SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) Stock Fundamental Analysis
Canada - TSX:SRU-UN - CA83179X1087 - REIT
26.86 CAD
-0.1 (-0.37%)
Taking everything into account, SRU-UN scores 4 out of 10 in our fundamental rating. SRU-UN was compared to 37 industry peers in the Diversified REITs industry. There are concerns on the financial health of SRU-UN while its profitability can be described as average. SRU-UN has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
SRU-UN had positive earnings in the past year.
In the past year SRU-UN had a positive cash flow from operations.
Each year in the past 5 years SRU-UN has been profitable.
In the past 5 years SRU-UN always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.91%, SRU-UN is in the better half of the industry, outperforming 70.27% of the companies in the same industry.
SRU-UN has a better Return On Equity (4.43%) than 64.86% of its industry peers.
The Return On Invested Capital of SRU-UN (3.45%) is worse than 70.27% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SRU-UN is below the industry average of 5.56%.
The last Return On Invested Capital (3.45%) for SRU-UN is above the 3 year average (3.14%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.91% | ||
| ROE | 4.43% | ||
| ROIC | 3.45% |
ROA(3y)3.29%
ROA(5y)3.58%
ROE(3y)7.48%
ROE(5y)8.23%
ROIC(3y)3.14%
ROIC(5y)3.13%
1.3 Margins
With a decent Profit Margin value of 24.85%, SRU-UN is doing good in the industry, outperforming 70.27% of the companies in the same industry.
SRU-UN's Profit Margin has declined in the last couple of years.
SRU-UN has a Operating Margin of 54.21%. This is in the better half of the industry: SRU-UN outperforms 62.16% 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.
Looking at the Gross Margin, with a value of 60.65%, SRU-UN is in line with its industry, outperforming 54.05% of the companies in the same industry.
In the last couple of years the Gross Margin of SRU-UN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 54.21% | ||
| PM (TTM) | 24.85% | ||
| GM | 60.65% |
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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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.
The debt/assets ratio for SRU-UN is higher compared to a year ago.
2.2 Solvency
SRU-UN has an Altman-Z score of 0.69. This is a bad value and indicates that SRU-UN is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 0.69, SRU-UN is doing good in the industry, outperforming 67.57% of the companies in the same industry.
SRU-UN has a debt to FCF ratio of 13.31. This is a negative value and a sign of low solvency as SRU-UN would need 13.31 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 13.31, SRU-UN is in the better half of the industry, outperforming 75.68% of the companies in the same industry.
A Debt/Equity ratio of 0.80 indicates that SRU-UN is somewhat dependend on debt financing.
SRU-UN's Debt to Equity ratio of 0.80 is fine compared to the rest of the industry. SRU-UN outperforms 75.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | 13.31 | ||
| Altman-Z | 0.69 |
ROIC/WACC0.63
WACC5.47%
2.3 Liquidity
SRU-UN has a Current Ratio of 0.29. 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.
With a Current ratio value of 0.29, SRU-UN perfoms like the industry average, outperforming 59.46% of the companies in the same industry.
SRU-UN has a Quick Ratio of 0.29. 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 better Quick ratio (0.27) than 62.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.29 | ||
| Quick Ratio | 0.27 |
3. Growth
3.1 Past
The earnings per share for SRU-UN have decreased strongly by -16.30% in the last year.
Measured over the past years, SRU-UN shows a decrease in Earnings Per Share. The EPS has been decreasing by -6.47% on average per year.
Looking at the last year, SRU-UN shows a small growth in Revenue. The Revenue has grown by 7.40% in the last year.
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)-16.3%
EPS 3Y-34.98%
EPS 5Y-6.47%
EPS Q2Q%-15.98%
Revenue 1Y (TTM)7.4%
Revenue growth 3Y5.56%
Revenue growth 5Y2.63%
Sales Q2Q%-2.27%
3.2 Future
The Earnings Per Share is expected to decrease by -0.94% on average over the next years.
The Revenue is expected to grow by 3.89% on average over the next years.
EPS Next Y-28.03%
EPS Next 2Y-3.32%
EPS Next 3Y-0.94%
EPS Next 5YN/A
Revenue Next Year4.25%
Revenue Next 2Y3.31%
Revenue Next 3Y3.89%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 12.44, which indicates a correct valuation of SRU-UN.
