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SmartCentres Real Estate Investment Trust (SRU-UN.TO)
Toronto - Toronto Real Time Price. Currency in CAD
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On March 12, 2020, SmartCentres announced the suspension of its Distribution Reinvestment Plan (the “DRIP”), effective April 13, 2020. Beginning with the April 2020 distribution, plan participants will receive distributions in cash. Upon reinstatement of the DRIP, plan participants enrolled in the DRIP at the time of its suspension will remain enrolled at the time of its reinstatement and will automatically resume participation in the DRIP at that time.
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SRU-UN.TO reached a 52 Week high at 31.27
a forever stock🚀
Almost 6.2% dividend at current price. Love that it's paid monthly too. My goal is to accumulate enough to buy a share with the monthly dividend. Set up a DRIP and so I pay no fees and just sit back and watch the power of compounding every month!
52 week high time to sell?
Picked up another 100 shares 👍
RIP Peter Ford, CEO of smartcenters.. may you watch the company grow big from above and be proud of the work you have done. Thank you
Does anybody else have other healthy dividend paying REIT? I like smart centres. Looking for more Canadian based reits with healthy dividends. Cheers
Anybody here ever consider RS.TO. It's a split stock managed by Middlefield Group started Nov. 2020. Current yield is ~7.97. Looks like they just increased it as well. RIO and SRU are included in the Top 10 holdings.
Let us know your thoughts.
SRU has increased its dividends for 7 consecutive years with 2020 being the smallest (+0.02%) bringing the monthly dividend from $0.15417 to $0.1542
The other times have all been around 2%... What i'm curious about is that SRU increases dividends October or November... which is coming up... Possible increase anyone?
Is it a good time to buy? This resistance at 30 is really tough
HR and rei better
new highs, yee haw !!
SRU.UN is here for the Long Term,
it has great businesses tenants (Walmart, Canadian Banks, Drug stores, etc..) and survived the pandemic with keeping its dividends intact. It's 100% better then its main comparison Ticker: RIO | RioCan
(which lied to investors and had to cut its dividend by HALF),
and other Canadian REITS (I'd argue GRT.UN is still better then SRU though).
1 thing people need to understand is that this company/REIT won't make you tons of cash in a few months, it will slowly grow and expand from there, likely, raising its dividends with it. For now this is literally the definition of an "Income Stock". Enjoy the dividends but that's it till news or something develops.
Why do I say this?
SRU.UN is currently building Apartments, Senior living, and expanding aggressively into residential thanks to the extra space it has around its shopping centers (meaning they literally don't have to pay for the land as they already own it). This will help it easily skyrocket and continue to pay a growing dividend to investors as people are still moving to Ontario and other major Canadian cities. Once the construction is complete we should expect minor growth to dividends and the stock price.
Position in SRU.UN:
50 Shares - Avg. $28.80
ACFO payout ratio has declined to 84.5%
Anyone know why SRU stopped reporting FFO payout ratio? Is it because it is it was like 115% this quarter?
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