SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) Fundamental Analysis & Valuation
TSX:SRU-UN • CA83179X1087
26.78 CAD
-0.41 (-1.51%)
Last: Mar 9, 2026, 07:00 PM
This SRU-UN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall SRU-UN gets a fundamental rating of 4 out of 10. We evaluated SRU-UN against 33 industry peers in the Diversified REITs industry. SRU-UN has a medium profitability rating, but doesn't score so well on its financial health evaluation. SRU-UN has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. SRU-UN.CA Profitability Analysis
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.
- 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
- SRU-UN's Return On Assets of 2.07% is fine compared to the rest of the industry. SRU-UN outperforms 69.70% of its industry peers.
- Looking at the Return On Equity, with a value of 4.82%, SRU-UN is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
- SRU-UN has a Return On Invested Capital of 3.33%. This is in the lower half of the industry: SRU-UN underperforms 72.73% 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 5.71%.
- 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
- Looking at the Profit Margin, with a value of 27.55%, SRU-UN is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
- SRU-UN's Profit Margin has improved in the last couple of years.
- Looking at the Operating Margin, with a value of 54.84%, SRU-UN is in line with its industry, outperforming 57.58% of the companies in the same industry.
- 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 61.61%, SRU-UN is in line with its industry, outperforming 48.48% of the companies in the same industry.
- 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
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SRU-UN is destroying value.
- Compared to 1 year ago, SRU-UN has about the same amount of shares outstanding.
- The number of shares outstanding for SRU-UN has been increased compared to 5 years ago.
- The debt/assets ratio for SRU-UN is higher compared to a year ago.
2.2 Solvency
- SRU-UN has an Altman-Z score of 0.70. This is a bad value and indicates that SRU-UN is not financially healthy and even has some risk of bankruptcy.
- SRU-UN's Altman-Z score of 0.70 is fine compared to the rest of the industry. SRU-UN outperforms 66.67% of its industry peers.
- SRU-UN has a debt to FCF ratio of 13.87. This is a negative value and a sign of low solvency as SRU-UN would need 13.87 years to pay back of all of its debts.
- With a decent Debt to FCF ratio value of 13.87, SRU-UN is doing good in the industry, outperforming 63.64% of the companies in the same industry.
- SRU-UN has a Debt/Equity ratio of 0.85. This is a neutral value indicating SRU-UN is somewhat dependend on debt financing.
- With a decent Debt to Equity ratio value of 0.85, SRU-UN is doing good in the industry, outperforming 75.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | 13.87 | ||
| Altman-Z | 0.7 |
ROIC/WACC0.65
WACC5.09%
2.3 Liquidity
- A Current Ratio of 0.26 indicates that SRU-UN may have some problems paying its short term obligations.
- With a Current ratio value of 0.26, SRU-UN perfoms like the industry average, outperforming 54.55% of the companies in the same 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 in line with its industry peers.
| 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%.
- 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.
- Looking at the last year, SRU-UN shows a decrease in Revenue. The Revenue has decreased by -0.48% in the last 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
- SRU-UN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.94% yearly.
- SRU-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.59% 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 2Y4.12%
Revenue Next 3Y3.59%
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. SRU-UN.CA Valuation Analysis
4.1 Price/Earnings Ratio
- SRU-UN is valuated correctly with a Price/Earnings ratio of 12.40.
- SRU-UN's Price/Earnings ratio is a bit cheaper when compared to the industry. SRU-UN is cheaper than 72.73% of the companies in the same industry.
- SRU-UN is valuated cheaply when we compare the Price/Earnings ratio to 26.46, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 13.39, the valuation of SRU-UN can be described as correct.
- The rest of the industry has a similar Price/Forward Earnings ratio as SRU-UN.
- SRU-UN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.65, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.4 | ||
| Fwd PE | 13.39 |
4.2 Price Multiples
- 69.70% 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 60.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.32 | ||
| EV/EBITDA | 18.09 |
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. SRU-UN.CA Dividend Analysis
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 7.14.
- SRU-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| 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 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)0.48%
Div Incr Years1
Div Non Decr Years22
5.3 Sustainability
- SRU-UN pays out 106.30% 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.
DP106.3%
EPS Next 2Y-3.81%
EPS Next 3Y-0.94%
SRU-UN.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:SRU-UN (3/9/2026, 7:00:00 PM)
26.78
-0.41 (-1.51%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-11 2026-02-11/amc
Earnings (Next)05-05 2026-05-05
Inst Owners17.33%
Inst Owner ChangeN/A
Ins Owners11.11%
Ins Owner ChangeN/A
Market Cap3.88B
Revenue(TTM)913.91M
Net Income(TTM)251.81M
Analysts70
Price Target28.7 (7.17%)
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 Years1
Div Non Decr Years22
Ex-Date02-27 2026-02-27 (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)0.67%
PT rev (3m)1.12%
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)1.71%
Revenue NY rev (3m)1.71%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.4 | ||
| Fwd PE | 13.39 | ||
| P/S | 4.24 | ||
| P/FCF | 10.32 | ||
| P/OCF | 10.27 | ||
| P/B | 0.74 | ||
| P/tB | 0.75 | ||
| EV/EBITDA | 18.09 |
EPS(TTM)2.16
EY8.07%
EPS(NY)2
Fwd EY7.47%
FCF(TTM)2.59
FCFY9.69%
OCF(TTM)2.61
OCFY9.74%
SpS6.32
BVpS36.12
TBVpS35.85
PEG (NY)N/A
PEG (5Y)N/A
Graham Number41.9
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 | 0.7 |
F-Score6
WACC5.09%
ROIC/WACC0.65
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 2Y4.12%
Revenue Next 3Y3.59%
Revenue Next 5YN/A
EBIT growth 1Y2.24%
EBIT growth 3Y3.51%
EBIT growth 5Y3.84%
EBIT Next Year17%
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 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.
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 106.3%.