SmartCentres Real Estate Investment Trust operates as a real estate investment trust focused on the development and management of retail and mixed-use properties across Canada. The company primarily generates revenue through leasing retail spaces, including Walmart-anchored shopping centres, and is expanding into residential developments under its SmartLiving initiative, which includes rental apartments, condos, and seniors' residences. SmartCentres also develops office, industrial, and self-storage facilities, serving a diverse range of customers in various sectors. The company is involved in a significant transformation plan to enhance its properties into holistic community spaces.