Slate Office REIT
TSX:SOT.UN

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Slate Office REIT
TSX:SOT.UN
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Price: 0.63 CAD 21.15% Market Closed
Market Cap: 32.2m CAD

Relative Value

The Relative Value of one SOT.UN stock under the Base Case scenario is 13.17 CAD. Compared to the current market price of 0.63 CAD, Slate Office REIT is Undervalued by 95%.

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.

SOT.UN Relative Value
Base Case
13.17 CAD
Undervaluation 95%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
77
vs Industry
91
Median 3Y
0.2
Median 5Y
0.7
Industry
3.8
vs History
vs Industry
Median 3Y
-0.1
Median 5Y
-0
Industry
16.9
vs History
77
vs Industry
68
Median 3Y
1
Median 5Y
2.8
Industry
11.1
vs History
vs Industry
31
Median 3Y
-0.4
Median 5Y
-0.3
Industry
13.1
vs History
57
vs Industry
83
Median 3Y
0.2
Median 5Y
0.2
Industry
0.9
vs History
84
vs Industry
77
Median 3Y
3.1
Median 5Y
4.6
Industry
6.7
vs History
84
vs Industry
79
Median 3Y
6.9
Median 5Y
9.9
Industry
12.3
vs History
84
vs Industry
69
Median 3Y
8.5
Median 5Y
12.2
Industry
16
vs History
84
vs Industry
68
Median 3Y
8.5
Median 5Y
12.2
Industry
19.3
vs History
84
vs Industry
58
Median 3Y
16.5
Median 5Y
19.6
Industry
18.5
vs History
84
vs Industry
50
Median 3Y
16.5
Median 5Y
19.6
Industry
20.2
vs History
84
vs Industry
83
Median 3Y
0.3
Median 5Y
0.5
Industry
0.8

Multiples Across Competitors

SOT.UN Competitors Multiples
Slate Office REIT Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Slate Office REIT
TSX:SOT.UN
32.2m CAD 0.2 -0.1 3 3
US
Alexandria Real Estate Equities Inc
NYSE:ARE
13.3B USD 4.1 101.6 11.8 28.2
US
Boston Properties Inc
NYSE:BXP
10.9B USD 3.2 -2 464.1 13.9 25.9
US
Kilroy Realty Corp
NYSE:KRC
8.6B USD 7.6 43.1 19.1 39.8
JP
Nippon Building Fund Inc
TSE:8951
1.1T JPY 11.4 25 25.5 33.8
US
Vornado Realty Trust
NYSE:VNO
7.4B USD 4.1 71.4 19.5 53.2
FR
Covivio SA
PAR:COV
6B EUR 4.6 88.4 16.2 18.6
US
COPT Defense Properties
NYSE:CDP
6.2B USD 8.3 44.4 39.7 39.7
JP
Japan Real Estate Investment Corp
TSE:8952
846.6B JPY 9.9 22.5 22.8 29.5
AU
Dexus
ASX:DXS
7.6B AUD 8.8 -7.8 32.2 32.2
US
Cousins Properties Inc
NYSE:CUZ
4.7B USD 5.3 88.4 13.6 40.9
P/E Multiple
Earnings Growth PEG
CA
Slate Office REIT
TSX:SOT.UN
Average P/E: 60.6
Negative Multiple: -0.1
N/A N/A
US
Alexandria Real Estate Equities Inc
NYSE:ARE
101.6
1%
101.6
US
Boston Properties Inc
NYSE:BXP
Negative Multiple: -2 464.1
185%
N/A
US
Kilroy Realty Corp
NYSE:KRC
43.1
-22%
N/A
JP
Nippon Building Fund Inc
TSE:8951
25
0%
N/A
US
Vornado Realty Trust
NYSE:VNO
71.4
138%
0.5
FR
Covivio SA
PAR:COV
88.4
98%
0.9
US
COPT Defense Properties
NYSE:CDP
44.4
6%
7.4
JP
Japan Real Estate Investment Corp
TSE:8952
22.5
-1%
N/A
AU
Dexus
ASX:DXS
Negative Multiple: -7.8 N/A N/A
US
Cousins Properties Inc
NYSE:CUZ
88.4
17%
5.2