01:43 PM EST, 11/25/2025 (MT Newswires) -- SmartCentres REIT (SRU-UN.TO) third-quarter results showed strong demand from necessity-based retailers for high-quality locations across Canada, notes Stifel Canada.

Retention remains high and vacancy is low. As such, the REIT s signaling that the future retail development opportunity on existing land over the next three to five years is expanding.

"The 7.1% distribution yield is attractive; however, the runway for earnings through 2027 is relatively limited, in our view."

Maintain $27 target and Market Perform rating

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