{
  "ticker": {
    "uuid": "96fa2dea-43e8-4df8-a314-8a25f047206c",
    "symbol": "SRU-UN",
    "name": "SmartCentres Real Estate Investment Trust",
    "exchange": "TOR",
    "exchange_name": "Toronto Stock Exchange",
    "country": "CA",
    "currency": "CAD",
    "sector": "Real Estate",
    "industry": "Reit - Retail",
    "page_url": "https://sharemaestro.com/factors/ticker/96fa2dea-43e8-4df8-a314-8a25f047206c/",
    "api_url": "https://sharemaestro.com/factors/api/tickers/96fa2dea-43e8-4df8-a314-8a25f047206c/"
  },
  "latest_snapshot": {
    "ticker": {
      "uuid": "96fa2dea-43e8-4df8-a314-8a25f047206c",
      "symbol": "SRU-UN",
      "name": "SmartCentres Real Estate Investment Trust",
      "exchange": "TOR",
      "exchange_name": "Toronto Stock Exchange",
      "country": "CA",
      "currency": "CAD",
      "sector": "Real Estate",
      "industry": "Reit - Retail",
      "page_url": "https://sharemaestro.com/factors/ticker/96fa2dea-43e8-4df8-a314-8a25f047206c/",
      "api_url": "https://sharemaestro.com/factors/api/tickers/96fa2dea-43e8-4df8-a314-8a25f047206c/"
    },
    "week_end_date": "2026-08-09",
    "universe": "CAD_CA",
    "score": {
      "os": 0.59,
      "value": 0.62,
      "quality": 0.63,
      "momentum": 0.3,
      "coverage": 0.909,
      "confidence": 0.851,
      "delta": 0.26
    },
    "headline_factors": {
      "price": 28.77,
      "market_cap": 4905609180.36,
      "pe_ratio": 13.4396,
      "earnings_yield": 0.0464,
      "ebitda_to_ev": 0.0572,
      "shareholder_yield": 0.0642,
      "roe": 0.0693,
      "piotroski_f_score": 6,
      "momentum_12_1": 0.225,
      "volatility_252d": 0.127
    },
    "strategy_flags": {
      "market_leader": false,
      "cornerstone_value": false,
      "cornerstone_growth": false,
      "tiny_titan": false,
      "all_cap_buyback": false,
      "small_cap_core": false,
      "veiled_value": false,
      "earnings_consistent_5y": false
    },
    "factor_groups": {
      "valuation": {
        "pe_ratio": 13.4396,
        "ev_ebitda": 17.4723,
        "earnings_yield": 0.0464,
        "fcf_yield": 0.0329,
        "shareholder_yield": 0.0642
      },
      "quality": {
        "roe": 0.0693,
        "roic": 0.0374,
        "gross_margin": 0.6154,
        "fcf_margin": 0.4038,
        "piotroski_f_score": 6
      },
      "growth": {
        "revenue_growth_1y": -0.0048,
        "eps_growth_1y": 0.0627,
        "fcf_growth_1y": 0.0049
      },
      "momentum": {
        "price_return_12m": 0.177,
        "momentum_12_1": 0.225,
        "relative_strength": -0.1337
      },
      "scores": {
        "value_percentile": 0.62,
        "quality_percentile": 0.63,
        "momentum_percentile": 0.3,
        "growth_composite": 78,
        "yield_composite": 12,
        "overall_composite": 41,
        "os_score": 0.59,
        "factor_coverage": 0.909,
        "signal_confidence": 0.851
      }
    }
  },
  "factor_history": [
    {
      "week_end_date": "2026-06-07",
      "price": 28.9,
      "os": 0.33,
      "value": 0.36,
      "quality": 0.64,
      "momentum": 0.3,
      "confidence": 0.939,
      "coverage": 0.939,
      "pe_ratio": 13.5021,
      "earnings_yield": 0.0463,
      "shareholder_yield": 0.0639,
      "roe": 0.0693,
      "momentum_12_1": 0.1681
    },
    {
      "week_end_date": "2026-06-14",
      "price": 30.06,
      "os": 0.33,
      "value": 0.35,
      "quality": 0.63,
      "momentum": 0.32,
      "confidence": 0.939,
      "coverage": 0.939,
      "pe_ratio": 14.0412,
      "earnings_yield": 0.0455,
      "shareholder_yield": 0.0615,
      "roe": 0.0693,
      "momentum_12_1": 0.1642
    },
    {
      "week_end_date": "2026-06-21",
      "price": 30.13,
      "os": 0.33,
      "value": 0.34,
      "quality": 0.65,
      "momentum": 0.34,
      "confidence": 0.939,
      "coverage": 0.939,
      "pe_ratio": 14.0738,
      "earnings_yield": 0.0455,
      "shareholder_yield": 0.0613,
      "roe": 0.0693,
      "momentum_12_1": 0.2172
    },
    {
      "week_end_date": "2026-06-28",
      "price": 30.54,
      "os": 0.32,
      "value": 0.33,
      "quality": 0.64,
      "momentum": 0.35,
      "confidence": 0.939,
      "coverage": 0.939,
      "pe_ratio": 14.2643,
      "earnings_yield": 0.0452,
      "shareholder_yield": 0.0605,
      "roe": 0.0693,
      "momentum_12_1": 0.217
    },
    {
      "week_end_date": "2026-07-05",
      "price": 30.44,
      "os": 0.34,
      "value": 0.35,
      "quality": 0.64,
      "momentum": 0.33,
      "confidence": 0.931,
      "coverage": 0.939,
