` Comparison: AP.UN, VNO - Alpha Spread

AP.UN
vs
VNO

Over the past 12 months, AP.UN has underperformed VNO, delivering a return of -26% compared to the VNO's 21% drop.

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AP.UN
VNO
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Stocks Compared:
AP.UN VNO
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Valuation Comparison

AP.UN Intrinsic Value
31.81 CAD
Undervaluation 58%
Intrinsic Value
Price
VNO Intrinsic Value
35.51 USD
Fairly Valued
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Allied Properties Real Estate Investment Trust
TSX:AP.UN
13.22 CAD
Vornado Realty Trust
NYSE:VNO
35.35 USD
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Growth Comparison

Growth Over Time
AP.UN, VNO

AP.UN
VNO
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Allied Properties Real Estate Investment Trust
Revenue
Vornado Realty Trust
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
AP.UN, VNO

AP.UN
VNO
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Allied Properties Real Estate Investment Trust
TSX:AP.UN
Vornado Realty Trust
NYSE:VNO
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What is Free Cash Flow?

Gross Margin

AP.UN
55.9%
VNO
49.2%

Operating Margin

AP.UN
45.9%
VNO
14.8%

Net Margin

AP.UN
-95.8%
VNO
46.5%

FCF Margin

AP.UN
33.8%
VNO
35.3%

ROE

AP.UN
-10.5%
VNO
14.9%

ROA

AP.UN
-5.4%
VNO
5.3%

ROIC

AP.UN
2.6%
VNO
1.8%

ROCE

AP.UN
2.9%
VNO
1.8%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
AP.UN, VNO

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Performance Gap
AP.UN, VNO

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AP.UN
VNO
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
AP.UN, VNO

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VNO
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