SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) Fundamental Analysis & Valuation

TSX:SRU-UN • CA83179X1087

Current stock price

26.65 CAD
-0.19 (-0.71%)
Last:

This SRU-UN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. SRU-UN.CA Profitability Analysis

1.1 Basic Checks

  • SRU-UN had positive earnings in the past year.
  • SRU-UN had a positive operating cash flow in the past year.
  • SRU-UN had positive earnings in each of the past 5 years.
  • In the past 5 years SRU-UN always reported a positive cash flow from operatings.
SRU-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFSRU-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

1.2 Ratios

  • SRU-UN has a Return On Assets of 2.07%. This is in the better half of the industry: SRU-UN outperforms 69.70% of its industry peers.
  • With a decent Return On Equity value of 4.82%, SRU-UN is doing good in the industry, outperforming 63.64% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 3.33%, SRU-UN is doing worse than 75.76% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for SRU-UN is below the industry average of 5.81%.
  • The last Return On Invested Capital (3.33%) for SRU-UN is above the 3 year average (3.26%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.07%
ROE 4.82%
ROIC 3.33%
ROA(3y)2.51%
ROA(5y)3.85%
ROE(3y)5.73%
ROE(5y)8.84%
ROIC(3y)3.26%
ROIC(5y)3.17%
SRU-UN.CA Yearly ROA, ROE, ROICSRU-UN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • SRU-UN's Profit Margin of 27.55% is fine compared to the rest of the industry. SRU-UN outperforms 66.67% of its industry peers.
  • In the last couple of years the Profit Margin of SRU-UN has grown nicely.
  • SRU-UN's Operating Margin of 54.84% is in line compared to the rest of the industry. SRU-UN outperforms 57.58% of its industry peers.
  • In the last couple of years the Operating Margin of SRU-UN has remained more or less at the same level.
  • SRU-UN has a Gross Margin of 61.61%. This is comparable to the rest of the industry: SRU-UN outperforms 48.48% of its industry peers.
  • In the last couple of years the Gross Margin of SRU-UN has remained more or less at the same level.
Industry RankSector Rank
OM 54.84%
PM (TTM) 27.55%
GM 61.61%
OM growth 3Y-0.79%
OM growth 5Y0.64%
PM growth 3Y-24.54%
PM growth 5Y23.38%
GM growth 3Y-0.46%
GM growth 5Y0.88%
SRU-UN.CA Yearly Profit, Operating, Gross MarginsSRU-UN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80 100

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3

2. SRU-UN.CA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SRU-UN is destroying value.
  • SRU-UN has about the same amout of shares outstanding than it did 1 year ago.
  • SRU-UN has more shares outstanding than it did 5 years ago.
  • SRU-UN has a worse debt/assets ratio than last year.
SRU-UN.CA Yearly Shares OutstandingSRU-UN.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
SRU-UN.CA Yearly Total Debt VS Total AssetsSRU-UN.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • Based on the Altman-Z score of 0.70, we must say that SRU-UN is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.70, SRU-UN is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
  • SRU-UN has a debt to FCF ratio of 13.87. This is a negative value and a sign of low solvency as SRU-UN would need 13.87 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 13.87, SRU-UN is doing good in the industry, outperforming 63.64% of the companies in the same industry.
  • A Debt/Equity ratio of 0.85 indicates that SRU-UN is somewhat dependend on debt financing.
  • SRU-UN has a better Debt to Equity ratio (0.85) than 75.76% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.85
Debt/FCF 13.87
Altman-Z 0.7
ROIC/WACC0.67
WACC5%
SRU-UN.CA Yearly LT Debt VS Equity VS FCFSRU-UN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

2.3 Liquidity

  • SRU-UN has a Current Ratio of 0.26. This is a bad value and indicates that SRU-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 0.26, SRU-UN is in line with its industry, outperforming 54.55% of the companies in the same industry.
  • SRU-UN has a Quick Ratio of 0.26. This is a bad value and indicates that SRU-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • SRU-UN's Quick ratio of 0.24 is in line compared to the rest of the industry. SRU-UN outperforms 57.58% of its industry peers.
Industry RankSector Rank
Current Ratio 0.26
Quick Ratio 0.24
SRU-UN.CA Yearly Current Assets VS Current LiabilitesSRU-UN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. SRU-UN.CA Growth Analysis

