SmartCentres Closes $300 Million Series AB Senior Unsecured Debenture Issue

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Not for distribution in the United States or on US wire services

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Toronto, February 05, 2025 (Globe Newswire) – SmartCenres Real Estate Investment Trust (“SmartCentres” or “TRUST”) (TSX: Sru.un) today closed its own pre -announced mode of $ 300 million. The amount of 4.737 % AB series is the largest bonds of not guaranteed. The Debentures series will ripen on August 5, 2031. K Financial Financial, Mizuho Securities, BMO Capital Markets and Casgrain as co -managers. Mooringstar DBRS has provided Smartcentres with BBB credit rating with a stable type.

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The net revenue will be used to Smartcentres from Series of Series AB, to re -financing the current debt, including the $ 160 million payment of its unpaid bonds due on February 6, 2025, which is to pay the roundabout and generally obtain companies ’purposes.

This press statement should not constitute an offer for sale, or a request for an offer to purchase, that is, securities in any judicial state. The bonds submitted were not and will not be registered under the 1933 US Securities Law and the laws of the state. Accordingly, bonds may not be submitted or sold to American people, except for the applicable exemptions from registration requirements.

About SmartCenres

Smartcentres is one of the largest integrated real estate investment funds in Canada, with a multi -use portfolio in its class and growing with 195 strategic properties in societies throughout the country. SmartCentres has about $ 11.9 billion of assets consisting of retail -to -income retail, leasing for this purpose, first -class and self -storage office. Smartcentres 35.3 million square feet of sporty space with 98.5 % has a place and committed occupancy, on an area of ​​3,500 acres of lands owned throughout Canada.

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For more information, please visit www.smartcentres.com Or contact:

Some data in this press statement is “aspiration data” that reflects management expectations regarding the future growth of confidence, the results of operations, performance, job opportunities and opportunities. More specifically, some data including, but not limited to, data related to the expected use of display revenues, and data that contain words such as “can”, “must”, “can”, “expect”, “expect”, ” Sincerely, “Will”, “May”, and similar expressions and data related to issues that are not historical facts, which constitute “aspiration data”. These aspiration data are provided for the purpose of assisting the owners of honesty and financial analysts in the fund in understanding the confidence -running environment and may not be suitable for other purposes. This aspecting data reflects the current beliefs of the administration and is based on information currently available for management.

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However, this aspiration data involves large risks and cracks. A number of factors can cause actual results materially from the results discussed in the aspiration data, including the risks associated with potential acquisitions that are not complete or not completed according to the expected conditions, public health crises, real estate property ownership and development, debt financing and shares For development, interest and financing costs, construction and development risks, and the ability to obtain commercial and municipal approvals for development. These risks and others are fully discussed under the title “Risks and doubts” and other places in the latest discussion and analysis of management in SmartCenres, as well as under the title “risk factors” in the latest annual forms of information. Although the aspiration data contained in this press statement is based on what the administration believes are reasonable assumptions, SMARTCENRES cannot assure investors that the actual results will be consistent with these aspiration data. The aspiration statements here are fully qualified in this warning statement. These aspecting data is made as is the case in the history of this press statement, and Smartcentres does not assume any commitment to update or review them to reflect new events or circumstances unless it is required otherwise according to the applicable securities legislation.

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The physical factors or assumptions that have been applied to deduce or provide an estimate of aspiration information may include, but not limited to: the stable retail environment; A continuous trend towards intensifying land use, including residential development in urban markets and continuous growth along the transfer contract; Access to share capital markets and debt to finance, at acceptable costs, future capital requirements and enable debt reinstitation when they are matured; The approvals required for development will be obtained in the normal track, construction and costs that allow in accordance with last year and modern inflation trends.

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