Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM Affo Multiple | 18.1x - 20.0x | 19.1x |
| Selected Fwd Affo Multiple | 17.9x - 19.7x | 18.8x |
| Fair Value | €121.22 - €133.98 | €127.60 |
| Upside | -0.4% - 10.0% | 4.8% |
| Benchmarks | - | Full Ticker |
| Camden Property Trust | - | NYSE:CPT |
| UDR, Inc. | - | NYSE:UDR |
| Centerspace | - | NYSE:CSR |
| AvalonBay Communities, Inc. | - | NYSE:AVB |
| Essex Property Trust, Inc. | - | NYSE:ESS |
| Mid-America Apartment Communities, Inc. | - | DB:M2K |
| - | - | - |
| Select Price / LTM AFFO Ratio | ||||||||
| Benchmark Companies | ||||||||
| CPT | UDR | CSR | AVB | ESS | M2K | |||
| NYSE:CPT | NYSE:UDR | NYSE:CSR | NYSE:AVB | NYSE:ESS | DB:M2K | |||
| Historical AFFO Growth | ||||||||
| 5Y CAGR | NM | NM | NM | NM | NM | NM | ||
| 3Y CAGR | 10.1% | 9.4% | 13.7% | 11.0% | 7.6% | 8.3% | ||
| Latest Twelve Months | NM | NM | NM | NM | NM | NM | ||
| Historical AFFO Margin | ||||||||
| Fiscal Year Two Years Prior | 43.9% | 48.0% | 27.3% | 48.2% | 51.4% | 45.1% | ||
| Fiscal Year One Year Prior | 42.3% | 47.3% | 27.8% | 49.6% | 51.7% | 45.9% | ||
| Latest Fiscal Year | 41.6% | 45.9% | 29.9% | 48.6% | 50.8% | 43.5% | ||
| Latest Twelve Months | 40.1% | 46.3% | 32.0% | 48.8% | 49.3% | 40.4% | ||
| Current Trading Multiples | ||||||||
| Price / LTM Sales | 7.6x | 8.3x | 3.9x | 9.1x | 9.4x | 7.6x | ||
| Price / LTM EPS | 75.1x | 102.2x | -33.0x | 23.8x | 21.5x | 29.5x | ||
| Price / LTM FFO | 15.8x | 16.1x | 11.4x | 17.5x | 16.8x | 16.3x | ||
| Price / LTM AFFO | 18.6x | 16.4x | 11.4x | 18.7x | 18.5x | 18.8x | ||
| Low | Mid | High | ||||||
| Benchmark Price / LTM AFFO | 11.4x | 18.5x | 18.7x | |||||
| Historical Price / LTM AFFO | 0.0x | NM | 0.0x | |||||
| Selected Price / LTM AFFO | 18.1x | 19.1x | 20.0x | |||||
| (x) LTM Adjusted FFO | 889 | 889 | 889 | |||||
| (=) Equity Value | 16,095 | 16,942 | 17,789 | |||||
| (/) Shares Outstanding | 117.1 | 117.1 | 117.1 | |||||
| Implied Value Range | 137.48 | 144.72 | 151.95 | |||||
| FX Rate: USD/EUR | 1.2 | 1.2 | 1.2 | Market Price | ||||
| Implied Value Range (Trading Cur) | 117.31 | 123.49 | 129.66 | 121.75 | ||||
| Upside / (Downside) | -3.6% | 1.4% | 6.5% | |||||
| Equity Value | |||||||
| Benchmark Companies | |||||||
| (in millions) | CPT | UDR | CSR | AVB | ESS | M2K | |
| Value of Common Equity | 11,694 | 12,989 | 975 | 27,534 | 17,180 | 16,704 | |
| (/) Shares Outstanding | 106.9 | 331.3 | 16.8 | 142.2 | 64.4 | 117.1 | |
| Implied Stock Price | 109.44 | 39.20 | 58.17 | 193.62 | 266.75 | 142.68 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.17 | |
| Implied Stock Price (Trading Cur) | 109.44 | 39.20 | 58.17 | 193.62 | 266.75 | 121.75 | |
| Trading Currency | USD | USD | USD | USD | USD | EUR | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.17 | |