# Northview Residential (NRR-UN.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Real Estate / REIT - Residential. Price C$15.72, market value C$621 million.

## Valuation
- **P/E (trailing): 12.6×** (5-yr avg 16.1×, 3-yr avg 16.1×). Northview Residential trades at 12.6× trailing earnings, well below its own five-year average of 16.1×: cheap by its own standards. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 8.4×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.03**. A PEG of 0.03 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 2.2×**. Each dollar of revenue is priced at 2.2×.
- **Price / book: 0.8×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 19.1×**. Enterprise value is 19.1× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 6.9%** (5-yr avg 9.3%). Free cash flow equals 6.9% of the market value, below its five-year average of 9.3%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 8.0%**. The inverse of the P/E: 8.0% of the price is earned each year.

## Profitability
- **Operating margin: 52.8%**. 52.8% of revenue is left after running the business, an exceptional level.
- **Net margin: 19.7%**. 19.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 6.6%**. 6.6% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 4.9%**. Return on all capital, debt included, is 4.9%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 1.8%**. Each dollar of assets produces 1.8% of profit.

## Growth
- **Revenue growth (1 yr): 0.7%** (3-yr 11.9%/yr). Revenue grew 0.7% over the last year.
- **EPS growth (1 yr): 311.9%** (3-yr -8.0%/yr). Earnings per share rose 311.9%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 50.2%/yr**. Free cash flow has compounded at 50.2% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 1.86**. Debt is 1.86 times equity, a leveraged balance sheet, which is normal for real estate.
- **Net debt / EBITDA: 13.5×**. It would take 13.5 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 2.2×**. Operating profit covers interest 2.2×, thin but manageable.
- **Current ratio: 0.04** (quick 0.04). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 0.72**. A Z-score of 0.72 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 6.96%** (C$1.09 per share, trailing). Northview Residential yields 6.96%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 72%** (92% of free cash flow). 72% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 3**. 3 straight years of increases.

## Price and momentum
- **Total return (1 yr): 8.1%** (YTD 0.6%, 3-mo -5.4%). The shares are up 8.1% over twelve months including dividends.
- **From 52-week high: -9.9%** (2.0% above the low). Trading 10% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 32**. An RSI of 32 is neutral.
- **Beta (1 yr): 0.22** (volatility 14%). Beta of 0.22 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NRR-UN.TO · Page: https://foliofundamentals.com/stocks/nrr-un.to

Not investment advice.