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Agellan Commercial Real Estate Investment Trust

OTCPK:ACRV.F
Snowflake Description

Undervalued with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ACRV.F
OTCPK
CA$481M
Imp Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

The REIT is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The last earnings update was 100 days ago. More info.


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ACRV.F Share Price and Events
7 Day Returns
0%
OTCPK:ACRV.F
0.5%
US REITs
1.4%
US Market
1 Year Returns
-
OTCPK:ACRV.F
15.2%
US REITs
2.3%
US Market
ACRV.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Agellan Commercial Real Estate Investment Trust (ACRV.F) 0% 1.2% - - 70.7% 36.2%
US REITs 0.5% 6.3% 5.6% 15.2% 17.2% 26.7%
US Market 1.4% 5.6% 5.7% 2.3% 44.2% 40.9%
1 Year Return vs Industry and Market
  • No trading data on ACRV.F.
  • No trading data on ACRV.F.

ACRV.F Value

 Is Agellan Commercial 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 Agellan Commercial 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    Our calculation method for this is changing soon.

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

OTCPK:ACRV.F 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 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:ACRV.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.554 (1 + (1- 26.5%) (48.73%))
0.752
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 7.27%)
8.55%

Discounted Cash Flow Calculation for OTCPK:ACRV.F using 2 Stage Free Cash Flow to Equity using Funds From Operations Model

The calculations below outline how an intrinsic value for Agellan Commercial Real Estate Investment Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

Agellan Commercial 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.

OTCPK:ACRV.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Funds From Operations (FFO) (CAD, Millions) 39.00 42.98 47.36 52.19 57.51
Source Analyst x1 Est @ 10.2% Est @ 10.2% Est @ 10.2% Est @ 10.2%
Present Value
Discounted (@ 8.55%)
35.93 36.48 37.03 37.60 38.17
Present value of next 5 years cash flows CA$185.20
OTCPK:ACRV.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= CA$57.51 × (1 + 2.73%) ÷ (8.55% – 2.73%)
CA$1,015.86
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= CA$1,015.86 ÷ (1 + 8.55%)5
CA$674.16
OTCPK:ACRV.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= CA$185.20 + CA$674.16
CA$859.36
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$859.36 / 33.85
CA$18.85
OTCPK:ACRV.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:ACRV.F represents 0.74955x of TSX:ACR.UN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.74955x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 25.15 x 0.74955
$18.85
Value per share (USD) From above. $18.85
Current discount Discount to share price of $10.68
= -1 x ($10.68 - $18.85) / $18.85
43.4%

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

Current Discount
Amount off the current price Agellan Commercial Real Estate Investment Trust is available for.
Intrinsic value
43%
Share price is $10.68 vs Future cash flow value of $18.85
Current Discount Checks
For Agellan Commercial Real Estate Investment Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Agellan Commercial Real Estate Investment Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Agellan Commercial Real Estate Investment Trust's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Agellan Commercial 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 Agellan Commercial 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
OTCPK:ACRV.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$2.21
TSX:ACR.UN Share Price ** TSX (2019-02-15) in CAD CA$14.25
United States of America REITs Industry PE Ratio Median Figure of 156 Publicly-Listed REITs Companies 31.79x
United States of America Market PE Ratio Median Figure of 3,045 Publicly-Listed Companies 17.39x

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

** Primary Listing of Agellan Commercial Real Estate Investment Trust.

OTCPK:ACRV.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:ACR.UN Share Price ÷ EPS (both in CAD)

= 14.25 ÷ 2.21

6.45x

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

  • Agellan Commercial Real Estate Investment Trust is good value based on earnings compared to the US REITs industry average.
  • Agellan Commercial Real Estate Investment Trust is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Agellan Commercial Real Estate Investment Trust's expected growth come at a high price?
Raw Data
OTCPK:ACRV.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-15.9%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 0.87x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.44x

*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 Agellan Commercial 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 Agellan Commercial Real Estate Investment Trust's assets?
Raw Data
OTCPK:ACRV.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$12.75
TSX:ACR.UN Share Price * TSX (2019-02-15) in CAD CA$14.25
United States of America REITs Industry PB Ratio Median Figure of 192 Publicly-Listed REITs Companies 1.79x
United States of America Market PB Ratio Median Figure of 5,129 Publicly-Listed Companies 1.87x
OTCPK:ACRV.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:ACR.UN Share Price ÷ Book Value per Share (both in CAD)

= 14.25 ÷ 12.75

1.12x

* Primary Listing of Agellan Commercial Real Estate Investment Trust.

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

  • Agellan Commercial Real Estate Investment Trust is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess Agellan Commercial 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. Agellan Commercial Real Estate Investment Trust has a total score of 5/6, 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.

