Morguard Real Estate Investment Trust
TSX:MRT.UN
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P/OCF
Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.
Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.
Valuation Scenarios
If P/OCF returns to its 3-Year Average (6.3), the stock would be worth CA$3.84 (42% downside from current price).
| Scenario | P/OCF Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 10.8 | CA$6.56 |
0%
|
| 3-Year Average | 6.3 | CA$3.84 |
-42%
|
| 5-Year Average | 5.4 | CA$3.26 |
-50%
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| Industry Average | 11.6 | CA$7.05 |
+7%
|
| Country Average | 10.9 | CA$6.66 |
+2%
|
Forward P/OCF
Today’s price vs future operating cash flow
Peer Comparison
| Market Cap | P/OCF | P/E | ||||
|---|---|---|---|---|---|---|
| CA |
|
Morguard Real Estate Investment Trust
TSX:MRT.UN
|
435.8m CAD | 10.8 | -26.3 | |
| ZA |
G
|
Growthpoint Properties Ltd
JSE:GRT
|
56.6B ZAR | 66.6 | 10.9 | |
| ZA |
R
|
Redefine Properties Ltd
JSE:RDF
|
43.1B ZAR | 12.4 | 10.5 | |
| US |
|
WP Carey Inc
NYSE:WPC
|
15.9B USD | 12.4 | 34.1 | |
| ZA |
F
|
Fairvest Ltd
JSE:FTA
|
13.7B ZAR | 220.1 | 9.3 | |
| ZA |
A
|
Attacq Ltd
JSE:ATT
|
11.5B ZAR | 10.5 | 8 | |
| ES |
|
MERLIN Properties SOCIMI SA
MAD:MRL
|
8.3B EUR | 20.5 | 10.9 | |
| JP |
|
KDX Realty Investment Corp
OTC:KDXRF
|
9.5B USD | 18.2 | 44.3 | |
| ZA |
S
|
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
|
9.1B ZAR | 215.1 | 16.2 | |
| ZA |
H
|
Heriot REIT Ltd
JSE:HET
|
7.3B ZAR | 9.8 | 5.6 | |
| AU |
|
Stockland Corporation Ltd
ASX:SGP
|
9.9B AUD | 49.3 | 11.3 |
Market Distribution
| Min | 0.1 |
| 30th Percentile | 7.2 |
| Median | 10.9 |
| 70th Percentile | 17 |
| Max | 26 053.9 |
Other Multiples
Morguard Real Estate Investment Trust
Glance View
Morguard Real Estate Investment Trust is a closed-end investment trust. The company is headquartered in Mississauga, Ontario. The Trust operates through three segments: retail, office and industrial. The Trust's retail portfolio includes two categories of properties: enclosed full-scale, regional shopping centers that are dominant in their respective markets, and community strip centers that are primarily anchored by food retailers, discount department stores and banking institutions. The Trust's office portfolio is focused on properties in Canadian urban centers. The Trust's industrial portfolio has an interest in approximately four industrial properties located in Ontario. The company owns a real estate portfolio of approximately 46 retail, office and industrial properties consisting of approximately 8.3 million square feet of gross leasable area located in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec.
