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

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) is anticipated to announce its earnings results after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $240.90 million for the quarter.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. SmartCentres Real Estate Investment Trust had a return on equity of 4.44% and a net margin of 30.60%. On average, analysts expect SmartCentres Real Estate Investment Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

SmartCentres Real Estate Investment Trust Price Performance

OTCMKTS:CWYUF opened at $18.20 on Wednesday. SmartCentres Real Estate Investment Trust has a 12-month low of $15.82 and a 12-month high of $20.23. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 15.69 and a beta of 0.93. The stock’s 50 day moving average price is $17.73 and its two-hundred day moving average price is $17.71. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.71.

SmartCentres Real Estate Investment Trust Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.1542 dividend. The ex-dividend date is Wednesday, April 30th. This is a positive change from SmartCentres Real Estate Investment Trust’s previous dividend of $0.11. This represents a yield of 10.14%. SmartCentres Real Estate Investment Trust’s payout ratio is 110.34%.

About SmartCentres Real Estate Investment Trust

SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 191 strategically located properties in communities across the country. SmartCentres has approximately $12.0 billion in assets and owns 35.0 million square feet of income producing value-oriented retail and first-class office properties with 98.5% in place and committed occupancy, on 3,500 acres of owned land across Canada.