SmartCentres Historical Income Statement

SRU-UN Stock

CAD 25.61 0.08 0.31%

Historical analysis of SmartCentres Real income statement accounts such as Gross Profit of 338.2 M, Other Operating Expenses of 226.9 M, Operating Income of 313.1 M or Ebit of 594.5 M can show how well SmartCentres Real Estate performed in making a profits. Evaluating SmartCentres Real income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of SmartCentres Real's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining SmartCentres Real Estate latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether SmartCentres Real Estate is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SmartCentres Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

About SmartCentres Income Statement Analysis

SmartCentres Real Estate Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to SmartCentres Real shareholders. The income statement also shows SmartCentres investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

SmartCentres Real Income Statement Chart

At present, SmartCentres Real's EBIT is projected to increase significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 52 M, whereas Depreciation And Amortization is forecasted to decline to about 12.3 M.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses

Total Revenue

Total revenue comprises all receipts SmartCentres Real Estate generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of SmartCentres Real Estate minus its cost of goods sold. It is profit before SmartCentres Real operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of SmartCentres Real Estate. It is also known as SmartCentres Real overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from SmartCentres Real's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into SmartCentres Real Estate current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SmartCentres Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

	2021	2022	2023	2024 (projected)
Interest Expense	141.2M	147.5M	160.3M	102.4M
Depreciation And Amortization	361.1M	244.0M	13.0M	12.3M

Interest Expense Depreciation And Amortization

SmartCentres Real income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Cost Of Revenue	Net Income From Continuing Ops	Minority Interest	Net Interest Income	Interest Income	Research Development	Reconciled Depreciation	Selling And Marketing Expenses
Depreciation And Amortization		0.3	0.67	0.53	0.5	0.58	0.47	-0.72	0.48	0.55	0.22	-0.11	-0.06	0.2	0.56	0.18	0.12	0.26	-0.19	-0.01	0.15	0.32
Interest Expense	0.3		0.66	0.89	0.9	0.83	0.87	0.26	0.86	0.48	0.45	-0.09	0.3	0.06	0.86	0.06	-0.05	0.0	0.19	-0.06	0.16	0.11
Selling General Administrative	0.67	0.66		0.88	0.86	0.93	0.79	-0.14	0.8	0.84	0.56	0.03	0.31	0.23	0.9	0.43	-0.39	0.15	0.38	0.19	0.48	0.1
Total Revenue	0.53	0.89	0.88		1.0	0.98	0.91	0.08	0.91	0.7	0.51	-0.1	0.27	0.26	0.99	0.26	-0.27	0.0	0.35	0.04	0.32	0.0
Gross Profit	0.5	0.9	0.86	1.0		0.96	0.9	0.1	0.9	0.68	0.53	-0.08	0.31	0.22	0.97	0.27	-0.26	0.03	0.33	0.07	0.26	-0.01
Other Operating Expenses	0.58	0.83	0.93	0.98	0.96		0.89	0.04	0.9	0.79	0.49	-0.13	0.21	0.33	1.0	0.29	-0.33	-0.06	0.4	0.02	0.47	-0.05
Operating Income	0.47	0.87	0.79	0.91	0.9	0.89		0.18	1.0	0.59	0.66	0.1	0.26	0.4	0.9	0.42	-0.31	0.09	0.26	0.21	0.37	0.09
Ebit	-0.72	0.26	-0.14	0.08	0.1	0.04	0.18		0.19	0.04	0.23	0.16	0.2	0.22	0.05	0.18	-0.5	-0.41	0.45	0.19	0.23	-0.57
Ebitda	0.48	0.86	0.8	0.91	0.9	0.9	1.0	0.19		0.63	0.66	0.09	0.25	0.42	0.91	0.44	-0.34	0.06	0.27	0.21	0.4	0.05
Total Operating Expenses	0.55	0.48	0.84	0.7	0.68	0.79	0.59	0.04	0.63		0.45	-0.02	0.21	0.36	0.73	0.46	-0.54	-0.14	0.39	0.23	0.58	-0.34
Income Before Tax	0.22	0.45	0.56	0.51	0.53	0.49	0.66	0.23	0.66	0.45		0.79	0.75	0.12	0.47	0.84	-0.59	0.29	0.22	0.78	0.18	0.04
Total Other Income Expense Net	-0.11	-0.09	0.03	-0.1	-0.08	-0.13	0.1	0.16	0.09	-0.02	0.79		0.76	-0.19	-0.15	0.73	-0.45	0.39	0.03	0.84	-0.1	0.11
Net Income	-0.06	0.3	0.31	0.27	0.31	0.21	0.26	0.2	0.25	0.21	0.75	0.76		-0.5	0.2	0.49	-0.4	0.35	0.21	0.59	-0.16	0.05
Income Tax Expense	0.2	0.06	0.23	0.26	0.22	0.33	0.4	0.22	0.42	0.36	0.12	-0.19	-0.5		0.32	0.41	-0.45	-0.41	0.27	0.14	0.57	-0.43
Cost Of Revenue	0.56	0.86	0.9	0.99	0.97	1.0	0.9	0.05	0.91	0.73	0.47	-0.15	0.2	0.32		0.25	-0.28	-0.05	0.39	-0.01	0.43	-0.01
Net Income From Continuing Ops	0.18	0.06	0.43	0.26	0.27	0.29	0.42	0.18	0.44	0.46	0.84	0.73	0.49	0.41	0.25		-0.79	0.2	0.29	0.92	0.26	-0.17
Minority Interest	0.12	-0.05	-0.39	-0.27	-0.26	-0.33	-0.31	-0.5	-0.34	-0.54	-0.59	-0.45	-0.4	-0.45	-0.28	-0.79		0.23	-0.75	-0.65	-0.54	0.59
Net Interest Income	0.26	0.0	0.15	0.0	0.03	-0.06	0.09	-0.41	0.06	-0.14	0.29	0.39	0.35	-0.41	-0.05	0.2	0.23		-0.48	0.34	-0.4	0.68
Interest Income	-0.19	0.19	0.38	0.35	0.33	0.4	0.26	0.45	0.27	0.39	0.22	0.03	0.21	0.27	0.39	0.29	-0.75	-0.48		0.11	0.6	-0.47
Research Development	-0.01	-0.06	0.19	0.04	0.07	0.02	0.21	0.19	0.21	0.23	0.78	0.84	0.59	0.14	-0.01	0.92	-0.65	0.34	0.11		-0.06	-0.07
Reconciled Depreciation	0.15	0.16	0.48	0.32	0.26	0.47	0.37	0.23	0.4	0.58	0.18	-0.1	-0.16	0.57	0.43	0.26	-0.54	-0.4	0.6	-0.06		-0.33
Selling And Marketing Expenses	0.32	0.11	0.1	0.0	-0.01	-0.05	0.09	-0.57	0.05	-0.34	0.04	0.11	0.05	-0.43	-0.01	-0.17	0.59	0.68	-0.47	-0.07	-0.33

