SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:SRU-UN - CA83179X1087 - REIT
27.49 CAD
+0.28 (+1.03%)
Overall SRU-UN gets a fundamental rating of 5 out of 10. We evaluated SRU-UN against 37 industry peers in the Diversified REITs industry. There are concerns on the financial health of SRU-UN while its profitability can be described as average. SRU-UN is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- SRU-UN had positive earnings in the past year.
- SRU-UN had a positive operating cash flow in the past year.
- Each year in the past 5 years SRU-UN has been profitable.
- In the past 5 years SRU-UN always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of 2.16%, SRU-UN is in the better half of the industry, outperforming 64.86% of the companies in the same industry.
- SRU-UN has a Return On Equity (5.04%) which is comparable to the rest of the industry.
- SRU-UN has a Return On Invested Capital (3.62%) which is in line with its industry peers.
- The Average Return On Invested Capital over the past 3 years for SRU-UN is below the industry average of 5.57%.
- The 3 year average ROIC (3.14%) for SRU-UN is below the current ROIC(3.62%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.16% | ||
| ROE | 5.04% | ||
| ROIC | 3.62% |
ROA(3y)3.29%
ROA(5y)3.58%
ROE(3y)7.48%
ROE(5y)8.23%
ROIC(3y)3.14%
ROIC(5y)3.13%
1.3 Margins
- SRU-UN's Profit Margin of 28.74% is fine compared to the rest of the industry. SRU-UN outperforms 67.57% of its industry peers.
- In the last couple of years the Profit Margin of SRU-UN has declined.
- The Operating Margin of SRU-UN (55.11%) is better than 62.16% of its industry peers.
- In the last couple of years the Operating Margin of SRU-UN has remained more or less at the same level.
- Looking at the Gross Margin, with a value of 61.69%, SRU-UN is in line with its industry, outperforming 54.05% of the companies in the same industry.
- SRU-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 55.11% | ||
| PM (TTM) | 28.74% | ||
| GM | 61.69% |
OM growth 3Y-2.32%
OM growth 5Y-1.33%
PM growth 3Y-37.59%
PM growth 5Y-7.92%
GM growth 3Y-1.41%
GM growth 5Y-0.98%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SRU-UN 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
- Compared to 1 year ago, SRU-UN has a worse debt to assets ratio.
2.2 Solvency
- SRU-UN has an Altman-Z score of 0.64. This is a bad value and indicates that SRU-UN is not financially healthy and even has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 0.64, SRU-UN is in the better half of the industry, outperforming 62.16% of the companies in the same industry.
- The Debt to FCF ratio of SRU-UN is 13.94, which is on the high side as it means it would take SRU-UN, 13.94 years of fcf income to pay off all of its debts.
- SRU-UN has a better Debt to FCF ratio (13.94) than 75.68% of its industry peers.
- A Debt/Equity ratio of 0.70 indicates that SRU-UN is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.70, SRU-UN belongs to the top of the industry, outperforming 81.08% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 13.94 | ||
| Altman-Z | 0.64 |
ROIC/WACC0.69
WACC5.23%
2.3 Liquidity
- SRU-UN has a Current Ratio of 0.22. 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 Current ratio (0.22) which is in line with its industry peers.
- A Quick Ratio of 0.21 indicates that SRU-UN may have some problems paying its short term obligations.
- SRU-UN has a Quick ratio (0.21) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.22 | ||
| Quick Ratio | 0.21 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 95.26% over the past year.
- SRU-UN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.47% yearly.
- SRU-UN shows a small growth in Revenue. In the last year, the Revenue has grown by 1.09%.
- SRU-UN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.63% yearly.
EPS 1Y (TTM)95.26%
EPS 3Y-34.98%
EPS 5Y-6.47%
EPS Q2Q%10.38%
Revenue 1Y (TTM)1.09%
Revenue growth 3Y5.56%
Revenue growth 5Y2.63%
Sales Q2Q%-7.6%
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.
- SRU-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.12% yearly.
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 2Y3.25%
Revenue Next 3Y3.12%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 12.73, SRU-UN is valued correctly.
- Based on the Price/Earnings ratio, SRU-UN is valued cheaper than 81.08% of the companies in the same industry.
- SRU-UN is valuated cheaply when we compare the Price/Earnings ratio to 27.38, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 13.75, SRU-UN is valued correctly.
- Based on the Price/Forward Earnings ratio, SRU-UN is valued a bit cheaper than the industry average as 67.57% of the companies are valued more expensively.
- SRU-UN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.73 | ||
| Fwd PE | 13.75 |
4.2 Price Multiples
- 72.97% of the companies in the same industry are more expensive than SRU-UN, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, SRU-UN is valued a bit cheaper than the industry average as 62.16% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.7 | ||
| EV/EBITDA | 18.18 |
4.3 Compensation for Growth
- The decent profitability rating of SRU-UN 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. Dividend
5.1 Amount
- SRU-UN has a Yearly Dividend Yield of 7.12%, which is a nice return.
- SRU-UN's Dividend Yield is comparable with the industry average which is at 7.04.
- SRU-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.85.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.12% |
5.2 History
- On average, the dividend of SRU-UN grows each year by 6.39%, which is quite nice.
