Northview Residential REIT Valuation

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

NRR.UN (CA$15.16) is trading below our estimate of [[fair value]] (CA$27.92)

Is NRR.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-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: NRR.UN (CA$15.16) is trading below our estimate of fair value (CA$27.92)

Significantly Below Fair Value: NRR.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 NRR.UN?

Key metric: As NRR.UN is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for NRR.UN. This is calculated by dividing NRR.UN's market cap by their current book value.
What is NRR.UN's PB Ratio?
PB Ratio	n/a
Book	CA$0
Market Cap	CA$54.92m

NRR.UN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does NRR.UN's PB Ratio compare to its peers?

The above table shows the PB ratio for NRR.UN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	0.5x
FCA.UN Firm Capital Apartment Real Estate Investment Trust	0.6x	n/a	CA$38.7m
DRR.UN Dream Residential Real Estate Investment Trust	0.5x	n/a	CA$191.9m
SRES Sun Residential Real Estate Investment Trust	0.4x	n/a	CA$9.2m
ERE.UN European Residential Real Estate Investment Trust	0.5x	n/a	CA$843.3m
NRR.UN Northview Residential REIT	n/a	n/a	CA$54.9m

Price-To-Book vs Peers: Insufficient data to calculate NRR.UN's Price-To-Book Ratio vs. peers for valuation analysis.

Price to Book Ratio vs Industry

How does NRR.UN's PB Ratio compare vs other companies in the North American Residential REITs Industry?

0 Companies	Price / Book	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: Insufficient data to calculate NRR.UN's Price-To-Book Ratio vs. industry for valuation analysis.

Price to Book Ratio vs Fair Ratio

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

NRR.UN PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	n/a
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate NRR.UN's Price-To-Book 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?

The above table shows the analyst NRR.UN forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CA$15.16	CA$19.33 +27.5%	2.4%	CA$20.00	CA$19.00	n/a	3
Nov ’25	CA$16.59	CA$19.67 +18.5%	2.4%	CA$20.00	CA$19.00	n/a	3
Oct ’25	CA$18.26	CA$18.88 +3.4%	0.7%	CA$19.00	CA$18.75	n/a	2
Sep ’25	CA$17.35	CA$18.88 +8.8%	0.7%	CA$19.00	CA$18.75	n/a	2
Aug ’25	CA$17.34	CA$17.50 +0.9%	5.7%	CA$18.50	CA$16.50	n/a	2

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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