Loading...

Maplewood International Real Estate Investment Trust

TSXV:MWI.UN
Snowflake Description

Fair value with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MWI.UN
TSXV
CA$4M
Market Cap
  1. Home
  2. CA
  3. Real Estate
Company description

Maplewood International REIT is a Canadian based growth-oriented international real estate investment trust, established to invest in high-quality income producing commercial real estate outside of Canada. The last earnings update was 33 days ago. More info.


Add to Portfolio Compare Print
MWI.UN Share Price and Events
7 Day Returns
0%
TSXV:MWI.UN
1.5%
CA REITs
-0.2%
CA Market
1 Year Returns
30.4%
TSXV:MWI.UN
11%
CA REITs
-1.9%
CA Market
MWI.UN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Maplewood International Real Estate Investment Trust (MWI.UN) 0% 0% - 30.4% 106.9% -49.6%
CA REITs 1.5% 0.8% 3.1% 11% 12% 15.7%
CA Market -0.2% -1.6% 2.1% -1.9% 13.3% 4.3%
1 Year Return vs Industry and Market
  • MWI.UN outperformed the REITs industry which returned 11% over the past year.
  • MWI.UN outperformed the Market in Canada which returned -1.9% over the past year.

Value

 Is Maplewood International Real Estate Investment Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Maplewood International Real Estate Investment Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Maplewood International Real Estate Investment Trust.

TSXV:MWI.UN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Funds From Operations
Levered Funds From Operations Average of 0 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSXV:MWI.UN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.35
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.348 (1 + (1- 26.5%) (152.59%))
0.825
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (0.825 * 5.96%)
6.86%

Discounted Cash Flow Calculation for TSXV:MWI.UN using 2 Stage Free Cash Flow to Equity using Funds From Operations Model

The calculations below outline how an intrinsic value for Maplewood International Real Estate Investment Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Maplewood International Real Estate Investment Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

TSXV:MWI.UN DCF 1st Stage: Next 10 year cash flow forecast
Funds From Operations (FFO) (CAD, Millions) Source Present Value
Discounted (@ 6.86%)
2019 0.03 Est @ 4.35% 0.03
2020 0.03 Est @ 3.63% 0.03
2021 0.03 Est @ 3.12% 0.03
2022 0.03 Est @ 2.77% 0.03
2023 0.03 Est @ 2.52% 0.02
2024 0.03 Est @ 2.35% 0.02
2025 0.04 Est @ 2.23% 0.02
2026 0.04 Est @ 2.14% 0.02
2027 0.04 Est @ 2.09% 0.02
2028 0.04 Est @ 2.04% 0.02
Present value of next 10 years cash flows CA$0.24
TSXV:MWI.UN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$0.04 × (1 + 1.95%) ÷ (6.86% – 1.95%)
CA$0.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$0.78 ÷ (1 + 6.86%)10
CA$0.40
TSXV:MWI.UN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$0.24 + CA$0.40
CA$0.64
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$0.64 / 5.98
CA$0.11
TSXV:MWI.UN Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$0.11
Current discount Discount to share price of CA$0.60
= -1 x (CA$0.60 - CA$0.11) / CA$0.11
-464%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Maplewood International Real Estate Investment Trust is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Maplewood International Real Estate Investment Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Maplewood International Real Estate Investment Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:MWI.UN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$0.09
TSXV:MWI.UN Share Price ** TSXV (2019-04-26) in CAD CA$0.6
Canada REITs Industry PE Ratio Median Figure of 40 Publicly-Listed REITs Companies 7.95x
Canada Market PE Ratio Median Figure of 545 Publicly-Listed Companies 14.85x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Maplewood International Real Estate Investment Trust.

TSXV:MWI.UN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:MWI.UN Share Price ÷ EPS (both in CAD)

= 0.6 ÷ 0.09

6.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Maplewood International Real Estate Investment Trust is good value based on earnings compared to the CA REITs industry average.
  • Maplewood International Real Estate Investment Trust is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Maplewood International Real Estate Investment Trust's expected growth come at a high price?
Raw Data
TSXV:MWI.UN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
13.1%per year
North America REITs Industry PEG Ratio Median Figure of 143 Publicly-Listed REITs Companies 2.38x
Canada Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Maplewood International Real Estate Investment Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Maplewood International Real Estate Investment Trust's assets?
Raw Data
TSXV:MWI.UN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$1.01
TSXV:MWI.UN Share Price * TSXV (2019-04-26) in CAD CA$0.6
Canada REITs Industry PB Ratio Median Figure of 45 Publicly-Listed REITs Companies 0.95x
Canada Market PB Ratio Median Figure of 2,407 Publicly-Listed Companies 1.41x
TSXV:MWI.UN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:MWI.UN Share Price ÷ Book Value per Share (both in CAD)

