SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) Fundamental Analysis & Valuation
TSX:SRU-UN • CA83179X1087
Current stock price
28.38 CAD
+0.17 (+0.6%)
Last:
This SRU-UN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. SRU-UN.CA Profitability Analysis
1.1 Basic Checks
- In the past year SRU-UN was profitable.
- SRU-UN had a positive operating cash flow in the past year.
- In the past 5 years SRU-UN has always been profitable.
- Each year in the past 5 years SRU-UN had a positive operating cash flow.
1.2 Ratios
- With a decent Return On Assets value of 2.07%, SRU-UN is doing good in the industry, outperforming 70.59% of the companies in the same industry.
- With a decent Return On Equity value of 4.82%, SRU-UN is doing good in the industry, outperforming 64.71% of the companies in the same industry.
- The Return On Invested Capital of SRU-UN (3.33%) is worse than 73.53% of its industry peers.
- SRU-UN had an Average Return On Invested Capital over the past 3 years of 3.26%. This is below the industry average of 6.97%.
- The last Return On Invested Capital (3.33%) for SRU-UN is above the 3 year average (3.26%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.07% | ||
| ROE | 4.82% | ||
| ROIC | 3.33% |
ROA(3y)2.51%
ROA(5y)3.85%
ROE(3y)5.73%
ROE(5y)8.84%
ROIC(3y)3.26%
ROIC(5y)3.17%
1.3 Margins
- SRU-UN has a Profit Margin of 27.55%. This is in the better half of the industry: SRU-UN outperforms 67.65% of its industry peers.
- SRU-UN's Profit Margin has improved in the last couple of years.
- SRU-UN has a Operating Margin (54.84%) which is in line with its industry peers.
- SRU-UN's Operating Margin has been stable in the last couple of years.
- SRU-UN has a Gross Margin (61.61%) which is in line with its industry peers.
- In the last couple of years the Gross Margin of SRU-UN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 54.84% | ||
| PM (TTM) | 27.55% | ||
| GM | 61.61% |
OM growth 3Y-0.79%
OM growth 5Y0.64%
PM growth 3Y-24.54%
PM growth 5Y23.38%
GM growth 3Y-0.46%
GM growth 5Y0.88%
2. SRU-UN.CA Health Analysis
2.1 Basic Checks
- SRU-UN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- The number of shares outstanding for SRU-UN remains at a similar level compared to 1 year ago.
- Compared to 5 years ago, SRU-UN has more shares outstanding
- SRU-UN has a worse debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 0.72, we must say that SRU-UN is in the distress zone and has some risk of bankruptcy.
- SRU-UN has a Altman-Z score of 0.72. This is in the better half of the industry: SRU-UN outperforms 64.71% of its industry peers.
- The Debt to FCF ratio of SRU-UN is 13.87, which is on the high side as it means it would take SRU-UN, 13.87 years of fcf income to pay off all of its debts.
- SRU-UN's Debt to FCF ratio of 13.87 is fine compared to the rest of the industry. SRU-UN outperforms 64.71% of its industry peers.
- A Debt/Equity ratio of 0.85 indicates that SRU-UN is somewhat dependend on debt financing.
- SRU-UN has a better Debt to Equity ratio (0.85) than 76.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | 13.87 | ||
| Altman-Z | 0.72 |
ROIC/WACC0.63
WACC5.25%
2.3 Liquidity
- SRU-UN has a Current Ratio of 0.26. This is a bad value and indicates that SRU-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
- The Current ratio of SRU-UN (0.26) is comparable to the rest of the industry.
- SRU-UN has a Quick Ratio of 0.26. This is a bad value and indicates that SRU-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
- SRU-UN has a Quick ratio (0.24) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.26 | ||
| Quick Ratio | 0.24 |
3. SRU-UN.CA Growth Analysis
3.1 Past
- SRU-UN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.36%.
- SRU-UN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.47% yearly.
- The Revenue has decreased by -0.48% in the past year.
- The Revenue has been growing slightly by 2.63% on average over the past years.
EPS 1Y (TTM)5.36%
EPS 3Y-34.98%
EPS 5Y-6.47%
EPS Q2Q%-7.46%
Revenue 1Y (TTM)-0.48%
Revenue growth 3Y5.56%
Revenue growth 5Y2.63%
Sales Q2Q%-2.91%
3.2 Future
- Based on estimates for the next years, SRU-UN will show a decrease in Earnings Per Share. The EPS will decrease by -0.94% on average per year.
- Based on estimates for the next years, SRU-UN will show a small growth in Revenue. The Revenue will grow by 3.55% on average per year.
EPS Next Y-30.83%
EPS Next 2Y-3.81%
EPS Next 3Y-0.94%
EPS Next 5YN/A
Revenue Next Year4.49%
Revenue Next 2Y4.07%
Revenue Next 3Y3.55%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. SRU-UN.CA Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 13.14 indicates a correct valuation of SRU-UN.
- Based on the Price/Earnings ratio, SRU-UN is valued cheaply inside the industry as 82.35% of the companies are valued more expensively.
- The average S&P500 Price/Earnings ratio is at 26.64. SRU-UN is valued rather cheaply when compared to this.
- SRU-UN is valuated correctly with a Price/Forward Earnings ratio of 14.19.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of SRU-UN indicates a somewhat cheap valuation: SRU-UN is cheaper than 64.71% of the companies listed in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 21.36. SRU-UN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.14 | ||
| Fwd PE | 14.19 |
4.2 Price Multiples
- SRU-UN's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SRU-UN is cheaper than 73.53% of the companies in the same industry.
