Fronsac Real Estate Investment Trust is an open-ended trust that acquires and owns high quality triple net and management-free commercial real estate properties. More Details
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Fair value with limited growth.
Share Price & News
How has Fronsac Real Estate Investment Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FRO.UN's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FRO.UN exceeded the Canadian REITs industry which returned -25.2% over the past year.
Return vs Market: FRO.UN exceeded the Canadian Market which returned -5.5% over the past year.
Price Volatility Vs. Market
How volatile is Fronsac Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StHow Should Investors Feel About Fronsac Real Estate Investment Trust's (CVE:FRO.UN) CEO Remuneration?
2 months ago | Simply Wall StFronsac Real Estate Investment Trust (CVE:FRO.UN) Has Compensated Shareholders With A Respectable 68% Return On Their Investment
3 months ago | Simply Wall StIs Fronsac Real Estate Investment Trust's (CVE:FRO.UN) 11% ROE Better Than Average?
Is Fronsac Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FRO.UN (CA$0.69) is trading below our estimate of fair value (CA$1.01)
Significantly Below Fair Value: FRO.UN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FRO.UN is poor value based on its PE Ratio (8.4x) compared to the CA REITs industry average (7.5x).
PE vs Market: FRO.UN is good value based on its PE Ratio (8.4x) compared to the Canadian market (16x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FRO.UN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FRO.UN is overvalued based on its PB Ratio (1.4x) compared to the CA REITs industry average (0.7x).
How is Fronsac Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if FRO.UN's forecast earnings growth is above the savings rate (1.7%).
Earnings vs Market: Insufficient data to determine if FRO.UN's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FRO.UN's revenue (21.7% per year) is forecast to grow faster than the Canadian market (5.8% per year).
High Growth Revenue: FRO.UN's revenue (21.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if FRO.UN's Return on Equity is forecast to be high in 3 years time
How has Fronsac Real Estate Investment Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FRO.UN has a large one-off gain of CA$5.5M impacting its June 30 2020 financial results.
Growing Profit Margin: FRO.UN became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: FRO.UN's earnings have grown by 13.4% per year over the past 5 years.
Accelerating Growth: FRO.UN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: FRO.UN has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (15.1%).
Return on Equity
High ROE: FRO.UN's Return on Equity (14.4%) is considered low.
How is Fronsac Real Estate Investment Trust's financial position?
Financial Position Analysis
Short Term Liabilities: FRO.UN's short term assets (CA$2.3M) do not cover its short term liabilities (CA$15.4M).
Long Term Liabilities: FRO.UN's short term assets (CA$2.3M) do not cover its long term liabilities (CA$69.5M).
Debt to Equity History and Analysis
Debt Level: FRO.UN's debt to equity ratio (111.5%) is considered high.
Reducing Debt: FRO.UN's debt to equity ratio has reduced from 119% to 111.5% over the past 5 years.
Debt Coverage: FRO.UN's debt is not well covered by operating cash flow (5.3%).
Interest Coverage: FRO.UN's interest payments on its debt are not well covered by EBIT (2.9x coverage).
What is Fronsac Real Estate Investment Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: FRO.UN's dividend (3.7%) is higher than the bottom 25% of dividend payers in the Canadian market (1.7%).
High Dividend: FRO.UN's dividend (3.7%) is low compared to the top 25% of dividend payers in the Canadian market (5.93%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, FRO.UN has been paying a dividend for less than 10 years.
Growing Dividend: FRO.UN's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53.8%), FRO.UN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Jason Parravano CA, CPA has been Chief Executive Officer and President of Fronsac Real Estate Investment Trust since March 15, 2017 and serves as its Trustee since May 24, 2019. Mr. Parravano has an ex ...
CEO Compensation Analysis
Compensation vs Market: Jason's total compensation ($USD116.89K) is below average for companies of similar size in the Canadian market ($USD170.92K).
Compensation vs Earnings: Jason's compensation has been consistent with company performance over the past year.
|Independent Trustee||8.42yrs||no data||6.9% |
|Independent Chairman||0.42yr||no data||2.79% |
|Independent Trustee||3.08yrs||no data||0.095% |
|Independent Trustee||4.5yrs||CA$5.00k||no data|
|Independent Trustee||6.08yrs||no data||4.48% |
|Independent Trustee||4.5yrs||no data||1.82% |
Experienced Board: FRO.UN's board of directors are considered experienced (4.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 25.9%.
Fronsac Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources
- Name: Fronsac Real Estate Investment Trust
- Ticker: FRO.UN
- Exchange: TSXV
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: CA$101.467m
- Shares outstanding: 147.05m
- Website: https://www.en.fronsacreit.com
- Fronsac Real Estate Investment Trust
- 106 Gun Avenue
- Quebec City
- H9R 3X3
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FRO.UN||TSXV (TSX Venture Exchange)||Yes||Trust Units||CA||CAD||Aug 2008|
Fronsac Real Estate Investment Trust is an open-ended trust that acquires and owns high quality triple net and management-free commercial real estate properties.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/27 23:57|
|End of Day Share Price||2020/10/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.