CT Real Estate Investment Trust

TSX:CRT.UN Stock Report

Market Cap: CA$3.6b

CT Real Estate Investment Trust Valuation

Is CRT.UN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CRT.UN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CRT.UN (CA$15.07) is trading below our estimate of fair value (CA$22.41)

Significantly Below Fair Value: CRT.UN is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for CRT.UN?

Key metric: As CRT.UN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CRT.UN. This is calculated by dividing CRT.UN's market cap by their current earnings.
What is CRT.UN's PE Ratio?
PE Ratio22.9x
EarningsCA$155.05m
Market CapCA$3.58b

Price to Earnings Ratio vs Peers

How does CRT.UN's PE Ratio compare to its peers?

The above table shows the PE ratio for CRT.UN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.7x
FCR.UN First Capital Real Estate Investment Trust
10.9xn/aCA$3.8b
CRR.UN Crombie Real Estate Investment Trust
24xn/aCA$2.6b
SRU.UN SmartCentres Real Estate Investment Trust
27.5xn/aCA$4.4b
REI.UN RioCan Real Estate Investment Trust
24.6x28.3%CA$5.7b
CRT.UN CT Real Estate Investment Trust
22.9xn/aCA$3.6b

Price-To-Earnings vs Peers: CRT.UN is expensive based on its Price-To-Earnings Ratio (22.9x) compared to the peer average (21.7x).


Price to Earnings Ratio vs Industry

How does CRT.UN's PE Ratio compare vs other companies in the North American Retail REITs Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CRT.UN 22.9xIndustry Avg. 28.3xNo. of Companies8PE01632486480+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CRT.UN is good value based on its Price-To-Earnings Ratio (22.9x) compared to the North American Retail REITs industry average (28.1x).


Price to Earnings Ratio vs Fair Ratio

What is CRT.UN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CRT.UN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CRT.UN's Price-To-Earnings Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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