Allied Properties Real Estate Investment Trust
TSX:AP.UN
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Catella AB
STO:CAT B
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SE |
EV/OCF
Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.
Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.
Valuation Scenarios
If EV/OCF returns to its 3-Year Average (23.1), the stock would be worth CA$10.74 (4% upside from current price).
| Scenario | EV/OCF Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 22.1 | CA$10.3 |
0%
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| 3-Year Average | 23.1 | CA$10.74 |
+4%
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| 5-Year Average | 26.9 | CA$12.52 |
+22%
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| Industry Average | 22.6 | CA$10.5 |
+2%
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| Country Average | 11.9 | CA$5.56 |
-46%
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Forward EV/OCF
Today’s price vs future operating cash flow
Peer Comparison
| Market Cap | EV/OCF | P/E | ||||
|---|---|---|---|---|---|---|
| CA |
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Allied Properties Real Estate Investment Trust
TSX:AP.UN
|
1.9B CAD | 22.1 | -1 | |
| US |
|
Boston Properties Inc
NYSE:BXP
|
9.2B USD | 19.8 | 33.1 | |
| US |
|
Alexandria Real Estate Equities Inc
NYSE:ARE
|
8.1B USD | 13.7 | -5.6 | |
| FR |
|
Covivio SA
PAR:COV
|
6.3B EUR | 17.7 | 8.5 | |
| JP |
|
Nippon Building Fund Inc
TSE:8951
|
1.2T JPY | 19.2 | 26.9 | |
| US |
|
COPT Defense Properties
NYSE:CDP
|
7.2B USD | 31.2 | 47.2 | |
| US |
|
Vornado Realty Trust
NYSE:VNO
|
5.6B USD | 9.5 | 6.6 | |
| JP |
|
Japan Real Estate Investment Corp
TSE:8952
|
858.7B JPY | 18.8 | 23.4 | |
| AU |
|
Dexus
ASX:DXS
|
6.7B AUD | 15 | 12.9 | |
| SG |
|
Keppel REIT
SGX:K71U
|
4.4B | 0 | 0 | |
| JP |
|
Kenedix Office Investment Corp
TSE:8972
|
670.9B JPY | 13.2 | 19.8 |
Market Distribution
| Min | 0 |
| 30th Percentile | 7.9 |
| Median | 11.9 |
| 70th Percentile | 19.5 |
| Max | 22 577.3 |
Other Multiples
Allied Properties Real Estate Investment Trust
Glance View
Allied Properties Real Estate Investment Trust is a compelling narrative in the landscape of urban property markets. Born from a desire to transform underutilized spaces into vibrant community assets, Allied has established itself as a cornerstone in Canada’s real estate sector. The company specializes in revitalizing urban spaces, primarily focusing on office properties that are integral to the fabric of major Canadian cities. Their portfolio stretches across cities like Toronto, Montreal, Vancouver, and Calgary, encapsulating a wide array of architectural styles and historical significance. Allied's strategic emphasis on major urban centers offers it the advantage of a consistent, thriving clientele ranging from tech startups to established corporations, all seeking inspiring work environments. At the heart of Allied’s strategy is its adeptness at appreciating the intrinsic value of urban cores. The company thrives by acquiring, developing, and managing distinctive urban properties that foster community and innovation. Allied generates revenue through leasing its creative office spaces, benefiting from long-term, stable cash flows. These spaces are not just about housing businesses; they are about creating environments where ideas can flourish, centered around properties with a blend of historic charm and modern functionality. Additionally, Allied is deeply committed to sustainability, often updating and retrofitting its properties with green technologies to enhance energy efficiency. This not only aligns with evolving urban policies but also attracts environmentally-conscious tenants, further solidifying Allied’s status as a leader in urban real estate.