Pro Real Estate Investment Trust

TSX:PRV.UN Stock Report

Market Cap: CA$311.7m

Pro Real Estate Investment Trust Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 PRV.UN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PRV.UN (CA$5.16) is trading below our estimate of fair value (CA$7.2)

Significantly Below Fair Value: PRV.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 PRV.UN?

Other financial metrics that can be useful for relative valuation.

PRV.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/Revenue7.9x
Enterprise Value/EBITDA15.6x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PRV.UN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.5x
BTB.UN BTB Real Estate Investment Trust
8.1xn/aCA$286.3m
FCD.UN Firm Capital Property Trust
9.4xn/aCA$186.5m
NET.UN Canadian Net Real Estate Investment Trust
6.9xn/aCA$101.2m
MR.UN Melcor Real Estate Investment Trust
1.6xn/aCA$81.4m
PRV.UN Pro Real Estate Investment Trust
89.8xn/aCA$311.7m

Price-To-Earnings vs Peers: PRV.UN is expensive based on its Price-To-Earnings Ratio (89.8x) compared to the peer average (6.5x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a7.0%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a7.0%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: PRV.UN is expensive based on its Price-To-Earnings Ratio (89.8x) compared to the Global REITs industry average (14.8x).


Price to Earnings Ratio vs Fair Ratio

What is PRV.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.

PRV.UN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio89.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PRV.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?

The above table shows the analyst PRV.UN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$5.16
CA$6.14
+19.0%
6.8%CA$6.50CA$5.50n/a7
May ’25CA$5.04
CA$6.14
+21.9%
6.8%CA$6.50CA$5.50n/a7
Apr ’25CA$5.51
CA$6.25
+13.4%
5.3%CA$6.50CA$5.50n/a8
Mar ’25CA$5.20
CA$6.06
+16.6%
9.2%CA$6.50CA$4.75n/a8
Feb ’25CA$5.67
CA$6.06
+6.8%
8.7%CA$6.50CA$4.75n/a9
Jan ’25CA$4.77
CA$5.81
+21.9%
11.9%CA$6.50CA$4.75n/a8
Dec ’24CA$4.70
CA$5.81
+23.7%
11.9%CA$6.50CA$4.75n/a8
Nov ’24CA$4.34
CA$5.97
+37.5%
15.2%CA$7.00CA$4.50n/a8
Oct ’24CA$4.28
CA$6.34
+48.2%
11.0%CA$7.00CA$5.00n/a8
Sep ’24CA$5.00
CA$6.39
+27.9%
9.8%CA$7.00CA$5.50n/a7
Aug ’24CA$5.37
CA$6.61
+23.0%
10.9%CA$7.75CA$5.50n/a7
Jul ’24CA$5.25
CA$6.71
+27.8%
9.0%CA$7.75CA$6.00n/a6
Jun ’24CA$5.13
CA$6.88
+34.0%
9.6%CA$7.75CA$6.00n/a6
May ’24CA$5.51
CA$7.07
+28.3%
6.5%CA$7.75CA$6.25CA$5.047
Apr ’24CA$5.94
CA$7.07
+19.0%
6.5%CA$7.75CA$6.25CA$5.517
Mar ’24CA$6.30
CA$7.21
+14.5%
4.7%CA$7.75CA$6.75CA$5.207
Feb ’24CA$6.42
CA$7.21
+12.4%
4.7%CA$7.75CA$6.75CA$5.677
Jan ’24CA$5.96
CA$7.25
+21.6%
4.1%CA$7.75CA$7.00CA$4.777
Dec ’23CA$6.34
CA$7.25
+14.4%
4.1%CA$7.75CA$7.00CA$4.707
Nov ’23CA$5.85
CA$7.21
+23.3%
4.7%CA$7.75CA$6.75CA$4.347
Oct ’23CA$5.72
CA$7.44
+30.0%
3.7%CA$7.75CA$7.00CA$4.288
Sep ’23CA$6.29
CA$7.44
+18.2%
3.7%CA$7.75CA$7.00CA$5.008
Aug ’23CA$6.43
CA$7.58
+17.9%
4.8%CA$8.00CA$7.00CA$5.378
Jul ’23CA$6.18
CA$7.77
+25.7%
1.7%CA$8.00CA$7.50CA$5.258
Jun ’23CA$7.15
CA$7.91
+10.7%
2.2%CA$8.25CA$7.75CA$5.137
May ’23CA$7.09
CA$7.95
+12.1%
2.0%CA$8.25CA$7.75CA$5.517

Analyst Forecast: Target price is less than 20% higher than the current share price.


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