- SRU-UN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SRU-UN is cheaper than 61.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.94 | ||
| EV/EBITDA | 18.39 |
4.3 Compensation for Growth
- SRU-UN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-3.81%
EPS Next 3Y-0.94%
5. SRU-UN.CA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 7.12%, SRU-UN is a good candidate for dividend investing.
- SRU-UN's Dividend Yield is a higher than the industry average which is at 6.49.
- Compared to an average S&P500 Dividend Yield of 1.82, SRU-UN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.12% |
5.2 History
- The dividend of SRU-UN has a limited annual growth rate of 0.48%.
- SRU-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)0.48%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 106.30% of the earnings are spent on dividend by SRU-UN. This is not a sustainable payout ratio.
- SRU-UN's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP106.3%
EPS Next 2Y-3.81%
EPS Next 3Y-0.94%
SRU-UN.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:SRU-UN (5/1/2026, 7:00:00 PM)
28.38
+0.17 (+0.6%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Industry Strength55.91
Industry Growth72.39
Earnings (Last)02-11 2026-02-11/amc
Earnings (Next)05-06 2026-05-06
Inst Owners18.17%
Inst Owner ChangeN/A
Ins Owners11.11%
Ins Owner ChangeN/A
Market Cap4.11B
Revenue(TTM)913.91M
Net Income(TTM)251.81M
Analysts70
Price Target28.96 (2.04%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.12% |
Yearly Dividend1.57
Dividend Growth(5Y)0.48%
DP106.3%
Div Incr Years0
Div Non Decr Years0
Ex-Date04-30 2026-04-30 (0.15417)
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)0.89%
PT rev (3m)2.02%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.1%
Revenue NY rev (3m)1.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.14 | ||
| Fwd PE | 14.19 | ||
| P/S | 4.49 | ||
| P/FCF | 10.94 | ||
| P/OCF | 10.88 | ||
| P/B | 0.79 | ||
| P/tB | 0.79 | ||
| EV/EBITDA | 18.39 |
EPS(TTM)2.16
EY7.61%
EPS(NY)2
Fwd EY7.05%
FCF(TTM)2.59
FCFY9.14%
OCF(TTM)2.61
OCFY9.19%
SpS6.32
BVpS36.12
TBVpS35.85
PEG (NY)N/A
PEG (5Y)N/A
Graham Number41.9002 (47.64%)
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.07% | ||
| ROE | 4.82% | ||
| ROCE | 4.63% | ||
| ROIC | 3.33% | ||
| ROICexc | 3.35% | ||
| ROICexgc | 3.36% | ||
| OM | 54.84% | ||
| PM (TTM) | 27.55% | ||
| GM | 61.61% | ||
| FCFM | 41.09% |
ROA(3y)2.51%
ROA(5y)3.85%
ROE(3y)5.73%
ROE(5y)8.84%
ROIC(3y)3.26%
ROIC(5y)3.17%
ROICexc(3y)3.28%
ROICexc(5y)3.19%
ROICexgc(3y)3.29%
ROICexgc(5y)3.2%
ROCE(3y)4.53%
ROCE(5y)4.41%
ROICexgc growth 3Y4.04%
ROICexgc growth 5Y-0.24%
ROICexc growth 3Y4.05%
ROICexc growth 5Y-0.21%
OM growth 3Y-0.79%
OM growth 5Y0.64%
PM growth 3Y-24.54%
PM growth 5Y23.38%
GM growth 3Y-0.46%
GM growth 5Y0.88%
F-Score6
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | 13.87 | ||
| Debt/EBITDA | 8.86 | ||
| Cap/Depr | 147% | ||
| Cap/Sales | 0.21% | ||
| Interest Coverage | 3.19 | ||
| Cash Conversion | 75.11% | ||
| Profit Quality | 149.11% | ||
| Current Ratio | 0.26 | ||
| Quick Ratio | 0.24 | ||
| Altman-Z | 0.72 |
F-Score6
WACC5.25%
ROIC/WACC0.63
Cap/Depr(3y)110.43%
Cap/Depr(5y)95.36%
Cap/Sales(3y)0.17%
Cap/Sales(5y)0.15%
Profit Quality(3y)128.82%
Profit Quality(5y)100.57%
High Growth Momentum
Growth
EPS 1Y (TTM)5.36%
EPS 3Y-34.98%
EPS 5Y-6.47%
EPS Q2Q%-7.46%
EPS Next Y-30.83%
EPS Next 2Y-3.81%
EPS Next 3Y-0.94%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.48%
Revenue growth 3Y5.56%
Revenue growth 5Y2.63%
Sales Q2Q%-2.91%
Revenue Next Year4.49%
Revenue Next 2Y4.07%
Revenue Next 3Y3.55%
Revenue Next 5YN/A
EBIT growth 1Y2.24%
EBIT growth 3Y3.51%
EBIT growth 5Y3.84%
EBIT Next Year16.83%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y0.49%
FCF growth 3Y0.57%
FCF growth 5Y4.87%
OCF growth 1Y0.86%
OCF growth 3Y0.6%
OCF growth 5Y4.98%
SMARTCENTRES REAL ESTATE INV / SRU-UN.CA Fundamental Analysis FAQ
What is the ChartMill fundamental rating of SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) stock?
ChartMill assigns a fundamental rating of 4 / 10 to SRU-UN.CA.
What is the valuation status of SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) stock?
ChartMill assigns a valuation rating of 5 / 10 to SMARTCENTRES REAL ESTATE INV (SRU-UN.CA). This can be considered as Fairly Valued.
What is the profitability of SRU-UN stock?
SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) has a profitability rating of 6 / 10.
What is the financial health of SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) stock?
The financial health rating of SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) is 3 / 10.
What is the earnings growth outlook for SMARTCENTRES REAL ESTATE INV?
The Earnings per Share (EPS) of SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) is expected to decline by -30.83% in the next year.