= 0.6 ÷ 1.01

0.59x

* Primary Listing of Maplewood International Real Estate Investment Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Maplewood International Real Estate Investment Trust is good value based on assets compared to the CA REITs industry average.
X
Value checks
We assess Maplewood International Real Estate Investment Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Maplewood International Real Estate Investment Trust has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Maplewood International Real Estate Investment Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Maplewood International Real Estate Investment Trust, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Maplewood International Real Estate Investment Trust expected to grow at an attractive rate?
  • Maplewood International Real Estate Investment Trust's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Maplewood International Real Estate Investment Trust's earnings growth is positive but not above the Canada market average.
  • Unable to compare Maplewood International Real Estate Investment Trust's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:MWI.UN Future Growth Rates Data Sources
Data Point Source Value (per year)
TSXV:MWI.UN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 13.1%
Canada REITs Industry Earnings Growth Rate Market Cap Weighted Average 10.1%
Canada REITs Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:MWI.UN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:MWI.UN Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 1 1 1
2018-09-30 1 0 1
2018-06-30 1 0 1
2018-03-31 1 0 1
2017-12-31 1 0 1
2017-09-30 1 0 0
2017-06-30 1 0 0
2017-03-31 1 0 0
2016-12-31 1 0 0
2016-09-30 1 0 0
2016-06-30 1 0 0
2016-03-31 1 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Maplewood International Real Estate Investment Trust's earnings are expected to grow by 13.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Maplewood International Real Estate Investment Trust is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:MWI.UN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Maplewood International Real Estate Investment Trust Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:MWI.UN Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 0.09
2018-09-30 0.14
2018-06-30 0.14
2018-03-31 0.13
2017-12-31 0.13
2017-09-30 0.01
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 -0.02
2016-06-30 -0.07
2016-03-31 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Maplewood International Real Estate Investment Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Maplewood International Real Estate Investment Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Maplewood International Real Estate Investment Trust has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Maplewood International Real Estate Investment Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Maplewood International Real Estate Investment Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Maplewood International Real Estate Investment Trust's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Maplewood International Real Estate Investment Trust's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Maplewood International Real Estate Investment Trust's 1-year earnings growth is negative, it can't be compared to the CA REITs industry average.
Earnings and Revenue History
Maplewood International Real Estate Investment Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Maplewood International Real Estate Investment Trust Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:MWI.UN Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 0.98 0.53 0.30
2018-09-30 0.98 0.84 0.04
2018-06-30 0.97 0.83 0.04
2018-03-31 0.96 0.77 0.08
2017-12-31 0.93 0.78 0.08
2017-09-30 0.92 0.09 0.27
2017-06-30 0.92 0.01 0.33
2017-03-31 0.91 0.02 0.31
2016-12-31 0.93 -0.02 0.36
2016-09-30 0.98 -0.13 0.33
2016-06-30 1.03 -0.43 0.32
2016-03-31 1.06 0.00 0.32
2015-12-31 1.08 1.44 0.22
2015-09-30 1.07 2.54 0.45
2015-06-30 1.07 3.18 0.43
2015-03-31 1.09 9.50 0.25
2014-12-31 1.11 9.74 0.31
2014-09-30 1.11 10.79 0.30
2014-06-30 0.88 -1.64 0.30
2014-03-31 0.60 -9.08 0.44
2013-12-31 0.32 -10.83 0.37

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Maplewood International Real Estate Investment Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Maplewood International Real Estate Investment Trust used its assets less efficiently than the CA REITs industry average last year based on Return on Assets.
  • Maplewood International Real Estate Investment Trust's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Maplewood International Real Estate Investment Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Maplewood International Real Estate Investment Trust has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Maplewood International Real Estate Investment Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Maplewood International Real Estate Investment Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Maplewood International Real Estate Investment Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Maplewood International Real Estate Investment Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Maplewood International Real Estate Investment Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Maplewood International Real Estate Investment Trust Company Filings, last reported 4 months ago.

