NORTHVIEW RESIDENTIAL REIT (NRR-UN.CA) Stock Fundamental Analysis

TSX:NRR-UN • CA66719E1025

16.86 CAD
+0.21 (+1.26%)
Last: Feb 17, 2026, 07:00 PM
Fundamental Rating

3

Taking everything into account, NRR-UN scores 3 out of 10 in our fundamental rating. NRR-UN was compared to 14 industry peers in the Residential REITs industry. Both the profitability and financial health of NRR-UN have multiple concerns. NRR-UN has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year NRR-UN was profitable.
  • NRR-UN had a positive operating cash flow in the past year.
  • NRR-UN had positive earnings in 4 of the past 5 years.
  • NRR-UN had a positive operating cash flow in 4 of the past 5 years.
NRR-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFNRR-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 50M 100M 150M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 1.71%, NRR-UN is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • NRR-UN's Return On Equity of 5.56% is in line compared to the rest of the industry. NRR-UN outperforms 50.00% of its industry peers.
  • The Return On Invested Capital of NRR-UN (2.04%) is worse than 71.43% of its industry peers.
Industry RankSector Rank
ROA 1.71%
ROE 5.56%
ROIC 2.04%
ROA(3y)3.34%
ROA(5y)2.73%
ROE(3y)11.26%
ROE(5y)9.37%
ROIC(3y)N/A
ROIC(5y)N/A
NRR-UN.CA Yearly ROA, ROE, ROICNRR-UN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 5 10 15

1.3 Margins

  • NRR-UN has a Profit Margin (16.22%) which is in line with its industry peers.
  • NRR-UN has a Operating Margin of 23.93%. This is in the lower half of the industry: NRR-UN underperforms 71.43% of its industry peers.
  • In the last couple of years the Operating Margin of NRR-UN has grown nicely.
  • NRR-UN's Gross Margin of 71.68% is fine compared to the rest of the industry. NRR-UN outperforms 78.57% of its industry peers.
  • In the last couple of years the Gross Margin of NRR-UN has declined.
Industry RankSector Rank
OM 23.93%
PM (TTM) 16.22%
GM 71.68%
OM growth 3Y89.02%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.04%
GM growth 5YN/A
NRR-UN.CA Yearly Profit, Operating, Gross MarginsNRR-UN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 100 200

2

2. Health

2.1 Basic Checks

  • NRR-UN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, NRR-UN has about the same amount of shares outstanding.
  • Compared to 1 year ago, NRR-UN has an improved debt to assets ratio.
NRR-UN.CA Yearly Shares OutstandingNRR-UN.CA Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 10M 20M 30M
NRR-UN.CA Yearly Total Debt VS Total AssetsNRR-UN.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • NRR-UN has an Altman-Z score of 0.27. This is a bad value and indicates that NRR-UN is not financially healthy and even has some risk of bankruptcy.
  • NRR-UN's Altman-Z score of 0.27 is on the low side compared to the rest of the industry. NRR-UN is outperformed by 85.71% of its industry peers.
  • NRR-UN has a debt to FCF ratio of 16.92. This is a negative value and a sign of low solvency as NRR-UN would need 16.92 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 16.92, NRR-UN is in line with its industry, outperforming 42.86% of the companies in the same industry.
  • NRR-UN has a Debt/Equity ratio of 1.70. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.70, NRR-UN is not doing good in the industry: 92.86% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.7
Debt/FCF 16.92
Altman-Z 0.27
ROIC/WACC0.53
WACC3.83%
NRR-UN.CA Yearly LT Debt VS Equity VS FCFNRR-UN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 500M 1B

2.3 Liquidity

  • A Current Ratio of 0.34 indicates that NRR-UN may have some problems paying its short term obligations.
  • The Current ratio of NRR-UN (0.34) is better than 78.57% of its industry peers.
  • A Quick Ratio of 0.34 indicates that NRR-UN may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.34, NRR-UN is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.34
Quick Ratio 0.34
NRR-UN.CA Yearly Current Assets VS Current LiabilitesNRR-UN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 200M 400M 600M 800M

3

3. Growth

3.1 Past

  • NRR-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 136.74%, which is quite impressive.
  • Looking at the last year, NRR-UN shows a small growth in Revenue. The Revenue has grown by 1.19% in the last year.
  • The Revenue has been growing by 12.84% on average over the past years. This is quite good.
EPS 1Y (TTM)136.74%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%365.69%
Revenue 1Y (TTM)1.19%
Revenue growth 3Y12.84%
Revenue growth 5YN/A
Sales Q2Q%1.13%

3.2 Future

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
NRR-UN.CA Yearly Revenue VS EstimatesNRR-UN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

4

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 10.67, the valuation of NRR-UN can be described as reasonable.
  • NRR-UN's Price/Earnings ratio is a bit cheaper when compared to the industry. NRR-UN is cheaper than 64.29% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of NRR-UN to the average of the S&P500 Index (27.16), we can say NRR-UN is valued rather cheaply.
Industry RankSector Rank
PE 10.67
Fwd PE N/A
NRR-UN.CA Price Earnings VS Forward Price EarningsNRR-UN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, NRR-UN is valued a bit cheaper than the industry average as 78.57% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, NRR-UN is valued cheaper than 100.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 0.68
EV/EBITDA 23.59
NRR-UN.CA Per share dataNRR-UN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150 200

