SmartCentres REIT Extends Arrangements with Penguin Group, Provides Update on Ongoing Discussions by Both Parties

TORONTO, Jan. 02, 2026 (GLOBE NEWSWIRE) -- The Board of Trustees of SmartCentres Real Estate Investment Trust (“SmartCentres”, the “Trust” or the “REIT”) (TSX: SRU.UN) today provided an update regarding certain five year arrangements between the Trust and Mitchell Goldhar, Executive Chairman and CEO of SmartCentres and owner of Penguin Group of Companies (“Penguin”) that were scheduled to expire on December 31, 2025. Discussions are ongoing between the Independent Committee of the Board of Trustees (the “Bo ...