- SRU-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
- SRU-UN has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)6.39%
Div Incr Years1
Div Non Decr Years22
5.3 Sustainability
- SRU-UN pays out 102.30% of its income as dividend. 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.
DP102.3%
EPS Next 2Y-3.81%
EPS Next 3Y-0.94%
TSX:SRU-UN (1/16/2026, 7:00:00 PM)
27.49
+0.28 (+1.03%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-12 2025-11-12/amc
Earnings (Next)02-11 2026-02-11/amc
Inst Owners16.18%
Inst Owner ChangeN/A
Ins Owners11.11%
Ins Owner ChangeN/A
Market Cap3.98B
Revenue(TTM)909.49M
Net Income(TTM)261.39M
Analysts70
Price Target28.38 (3.24%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.12% |
Yearly Dividend1.57
Dividend Growth(5Y)6.39%
DP102.3%
Div Incr Years1
Div Non Decr Years22
Ex-Date01-30 2026-01-30 (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%
PT rev (3m)1.07%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-3.9%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.73 | ||
| Fwd PE | 13.75 | ||
| P/S | 4.37 | ||
| P/FCF | 10.7 | ||
| P/OCF | 10.68 | ||
| P/B | 0.77 | ||
| P/tB | 0.77 | ||
| EV/EBITDA | 18.18 |
EPS(TTM)2.16
EY7.86%
EPS(NY)2
Fwd EY7.27%
FCF(TTM)2.57
FCFY9.35%
OCF(TTM)2.57
OCFY9.36%
SpS6.29
BVpS35.86
TBVpS35.58
PEG (NY)N/A
PEG (5Y)N/A
Graham Number41.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.16% | ||
| ROE | 5.04% | ||
| ROCE | 5.02% | ||
| ROIC | 3.62% | ||
| ROICexc | 3.63% | ||
| ROICexgc | 3.64% | ||
| OM | 55.11% | ||
| PM (TTM) | 28.74% | ||
| GM | 61.69% | ||
| FCFM | 40.88% |
ROA(3y)3.29%
ROA(5y)3.58%
ROE(3y)7.48%
ROE(5y)8.23%
ROIC(3y)3.14%
ROIC(5y)3.13%
ROICexc(3y)3.15%
ROICexc(5y)3.19%
ROICexgc(3y)3.16%
ROICexgc(5y)3.21%
ROCE(3y)4.36%
ROCE(5y)4.34%
ROICexgc growth 3Y2.83%
ROICexgc growth 5Y-0.45%
ROICexc growth 3Y2.84%
ROICexc growth 5Y-0.42%
OM growth 3Y-2.32%
OM growth 5Y-1.33%
PM growth 3Y-37.59%
PM growth 5Y-7.92%
GM growth 3Y-1.41%
GM growth 5Y-0.98%
F-Score7
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 13.94 | ||
| Debt/EBITDA | 7.27 | ||
| Cap/Depr | 39.59% | ||
| Cap/Sales | 0.06% | ||
| Interest Coverage | 3.15 | ||
| Cash Conversion | 74.09% | ||
| Profit Quality | 142.23% | ||
| Current Ratio | 0.22 | ||
| Quick Ratio | 0.21 | ||
| Altman-Z | 0.64 |
F-Score7
WACC5.23%
ROIC/WACC0.69
Cap/Depr(3y)101.2%
Cap/Depr(5y)65.96%
Cap/Sales(3y)0.16%
Cap/Sales(5y)0.11%
Profit Quality(3y)102.96%
Profit Quality(5y)149.36%
High Growth Momentum
Growth
EPS 1Y (TTM)95.26%
EPS 3Y-34.98%
EPS 5Y-6.47%
EPS Q2Q%10.38%
EPS Next Y-30.83%
EPS Next 2Y-3.81%
EPS Next 3Y-0.94%
EPS Next 5YN/A
Revenue 1Y (TTM)1.09%
Revenue growth 3Y5.56%
Revenue growth 5Y2.63%
Sales Q2Q%-7.6%
Revenue Next Year4.49%
Revenue Next 2Y3.25%
Revenue Next 3Y3.12%
Revenue Next 5YN/A
EBIT growth 1Y4.89%
EBIT growth 3Y3.11%
EBIT growth 5Y1.27%
EBIT Next Year15.43%
EBIT Next 3Y7.68%
EBIT Next 5YN/A
FCF growth 1Y2.83%
FCF growth 3Y0.21%
FCF growth 5Y1.65%
OCF growth 1Y2.26%
OCF growth 3Y0.23%
OCF growth 5Y1.6%
SMARTCENTRES REAL ESTATE INV / SRU-UN.CA FAQ
What is the ChartMill fundamental rating of SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) stock?
ChartMill assigns a fundamental rating of 5 / 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.
Can you provide the profitability details for SMARTCENTRES REAL ESTATE INV?
SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) has a profitability rating of 6 / 10.
Can you provide the financial health for SRU-UN stock?
The financial health rating of SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) is 3 / 10.
How sustainable is the dividend of SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) stock?
The dividend rating of SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) is 6 / 10 and the dividend payout ratio is 102.3%.