TSXV:MWI.UN Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 6.04 5.47 0.49
2018-09-30 5.79 5.30 0.41
2018-06-30 5.81 5.47 0.30
2018-03-31 5.88 5.72 0.27
2017-12-31 5.48 5.46 0.20
2017-09-30 4.89 5.39 0.28
2017-06-30 4.80 5.47 0.19
2017-03-31 4.52 5.30 0.16
2016-12-31 4.39 5.30 0.16
2016-09-30 4.81 5.57 0.20
2016-06-30 4.64 5.28 0.07
2016-03-31 4.67 5.45 0.09
2015-12-31 4.74 5.64 0.13
2015-09-30 3.44 5.63 0.13
2015-06-30 3.21 5.16 0.42
2015-03-31 2.69 5.20 0.44
2014-12-31 1.35 5.40 0.09
2014-09-30 0.55 5.45 0.08
2014-06-30 0.18 5.65 0.14
2014-03-31 -6.55 5.94 0.27
2013-12-31 -8.64 5.79 0.71
  • Maplewood International Real Estate Investment Trust's level of debt (90.6%) compared to net worth is high (greater than 40%).
  • Maplewood International Real Estate Investment Trust had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is not well covered by operating cash flow (9.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Maplewood International Real Estate Investment Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Maplewood International Real Estate Investment Trust has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Maplewood International Real Estate Investment Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Maplewood International Real Estate Investment Trust dividends.
If you bought CA$2,000 of Maplewood International Real Estate Investment Trust shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Maplewood International Real Estate Investment Trust's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Maplewood International Real Estate Investment Trust's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:MWI.UN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada REITs Industry Average Dividend Yield Market Cap Weighted Average of 42 Stocks 5%
Canada Market Average Dividend Yield Market Cap Weighted Average of 332 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSXV:MWI.UN Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2016-04-27 0.000 0.000
2015-11-04 0.000 0.000
2015-08-21 0.000 0.000
2015-05-12 0.000 0.000
2015-03-25 0.000 0.000
2014-11-17 0.000 0.000
2014-08-25 0.000 0.000
2014-04-25 0.000 0.000
2014-03-19 0.272 11.580
2014-02-13 0.272 11.550
2014-01-13 0.272 10.509
2013-11-28 0.272 9.877

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Maplewood International Real Estate Investment Trust has not reported any payouts.
  • Unable to verify if Maplewood International Real Estate Investment Trust's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Maplewood International Real Estate Investment Trust's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Maplewood International Real Estate Investment Trust has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Maplewood International Real Estate Investment Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Maplewood International Real Estate Investment Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Maplewood International Real Estate Investment Trust has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Maplewood International Real Estate Investment Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kursat Kacira
COMPENSATION CA$51,827
AGE 48
TENURE AS CEO 6.3 years
CEO Bio

Mr. Kursat Kacira, C.P.A. & C.A., has over 25 years of real estate, finance, capital markets, and accounting experience in Canada, the United States, and Europe. Mr. Kacira served as President, Chief Executive Officer and Director of Firm Capital American Realty Partners Corp., a TSXV-listed real estate investment company focused on investing in the United States since February 27, 2017 until September 18, 2018. Mr. Kacira was previously Chief Financial Officer of GT Canada Medical Properties Real Estate Investment Trust (“GT”), a TSXV-listed real estate investment trust, where he was responsible for reconfiguring GT into an international healthcare real estate investment trust, renamed NorthWest International Healthcare Properties Real Estate Investment Trust. Mr. Kacira also concurrently served as Chief Financial Officer of NorthWest Value Partners Inc., GT’s controlling unitholder. Previously, Mr. Kacira was Chief Financial Officer of Whiterock Real Estate Investment Trust (“Whiterock”), a TSX-listed real estate investment trust. Prior to joining Whiterock, Mr. Kacira was Vice President and Director in the Real Estate Group, Investment Banking at TD Securities Inc. in Toronto, where he worked for the previous nine years. Mr. Kacira’s professional experience prior to TD Securities Inc. also includes investment banking in the United States (Bear, Stearns & Co. Inc. in New York, USA) and public accounting in Canada and Europe (Price Waterhouse in Toronto and Paris, France). Mr. Kacira is a Chartered Accountant (Ontario), has a Master of Business Administration (Dean’s Scholarship) from the Stern School of Business at New York University in New York, USA, and a Bachelor of Mathematics (Honours) from the University of Waterloo.