ACRV.F Future Performance

 How is Agellan Commercial Real Estate Investment Trust expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

  • No analysts cover Agellan Commercial 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
-15.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Agellan Commercial Real Estate Investment Trust expected to grow at an attractive rate?
  • Agellan Commercial Real Estate Investment Trust's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Agellan Commercial Real Estate Investment Trust's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Agellan Commercial Real Estate Investment Trust's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:ACRV.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:ACRV.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -15.9%
OTCPK:ACRV.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 6%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 0.3%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
OTCPK:ACRV.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:ACRV.F Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 107 1
2019-12-31 102 64 2
2018-12-31 93 50 2
OTCPK:ACRV.F Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 97 48 73
2018-06-30 104 54 86
2018-03-31 103 51 86
2017-12-31 102 59 53
2017-09-30 98 61 60
2017-06-30 94 63 41
2017-03-31 90 57 28
2016-12-31 89 48 20
2016-09-30 88 51 -4
2016-06-30 88 50 -2
2016-03-31 86 46 8
2015-12-31 84 47 13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Agellan Commercial Real Estate Investment Trust's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Agellan Commercial Real Estate Investment Trust's revenue is expected to grow by 6% yearly, however this is not considered high growth (20% yearly).
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
OTCPK:ACRV.F 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 2 Analyst Estimates (S&P Global) See Below

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

OTCPK:ACRV.F Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31
OTCPK:ACRV.F Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 2.21
2018-06-30 2.60
2018-03-31 2.62
2017-12-31 1.63
2017-09-30 1.95
2017-06-30 1.40
2017-03-31 1.04
2016-12-31 0.78
2016-09-30 -0.15
2016-06-30 -0.07
2016-03-31 0.33
2015-12-31 0.55

*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 Agellan Commercial Real Estate Investment Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Agellan Commercial 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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Agellan Commercial Real Estate Investment Trust has a total score of 0/6, 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.

ACRV.F Past Performance

  How has Agellan Commercial 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 Agellan Commercial 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.
  • Agellan Commercial Real Estate Investment Trust has delivered over 20% year on year earnings growth in the past 5 years.
  • Agellan Commercial Real Estate Investment Trust's 1-year earnings growth is less than its 5-year average (21% vs 38.1%)
  • Agellan Commercial Real Estate Investment Trust's earnings growth has exceeded the US REITs industry average in the past year (21% vs 18.9%).
Earnings and Revenue History
Agellan Commercial 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 Agellan Commercial Real Estate Investment Trust Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ACRV.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 97.26 72.89 12.11
2018-06-30 103.55 85.60 11.78
2018-03-31 103.24 86.35 11.01
2017-12-31 101.60 52.64 11.19
2017-09-30 98.32 60.26 6.83
2017-06-30 93.81 40.93 6.15
2017-03-31 90.30 27.88 5.77
2016-12-31 88.60 19.78 5.42
2016-09-30 87.97 -3.65 4.92
2016-06-30 88.00 -1.76 4.82
2016-03-31 86.02 7.67 4.96
2015-12-31 84.31 12.95 4.91
2015-09-30 81.68 17.98 4.52
2015-06-30 78.04 21.37 4.36
2015-03-31 76.76 18.16 4.24
2014-12-31 74.96 19.25 4.02
2014-09-30 72.53 17.09 3.83
2014-06-30 70.05 18.21 3.66
2014-03-31 66.66 21.14 3.38
2013-12-31 58.25 30.62 2.84
2012-09-30 52.58 16.06 2.84

*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.
  • Agellan Commercial Real Estate Investment Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Agellan Commercial Real Estate Investment Trust used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • Agellan Commercial Real Estate Investment Trust's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Agellan Commercial 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.
Agellan Commercial Real Estate Investment Trust has a total score of 3/6, 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.

ACRV.F Health

 How is Agellan Commercial 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 Agellan Commercial Real Estate Investment Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Agellan Commercial Real Estate Investment Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Agellan Commercial 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 Agellan Commercial 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 0.3x 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 Agellan Commercial Real Estate Investment Trust Company Filings, last reported 4 months ago.

