TSXV:MWI.UN

Stock Analysis Report

Maplewood International Real Estate Investment Trust

Executive Summary

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.


Snowflake Analysis

Unattractive dividend payer with worrying balance sheet.

Share Price & News

How has Maplewood International Real Estate Investment Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MWI.UN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

MWI.UN

12.9%

CA REITs

4.5%

CA Market


1 Year Return

n/a

MWI.UN

-25.4%

CA REITs

-24.5%

CA Market

Return vs Industry: Insufficient data to determine how MWI.UN performed against the Canadian REITs industry.

Return vs Market: Insufficient data to determine how MWI.UN performed against the Canadian Market.


Shareholder returns

MWI.UNIndustryMarket
7 Day0%12.9%4.5%
30 Day12.7%-27.4%-20.1%
90 Dayn/a-27.3%-24.9%
1 Yearn/a-21.6%-25.4%-22.0%-24.5%
3 Year85.7%69.0%-2.5%-17.3%-14.2%-22.2%
5 Year97.4%79.7%11.3%-16.1%-1.9%-16.5%

Price Volatility Vs. Market

How volatile is Maplewood International Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Maplewood International Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?

0.82x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MWI.UN's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MWI.UN's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MWI.UN is unprofitable, so we can't compare its PE Ratio to the REITs industry average.

PE vs Market: MWI.UN is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MWI.UN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MWI.UN is overvalued based on its PB Ratio (0.8x) compared to the CA REITs industry average (0.7x).


Next Steps

Future Growth

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

-3.3%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Maplewood International Real Estate Investment Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

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

-73.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MWI.UN is currently unprofitable.

Growing Profit Margin: MWI.UN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MWI.UN is unprofitable, and losses have increased over the past 5 years at a rate of -73.8% per year.

Accelerating Growth: Unable to compare MWI.UN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MWI.UN is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (4.7%).


Return on Equity

High ROE: MWI.UN has a negative Return on Equity (-4.53%), as it is currently unprofitable.


Next Steps

Financial Health

How is Maplewood International Real Estate Investment Trust's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: MWI.UN has a high level of physical assets or inventory.

Debt Coverage by Assets: MWI.UN's debt is not covered by short term assets (assets are 0.1x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MWI.UN has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: MWI.UN has been profitable on average in the past, therefore cash runway is not a concern.


Financial Institutions Analysis

Asset Level: MWI.UN's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if MWI.UN has a sufficient allowance for bad loans.

Low Risk Liabilities: MWI.UN reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if MWI.UN has an acceptable proportion of non-loan assets held.

Low Risk Deposits: MWI.UN has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if MWI.UN has an appropriate level of bad loans.


Next Steps

Dividend

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

98.59%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: MWI.UN's dividend (98.59%) is higher than the bottom 25% of dividend payers in the Canadian market (2.71%).

High Dividend: MWI.UN's dividend (98.59%) is in the top 25% of dividend payers in the Canadian market (8.69%)


Stability and Growth of Payments

Stable Dividend: MWI.UN has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MWI.UN's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its 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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.1yrs

Average board tenure


CEO

Kursat Kacira (49yo)

7.17s

Tenure

CA$74,247

Compensation

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 Execu ...


CEO Compensation Analysis

Compensation vs Market: Kursat's total compensation ($USD52.51K) is below average for companies of similar size in the Canadian market ($USD159.13K).

Compensation vs Earnings: Kursat's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Kursat Kacira
Founder7.17yrsCA$74.25kno data
Sean Nakamoto
Interim CFO7yrsno datano data
Paul Simcox
Independent Chairman of the Board7.17yrsno data0.14% CA$5.9k
Nizar Kanji
Independent Trustee7yrsno data0.22% CA$9.4k

7.1yrs

Average Tenure

48yo

Average Age

Experienced Board: MWI.UN's board of directors are considered experienced (7.1 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Maplewood International Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Maplewood International Real Estate Investment Trust
  • Ticker: MWI.UN
  • Exchange: TSXV
  • Founded: 2013
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: CA$4.246m
  • Shares outstanding: 5.98m
  • Website: https://www.maplewoodreit.com

Location

  • Maplewood International Real Estate Investment Trust
  • 2425 Matheson Boulevard East
  • Suite 791
  • Mississauga
  • Ontario
  • L4W 5K4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MWI.UNTSXV (TSX Venture Exchange)YesUnitsCACADSep 2013

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 01:32
End of Day Share Price2020/03/26 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.