Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
SRU-UN.TOthis companySmartCentres Real Estate Investment Trust	CA$27.50	18.26×	0.88×	4.95×	20.11×	37.3%	60.7%	57.2%	27.2%	4.8%	4.6%	8.2%	1×	10.64×	3.16×	0.26×	5.8%	5	0.7	3	B
BEI-UN.TOBoardwalk Real Estate Investment Trust	CA$62.52	16.04×	0.64×	4.95×	20.67×	-14.2%	62.1%	55.2%	30.8%	4.0%	3.9%	2.5%	0.74×	10.92×	2.98×	0.12×	2.7%	5	1.15	2	C
CHP-UN.TOChoice Properties Real Estate Investment Trust	CA$15.46	-175.27×	2.34×	7.55×	73.79×	22.0%	71.6%	23.3%	-4.3%	-1.3%	1.9%	5.0%	1.48×	28.47×	1.13×	1.41×	2.3%	4	0.73	1	C-
CRT-UN.TOCT Real Estate Investment Trust	CA$18.14	7.46×	0.9×	2.95×	7.87×	84.0%	78.1%	75.0%	39.5%	12.0%	5.9%	24.1%	1.68×	5.13×	3.44×	0.04×	11.5%	6	1.22	4	A
DIR-UN.TODream Industrial Real Estate Investment Trust	CA$12.95	21.69×	0.77×	7.24×	26.17×	-84.6%	72.6%	66.8%	33.5%	3.5%	4.0%	3.8%	0.65×	11.93×	3.93×	0.24×	3.9%	8	0.97	3	B
FCR-UN.TOFirst Capital Real Estate Investment Trust	CA$23.40	3.77×	0.83×	5.49×	17.33×	-45.3%	62.9%	54.5%	145.5%	22.1%	4.4%	1.5%	0.83×	8.58×	2.51×	0.97×	4.7%	4	1.13	4	A-
Peer median	—	7.46×	0.83×	5.49×	20.67×	-14.2%	71.6%	55.2%	33.5%	4.0%	4.0%	3.8%	0.83×	10.92×	2.98×	0.24×	3.9%	5	1.13	3	—