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

TSX:SRU-UN • CA83179X1087

27.77 CAD
-0.32 (-1.14%)
Last: Feb 24, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

SRU-UN gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 35 industry peers in the Diversified REITs industry. While SRU-UN is still in line with the averages on profitability rating, there are concerns on its financial health. SRU-UN is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year SRU-UN was profitable.
  • In the past year SRU-UN had a positive cash flow from operations.
  • SRU-UN had positive earnings in each of the past 5 years.
  • Each year in the past 5 years SRU-UN had a positive operating cash flow.
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 200M 400M 600M 800M

1.2 Ratios

  • With a decent Return On Assets value of 2.16%, SRU-UN is doing good in the industry, outperforming 65.71% of the companies in the same industry.
  • SRU-UN has a Return On Equity (5.04%) which is comparable to the rest of the industry.
  • SRU-UN has a Return On Invested Capital (3.62%) which is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for SRU-UN is below the industry average of 5.81%.
  • The 3 year average ROIC (3.14%) for SRU-UN is below the current ROIC(3.62%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 2.16%
ROE 5.04%
ROIC 3.62%
ROA(3y)3.29%
ROA(5y)3.58%
ROE(3y)7.48%
ROE(5y)8.23%
ROIC(3y)3.14%
ROIC(5y)3.13%
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 5 10 15

1.3 Margins

  • With a decent Profit Margin value of 28.74%, SRU-UN is doing good in the industry, outperforming 68.57% of the companies in the same industry.
  • SRU-UN's Profit Margin has declined in the last couple of years.
  • With a Operating Margin value of 55.11%, SRU-UN perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
  • SRU-UN's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of SRU-UN (61.69%) is comparable to the rest of the industry.
  • SRU-UN's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 55.11%
PM (TTM) 28.74%
GM 61.69%
OM growth 3Y-2.32%
OM growth 5Y-1.33%
PM growth 3Y-37.59%
PM growth 5Y-7.92%
GM growth 3Y-1.41%
GM growth 5Y-0.98%
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 20 40 60 80 100

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SRU-UN is destroying value.
  • Compared to 1 year ago, SRU-UN has about the same amount of shares outstanding.
  • The number of shares outstanding for SRU-UN has been increased compared to 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 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 2B 4B 6B 8B 10B

2.2 Solvency

  • SRU-UN has an Altman-Z score of 0.64. This is a bad value and indicates that SRU-UN is not financially healthy and even has some risk of bankruptcy.
  • SRU-UN's Altman-Z score of 0.64 is fine compared to the rest of the industry. SRU-UN outperforms 68.57% of its industry peers.
  • The Debt to FCF ratio of SRU-UN is 13.94, which is on the high side as it means it would take SRU-UN, 13.94 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of SRU-UN (13.94) is better than 74.29% of its industry peers.
  • SRU-UN has a Debt/Equity ratio of 0.70. This is a neutral value indicating SRU-UN is somewhat dependend on debt financing.
  • The Debt to Equity ratio of SRU-UN (0.70) is better than 85.71% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 13.94
Altman-Z 0.64
ROIC/WACC0.7
WACC5.15%
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 1B 2B 3B 4B 5B

2.3 Liquidity

  • SRU-UN has a Current Ratio of 0.22. 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 has a Current ratio (0.22) which is comparable to the rest of the industry.
  • A Quick Ratio of 0.21 indicates that SRU-UN may have some problems paying its short term obligations.
  • SRU-UN has a Quick ratio of 0.21. This is comparable to the rest of the industry: SRU-UN outperforms 42.86% of its industry peers.
Industry RankSector Rank
Current Ratio 0.22
Quick Ratio 0.21
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 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. Growth

3.1 Past

  • SRU-UN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -43.00%.
  • SRU-UN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.47% yearly.
  • The Revenue has grown by 10.04% in the past year. This is quite good.
  • SRU-UN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.63% yearly.
EPS 1Y (TTM)-43%
EPS 3Y-34.98%
EPS 5Y-6.47%
EPS Q2Q%-7.46%
Revenue 1Y (TTM)10.04%
Revenue growth 3Y5.56%
Revenue growth 5Y2.63%
Sales Q2Q%-2.91%

3.2 Future

  • The Earnings Per Share is expected to decrease by -0.94% on average over the next years.
  • SRU-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.12% 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 2Y3.25%
Revenue Next 3Y3.12%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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
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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4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 12.86, which indicates a correct valuation of SRU-UN.
  • SRU-UN's Price/Earnings ratio is a bit cheaper when compared to the industry. SRU-UN is cheaper than 77.14% of the companies in the same industry.
  • SRU-UN is valuated cheaply when we compare the Price/Earnings ratio to 26.98, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 13.89, which indicates a correct valuation of SRU-UN.
  • SRU-UN's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 28.01. SRU-UN is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 12.86
Fwd PE 13.89
SRU-UN.CA Price Earnings VS Forward Price EarningsSRU-UN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

