SmartCentres Real Estate Investment Trust released its 2025 Environmental, Social and Governance Report, detailing its progress in sustainability and governance. The report highlights the Trust’s improved Global Real Estate Sustainability Benchmark (GRESB) score of 84/100, which earned it the 2025 Sector Leader status. This achievement reflects SmartCentres’ focus on embedding ESG strategy into its business operations to create long-term value for Unitholders and communities.

Mitchell Goldhar, Executive Chairman and CEO of SmartCentres, emphasized the execution of the decarbonization strategy and collaboration with tenants. The Trust conducted a Double Materiality Assessment to prioritize ESG-related impacts and risks. Additionally, SmartCentres further developed its Net Zero Framework to assess interim targets and emission reduction goals.

Strategic Initiatives and Governance

The Trust advanced its decarbonization strategy through a Sustainable Development Framework and approved a solar photovoltaic (PV) project. Construction of the solar project is anticipated to commence in Q3 2026. To support innovation and scalable adoption, SmartCentres established an AI Committee focused on best practices and risk management.

Governance oversight remained a priority, with an established ESG Sub-Committee of the Board. The Trust exceeded its Board diversity targets, with women representing 38% of the Trustees and independent trustees making up 75% of the Board. Cybersecurity monitoring and enterprise risk management systems were also upgraded to ensure effective risk oversight.

2025 ESG Highlights

SmartCentres manages one of Canada’s largest fully integrated REIT portfolios, featuring 200 properties and approximately $12.3 billion in assets. The portfolio includes retail, rental, office, and self-storage properties, with 35.5 million square feet of leasable space and 97.6% occupancy.

SmartCentres Real Estate Investment Trust has declared a distribution of $0.15417 per unit for June 2026, representing an annualized payout of $1.85 per unit. The distribution is payable on July 15, 2026 to unitholders of record as at June 30, 2026.

The trustees of SmartCentres approved the distribution, which provides income to unitholders based on the REIT's performance. The declaration aligns with the trust's strategy to deliver consistent returns from its portfolio.

Portfolio Overview

SmartCentres manages one of Canada's largest fully integrated real estate investment trust portfolios. The trust owns 200 strategically located properties across the country, encompassing a mix of asset classes.

Key Asset Metrics

The portfolio consists of income-producing value-oriented retail, purpose-built rental, first-class office, and self-storage properties. The high occupancy rate reflects the trust's ability to maintain demand across its diversified holdings.