SmartCentres: Should You Buy This 6% Dividend Yield? A Valuation Update

• SmartCentres still has upside potential.
• The company still offers an attractive yield for dividend investors.
• SmartCentres isn't as likely to outperform the S&P 500 from this point on.

Previously, we had written an article on SmartCentres Real Estate Investment Trust (OTCPK:CWYUF) where we estimated a 34% upside for the stock. Since then, the price has appreciated 29.45% at the time of this writing. When including dividends, the total return has been 36.18% compared to the S&P 500's return of 24.64%. Going forward from here, it may not continue outperforming the S&P 500. In this article, we will update the company's valuation. Risks and growth catalysts remain the same as our previous article and suggest checking it out for more detail on the company.

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*This is a premium seeking alpha article, so we can’t fully post it here.*   

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