CWYUF - SmartCentres Real Estate Investment Trust
SmartCentres Real Estate Investment Trust
3200 Highway 7
Vaughan, ON L4K 5Z5
Canada
905-326-6400
https://www.smartcentres.com
Sector(s): Real Estate
Industry: REIT—Retail
Full-time employees:
Key executives
| Name | Title | Pay | Exercised | Year born |
|---|---|---|---|---|
| Mr. Mitchell Goldhar | Exec. Chairman & CEO | 669.3k | N/A | 1962 |
| Mr. Peter L. Slan CA | Chief Financial Officer | 108.37k | N/A | N/A |
| Mr. Rudy Gobin | Exec. VP of Portfolio Management & Investments | 687.72k | N/A | 1962 |
| Ms. Shea Nerland Calnan | Legal Counsel | N/A | N/A | N/A |
| Mr. Fernando Vescio | Sr. VP of HR & Corp. Services | N/A | N/A | N/A |
| Ms. Erin Shirley | Director of Asset Management | N/A | N/A | N/A |
| Ms. Paula Bustard | Exec. VP of Devel. | N/A | N/A | 1979 |
| Mr. Allan Scully | Exec. VP of Devel. | N/A | N/A | 1967 |
| Ms. Julia Mok | Director of Operations Accounting | N/A | N/A | N/A |
| Mr. Tom Bazinet | Sr. Director of Property Management | N/A | N/A | N/A |
Description
SmartCentres Real Estate Investment Trust is one of Canada's largest fully integrated REITs, with a best-in-class portfolio featuring 185 strategically located properties in communities across the country. SmartCentres has approximately $11.7 billion in assets and owns 34.8 million square feet of income producing value-oriented retail and first-class office space with 98.0% 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. The publicly announced $14.9 billion intensification program ($10.0 billion at SmartCentres' share) represents the REIT's current major development focus on which construction is expected to commence within the next five years. 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 56.1 million square feet (41.2 million square feet at SmartCentres' share) of space, 27.2 million square feet (18.5 million square feet at SmartCentres' share) of which has or will commence construction within the next five years. From shopping centres to city centres, SmartCentres is uniquely positioned to reshape the Canadian urban and urban-suburban landscape. Included in this intensification program is the Trust's share of SmartVMC which, when completed, is expected to include approximately 20.0 million square feet of mixed-use space in Vaughan, Ontario. Final closings of the first three phases of Transit City Condominiums began ahead of budget and ahead of schedule in August 2020 and all 1,741 units, in addition to the 22 townhomes that complete these phases, have now closed. The fourth and fifth sold-out phases representing 1,026 units are currently under construction and are expected to close in the first half of 2023.
Corporate governance
SmartCentres Real Estate Investment Trust’s ISS governance QualityScore as of 1 June 2023 is 7. The pillar scores are Audit: 10; Board: 7; Shareholder rights: 8; Compensation: 5.