      "pe_ratio": 14.2197,
      "earnings_yield": 0.0453,
      "shareholder_yield": 0.0607,
      "roe": 0.0693,
      "momentum_12_1": 0.1886
    },
    {
      "week_end_date": "2026-07-12",
      "price": 30.1,
      "os": 0.33,
      "value": 0.33,
      "quality": 0.65,
      "momentum": 0.35,
      "confidence": 0.92,
      "coverage": 0.939,
      "pe_ratio": 14.0609,
      "earnings_yield": 0.0455,
      "shareholder_yield": 0.0614,
      "roe": 0.0693,
      "momentum_12_1": 0.2462
    },
    {
      "week_end_date": "2026-07-19",
      "price": 30.33,
      "os": 0.35,
      "value": 0.35,
      "quality": 0.65,
      "momentum": 0.35,
      "confidence": 0.91,
      "coverage": 0.939,
      "pe_ratio": 14.1684,
      "earnings_yield": 0.0453,
      "shareholder_yield": 0.0609,
      "roe": 0.0693,
      "momentum_12_1": 0.2442
    },
    {
      "week_end_date": "2026-07-26",
      "price": 29.73,
      "os": 0.35,
      "value": 0.36,
      "quality": 0.64,
      "momentum": 0.34,
      "confidence": 0.9,
      "coverage": 0.939,
      "pe_ratio": 13.8881,
      "earnings_yield": 0.0457,
      "shareholder_yield": 0.0622,
      "roe": 0.0693,
      "momentum_12_1": 0.264
    },
    {
      "week_end_date": "2026-08-02",
      "price": 29.55,
      "os": 0.33,
      "value": 0.36,
      "quality": 0.63,
      "momentum": 0.32,
      "confidence": 0.889,
      "coverage": 0.939,
      "pe_ratio": 13.804,
      "earnings_yield": 0.0459,
      "shareholder_yield": 0.0625,
      "roe": 0.0693,
      "momentum_12_1": 0.2622
    },
    {
      "week_end_date": "2026-08-09",
      "price": 28.77,
      "os": 0.59,
      "value": 0.62,
      "quality": 0.63,
      "momentum": 0.3,
      "confidence": 0.851,
      "coverage": 0.909,
      "pe_ratio": 13.4396,
      "earnings_yield": 0.0464,
      "shareholder_yield": 0.0642,
      "roe": 0.0693,
      "momentum_12_1": 0.225
    }
  ],
  "financial_periods": {
    "annual": [
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 913913000,
          "cost_of_revenue": 350871000,
          "gross_profit": 563042000,
          "ebit": 522430000,
          "ebitda": 501926000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 251815000,
          "net_income_to_common": 251815000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 51551000,
          "total_current_assets": 341874000,
          "total_assets": 12141139000,
          "short_term_debt": 755426000,
          "long_term_debt": 4453606000,
          "total_debt": 5209032000,
          "total_liabilities": null,
          "total_equity": 5227500000,
          "shares_outstanding": 170511268,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 377441000,
          "capital_expenditure": -1958000,
          "free_cash_flow": 375483000,
          "dividends_paid": -267681000,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": 152899000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 913913000,
          "cost_of_revenue": 350871000,
          "gross_profit": 563042000,
          "ebit": 522430000,
          "ebitda": 501926000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 251815000,
          "net_income_to_common": 251815000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 51551000,
          "total_current_assets": 341874000,
          "total_assets": 12141139000,
          "short_term_debt": 755426000,
          "long_term_debt": 4453606000,
          "total_debt": 5209032000,
          "total_liabilities": null,
          "total_equity": 5227500000,
          "shares_outstanding": 170511268,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 377441000,
          "capital_expenditure": -1958000,
          "free_cash_flow": 375483000,
          "dividends_paid": -267681000,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": 152899000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 913913000,
          "cost_of_revenue": 350871000,
          "gross_profit": 563042000,
          "ebit": 522430000,
          "ebitda": 501926000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 251815000,
          "net_income_to_common": 251815000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 51551000,
          "total_current_assets": 341874000,
          "total_assets": 12141139000,
          "short_term_debt": 755426000,
          "long_term_debt": 4453606000,
          "total_debt": 5209032000,
          "total_liabilities": null,
          "total_equity": 5227500000,
          "shares_outstanding": 170511268,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 377441000,
