Plaza Retail REIT
TSX:PLZ.UN
Decide at what price you'd be comfortable buying and we'll help you stay ready.
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P/FCFE
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Valuation Scenarios
If P/FCFE returns to its 3-Year Average (12.8), the stock would be worth CA$2.04 (54% downside from current price).
| Scenario | P/FCFE Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 27.9 | CA$4.45 |
0%
|
| 3-Year Average | 12.8 | CA$2.04 |
-54%
|
| 5-Year Average | 14.1 | CA$2.25 |
-49%
|
| Industry Average | 11.2 | CA$1.78 |
-60%
|
| Country Average | 22 | CA$3.51 |
-21%
|
Forward P/FCFE
Today’s price vs future free cash flow to equity
Peer Comparison
| Market Cap | P/FCFE | P/E | ||||
|---|---|---|---|---|---|---|
| CA |
|
Plaza Retail REIT
TSX:PLZ.UN
|
491.4m CAD | 27.9 | 8.9 | |
| US |
|
Simon Property Group Inc
NYSE:SPG
|
65.8B USD | 24.9 | 14.3 | |
| US |
|
Realty Income Corp
NYSE:O
|
59.6B USD | 6 285.6 | 56.3 | |
| SG |
|
CapitaLand Integrated Commercial Trust
SGX:C38U
|
18B | 0 | 0 | |
| US |
|
Kimco Realty Corp
NYSE:KIM
|
15.8B USD | -174.7 | 28.6 | |
| US |
|
Regency Centers Corp
NASDAQ:REG
|
14.3B USD | 77.3 | 27.9 | |
| AU |
|
Scentre Group
ASX:SCG
|
19.7B AUD | 22.3 | 11.1 | |
| HK |
|
Link Real Estate Investment Trust
HKEX:823
|
101.4B HKD | 15.8 | -14.9 | |
| FR |
|
Klepierre SA
PAR:LI
|
9.9B EUR | 9.5 | 7.6 | |
| US |
|
Federal Realty Investment Trust
NYSE:FRT
|
9.9B USD | -36.3 | 24.6 | |
| US |
|
Agree Realty Corp
NYSE:ADC
|
9.2B USD | -13.1 | 46.7 |
Market Distribution
| Min | 0 |
| 30th Percentile | 13.2 |
| Median | 22 |
| 70th Percentile | 36 |
| Max | 116 589.8 |
Other Multiples
Plaza Retail REIT
Glance View
Plaza Retail REIT operates as an open-ended real estate investment trust, which acquires, develops and redevelops unenclosed and enclosed retail real estate in Atlantic Canada, Québec and Ontario. The company is headquartered in Fredericton, New Brunswick. The company went IPO on 2014-01-08. The firm operates a retail real estate ownership and development business in Canada. The company is a developer, owner and manager of retail real estate located primarily in Ontario, Quebec and Atlantic Canada. The firm's portfolio includes interests in approximately 255 properties totaling approximately 8.6 million square feet across Canada and additional lands held for development. These include properties indirectly held by the Company through its subsidiaries and through joint arrangements. Its portfolio consists of open-air centers and stand-alone small box retail outlets and is predominantly occupied by national tenants. The firm's properties are located in Alberta, Newfoundland and Labrador, New Brunswick, Nova Scotia, Manitoba, Ontario, Prince Edward Island and Quebec.
