SmartCentres Real Estate Investment Trust (CWYUF) Expected to Post Earnings on Wednesday

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) is expected to be announcing its results after the market closes on Wednesday, November 4th. Analysts expect SmartCentres Real Estate Investment Trust to post earnings of $0.39 per share and revenue of $159.99 million for the quarter.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last announced its earnings results on Thursday, August 6th. The company reported ($0.59) EPS for the quarter, missing the consensus estimate of $0.41 by ($1.00). The company had revenue of $159.07 million during the quarter, compared to analysts’ expectations of $162.68 million. On average, analysts expect SmartCentres Real Estate Investment Trust to post $1.60 EPS for the current fiscal year and $1.57 EPS for the next fiscal year.

SmartCentres Real Estate Investment Trust Stock Up 0.6%

OTCMKTS CWYUF opened at $19.42 on Wednesday. SmartCentres Real Estate Investment Trust has a 1 year low of $17.16 and a 1 year high of $22.55. The business’s fifty day moving average is $19.31 and its two-hundred day moving average is $20.18.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded SmartCentres Real Estate Investment Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, SmartCentres Real Estate Investment Trust currently has a consensus rating of “Buy”.

SmartCentres Real Estate Investment Trust Company Profile

SmartCentres Real Estate Investment Trust is a Canadian real estate investment trust that owns, develops and manages a portfolio of retail and mixed-use properties. The trust is best known for shopping centres anchored by major retailers, including Walmart locations, and serves consumers and commercial tenants across Canada.

In addition to its retail properties, SmartCentres has expanded into residential and mixed-use development. Its projects may combine shopping, multifamily housing, office space, self-storage and other complementary uses, allowing the trust to create larger, integrated communities around established retail locations.

SmartCentres traces its roots to the development of Walmart-anchored shopping centres in Canada and has grown into one of the country’s prominent retail-focused real estate platforms.