SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) Stock Fundamental Analysis
Canada - TSX:SRU-UN - CA83179X1087 - REIT
26.64 CAD
+0.14 (+0.53%)
SRU-UN gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 38 industry peers in the Diversified REITs industry. While SRU-UN is still in line with the averages on profitability rating, there are concerns on its financial health. SRU-UN has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
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.
In the past 5 years SRU-UN always reported a positive cash flow from operatings.
1.2 Ratios
SRU-UN has a better Return On Assets (1.91%) than 73.68% of its industry peers.
With a decent Return On Equity value of 4.43%, SRU-UN is doing good in the industry, outperforming 68.42% of the companies in the same industry.
With a Return On Invested Capital value of 3.45%, SRU-UN is not doing good in the industry: 65.79% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for SRU-UN is below the industry average of 5.45%.
The 3 year average ROIC (3.14%) for SRU-UN is below the current ROIC(3.45%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.91% | ||
| ROE | 4.43% | ||
| ROIC | 3.45% |
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
Looking at the Profit Margin, with a value of 24.85%, SRU-UN is in the better half of the industry, outperforming 73.68% of the companies in the same industry.
In the last couple of years the Profit Margin of SRU-UN has declined.
The Operating Margin of SRU-UN (54.21%) is better than 63.16% of its industry peers.
SRU-UN's Operating Margin has been stable in the last couple of years.
SRU-UN has a Gross Margin (60.65%) which is in line with its industry peers.
SRU-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 54.21% | ||
| PM (TTM) | 24.85% | ||
| GM | 60.65% |
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
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.
The number of shares outstanding for SRU-UN has been increased compared to 5 years ago.
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 0.69. This is a bad value and indicates that SRU-UN is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 0.69, SRU-UN is doing good in the industry, outperforming 65.79% of the companies in the same industry.
The Debt to FCF ratio of SRU-UN is 13.31, which is on the high side as it means it would take SRU-UN, 13.31 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 13.31, SRU-UN is in the better half of the industry, outperforming 76.32% of the companies in the same industry.
A Debt/Equity ratio of 0.80 indicates that SRU-UN is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.80, SRU-UN is in the better half of the industry, outperforming 76.32% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | 13.31 | ||
| Altman-Z | 0.69 |
ROIC/WACC0.68
WACC5.1%
2.3 Liquidity
A Current Ratio of 0.29 indicates that SRU-UN may have some problems paying its short term obligations.
SRU-UN has a Current ratio (0.29) which is in line with its industry peers.
A Quick Ratio of 0.27 indicates that SRU-UN may have some problems paying its short term obligations.
With a decent Quick ratio value of 0.27, SRU-UN is doing good in the industry, outperforming 60.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.29 | ||
| Quick Ratio | 0.27 |
3. Growth
3.1 Past
The earnings per share for SRU-UN have decreased strongly by -16.30% in the last year.
Measured over the past years, SRU-UN shows a decrease in Earnings Per Share. The EPS has been decreasing by -6.47% on average per year.
SRU-UN shows a small growth in Revenue. In the last year, the Revenue has grown by 7.40%.
Measured over the past years, SRU-UN shows a small growth in Revenue. The Revenue has been growing by 2.63% on average per year.
EPS 1Y (TTM)-16.3%
EPS 3Y-34.98%
EPS 5Y-6.47%
EPS Q2Q%-15.98%
Revenue 1Y (TTM)7.4%
Revenue growth 3Y5.56%
Revenue growth 5Y2.63%
Sales Q2Q%-2.27%
3.2 Future
SRU-UN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.94% yearly.
The Revenue is expected to grow by 3.89% on average over the next years.
EPS Next Y-28.03%
EPS Next 2Y-3.32%
EPS Next 3Y-0.94%
EPS Next 5YN/A
Revenue Next Year4.25%
Revenue Next 2Y3.31%
Revenue Next 3Y3.89%
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. Valuation
4.1 Price/Earnings Ratio
SRU-UN is valuated correctly with a Price/Earnings ratio of 12.33.
Based on the Price/Earnings ratio, SRU-UN is valued cheaper than 89.47% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 25.67. SRU-UN is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 13.19, SRU-UN is valued correctly.