OTCPK:ACRV.F Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 420.43 234.60 42.59
2018-06-30 427.20 254.83 77.84
2018-03-31 414.96 409.42 9.43
2017-12-31 373.93 392.02 9.81
2017-09-30 362.94 386.73 14.94
2017-06-30 360.26 422.69 8.27
2017-03-31 361.75 372.25 9.60
2016-12-31 309.70 414.32 7.75
2016-09-30 287.02 332.47 11.43
2016-06-30 247.70 348.38 12.34
2016-03-31 253.96 348.41 7.36
2015-12-31 270.73 356.15 9.14
2015-09-30 269.58 347.66 6.90
2015-06-30 262.67 335.81 8.98
2015-03-31 262.07 335.83 6.72
2014-12-31 248.72 317.91 11.73
2014-09-30 242.74 319.44 5.98
2014-06-30 235.91 302.36 5.56
2014-03-31 240.33 311.42 6.57
2013-12-31 234.03 303.43 26.22
2012-09-30 177.21 247.40
  • Agellan Commercial Real Estate Investment Trust's level of debt (55.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (131.2% vs 55.8% today).
  • Debt is well covered by operating cash flow (20.5%, greater 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 Agellan Commercial 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. Agellan Commercial Real Estate Investment Trust has a total score of 3/6, 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.

ACRV.F Dividends

 What is Agellan Commercial 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
5.68%
Current annual income from Agellan Commercial Real Estate Investment Trust dividends. Estimated to be 5.68% next year.
If you bought $2,000 of Agellan Commercial Real Estate Investment Trust shares you are expected to receive $114 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?
  • Agellan Commercial Real Estate Investment Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Agellan Commercial Real Estate Investment Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.54%).
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
OTCPK:ACRV.F 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 2 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 185 Stocks 4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2001 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.5%

Industry and Market average data is calculated daily.

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

OTCPK:ACRV.F Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.81 1.00
2019-12-31 0.81 3.00
2018-12-31 0.81 3.00
OTCPK:ACRV.F Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-01-21 0.810 5.703
2018-12-17 0.810 5.712
2018-11-23 0.810 5.710
2018-10-25 0.810 5.965
2018-09-18 0.810 6.134
2018-08-21 0.810 5.804
2018-07-19 0.810 5.809
2018-06-19 0.810 5.976
2018-05-23 0.810 6.228
2018-04-18 0.810 6.925
2018-03-20 0.810 7.135
2018-02-20 0.810 7.077
2018-01-22 0.810 6.909
2017-12-19 0.775 6.521
2017-11-21 0.775 6.451
2017-10-19 0.775 6.541
2017-09-22 0.775 6.480
2017-08-18 0.775 6.805
2017-07-24 0.775 7.179
2017-06-20 0.775 7.104
2017-05-18 0.775 6.924
2017-04-19 0.775 6.780
2017-03-23 0.775 6.722
2017-02-21 0.775 6.788
2017-01-18 0.775 6.733
2016-12-16 0.775 7.256
2016-11-18 0.775 7.396
2016-10-20 0.775 7.328
2016-09-20 0.775 7.528
2016-08-19 0.775 7.585
2016-06-20 0.775 7.530
2016-05-19 0.775 7.637
2016-04-21 0.775 8.167
2016-03-21 0.775 8.379
2016-02-18 0.775 8.684
2016-01-19 0.775 9.015
2015-12-21 0.775 9.017
2015-11-18 0.775 8.774
2015-10-20 0.775 8.637
2015-09-18 0.775 8.867
2015-08-19 0.775 8.916
2015-07-20 0.775 8.992
2015-06-18 0.775 8.746
2015-05-21 0.775 8.762
2015-04-21 0.775 8.466
2015-03-20 0.775 8.345
2015-02-18 0.775 8.209
2015-01-21 0.775 8.047
2014-12-17 0.775 8.715
2014-11-19 0.775 8.810
2014-10-16 0.775 8.577
2014-09-22 0.775 8.582
2014-08-18 0.775 8.169
2014-07-22 0.775 8.282
2014-06-23 0.775 8.246
2014-05-21 0.775 8.237
2014-04-23 0.775 8.413
2014-03-20 0.775 8.401
2014-02-20 0.775 8.558
2014-01-20 0.775 8.934
2013-12-18 0.775 8.913
2013-11-15 0.775 9.218
2013-10-21 0.775 9.090
2013-09-18 0.775 8.848
2013-08-19 0.775 8.720
2013-07-12 0.775 8.661
2013-06-18 0.775 8.298
2013-05-22 0.775 8.115
2013-04-15 0.775 7.913
2013-03-12 0.775 8.038
2013-02-15 0.775 7.879

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

  • Whilst dividend payments have been stable, Agellan Commercial Real Estate Investment Trust has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Agellan Commercial Real Estate Investment Trust only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Agellan Commercial Real Estate Investment Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
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 Agellan Commercial Real Estate Investment Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Agellan Commercial Real Estate Investment Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Agellan Commercial Real Estate Investment Trust has a total score of 2/6, see the detailed checks below.