3.1 Past

  • SRU-UN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.36%.
  • The Earnings Per Share has been decreasing by -6.47% on average over the past years.
  • SRU-UN shows a decrease in Revenue. In the last year, the revenue decreased by -0.48%.
  • Measured over the past years, SRU-UN shows a small growth in Revenue. The Revenue has been growing by 2.63% on average per year.
EPS 1Y (TTM)5.36%
EPS 3Y-34.98%
EPS 5Y-6.47%
EPS Q2Q%-7.46%
Revenue 1Y (TTM)-0.48%
Revenue growth 3Y5.56%
Revenue growth 5Y2.63%
Sales Q2Q%-2.91%

3.2 Future

  • SRU-UN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.94% yearly.
  • SRU-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.59% yearly.
EPS Next Y-30.83%
EPS Next 2Y-3.81%
EPS Next 3Y-0.94%
EPS Next 5YN/A
Revenue Next Year4.49%
Revenue Next 2Y4.12%
Revenue Next 3Y3.59%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
SRU-UN.CA Yearly Revenue VS EstimatesSRU-UN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
SRU-UN.CA Yearly EPS VS EstimatesSRU-UN.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

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5

4. SRU-UN.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • SRU-UN is valuated correctly with a Price/Earnings ratio of 12.34.
  • 75.76% of the companies in the same industry are more expensive than SRU-UN, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 25.23. SRU-UN is valued rather cheaply when compared to this.
  • A Price/Forward Earnings ratio of 13.33 indicates a correct valuation of SRU-UN.
  • The rest of the industry has a similar Price/Forward Earnings ratio as SRU-UN.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.51, SRU-UN is valued a bit cheaper.
Industry RankSector Rank
PE 12.34
Fwd PE 13.33
SRU-UN.CA Price Earnings VS Forward Price EarningsSRU-UN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, SRU-UN is valued a bit cheaper than 72.73% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, SRU-UN is valued a bit cheaper than the industry average as 60.61% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 10.27
EV/EBITDA 17.94
SRU-UN.CA Per share dataSRU-UN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The decent profitability rating of SRU-UN may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-3.81%
EPS Next 3Y-0.94%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. SRU-UN.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 7.12%, SRU-UN is a good candidate for dividend investing.
  • SRU-UN's Dividend Yield is a higher than the industry average which is at 6.22.
  • SRU-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.90.
Industry RankSector Rank
Dividend Yield 7.12%

5.2 History

  • The dividend of SRU-UN has a limited annual growth rate of 0.48%.
  • SRU-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
  • SRU-UN has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.48%
Div Incr Years1
Div Non Decr Years22
SRU-UN.CA Yearly Dividends per shareSRU-UN.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • 106.30% of the earnings are spent on dividend by SRU-UN. This is not a sustainable payout ratio.
  • The Dividend Rate of SRU-UN has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP106.3%
EPS Next 2Y-3.81%
EPS Next 3Y-0.94%
SRU-UN.CA Yearly Income VS Free CF VS DividendSRU-UN.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
SRU-UN.CA Dividend Payout.SRU-UN.CA Dividend Payout, showing the Payout Ratio.SRU-UN.CA Dividend Payout.PayoutRetained Earnings

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SRU-UN.CA Fundamentals: All Metrics, Ratios and Statistics

SMARTCENTRES REAL ESTATE INV

TSX:SRU-UN (3/26/2026, 7:00:00 PM)

