SmartCentres Real Estate Investment Trust is a Canadian real estate investment trust, based in Vaughan, Ontario. It specializes in retail real estate, especially power centres. Almost all of its malls have Walmart as a tenant;[1] SmartCentre's logo features a family of penguins with shopping bags.
SmartCentres cobranded Penguin Pickup with Walmart at a lot of the SmartCentres locations, to merge Bricks & Mortar and e-commerce.
It is listed on the Toronto Stock Exchange (symbol ), with a market capitalization of about $4.74 billion as of February 2019.
History
SmartCentres was founded in 1994 by Mitchell Goldar, as FirstPro Shopping Centres.[2] It was renamed SmartCentres Inc. in 2006. In 2015, it was taken over by Calloway REIT, which then renamed itself SmartREIT. It changed its name to SmartCentres REIT in 2017.