  • 65.71% of the companies in the same industry are more expensive than SRU-UN, based on the Enterprise Value to EBITDA ratio.
  • SRU-UN's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 10.81
EV/EBITDA 18.26
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

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-3.81%
EPS Next 3Y-0.94%

More info and screens

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

6

5. Dividend

5.1 Amount

  • SRU-UN has a Yearly Dividend Yield of 7.12%, which is a nice return.
  • SRU-UN's Dividend Yield is comparable with the industry average which is at 6.97.
  • Compared to an average S&P500 Dividend Yield of 1.81, SRU-UN pays a better dividend.
Industry RankSector Rank
Dividend Yield 7.12%

5.2 History

  • On average, the dividend of SRU-UN grows each year by 6.39%, which is quite nice.
  • SRU-UN has paid a dividend for at least 10 years, which is a reliable track record.
  • SRU-UN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.39%
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

  • SRU-UN pays out 102.30% of its income as dividend. This is not a sustainable payout ratio.
  • SRU-UN's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP102.3%
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 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

More info and screens

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SMARTCENTRES REAL ESTATE INV

TSX:SRU-UN (2/24/2026, 7:00:00 PM)

27.77

-0.32 (-1.14%)

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 Owners16.18%
Inst Owner ChangeN/A
Ins Owners11.11%
Ins Owner ChangeN/A
Market Cap4.02B
Revenue(TTM)918.36M
Net Income(TTM)261.39M
Analysts70
Price Target28.51 (2.66%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 7.12%
Yearly Dividend1.57
Dividend Growth(5Y)6.39%
DP102.3%
Div Incr Years1
Div Non Decr Years22
Ex-Date01-30
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)0.45%
PT rev (3m)0.45%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-3.9%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.23%
Valuation
Industry RankSector Rank
PE 12.86
Fwd PE 13.89
P/S 4.42
P/FCF 10.81
P/OCF 10.79
P/B 0.77
P/tB 0.78
EV/EBITDA 18.26
EPS(TTM)2.16
EY7.78%
EPS(NY)2
Fwd EY7.2%
FCF(TTM)2.57
FCFY9.25%
OCF(TTM)2.57
OCFY9.26%
SpS6.28
BVpS35.85
TBVpS35.58
PEG (NY)N/A
PEG (5Y)N/A
Graham Number41.74
Profitability
Industry RankSector Rank
ROA 2.16%
ROE 5.04%
ROCE 5.02%
ROIC 3.62%
ROICexc 3.63%
ROICexgc 3.64%
OM 55.11%
PM (TTM) 28.74%
GM 61.69%
FCFM 40.88%
ROA(3y)3.29%
ROA(5y)3.58%
ROE(3y)7.48%
ROE(5y)8.23%
ROIC(3y)3.14%
ROIC(5y)3.13%
ROICexc(3y)3.15%
ROICexc(5y)3.19%
ROICexgc(3y)3.16%
ROICexgc(5y)3.21%
ROCE(3y)4.36%
ROCE(5y)4.34%
ROICexgc growth 3Y2.83%
ROICexgc growth 5Y-0.45%
ROICexc growth 3Y2.84%
ROICexc growth 5Y-0.42%
OM growth 3Y-2.32%
OM growth 5Y-1.33%
PM growth 3Y-37.59%
PM growth 5Y-7.92%
GM growth 3Y-1.41%
GM growth 5Y-0.98%
F-Score7
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 13.94
Debt/EBITDA 7.27
Cap/Depr 39.59%
Cap/Sales 0.06%
Interest Coverage 3.15
Cash Conversion 74.09%
Profit Quality 142.23%
Current Ratio 0.22
Quick Ratio 0.21
Altman-Z 0.64
F-Score7
WACC5.15%
ROIC/WACC0.7
Cap/Depr(3y)101.2%
Cap/Depr(5y)65.96%
Cap/Sales(3y)0.16%
Cap/Sales(5y)0.11%
Profit Quality(3y)102.96%
Profit Quality(5y)149.36%
High Growth Momentum
Growth
EPS 1Y (TTM)-43%
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)10.04%
Revenue growth 3Y5.56%
Revenue growth 5Y2.63%
Sales Q2Q%-2.91%
Revenue Next Year4.49%
Revenue Next 2Y3.25%
Revenue Next 3Y3.12%
Revenue Next 5YN/A
EBIT growth 1Y4.89%
EBIT growth 3Y3.11%
EBIT growth 5Y1.27%
EBIT Next Year15.43%
EBIT Next 3Y7.68%
EBIT Next 5YN/A
FCF growth 1Y2.83%
FCF growth 3Y0.21%
FCF growth 5Y1.65%
OCF growth 1Y2.26%
OCF growth 3Y0.23%
OCF growth 5Y1.6%

SMARTCENTRES REAL ESTATE INV / SRU-UN.CA 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 4 / 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 5 / 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 102.3%.