Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. SmartCentres Real Estate Investment Trust's average basic shares outstanding for the quarter that ended in Mar. 2026 was 170.5 Mil.
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Be Aware
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
SmartCentres Real Estate Investment Trust Shares Outstanding (Basic Average) Related Terms
SmartCentres Real Estate Investment Trust Shares Outstanding (Basic Average) Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SmartCentres Real Estate Investment Trust Shares Outstanding (Basic Average) Chart
SmartCentres Real Estate Investment Trust Annual Data
SmartCentres Real Estate Investment Trust Shares Outstanding (Basic Average) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.
What does a Shares Outstanding (Basic Average) of 170.5 Mil mean?
SmartCentres Real Estate Investment Trust (FRA:C7J1) has a Shares Outstanding (Basic Average) of 170.5 Mil as of Mar. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on SmartCentres Real Estate Investment Trust and its competitors.
Is SmartCentres Real Estate Investment Trust's Shares Outstanding (Basic Average) too high?
SmartCentres Real Estate Investment Trust's current Shares Outstanding (Basic Average) is 170.5 Mil. Overall, SmartCentres Real Estate Investment Trust has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SmartCentres Real Estate Investment Trust's Shares Outstanding (Basic Average) compare to SPG and O?
SmartCentres Real Estate Investment Trust's Shares Outstanding (Basic Average) of 170.5 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for a REITs company?
A good Shares Outstanding (Basic Average) depends on the REITs industry context. However, Shares Outstanding (Basic Average) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on SmartCentres Real Estate Investment Trust and its competitors. SmartCentres Real Estate Investment Trust's current Shares Outstanding (Basic Average) is 170.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SmartCentres Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, SmartCentres Real Estate Investment Trust (FRA:C7J1) is currently considered Modestly Overvalued. The stock's GF Value™ is €15.42, compared to a current price of €17.20 — trading 11.6% above its estimated fair value. The current Shares Outstanding (Basic Average) is 170.5 Mil. SmartCentres Real Estate Investment Trust's overall GF Score™ is 70/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For SmartCentres Real Estate Investment Trust (FRA:C7J1), the current Shares Outstanding (Basic Average) is 170.5 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is SmartCentres Real Estate Investment Trust (FRA:C7J1) Overvalued in 2026?
Based on GuruFocus' analysis, SmartCentres Real Estate Investment Trust stock appears to be overvalued.
The current stock price of €17.20 is trading 11.6% above its estimated GF Value™ of €15.42.
GuruFocus considers SmartCentres Real Estate Investment Trust to be Modestly Overvalued.
Key valuation signals for FRA:C7J1:
Shares Outstanding (Basic Average): 170.5 Mil
GF Value™: €15.42 vs. price of €17.20 (11.6% above fair value)
No single metric tells the full story. See the FRA:C7J1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SmartCentres Real Estate Investment Trust is a Canadian fully integrated commercial and residential REIT, with several strategically located properties in communities across the country. It develops, leases, constructs, owns, and manages shopping centers, office buildings, high-rise and low-rise condos and rental residences, seniors' housing, townhome units, self-storage rental facilities, and industrial facilities in Canada, both directly and through its subsidiaries. The company generates maximum revenue from its retail properties. It has one reportable segment, which comprises the development, ownership, management, and operation of investment properties located in Canada.
70GF Score
Get the complete analysis for FRA:C7J1
Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:C7J1 has been successfully added to your 
