SmartREIT Declares Distribution for October 2015
TORONTO, ONTARIO--(Marketwired - Oct. 20, 2015) - Smart Real Estate Investment Trust (TSX:SRU.UN) announced that the trustees of SmartREIT have declared a distribution for the month of October 2015 of CDN $0.1375 per trust unit, representing CDN $1.65 per unit on an annualized basis. Payment will be made on November 16, 2015 to unitholders of record on October 30, 2015.
SmartREIT offers Canadian unitholders the option to participate in a Distribution Reinvestment Plan ("DRIP"), a convenient and economical opportunity to automatically reinvest monthly distributions in additional units without the payment of any commissions, service charges or brokerage fees. Additional information regarding the DRIP is available at www.smartreit.com/Investor-Relations/Distributions.
SmartREIT is one of Canada's largest real estate investment trusts with total assets of approximately $8.5 billion. It owns and manages in excess of 30 million square feet in value-oriented, principally Walmart-anchored retail centres, having the strongest national and regional retailers as well as strong neighbourhood merchants. In addition, SmartREIT is a joint-venture partner in the Toronto and Montreal Premium Outlets with Simon Property Group. SmartREIT's core vision is to provide a value-oriented shopping experience in all forms to Canadian consumers and over time create high quality mixed use developments in urban settings.
With SmartREIT's recent acquisition of SmartCentres, SmartREIT has transformed into a fully integrated real estate provider. SmartREIT and SmartCentres have had a long and successful alliance, helping to provide Canadians with value-focused retail shopping centres across the country. Now, our alliance has grown even stronger, the result is a fully integrated real estate provider with expertise in planning, development, leasing, operations, and construction - all under one roof. Our new name is a reflection of our combined capabilities: SmartREIT. For more information on SmartREIT, visit www.smartreit.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Smart Real Estate Investment Trust
Chief Financial Officer
(905) 326-6400 ext. 7865