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

ACRV.F Management

 What is the CEO of Agellan Commercial 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
Frank Camenzuli
COMPENSATION CA$287,853
AGE 64
TENURE AS CEO 7.1 years
CEO Bio

Mr. Frank Xavier Camenzuli serves as the Chief Executive Officer at Agellan Commercial Real Estate Investment Trust and Trustee since November 1, 2012. Mr. Camenzuli has a vast real estate operating and acquisition experience. Mr. Camenzuli served as the Founding Principal and President of ACPI, the external manager of Agellan from the REIT’s initial public offering until November 2017. He founded ACPI in 2003 and has been responsible for sourcing and maintaining relationships with ACPI's financial partners since its inception. From 1985 to 2002, Mr. Camenzuli served as a Principal of Caber Capital and was a Co-Founding Partner at CBRE Limited. Mr. Camenzuli held senior management positions in several real estate companies including two major Canadian retail brokerage firms from 1980 to 1985. He has been a Trustee of Agellan Commercial Real Estate Investment Trust since November 1, 2012 Mr. Camenzuli holds an Honours Bachelor of Arts and a Master's Degree in Social Sciences from the University of Western Ontario.

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

Average tenure of the Agellan Commercial Real Estate Investment Trust management team in years:

6.1
Average Tenure
  • The average tenure for the Agellan Commercial Real Estate Investment Trust management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Frank Camenzuli

TITLE
CEO & Trustee
COMPENSATION
CA$288K
AGE
64
TENURE
7.1 yrs

Daniel Millett

TITLE
Chief Financial Officer
COMPENSATION
CA$266K
TENURE
5.4 yrs

Terra Attard

TITLE
COO & Secretary
COMPENSATION
CA$266K
TENURE
6.1 yrs
Board of Directors Tenure

Average tenure and age of the Agellan Commercial Real Estate Investment Trust board of directors in years:

1.7
Average Tenure
58
Average Age
  • The average tenure for the Agellan Commercial Real Estate Investment Trust board of directors is less than 3 years, this suggests a new board.
Board of Directors

Glen Ladouceur

TITLE
Chairman of the Board
COMPENSATION
CA$74K
AGE
69
TENURE
2.1 yrs

Frank Camenzuli

TITLE
CEO & Trustee
COMPENSATION
CA$288K
AGE
64
TENURE
6.3 yrs

Dayna Gibbs

TITLE
COMPENSATION
CA$90K
AGE
41
TENURE
1.7 yrs

Rafael Lazer

TITLE
COMPENSATION
CA$25K
AGE
40
TENURE
1.7 yrs

Renzo Barazzuol

TITLE
COMPENSATION
CA$6K
AGE
63
TENURE
1.3 yrs

Yisrael Meyer

TITLE
COMPENSATION
CA$5K
AGE
54
TENURE
1.3 yrs

Aida Tammer

TITLE
COMPENSATION
CA$6K
AGE
58
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
15. Jun 18 Buy Terra Attard Individual 14. Jun 18 14. Jun 18 746 $13.41 $10,004
14. Jun 18 Buy Daniel Millett Individual 14. Jun 18 14. Jun 18 746 $13.41 $10,004
14. Jun 18 Sell Frank Camenzuli Individual 14. Jun 18 14. Jun 18 -1,492 $13.41 $-20,008
17. May 18 Buy Frank Camenzuli Individual 15. May 18 15. May 18 40,520 $11.42 $462,738
07. Mar 18 Buy Aida Tammer Individual 01. Dec 17 01. Dec 17 5,000 $12.00 $60,000
X
Management checks
We assess Agellan Commercial 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. Agellan Commercial 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.

ACRV.F News

Simply Wall St News

ACRV.F Company Info

Map
Description

The REIT is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning industrial, office and retail properties in select major urban markets in the United States and Canada. The REIT’s 46 properties contain 8.3 million square feet of gross leasable area, with the REIT’s ownership interest at 7.0 million square feet. The properties are primarily located in major urban markets in the United States.

Details
Name: Agellan Commercial Real Estate Investment Trust
ACRV.F
Exchange: OTCPK
Founded:
CA$364,904,769
CA$356,265,274
33,852,744
Website: http://www.agellancommercialreit.com
Address: Agellan Commercial Real Estate Investment Trust
890 Yonge Street,
Suite 505,
Toronto,
Ontario, M4W 3P4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX ACR.UN Units The Toronto Stock Exchange CA CAD 25. Jan 2013
OTCPK ACRV.F Units Pink Sheets LLC US USD 25. Jan 2013
Number of employees
Current staff
Staff numbers
0
Agellan Commercial Real Estate Investment Trust employees.
Industry
Diversified REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/22 00:55
End of day share price update: 2019/02/15 00:00
Last estimates confirmation: 2019/02/10
Last earnings filing: 2018/11/14
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.