PRO Real Estate Investment Trust
TSX:PRV.UN

Watchlist Manager
PRO Real Estate Investment Trust Logo
PRO Real Estate Investment Trust
TSX:PRV.UN
Watchlist
Price: 6.53 CAD 1.24% Market Closed
Market Cap: 412.8m CAD

Relative Value

The Relative Value of one PRV.UN stock under the Base Case scenario is 10.88 CAD. Compared to the current market price of 6.53 CAD, PRO Real Estate Investment Trust is Undervalued by 40%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

PRV.UN Relative Value
Base Case
10.88 CAD
Undervaluation 40%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
14
vs Industry
51
Median 3Y
3.3
Median 5Y
3.4
Industry
3.8
vs History
42
vs Industry
4
Median 3Y
11.2
Median 5Y
11.1
Industry
16.3
vs History
9
vs Industry
41
Median 3Y
10.2
Median 5Y
10.5
Industry
11.1
vs History
28
vs Industry
14
Median 3Y
4.3
Median 5Y
4
Industry
12.8
vs History
25
vs Industry
58
Median 3Y
0.7
Median 5Y
0.7
Industry
0.9
vs History
84
vs Industry
45
Median 3Y
7.2
Median 5Y
7.6
Industry
6.8
vs History
93
vs Industry
48
Median 3Y
12.2
Median 5Y
13
Industry
12.5
vs History
90
vs Industry
48
Median 3Y
14
Median 5Y
14.6
Industry
15.8
vs History
90
vs Industry
50
Median 3Y
14.2
Median 5Y
14.9
Industry
19.1
vs History
79
vs Industry
31
Median 3Y
23.1
Median 5Y
24.1
Industry
18.4
vs History
84
vs Industry
30
Median 3Y
23.9
Median 5Y
24.6
Industry
20.5
vs History
93
vs Industry
52
Median 3Y
0.7
Median 5Y
0.8
Industry
0.8

Multiples Across Competitors

PRV.UN Competitors Multiples
PRO Real Estate Investment Trust Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
PRO Real Estate Investment Trust
TSX:PRV.UN
412.8m CAD 4 11.8 12.7 12.9
ZA
Growthpoint Properties Ltd
JSE:GRT
58.2B Zac 0 0 0 0
ZA
Redefine Properties Ltd
JSE:RDF
38.5B Zac 0 0 0 0
US
WP Carey Inc
NYSE:WPC
14.1B USD 8.4 38.7 16.4 26.1
ZA
Attacq Ltd
JSE:ATT
11.4B Zac 0 0 0 0
ZA
Fairvest Ltd
JSE:FTA
10.9B Zac 0 0 0 0
JP
KDX Realty Investment Corp
OTC:KDXRF
9.5B USD 18.9 44.1 38.7 48.7
AU
Stockland Corporation Ltd
ASX:SGP
14.2B AUD 4.5 17.2 23.5 23.5
ZA
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
8.8B Zac 0 0 0 0
ES
MERLIN Properties SOCIMI SA
MAD:MRL
6.9B EUR 13.3 10.8 26.7 27.1
AU
Charter Hall Group
ASX:CHC
12B AUD 17.4 53.1 26.6 26.7
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
PRO Real Estate Investment Trust
TSX:PRV.UN
Average EV/EBITDA: 24.1
12.7
N/A N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-1%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
1%
N/A
US
WP Carey Inc
NYSE:WPC
16.4
8%
2.1
ZA
A
Attacq Ltd
JSE:ATT
Not Available N/A N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
38.7
N/A N/A
AU
Stockland Corporation Ltd
ASX:SGP
23.5
19%
1.2
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
0%
N/A
ES
MERLIN Properties SOCIMI SA
MAD:MRL
26.7
10%
2.7
AU
Charter Hall Group
ASX:CHC
26.6
21%
1.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
PRO Real Estate Investment Trust
TSX:PRV.UN
Average EV/EBIT: 27.5
12.9
N/A N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-2%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
5%
N/A
US
WP Carey Inc
NYSE:WPC
26.1
11%
2.4
ZA
A
Attacq Ltd
JSE:ATT
Not Available
4%
N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
48.7
N/A N/A
AU
Stockland Corporation Ltd
ASX:SGP
23.5
18%
1.3
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available N/A N/A
ES
MERLIN Properties SOCIMI SA
MAD:MRL
27.1
20%
1.4
AU
Charter Hall Group
ASX:CHC
26.7
20%
1.3