          "capital_expenditure": -1958000,
          "free_cash_flow": 375483000,
          "dividends_paid": -267681000,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": 152899000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 913913000,
          "cost_of_revenue": 350871000,
          "gross_profit": 563042000,
          "ebit": 522430000,
          "ebitda": 501926000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 251815000,
          "net_income_to_common": 251815000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 51551000,
          "total_current_assets": 341874000,
          "total_assets": 12141139000,
          "short_term_debt": 755426000,
          "long_term_debt": 4453606000,
          "total_debt": 5209032000,
          "total_liabilities": null,
          "total_equity": 5227500000,
          "shares_outstanding": 170511268,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 377441000,
          "capital_expenditure": -1958000,
          "free_cash_flow": 375483000,
          "dividends_paid": -267681000,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": 152899000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 913913000,
          "cost_of_revenue": 350871000,
          "gross_profit": 563042000,
          "ebit": 522430000,
          "ebitda": 545577000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 251815000,
          "net_income_to_common": 251815000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 51551000,
          "total_current_assets": 341874000,
          "total_assets": 12141139000,
          "short_term_debt": 755426000,
          "long_term_debt": 4453606000,
          "total_debt": 5209032000,
          "total_liabilities": null,
          "total_equity": 5227500000,
          "shares_outstanding": 170511268,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 377441000,
          "capital_expenditure": -1958000,
          "free_cash_flow": 375483000,
          "dividends_paid": -267681000,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": 152899000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 913913000,
          "cost_of_revenue": 350871000,
          "gross_profit": 563042000,
          "ebit": 522430000,
          "ebitda": 545577000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 251815000,
          "net_income_to_common": 251815000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 51551000,
          "total_current_assets": 341874000,
          "total_assets": 12141139000,
          "short_term_debt": 755426000,
          "long_term_debt": 4453606000,
          "total_debt": 5209032000,
          "total_liabilities": null,
          "total_equity": 5227500000,
          "shares_outstanding": 170511268,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 377441000,
          "capital_expenditure": -1958000,
          "free_cash_flow": 375483000,
          "dividends_paid": -267681000,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": 152899000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 913913000,
          "cost_of_revenue": 350871000,
          "gross_profit": 563042000,
          "ebit": 522430000,
          "ebitda": 545577000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 251815000,
          "net_income_to_common": 251815000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 51551000,
          "total_current_assets": 341874000,
          "total_assets": 12141139000,
          "short_term_debt": 755426000,
          "long_term_debt": 4453606000,
          "total_debt": 5209032000,
          "total_liabilities": null,
          "total_equity": 5227500000,
          "shares_outstanding": 170511268,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 377441000,
          "capital_expenditure": -1958000,
          "free_cash_flow": 375483000,
          "dividends_paid": -267681000,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": 152899000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 913913000,
          "cost_of_revenue": 350871000,
          "gross_profit": 563042000,
          "ebit": 522430000,
          "ebitda": 545577000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 251815000,
          "net_income_to_common": 251815000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 51551000,
          "total_current_assets": 341874000,
          "total_assets": 12141139000,
          "short_term_debt": 755426000,
          "long_term_debt": 4453606000,
          "total_debt": 5209032000,
