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True North Commercial REIT
TSX:TNT.UN

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True North Commercial REIT
TSX:TNT.UN
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Price: 9.65 CAD 0.73% Market Closed
Updated: Apr 28, 2024

Relative Value

The Relative Value of one TNT.UN stock under the Base Case scenario is 61.56 CAD. Compared to the current market price of 9.65 CAD, True North Commercial REIT is Undervalued by 84%.

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.

TNT.UN Relative Value
Base Case
61.56 CAD
Undervaluation 84%
Relative Value
Price
T
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
90
vs Industry
70
Median 3Y
3.8
Median 5Y
3.8
Industry
3.6
vs History
vs Industry
9
Median 3Y
10.9
Median 5Y
11.3
Industry
15.9
vs History
90
vs Industry
65
Median 3Y
6.3
Median 5Y
6.4
Industry
10
vs History
1
vs Industry
4
Median 3Y
8.8
Median 5Y
6.4
Industry
12.1
vs History
90
vs Industry
76
Median 3Y
1
Median 5Y
1
Industry
0.8
vs History
90
vs Industry
48
Median 3Y
8.6
Median 5Y
8.9
Industry
6.7
vs History
82
vs Industry
45
Median 3Y
14.2
Median 5Y
14.9
Industry
11.6
vs History
82
vs Industry
50
Median 3Y
15
Median 5Y
16.4
Industry
15.6
vs History
82
vs Industry
52
Median 3Y
15
Median 5Y
16.4
Industry
18.6
vs History
79
vs Industry
49
Median 3Y
14
Median 5Y
15
Industry
17.1
vs History
79
vs Industry
43
Median 3Y
14
Median 5Y
15
Industry
18.9
vs History
84
vs Industry
51
Median 3Y
0.9
Median 5Y
0.9
Industry
0.7

Multiples Across Competitors

TNT.UN Competitors Multiples
True North Commercial REIT 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
True North Commercial REIT
TSX:TNT.UN
151.3m CAD 1.1 -3.7 11.5 11.5
US
Alexandria Real Estate Equities Inc
NYSE:ARE
20B USD 6.6 108.6 16 36.7
US
Boston Properties Inc
NYSE:BXP
9.7B USD 2.9 50.8 13 23.5
JP
Nippon Building Fund Inc
TSE:8951
1T JPY 10.8 26.3 27 37.4
US
Vornado Realty Trust
NYSE:VNO
5.1B USD 2.8 116.8 16.3 41.5
FR
Covivio SA
PAR:COV
4.7B EUR 5.4 -3.3 16.7 18
AU
Dexus
ASX:DXS
7.6B AUD 8.7 -5.5 30.8 30.8
JP
Japan Real Estate Investment Corp
TSE:8952
764.1B JPY 10.1 23 23.8 32.3
JP
Kenedix Office Investment Corp
TSE:8972
634.7B JPY 18.7 46.1 37.8 50.2
US
Kilroy Realty Corp
NYSE:KRC
3.9B USD 3.4 18.4 12.1 25.2
US
Cousins Properties Inc
NYSE:CUZ
3.5B USD 4.3 41.8 11 29.5

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