CEO Compensation
  • Kursat's compensation has been consistent with company performance over the past year.
  • Kursat's remuneration is lower than average for companies of similar size in Canada.
Management Team

Kursat Kacira

TITLE
Founder
COMPENSATION
CA$52K
AGE
48
TENURE
6.3 yrs

Sean Nakamoto

TITLE
Interim CFO & Trustee
AGE
46
TENURE
0.6 yrs
Board of Directors Tenure

Average tenure and age of the Maplewood International Real Estate Investment Trust board of directors in years:

6.3
Average Tenure
47
Average Age
  • The tenure for the Maplewood International Real Estate Investment Trust board of directors is about average.
Board of Directors

Paul Simcox

TITLE
Chairman of the Board
AGE
39
TENURE
6.3 yrs

Kursat Kacira

TITLE
Founder
COMPENSATION
CA$52K
AGE
48
TENURE
6.3 yrs

Sean Nakamoto

TITLE
Interim CFO & Trustee
AGE
46
TENURE
6.3 yrs

Nick Kanji

TITLE
AGE
78
TENURE
6.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
20. Aug 18 Sell Orhan Kacira Individual 16. Aug 18 17. Aug 18 -16,500 CA$0.70 CA$-11,541
02. Aug 18 Sell Orhan Kacira Individual 01. Aug 18 01. Aug 18 -25,500 CA$0.73 CA$-18,465
X
Management checks
We assess Maplewood International Real Estate Investment Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Maplewood International Real Estate Investment Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Could Maplewood International Real Estate Investment Trust's (CVE:MWI.UN) Investor Composition Influence The Stock Price?

Every investor in Maplewood International Real Estate Investment Trust (CVE:MWI.UN) should be aware of the most powerful shareholder groups. … With a market capitalization of CA$3.6m, Maplewood International Real Estate Investment Trust is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Maplewood International Real Estate Investment Trust

Simply Wall St -

One Metric To Rule Them All: Maplewood International Real Estate Investment Trust (CVE:MWI.UN)

Maplewood International Real Estate Investment Trust is a CA$4.1m. … real estate investment trust (REIT) based in Mississauga, Canada. … See our latest analysis for Maplewood International Real Estate Investment Trust

Simply Wall St -

Do Insiders Own Lots Of Shares In Maplewood International Real Estate Investment Trust (CVE:MWI.UN)?

A look at the shareholders of Maplewood International Real Estate Investment Trust (CVE:MWI.UN) can tell us which group is most powerful. … Maplewood International Real Estate Investment Trust is a smaller company with a market capitalization of CA$4.6m, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for Maplewood International Real Estate Investment Trust

Simply Wall St -

Can Maplewood International Real Estate Investment Trust's (CVE:MWI.UN) ROE Continue To Surpass The Industry Average?

and want to better understand how you can grow your money by investing in Maplewood International Real Estate Investment Trust (CVE:MWI.UN). … Maplewood International Real Estate Investment Trust (CVE:MWI.UN) performed in-line with its diversified reits industry on the basis of its ROE – producing a return of13.14% relative to the peer average of 11.13% over the past 12 months. … With more debt, MWI.UN can invest even more and earn more money, thus pushing up its returns.

Simply Wall St -

Investing In Property Through Maplewood International Real Estate Investment Trust (CVE:MWI.UN)

Maplewood International Real Estate Investment Trust is a CA$2.75M small-cap real estate investment trust (REIT) based in Mississauga, Canada. … View our latest analysis for Maplewood International Real Estate Investment Trust A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent. … Maplewood International Real Estate Investment Trust can bring about diversification for your portfolio, but before you decide to invest, take a look at the other aspects you must consider before investing: Valuation: What is MWI.UN worth today?

Simply Wall St -

Company Info

Description

Maplewood International REIT is a Canadian based growth-oriented international real estate investment trust, established to invest in high-quality income producing commercial real estate outside of Canada. The REIT’s geographic focus is on the investment grade countries of Europe, with an initial target market of the Netherlands.

Details
Name: Maplewood International Real Estate Investment Trust
MWI.UN
Exchange: TSXV
Founded: 2013
CA$3,588,022
5,980,037
Website: http://www.maplewoodreit.com
Address: Maplewood International Real Estate Investment Trust
2425 Matheson Boulevard East,
Suite 791,
Mississauga,
Ontario, L4W 5K4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV MWI.UN Units TSX Venture Exchange CA CAD 24. Sep 2013
Number of employees
Current staff
Staff numbers
0
Maplewood International Real Estate Investment Trust employees.
Industry
Diversified REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 03:02
End of day share price update: 2019/04/26 00:00
Last earnings filing: 2019/04/17
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.