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SmartCentres Real Account Relationship Matchups

SmartCentres Real income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	474.9M	332.4M	361.1M	244.0M	13.0M	12.3M
Interest Expense	155.2M	156.8M	141.2M	147.5M	160.3M	102.4M
Selling General Administrative	34.1M	41.3M	46.0M	50.5M	36.4M	20.7M
Total Revenue	806.4M	781.3M	780.8M	804.6M	929.4M	513.1M
Gross Profit	519.9M	474.7M	501.2M	521.2M	608.4M	338.2M
Other Operating Expenses	322.0M	349.2M	326.9M	335.3M	351.8M	226.9M
Operating Income	500.9M	506.0M	674.4M	488.4M	577.6M	313.1M
Ebit	34.0M	188.1M	325.7M	254.7M	566.2M	594.5M
Ebitda	509.0M	520.4M	686.8M	498.7M	579.2M	347.2M
Total Operating Expenses	35.4M	42.6M	47.4M	51.8M	30.8M	52.0M
Income Before Tax	374.2M	89.9M	987.7M	636.0M	510.1M	301.0M
Total Other Income Expense Net	(110.2M)	(342.1M)	313.3M	147.5M	(67.5M)	(70.8M)
Net Income	152.2M	(143.5M)	475.3M	811.1M	413.7M	208.2M
Income Tax Expense	222.0M	233.4M	512.4M	(175.1M)	331.8M	348.4M
Cost Of Revenue	286.5M	306.6M	279.5M	283.4M	321.0M	182.2M
Net Income From Continuing Ops	374.2M	89.9M	987.7M	636.0M	510.1M	496.5M
Net Income Applicable To Common Shares	314.0M	75.3M	828.0M	516.0M	593.5M	406.5M
Minority Interest	875.1M	849.6M	(159.7M)	(119.9M)	(96.4M)	(91.6M)
Net Interest Income	(145.4M)	(144.8M)	(132.2M)	(132.6M)	(144.1M)	(151.3M)
Interest Income	11.7M	15.2M	12.9M	18.5M	19.9M	14.9M
Research Development	0.45	0.04	0.98	0.77	0.51	0.58
Reconciled Depreciation	8.0M	14.5M	12.5M	10.3M	10.6M	11.4M

Pair Trading with SmartCentres Real

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SmartCentres Real position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SmartCentres Real will appreciate offsetting losses from the drop in the long position's value.

Moving together with SmartCentres Stock

0.63

Toronto Dominion Bank

Pair Corr

Moving against SmartCentres Stock

0.69	RY-PM	Royal Bank	Pair Corr
0.65	TD-PFD	Toronto Dominion Bank	Pair Corr
0.64	TD-PFI	Toronto Dominion Bank	Pair Corr
0.61	RY-PS	Royal Bank	Pair Corr
0.49	RY	Royal Bank	Pair Corr

The ability to find closely correlated positions to SmartCentres Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SmartCentres Real when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SmartCentres Real - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SmartCentres Real Estate to buy it.

The correlation of SmartCentres Real is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SmartCentres Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SmartCentres Real Estate moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for SmartCentres Real can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in SmartCentres Stock

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SmartCentres Historical Income Statement

About SmartCentres Income Statement Analysis

SmartCentres Real Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

SmartCentres Real income statement Correlations

SmartCentres Real Account Relationship Matchups

High Positive Relationship

High Negative Relationship

SmartCentres Real income statement Accounts

Pair Trading with SmartCentres Real

Moving together with SmartCentres Stock

Moving against SmartCentres Stock

Other Information on Investing in SmartCentres Stock

COMMON DESTINATIONS

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Gross Profit	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Ebitda	+ 1.0	Operating Income
Cost Of Revenue	+ 0.99	Total Revenue
Other Operating Expenses	+ 0.98	Total Revenue
Cost Of Revenue	+ 0.97	Gross Profit

Minority Interest	- 0.79	Net Income From Continuing Ops
Interest Income	- 0.75	Minority Interest
Ebit	- 0.72	Depreciation And Amortization
Research Development	- 0.65	Minority Interest
Minority Interest	- 0.59	Income Before Tax
Selling And Marketing Expenses	- 0.57	Ebit