Company Valuation: Canadian Net Real Estate Investment Trust

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 162.3 127.7 99.56 102.2 116.4 140.1 -
Change - -21.33% -22.02% 2.64% 13.88% 20.35% -
Enterprise Value (EV) 162.3 127.7 99.56 102.2 116.4 140.1 140.1
Change - -21.33% -22.02% 2.64% 13.88% 20.35% 0%
P/E - - - - - - -
PBR - - - - - - -
PEG - - - - - - -
Capitalization / Revenue 8,562,522x 5,162,960x 3,749,953x 3,911,690x - - -
EV / Revenue - - - - - - -
EV / EBITDA 0x 0x 0x 0x 0x 7.7x 7.61x
EV / EBIT - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Dividend per Share 2 0.3 0.34 0.345 0.345 0.348 0.36 0.3605
Rate of return 3.73% 5.48% 7.11% 6.94% 6.16% 5.3% 5.31%
EPS 2 - - - - - - -
Distribution rate - - - - - - -
Net sales 18.95 24.73 26.55 26.12 - - -
EBITDA 1 17.83 18.69 19.76 18.52 19.8 18.2 18.4
EBIT - - - - - - -
Net income - - - - - - -
Net Debt - - - - - - -
Reference price 2 8.040 6.200 4.850 4.970 5.650 6.790 6.790
Nbr of stocks (in thousands) 20,185 20,593 20,529 20,561 20,598 20,628 -
Announcement Date 3/23/22 3/22/23 3/20/24 3/18/25 3/17/26 - -
1CAD in Million2CAD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - 5.3% 101M
39.58x15.8x16.06x5.27% 58.56B
9.42x12.54x15.37x5.3% 17.3B
16.66x23.3x28.11x3.46% 17.28B
20.33x17.11x25.48x4.87% 15.29B
10.6x13.97x16.62x5.02% 12.99B
9.66x21.68x29.31x2.91% 10.41B
28.26x11.1x17.42x3.9% 10.18B
15.99x12.21x18.99x6.02% 9.8B
26.92x7.23x11.58x5.96% 8.42B
Average 19.71x 14.99x 19.88x 4.8% 16.03B
Weighted average by Cap. 24.89x 15.65x 19.12x 4.86%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Canadian Net Real Estate Investment Trust