Stock Name: SRQ.UN
Amount: CAD 0.0708
Announcement Date: 15/02/2012
Record Date: 27/02/2012
Dividend Detail:
TORONTO, Feb. 15, 2012 /CNW/ - Scott's Real Estate Investment Trust
(TSX: SRQ.UN) ("Scott's REIT") today announced a cash distribution of
$0.0708 per unit for the month of February 2012. The distribution will
be payable on March 15, 2012 to Unitholders of record on February 29,
2012.
Scott's REIT reviews the amount of its distributions on an ongoing basis
and considers a number of factors including expected cash flows based
on occupancy rates, operating expenses, capital expenditures and debt
service requirements. Although Scott's REIT has maintained the same
distribution amount for 75 consecutive months in accordance with its
distribution policy, there can be no assurance that any future
distributions will be at the current level.
About Scott's Real Estate Investment Trust
Scott's REIT (TSX: SRQ.UN) is Canada's premier small-box retail property
owner with 229 properties in eight provinces across Canada. Scott's
REIT's properties are well located and geographically diverse across
Canada with the majority of all properties containing long-term
quadruple net leases. To find out more about Scott's Real Estate
Investment Trust (TSX: SRQ.UN), visit our website atwww.scottsreit.com.
Forward-Looking Statements
This document contains certain information that may constitute
forward-looking information within the meaning of securities laws. In
some cases, forward-looking information can be identified by the use of
terms such as "may", "will", "should", "expect", "plan", "anticipate",
"believe", "intend", "estimate", "predict", "potential", "continue" or
other similar expressions concerning matters that are not historical
facts. Forward-looking information may relate to management's future
outlook and anticipated events or results, and may include statements
or information regarding future growth opportunities and potential and
expected cash distributions or cash distribution levels. In particular,
information regarding the REIT's monthly cash distributions and
information relating to the impact of the REIT's recent acquisitions on
annual revenues and interest expense is forward-looking information.
Forward-looking information is based on certain factors and assumptions
regarding, among other things, occupancy rates, property expense and
capital expenditures. While the REIT considers these assumptions to be
reasonable based on information currently available to it, they may
prove to be incorrect. Forward looking-information is subject to
certain factors, including risks and uncertainties, which could cause
actual results to differ materially from what is currently expected.
Such factors include risks relating to the REIT's reliance on Priszm
LP, the REIT's largest tenant in terms of rental revenue, risks
associated with investment in real property, competition, reliance on
key personnel, financing and refinancing risks, environmental matters,
tenant risks, risks related to current economic conditions and other
risk factors more particularly described in the REIT's Annual
Information Form for the year ended December 31, 2010. You should not
place undue importance on forward-looking information and should not
rely upon this information as of any other date. Other than as required
by applicable Canadian securities law, the REIT does not undertake to
update this information at any particular time. Additional information
identifying risks and uncertainties is contained in Scott's REIT
filings with the Canadian securities regulators, available at www.sedar.com.
For further information:
For investor information, please contact:
Teresa Neto
Chief Financial Officer
416-361-9953
teresa.neto@scottsreit.com
For media information, please contact:
Trevor Boudreau
604-564-8209
trevor.boudreau@scottsreit.com
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