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)
TNT-UN.TOthis companyTrue North Commercial REIT	CA$7.34	-3.92×	0.34×	0.98×	14,457.06×	523.0%	51.4%	46.7%	-25.0%	-8.7%	5.2%	29.7%	1.95×	12,292.22×	1.86×	0.08×	5.8%	4	-0.31	2	B-
BRE.TOBridgemarq Real Estate Services Inc.	CA$2.32	17.17×	-1.46×	0.31×	7.88×	31116.2%	12.7%	3.3%	1.8%	-8.5%	9.4%	3.6%	-2.02×	4.51×	0.85×	0.16×	10.2%	6	0.42	2	C+
D-UN.TODream Office Real Estate Investment Trust	CA$15.96	-2.21×	0.39×	1.79×	-19.39×	-415.6%	44.7%	44.9%	-81.1%	-17.8%	3.9%	-5.9%	1.38×	-15.05×	1.4×	0.25×	4.6%	5	-0.45	2	C
FCD-UN.TOFirm Capital Property Trust	CA$6.87	8.67×	0.72×	3.62×	13.31×	-151.9%	54.3%	52.0%	41.6%	8.2%	5.0%	8.5%	1.02×	7.76×	2.19×	0.13×	8.6%	5	0.89	3	B+
HMT.VHalmont Properties Corporation	CA$1.05	11.43×	0.73×	4.72×	12.53×	266.5%	81.7%	79.2%	50.2%	7.8%	5.3%	4.3%	0.82×	6.57×	4.9×	20.79×	1.5%	5	1.11	3	B+
INO-UN.TOInovalis Real Estate Investment Trust	CA$0.57	-0.63×	0.25×	1.57×	-5.14×	-2441.5%	41.2%	22.5%	-250.0%	-40.3%	1.4%	-13.7%	1.47×	-4.3×	0.6×	0.63×	0.0%	3	-1.22	3	B-
Peer median	—	8.67×	0.39×	1.79×	7.88×	-151.9%	44.7%	44.9%	1.8%	-8.5%	5.0%	3.6%	1.02×	4.51×	1.4×	0.25×	4.6%	5	0.42	3	—