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

5

5. Dividend

5.1 Amount

  • NRR-UN has a Yearly Dividend Yield of 11.33%, which is a nice return.
  • Compared to an average industry Dividend Yield of 4.74, NRR-UN pays a better dividend. On top of this NRR-UN pays more dividend than 100.00% of the companies listed in the same industry.
  • NRR-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 11.33%

5.2 History

  • NRR-UN has been paying a dividend for over 5 years, so it has already some track record.
  • NRR-UN has decreased its dividend recently.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
NRR-UN.CA Yearly Dividends per shareNRR-UN.CA Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • NRR-UN pays out 87.52% of its income as dividend. This is not a sustainable payout ratio.
DP87.52%
EPS Next 2YN/A
EPS Next 3YN/A
NRR-UN.CA Yearly Income VS Free CF VS DividendNRR-UN.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2020 2021 2022 2023 2024 0 50M 100M 150M
NRR-UN.CA Dividend Payout.NRR-UN.CA Dividend Payout, showing the Payout Ratio.NRR-UN.CA Dividend Payout.PayoutRetained Earnings

NORTHVIEW RESIDENTIAL REIT

TSX:NRR-UN (2/17/2026, 7:00:00 PM)

16.86

+0.21 (+1.26%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)11-05
Earnings (Next)N/A
Inst Owners5.24%
Inst Owner ChangeN/A
Ins Owners6.79%
Ins Owner ChangeN/A
Market Cap63.73M
Revenue(TTM)277.83M
Net Income(TTM)45.07M
Analysts50
Price Target18.02 (6.88%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 11.33%
Yearly Dividend1.38
Dividend Growth(5Y)N/A
DP87.52%
Div Incr Years1
Div Non Decr Years1
Ex-Date01-30
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-1.51%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 10.67
Fwd PE N/A
P/S 0.23
P/FCF 0.68
P/OCF 0.67
P/B 0.08
P/tB 0.08
EV/EBITDA 23.59
EPS(TTM)1.58
EY9.37%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)24.83
FCFY147.29%
OCF(TTM)25.14
OCFY149.1%
SpS73.5
BVpS214.39
TBVpS214.39
PEG (NY)N/A
PEG (5Y)N/A
Graham Number87.3
Profitability
Industry RankSector Rank
ROA 1.71%
ROE 5.56%
ROCE 2.83%
ROIC 2.04%
ROICexc 2.07%
ROICexgc 2.07%
OM 23.93%
PM (TTM) 16.22%
GM 71.68%
FCFM 33.79%
ROA(3y)3.34%
ROA(5y)2.73%
ROE(3y)11.26%
ROE(5y)9.37%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y62.01%
ROICexgc growth 5YN/A
ROICexc growth 3Y62.1%
ROICexc growth 5YN/A
OM growth 3Y89.02%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.04%
GM growth 5YN/A
F-Score7
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 1.7
Debt/FCF 16.92
Debt/EBITDA 20.17
Cap/Depr 62.82%
Cap/Sales 0.41%
Interest Coverage 0.92
Cash Conversion 139.08%
Profit Quality 208.29%
Current Ratio 0.34
Quick Ratio 0.34
Altman-Z 0.27
F-Score7
WACC3.83%
ROIC/WACC0.53
Cap/Depr(3y)11.98%
Cap/Depr(5y)9.3%
Cap/Sales(3y)0.16%
Cap/Sales(5y)0.14%
Profit Quality(3y)205.61%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)136.74%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%365.69%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.19%
Revenue growth 3Y12.84%
Revenue growth 5YN/A
Sales Q2Q%1.13%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y25.73%
EBIT growth 3Y113.29%
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y185.76%
FCF growth 3Y7.36%
FCF growth 5YN/A
OCF growth 1Y185.43%
OCF growth 3Y7.46%
OCF growth 5YN/A

NORTHVIEW RESIDENTIAL REIT / NRR-UN.CA FAQ

Can you provide the ChartMill fundamental rating for NORTHVIEW RESIDENTIAL REIT?

ChartMill assigns a fundamental rating of 3 / 10 to NRR-UN.CA.


What is the valuation status of NORTHVIEW RESIDENTIAL REIT (NRR-UN.CA) stock?

ChartMill assigns a valuation rating of 4 / 10 to NORTHVIEW RESIDENTIAL REIT (NRR-UN.CA). This can be considered as Fairly Valued.


What is the profitability of NRR-UN stock?

NORTHVIEW RESIDENTIAL REIT (NRR-UN.CA) has a profitability rating of 3 / 10.


Is the dividend of NORTHVIEW RESIDENTIAL REIT sustainable?

The dividend rating of NORTHVIEW RESIDENTIAL REIT (NRR-UN.CA) is 5 / 10 and the dividend payout ratio is 87.52%.