          "total_liabilities": null,
          "total_equity": 5227500000,
          "shares_outstanding": 170511268,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 377441000,
          "capital_expenditure": -1958000,
          "free_cash_flow": 375483000,
          "dividends_paid": -267681000,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": 152899000
        }
      }
    ],
    "quarterly": [
      {
        "period_end_date": "2026-06-30",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 2,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 225959000,
          "cost_of_revenue": 86024000,
          "gross_profit": 139935000,
          "ebit": 129192000,
          "ebitda": -96753000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": -119357000,
          "net_income_to_common": -119357000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 44891000,
          "total_current_assets": 296877000,
          "total_assets": 12062407000,
          "short_term_debt": 1458253000,
          "long_term_debt": 3776132000,
          "total_debt": 5234385000,
          "total_liabilities": null,
          "total_equity": 5079618000,
          "shares_outstanding": 144708787,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 96400000,
          "capital_expenditure": -96000,
          "free_cash_flow": 96304000,
          "dividends_paid": -66930000,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": 74374000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 231835000,
          "cost_of_revenue": 94148000,
          "gross_profit": 137687000,
          "ebit": 126182000,
          "ebitda": 180431000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 105334000,
          "net_income_to_common": 105334000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 36513000,
          "total_current_assets": 243520000,
          "total_assets": 12285899000,
          "short_term_debt": 1128256000,
          "long_term_debt": 4129046000,
          "total_debt": 5257302000,
          "total_liabilities": null,
          "total_equity": 5265905000,
          "shares_outstanding": 170511268,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 76445000,
          "capital_expenditure": -129000,
          "free_cash_flow": 76316000,
          "dividends_paid": -66929000,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": 37348000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 231835000,
          "cost_of_revenue": 94148000,
          "gross_profit": 137687000,
          "ebit": 126182000,
          "ebitda": 180431000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 105334000,
          "net_income_to_common": 105334000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 36513000,
          "total_current_assets": 243520000,
          "total_assets": 12285899000,
          "short_term_debt": 1128256000,
          "long_term_debt": 4129046000,
          "total_debt": 5257302000,
          "total_liabilities": null,
          "total_equity": 5265905000,
          "shares_outstanding": 170511268,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 76445000,
          "capital_expenditure": -129000,
          "free_cash_flow": 76316000,
          "dividends_paid": -66929000,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": 37348000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 231835000,
          "cost_of_revenue": 94148000,
          "gross_profit": 137687000,
          "ebit": 126182000,
          "ebitda": 180431000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 105334000,
          "net_income_to_common": 105334000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 36513000,
          "total_current_assets": 243520000,
          "total_assets": 12285899000,
          "short_term_debt": 1128256000,
          "long_term_debt": 4129046000,
          "total_debt": 5257302000,
          "total_liabilities": null,
          "total_equity": 5265905000,
          "shares_outstanding": 170511268,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 76445000,
          "capital_expenditure": -129000,
          "free_cash_flow": 76316000,
          "dividends_paid": -66929000,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": 37348000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 231835000,
          "cost_of_revenue": 94148000,
          "gross_profit": 137687000,
          "ebit": 126182000,
          "ebitda": 180431000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 105334000,
