4.4%/yr. Reported net income was C$252M in FY2025, compounding −14.7%/yr from FY2021.
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Recent news
- Strategic Storage Growth Trust III, Inc. Opens First Greater Montréal Self-Storage Facility, with Class A Laval Property
- SmartCentres Real Estate Investment Trust to Release 2026 Second Quarter Results and Host Conference Call
- SmartCentres Releases 2025 Environmental, Social and Governance Report
- SmartCentres Declares Distribution for June 2026
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection, not financial advice.
Similar stocks
10 more REIT - Retail stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Simon Property Group SPG | $222.15 | $86.11 | -61% |
| Realty Income Corporation O | $61.53 | $39.73 | -35% |
| Kimco Realty Corporation K1IM34 | R$131.30 | R$14.74 | -89% |
| Unibail-Rodamco-Westfield SE URW | €99.00 | €41.66 | -58% |
| Scentre Group STGPF | $2.73 | $2.40 | -12% |
| CapitaLand Integrated Commercial Trust (CICT or the Trust) C38U | 2.27 SGD | 1.39 SGD | -39% |
| Regency Centers Corporation R1EG34 | R$204.35 | R$165.13 | -19% |
| Link Real Estate Investment Trust (Link REIT) 0823 | HK$37.54 | HK$20.88 | -44% |
| Klépierre SA LI | €35.90 | €29.87 | -17% |
| Federal Realty Investment Trust FRT | $123.68 | $80.89 | -35% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.