European Residential: Top 10 Undervalued REITs Industry Stocks (ERE-UN)
European Residential is now ranked among the top 10 undervalued stocks in the REITs industry on the Toronto Stock Exchange or TSX Venture Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
REITs: Self-administered real estate investment trusts engaged in the development, acquisition, management, and disposition of healthcare properties, including long-term-care facilities, acute-care and rehab hospitals, psychiatric facilities, and substance-abuse centers.
Stocks in this category are held primarily for capital appreciation.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| SGR-U | Slate Grocery | 9.22 | 14.79 | 5.57 (60.4%) | 2066 | 557.6 | 9.4 | 22.2 |
| MAR-UN | Marwest Apartment | 0.73 | 1.11 | 0.38 (52.7%) | 3530 | 6.3 | 2.1 | 1.3 |
| SRES | Sun Residential REIT | 0.05 | 0.07 | 0.02 (49.9%) | 181797 | 10.2 | 7.6 | 0.0 |
| FCA-U | Firm Capital Apartment | 2.26 | 3.30 | 1.04 (46.2%) | 23 | 17.2 | 0.0 | 0.0 |
| INO-UN | Inovalis REIT | 1.39 | 1.93 | 0.54 (38.5%) | 58653 | 45.3 | 28.1 | 0.0 |
| MRG-UN | Morguard North American | 15.31 | 19.88 | 4.57 (29.9%) | 25128 | 578.0 | 4.8 | 0.0 |
| ERE-UN | European Residential | 2.42 | 3.14 | 0.72 (29.8%) | 93867 | 563.8 | 7.3 | 0.0 |
| HOM-UN | BSR REIT | 15.81 | 19.90 | 4.09 (25.9%) | 32741 | 570.5 | 4.5 | 0.0 |
| FCA-UN | Firm Capital Apartment | 3.45 | 4.28 | 0.83 (24.0%) | 804 | 26.2 | 0.0 | 0.0 |
| BTB-UN | BTB REIT | 3.10 | 3.75 | 0.65 (21.1%) | 105640 | 269.7 | 9.7 | 7.3 |
All data provided as of February 02, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
European Residential
European Residential REIT is an unincorporated, open-ended real estate investment trust. The company is focused on multi-residential real estate investment trust, with a current initial focus on investing in multi-residential real estate properties in Europe. The REIT owns and operates a portfolio of multi-residential properties, including apartments and townhomes, as well as commercial properties in Europe.
European Residential is listed under ERE-UN on the Toronto Stock Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
