SmartCentres Real Estate Investment Trust
TSX:SRU.UN

Watchlist Manager
SmartCentres Real Estate Investment Trust Logo
SmartCentres Real Estate Investment Trust
TSX:SRU.UN
Watchlist
Price: 25.23 CAD Market Closed
Market Cap: 3.7B CAD

Relative Value

The Relative Value of one SRU.UN stock under the Base Case scenario is 53.7 CAD. Compared to the current market price of 25.23 CAD, SmartCentres Real Estate Investment Trust is Undervalued by 53%.

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.

SRU.UN Relative Value
Base Case
53.7 CAD
Undervaluation 53%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
69
vs Industry
44
Median 3Y
4.1
Median 5Y
4.3
Industry
3.8
Forward
3.9
vs History
41
vs Industry
33
Median 3Y
12.3
Median 5Y
12.3
Industry
16.3
Forward
16.9
vs History
71
vs Industry
40
Median 3Y
10.1
Median 5Y
10.3
Industry
11.1
vs History
66
vs Industry
28
Median 3Y
12.9
Median 5Y
11.8
Industry
12.8
vs History
63
vs Industry
54
Median 3Y
0.7
Median 5Y
0.7
Industry
0.9
vs History
96
vs Industry
38
Median 3Y
9.1
Median 5Y
9.5
Industry
6.9
Forward
7.7
vs History
98
vs Industry
36
Median 3Y
14.9
Median 5Y
15.5
Industry
12.5
vs History
96
vs Industry
38
Median 3Y
16.7
Median 5Y
17.3
Industry
15.8
Forward
12.9
vs History
96
vs Industry
43
Median 3Y
16.7
Median 5Y
17.4
Industry
19
vs History
96
vs Industry
32
Median 3Y
22.4
Median 5Y
22.6
Industry
18.4
vs History
96
vs Industry
31
Median 3Y
22.5
Median 5Y
22.6
Industry
20.4
vs History
98
vs Industry
53
Median 3Y
0.7
Median 5Y
0.7
Industry
0.8

Multiples Across Competitors

SRU.UN Competitors Multiples
SmartCentres 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
SmartCentres Real Estate Investment Trust
TSX:SRU.UN
3.7B CAD 4 14 14.5 14.5
US
Simon Property Group Inc
NYSE:SPG
59.5B USD 9.7 26.5 18.3 26.8
US
Realty Income Corp
NYSE:O
52.7B USD 9.4 54.8 16.2 32.4
SG
CapitaLand Integrated Commercial Trust
SGX:C38U
17B 0 0 0 0
AU
Scentre Group
ASX:SCG
21.6B AUD 8.1 15.2 20 20
US
Kimco Realty Corp
NYSE:KIM
13.7B USD 6.5 24.4 16.3 30.9
US
Regency Centers Corp
NASDAQ:REG
12.3B USD 8.1 31 17.7 29.9
HK
Link Real Estate Investment Trust
HKEX:823
88.9B HKD 6.3 -13.1 14 14
FR
Klepierre SA
PAR:LI
9.4B EUR 6.1 7.9 16 16
US
Federal Realty Investment Trust
NYSE:FRT
8.5B USD 6.8 25.2 16.5 30
FR
Unibail-Rodamco-Westfield SE
AEX:URW
7.2B EUR 2.4 55.2 17.4 17.5