Based on the Price/Earnings ratio, SRU-UN is valued cheaply inside the industry as 86.49% of the companies are valued more expensively.
SRU-UN is valuated cheaply when we compare the Price/Earnings ratio to 27.27, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 13.30, the valuation of SRU-UN can be described as correct.
SRU-UN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SRU-UN is cheaper than 64.86% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.77. SRU-UN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.44 | ||
| Fwd PE | 13.3 |
4.2 Price Multiples
SRU-UN's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SRU-UN is cheaper than 72.97% of the companies in the same industry.
SRU-UN's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.07 | ||
| EV/EBITDA | 17.86 |
4.3 Compensation for Growth
SRU-UN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-3.32%
EPS Next 3Y-0.94%
5. Dividend
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 comparable with the industry average which is at 7.90.
SRU-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.12% |
5.2 History
The dividend of SRU-UN is nicely growing with an annual growth rate of 6.39%!
SRU-UN has paid a dividend for at least 10 years, which is 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)6.39%
Div Incr Years1
Div Non Decr Years22
5.3 Sustainability
116.32% 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.
DP116.32%
EPS Next 2Y-3.32%
EPS Next 3Y-0.94%
TSX:SRU-UN (9/15/2025, 7:00:00 PM)
26.86
-0.1 (-0.37%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners16.95%
Inst Owner ChangeN/A
Ins Owners11.14%
Ins Owner ChangeN/A
Market Cap3.89B
Analysts70
Price Target28.08 (4.54%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.12% |
Yearly Dividend1.57
Dividend Growth(5Y)6.39%
DP116.32%
Div Incr Years1
Div Non Decr Years22
Ex-Date
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)1.38%
PT rev (3m)1.61%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-21.03%
EPS NY rev (3m)-21.03%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.56%
Revenue NY rev (3m)-0.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.44 | ||
| Fwd PE | 13.3 | ||
| P/S | 4.2 | ||
| P/FCF | 10.07 | ||
| P/OCF | 10.05 | ||
| P/B | 0.75 | ||
| P/tB | 0.75 | ||
| EV/EBITDA | 17.86 |
EPS(TTM)2.16
EY8.04%
EPS(NY)2.02
Fwd EY7.52%
FCF(TTM)2.67
FCFY9.93%
OCF(TTM)2.67
OCFY9.95%
SpS6.4
BVpS35.87
TBVpS35.59
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.91% | ||
| ROE | 4.43% | ||
| ROCE | 4.8% | ||
| ROIC | 3.45% | ||
| ROICexc | 3.46% | ||
| ROICexgc | 3.48% | ||
| OM | 54.21% | ||
| PM (TTM) | 24.85% | ||
| GM | 60.65% | ||
| FCFM | 41.69% |
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%
ROICexcg growth 3Y2.83%
ROICexcg 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | 13.31 | ||
| Debt/EBITDA | 8.24 | ||
| Cap/Depr | 45.08% | ||
| Cap/Sales | 0.06% | ||
| Interest Coverage | 3.31 | ||
| Cash Conversion | 76.82% | ||
| Profit Quality | 167.77% | ||
| Current Ratio | 0.29 | ||
| Quick Ratio | 0.27 | ||
| Altman-Z | 0.69 |
F-Score7
WACC5.47%
ROIC/WACC0.63
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)-16.3%
EPS 3Y-34.98%
EPS 5Y-6.47%
EPS Q2Q%-15.98%
EPS Next Y-28.03%
EPS Next 2Y-3.32%
EPS Next 3Y-0.94%
EPS Next 5YN/A
Revenue 1Y (TTM)7.4%
Revenue growth 3Y5.56%
Revenue growth 5Y2.63%
Sales Q2Q%-2.27%
Revenue Next Year4.25%
Revenue Next 2Y3.31%
Revenue Next 3Y3.89%
Revenue Next 5YN/A
EBIT growth 1Y7.22%
EBIT growth 3Y3.11%
EBIT growth 5Y1.27%
EBIT Next Year15.33%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y5.69%
FCF growth 3Y0.21%
FCF growth 5Y1.65%
OCF growth 1Y5.3%
OCF growth 3Y0.23%
OCF growth 5Y1.6%