          "net_income_to_common": 105334000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 36513000,
          "total_current_assets": 243520000,
          "total_assets": 12285899000,
          "short_term_debt": 1128256000,
          "long_term_debt": 4129046000,
          "total_debt": 5257302000,
          "total_liabilities": null,
          "total_equity": 5265905000,
          "shares_outstanding": 170511268,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 76445000,
          "capital_expenditure": -129000,
          "free_cash_flow": 76316000,
          "dividends_paid": -66929000,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": 37348000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 231835000,
          "cost_of_revenue": 94148000,
          "gross_profit": 137687000,
          "ebit": 126182000,
          "ebitda": 180431000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 105334000,
          "net_income_to_common": 105334000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 36513000,
          "total_current_assets": 243520000,
          "total_assets": 12285899000,
          "short_term_debt": 1128256000,
          "long_term_debt": 4129046000,
          "total_debt": 5257302000,
          "total_liabilities": null,
          "total_equity": 5265905000,
          "shares_outstanding": 170511268,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 76445000,
          "capital_expenditure": -129000,
          "free_cash_flow": 76316000,
          "dividends_paid": -66929000,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": 37348000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 231835000,
          "cost_of_revenue": 94148000,
          "gross_profit": 137687000,
          "ebit": 126182000,
          "ebitda": 180431000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 105334000,
          "net_income_to_common": 105334000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 36513000,
          "total_current_assets": 243520000,
          "total_assets": 12285899000,
          "short_term_debt": 1128256000,
          "long_term_debt": 4129046000,
          "total_debt": 5257302000,
          "total_liabilities": null,
          "total_equity": 5265905000,
          "shares_outstanding": 170511268,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 76445000,
          "capital_expenditure": -129000,
          "free_cash_flow": 76316000,
          "dividends_paid": -66929000,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": 37348000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 231835000,
          "cost_of_revenue": 94148000,
          "gross_profit": 137687000,
          "ebit": 126182000,
          "ebitda": 180431000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 105334000,
          "net_income_to_common": 105334000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 36513000,
          "total_current_assets": 243520000,
          "total_assets": 12285899000,
          "short_term_debt": 1128256000,
          "long_term_debt": 4129046000,
          "total_debt": 5257302000,
          "total_liabilities": null,
          "total_equity": 5265905000,
          "shares_outstanding": 170511268,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 76445000,
          "capital_expenditure": -129000,
          "free_cash_flow": 76316000,
          "dividends_paid": -66929000,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": 37348000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 231835000,
          "cost_of_revenue": 94148000,
          "gross_profit": 137687000,
          "ebit": 126182000,
          "ebitda": 180431000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 105334000,
          "net_income_to_common": 105334000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 36513000,
          "total_current_assets": 243520000,
          "total_assets": 12285899000,
          "short_term_debt": 1128256000,
          "long_term_debt": 4129046000,
          "total_debt": 5257302000,
          "total_liabilities": null,
          "total_equity": 5265905000,
          "shares_outstanding": 170511268,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 76445000,
          "capital_expenditure": -129000,
          "free_cash_flow": 76316000,
          "dividends_paid": -66929000,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": 37348000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 231835000,
          "cost_of_revenue": 94148000,
          "gross_profit": 137687000,
          "ebit": 126182000,
