Earnings Call Summary | SMARTCENTRES REAL ESTATE INVESTMENT(CWYUF.US) Q1 2024 Earnings Conference
Earnings Call Summary | SMARTCENTRES REAL ESTATE INVESTMENT(CWYUF.US) Q1 2024 Earnings Conference
The following is a summary of the SmartCentres Real Estate Investment Trust (CWYUF) Q1 2024 Earnings Call Transcript:
以下是SmartCenters房地產投資信託基金（CWYUF）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
SmartCentres REIT kicked off Q1 2024 with rental increases of 8.9% over 4.4 million square feet extended.
Same-property NOI experienced growth of $4 million, an advancement of 3% from the same quarter the previous year.
SmartCentres reported Funds from Operations (FFO) per fully diluted unit of $0.48, declining from $0.54 in Q1 2023 because of a decrease in total return swap's fair value and a lack of condominium closings.
Adjusted debt to EBITDA ratio showed light improvements, registering at 9.8x in Q1 2024, compared to 10x in 2023.
The REIT marked a slight decrease in portfolio occupancy due to two tenant vacancies.
They experienced an $118.9 million fair-value reduction in investment properties portfolio.
智能中心房地產投資信託基金於2024年第一季度拉開序幕，租金增長了8.9％，超過440萬平方英尺。
同類物業的NOI增長了400萬美元，比去年同期增長了3％。
SmartCenters報告稱，全面攤薄後的每單位運營資金（FFO）爲0.48美元，低於2023年第一季度的0.54美元，這是由於總回報互換的公允價值下降以及公寓未關閉。
調整後的債務與息稅折舊攤銷前利潤比率略有改善，2024年第一季度爲9.8倍，而2023年爲10倍。
由於兩個租戶空缺，房地產投資信託基金的投資組合佔用率略有下降。
他們的投資物業組合的公允價值減少了1.189億美元。
Business Progress:
業務進展：
Portfolio development and limited capital recycling is on the strategic agenda to focus on debt reduction and development cost funding.
Expansion in the pipeline as SmartCentres plans to lease to names like TJX banners, Dollarama, Shoppers Drug Mart, LCBO, Banks, Canadian Tire, and national grocers.
The trust has secured significant permissions for mixed-use, adding value to its NAV.
Active projects include the 40-story artwork project and the advancement of Vaughan Northwest townhomes.
They have experienced strong interest from national tenants, predicting swift space renewals.
They continue to grow the mixed-use portfolio with around 86 million square feet in the pipeline.
The REIT announced further potential for Walmart expansions in Canada and steady growth in its self-storage portfolio.
投資組合發展和有限資本回收已列入戰略議程，重點是債務減免和發展成本融資。
隨着SmartCenters計劃向TJX banner、Dollarama、Shoppers Drug Mart、LCBO、銀行、加拿大輪胎和全國雜貨商等公司進行租賃，擴張正在進行中。
該信託已獲得大量的混合用途許可，爲其資產淨值增加了價值。
活躍的項目包括40層高的藝術品項目和沃恩西北地區聯排別墅的改造。
他們引起了全國租戶的濃厚興趣，他們預計空間將迅速更新。
他們繼續擴大混合用途投資組合，在建面積約8600萬平方英尺。
房地產投資信託基金宣佈，沃爾瑪在加拿大擴張的進一步潛力及其自助存儲投資組合的穩定增長。
More details: SMARTCENTRES REAL ESTATE INVESTMENT IR
更多詳情： SMARTCENTERS 房地產投資 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。