65.79% of the companies in the same industry are more expensive than SRU-UN, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 31.86, SRU-UN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.33 | ||
| Fwd PE | 13.19 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SRU-UN indicates a somewhat cheap valuation: SRU-UN is cheaper than 76.32% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SRU-UN is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.98 | ||
| EV/EBITDA | 17.8 |
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-3.32%
EPS Next 3Y-0.94%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.12%, SRU-UN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.95, SRU-UN has a dividend in line with its industry peers.
SRU-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| 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 paid a dividend for at least 10 years, which is a reliable track record.
SRU-UN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.39%
Div Incr Years1
Div Non Decr Years22
5.3 Sustainability
116.32% 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.
DP116.32%
EPS Next 2Y-3.32%
EPS Next 3Y-0.94%
TSX:SRU-UN (11/6/2025, 7:00:00 PM)
26.64
+0.14 (+0.53%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners15.73%
Inst Owner ChangeN/A
Ins Owners11.11%
Ins Owner ChangeN/A
Market Cap3.85B
Revenue(TTM)926.12M
Net Income(TTM)230.13M
Analysts70
Price Target28.43 (6.72%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.12% |
Yearly Dividend1.57
Dividend Growth(5Y)6.39%
DP116.32%
Div Incr Years1
Div Non Decr Years22
Ex-Date
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)1.24%
PT rev (3m)2.63%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-21.03%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.33 | ||
| Fwd PE | 13.19 | ||
| P/S | 4.16 | ||
| P/FCF | 9.98 | ||
| P/OCF | 9.97 | ||
| P/B | 0.74 | ||
| P/tB | 0.75 | ||
| EV/EBITDA | 17.8 |
EPS(TTM)2.16
EY8.11%
EPS(NY)2.02
Fwd EY7.58%
FCF(TTM)2.67
FCFY10.02%
OCF(TTM)2.67
OCFY10.03%
SpS6.4
BVpS35.87
TBVpS35.59
PEG (NY)N/A
PEG (5Y)N/A
Graham Number41.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.91% | ||
| ROE | 4.43% | ||
| ROCE | 4.8% | ||
| ROIC | 3.45% | ||
| ROICexc | 3.46% | ||
| ROICexgc | 3.48% | ||
| OM | 54.21% | ||
| PM (TTM) | 24.85% | ||
| GM | 60.65% | ||
| FCFM | 41.69% |
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 | 0.8 | ||
| Debt/FCF | 13.31 | ||
| Debt/EBITDA | 8.24 | ||
| Cap/Depr | 45.08% | ||
| Cap/Sales | 0.06% | ||
| Interest Coverage | 3.31 | ||
| Cash Conversion | 76.82% | ||
| Profit Quality | 167.77% | ||
| Current Ratio | 0.29 | ||
| Quick Ratio | 0.27 | ||
| Altman-Z | 0.69 |
F-Score7
WACC5.1%
ROIC/WACC0.68
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)-16.3%
EPS 3Y-34.98%
EPS 5Y-6.47%
EPS Q2Q%-15.98%
EPS Next Y-28.03%
EPS Next 2Y-3.32%
EPS Next 3Y-0.94%
EPS Next 5YN/A
Revenue 1Y (TTM)7.4%
Revenue growth 3Y5.56%
Revenue growth 5Y2.63%
Sales Q2Q%-2.27%
Revenue Next Year4.25%
Revenue Next 2Y3.31%
Revenue Next 3Y3.89%
Revenue Next 5YN/A
EBIT growth 1Y7.22%
EBIT growth 3Y3.11%
EBIT growth 5Y1.27%
EBIT Next Year15%
EBIT Next 3Y7.31%
EBIT Next 5YN/A
FCF growth 1Y5.69%
FCF growth 3Y0.21%
FCF growth 5Y1.65%
OCF growth 1Y5.3%
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 4 / 10 to SRU-UN.CA.
What is the valuation status for SRU-UN 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.
What is the expected EPS growth for SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) stock?
The Earnings per Share (EPS) of SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) is expected to decline by -28.03% in the next year.
Can you provide the dividend sustainability for SRU-UN stock?
The dividend rating of SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) is 6 / 10 and the dividend payout ratio is 116.32%.