SmartCentres REIT reports 98.6% occupancy in 2025 results as Rezzie rolls out off-market deal marketplace
SmartCentres REIT reported 98.6% occupancy at year-end 2025 and a 3.7% rise in same-property NOI. Fourth-quarter net rental income and other reached $143.6 million, with FFO at $0.54 per unit. The trust leased 430,000 square feet of vacant space in 2025 and opened three new self-storage facilities. Key agreements with the Penguin group were extended to Feb. 28 as negotiations continue.