26.65

-0.19 (-0.71%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-11
Earnings (Next)05-05
Inst Owners17.33%
Inst Owner ChangeN/A
Ins Owners11.11%
Ins Owner ChangeN/A
Market Cap3.86B
Revenue(TTM)913.91M
Net Income(TTM)251.81M
Analysts70
Price Target28.7 (7.69%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 7.12%
Yearly Dividend1.57
Dividend Growth(5Y)0.48%
DP106.3%
Div Incr Years1
Div Non Decr Years22
Ex-Date02-27
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.67%
PT rev (3m)1.12%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.71%
Revenue NY rev (3m)1.71%
Valuation
Industry RankSector Rank
PE 12.34
Fwd PE 13.33
P/S 4.22
P/FCF 10.27
P/OCF 10.22
P/B 0.74
P/tB 0.74
EV/EBITDA 17.94
EPS(TTM)2.16
EY8.11%
EPS(NY)2
Fwd EY7.5%
FCF(TTM)2.59
FCFY9.74%
OCF(TTM)2.61
OCFY9.79%
SpS6.32
BVpS36.12
TBVpS35.85
PEG (NY)N/A
PEG (5Y)N/A
Graham Number41.9
Profitability
Industry RankSector Rank
ROA 2.07%
ROE 4.82%
ROCE 4.63%
ROIC 3.33%
ROICexc 3.35%
ROICexgc 3.36%
OM 54.84%
PM (TTM) 27.55%
GM 61.61%
FCFM 41.09%
ROA(3y)2.51%
ROA(5y)3.85%
ROE(3y)5.73%
ROE(5y)8.84%
ROIC(3y)3.26%
ROIC(5y)3.17%
ROICexc(3y)3.28%
ROICexc(5y)3.19%
ROICexgc(3y)3.29%
ROICexgc(5y)3.2%
ROCE(3y)4.53%
ROCE(5y)4.41%
ROICexgc growth 3Y4.04%
ROICexgc growth 5Y-0.24%
ROICexc growth 3Y4.05%
ROICexc growth 5Y-0.21%
OM growth 3Y-0.79%
OM growth 5Y0.64%
PM growth 3Y-24.54%
PM growth 5Y23.38%
GM growth 3Y-0.46%
GM growth 5Y0.88%
F-Score6
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0.85
Debt/FCF 13.87
Debt/EBITDA 8.86
Cap/Depr 147%
Cap/Sales 0.21%
Interest Coverage 3.19
Cash Conversion 75.11%
Profit Quality 149.11%
Current Ratio 0.26
Quick Ratio 0.24
Altman-Z 0.7
F-Score6
WACC5%
ROIC/WACC0.67
Cap/Depr(3y)110.43%
Cap/Depr(5y)95.36%
Cap/Sales(3y)0.17%
Cap/Sales(5y)0.15%
Profit Quality(3y)128.82%
Profit Quality(5y)100.57%
High Growth Momentum
Growth
EPS 1Y (TTM)5.36%
EPS 3Y-34.98%
EPS 5Y-6.47%
EPS Q2Q%-7.46%
EPS Next Y-30.83%
EPS Next 2Y-3.81%
EPS Next 3Y-0.94%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.48%
Revenue growth 3Y5.56%
Revenue growth 5Y2.63%
Sales Q2Q%-2.91%
Revenue Next Year4.49%
Revenue Next 2Y4.12%
Revenue Next 3Y3.59%
Revenue Next 5YN/A
EBIT growth 1Y2.24%
EBIT growth 3Y3.51%
EBIT growth 5Y3.84%
EBIT Next Year17%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y0.49%
FCF growth 3Y0.57%
FCF growth 5Y4.87%
OCF growth 1Y0.86%
OCF growth 3Y0.6%
OCF growth 5Y4.98%

SMARTCENTRES REAL ESTATE INV / SRU-UN.CA Fundamental Analysis FAQ

What is the ChartMill fundamental rating of SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) stock?

ChartMill assigns a fundamental rating of 4 / 10 to SRU-UN.CA.


What is the valuation status of SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) stock?

ChartMill assigns a valuation rating of 5 / 10 to SMARTCENTRES REAL ESTATE INV (SRU-UN.CA). This can be considered as Fairly Valued.


Can you provide the profitability details for SMARTCENTRES REAL ESTATE INV?

SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) has a profitability rating of 6 / 10.


Can you provide the financial health for SRU-UN stock?

The financial health rating of SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) is 3 / 10.


How sustainable is the dividend of SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) stock?

The dividend rating of SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) is 6 / 10 and the dividend payout ratio is 106.3%.