SmartCentres 2020 First Quarter Results and Conference Call


TORONTO, April 28, 2020 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX: SRU.UN) announced today that it will issue its financial results for the three months ending March 31, 2020 on Wednesday, May 6, 2020.

SmartCentres will hold a conference call on Wednesday, May 6, 2020 at 5:30 p.m. (ET). Participating on the call will be members of SmartCentres’ senior management.

Investors are invited to access the call by dialing 1-800-347-6311. You will be required to identify yourself and the organization on whose behalf you are participating. A recording of this call will be made available Wednesday, May 6, 2020 beginning at 8:30 p.m. (ET) through to 8:30 p.m. (ET) on Wednesday, May 13, 2020. To access the recording, please call 1-888-203-1112 and enter the Replay Passcode 5335567#.

About SmartCentres

SmartCentres Real Estate Investment Trust is one of Canada’s largest fully integrated REITs, with a best-in-class portfolio featuring 157 strategically located properties in communities across the country.  SmartCentres has $9.9 billion in assets and owns 34.1 million square feet of income producing value-oriented retail space with over 98% occupancy, on 3,500 acres of owned land across Canada.

SmartCentres continues to focus on enhancing the lives of Canadians by planning and developing complete, connected, mixed-use communities on its existing retail properties.  A publicly announced $12.1 billion intensification program ($5.5 billion at SmartCentres' share) represents the REIT’s current major development focus.  This intensification program consists of rental apartments, condos, seniors’ residences and hotels, to be developed under the SmartLiving banner, and retail, office, and storage facilities, to be developed under the SmartCentres banner.

SmartCentres' intensification program is expected to produce an additional 27.9 million square feet of space; all construction commencing within the next five years, 12.4 million square feet of which is already underway.

From shopping centres to city centres, SmartCentres is uniquely positioned to reshape the Canadian urban and urban-suburban landscape.  For more information, visit www.smartcentres.com.

For more information, please contact:

Peter Forde                                                                Peter Sweeney
President & CEO                                                        Chief Financial Officer
SmartCentres                                                             SmartCentres
(905) 326-6400 ext. 7615                                           (905) 326-6400 ext. 7865
pforde@smartcentres.com                                         psweeney@smartcentres.com