          "ebitda": 180431000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 105334000,
          "net_income_to_common": 105334000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 36513000,
          "total_current_assets": 243520000,
          "total_assets": 12285899000,
          "short_term_debt": 1128256000,
          "long_term_debt": 4129046000,
          "total_debt": 5257302000,
          "total_liabilities": null,
          "total_equity": 5265905000,
          "shares_outstanding": 170511268,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 76445000,
          "capital_expenditure": -129000,
          "free_cash_flow": 76316000,
          "dividends_paid": -66929000,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": 37348000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 234170000,
          "cost_of_revenue": 90596000,
          "gross_profit": 143574000,
          "ebit": 131217000,
          "ebitda": 179596000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 105501000,
          "net_income_to_common": 105501000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 51551000,
          "total_current_assets": 341874000,
          "total_assets": 12141139000,
          "short_term_debt": 755426000,
          "long_term_debt": 4453606000,
          "total_debt": 5209032000,
          "total_liabilities": null,
          "total_equity": 5227500000,
          "shares_outstanding": 170511268,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 127344000,
          "capital_expenditure": -1608000,
          "free_cash_flow": 125736000,
          "dividends_paid": -66923000,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": 23643000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "CAD",
        "is_restated": false,
        "income_statement": {
          "revenue": 234170000,
          "cost_of_revenue": 90596000,
          "gross_profit": 143574000,
          "ebit": 131217000,
          "ebitda": 179596000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 105501000,
          "net_income_to_common": 105501000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 51551000,
          "total_current_assets": 341874000,
          "total_assets": 12141139000,
          "short_term_debt": 755426000,
          "long_term_debt": 4453606000,
          "total_debt": 5209032000,
          "total_liabilities": null,
          "total_equity": 5227500000,
          "shares_outstanding": 170511268,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 127344000,
          "capital_expenditure": -1608000,
          "free_cash_flow": 125736000,
          "dividends_paid": -66923000,
          "share_repurchases": null,
          "shares_issued": null,
          "net_debt_issued": 23643000
        }
      }
    ]
  },
  "strategy_matches": [
    {
      "key": "quality_value",
      "name": "Value and Financial Strength",
      "slug": "quality-value",
      "group": "multi_factor",
      "page_url": "/factors/quality-value/"
    },
    {
      "key": "ebitda_ev",
      "name": "EBITDA/EV Value",
      "slug": "ebitda-ev",
      "group": "value",
      "page_url": "/factors/ebitda-ev/"
    },
    {
      "key": "sector_relative",
      "name": "Cheapest in Sector",
      "slug": "sector-relative",
      "group": "value",
      "page_url": "/factors/sector-relative/"
    },
    {
      "key": "capital_allocators",
      "name": "Capital Allocators",
      "slug": "capital-allocators",
      "group": "quality",
      "page_url": "/factors/capital-allocators/"
    },
    {
      "key": "risk_adj_momentum",
      "name": "Price Strength Relative to Volatility",
      "slug": "risk-adj-momentum",
      "group": "momentum",
      "page_url": "/factors/risk-adj-momentum/"
    },
    {
      "key": "momentum_leaders",
      "name": "Price Leaders",
      "slug": "momentum-leaders",
      "group": "momentum",
      "page_url": "/factors/momentum-leaders/"
    },
    {
      "key": "shareholder_yield",
      "name": "Shareholder Yield",
      "slug": "shareholder-yield",
      "group": "income",
      "page_url": "/factors/shareholder-yield/"
    },
    {
      "key": "low_volatility",
      "name": "Low Volatility",
      "slug": "low-volatility",
      "group": "defensive",
      "page_url": "/factors/low-volatility/"
    }
  ],
  "coverage": {
    "factor_history_points": 10,
    "annual_financial_periods": 8,
    "quarterly_financial_periods": 12,
    "latest_factor_week": "2026-08-09",
    "latest_financials_period_end": "2026-03-31"
  },
  "schema": {
    "public_fields_only": true
  }
}