Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN) EBITDA Margin %: -253.04% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Starlight US Residential Fund (Multi-Family) Investment LP EBITDA Margin %?

Starlight US Residential Fund (Multi-Family) Investment LP TSXV:SURF.UN -12.50% EBITDA Margin % is -253.04% as of Mar. 2026. The stock has 5 warning signs investors should review. Among 731 REITs companies, Starlight US Residential Fund (Multi-Family) Investment LP ranks worse than 95.35% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. Starlight US Residential Fund (Multi-Family) Investment LP's EBITDA for the three months ended in Mar. 2026 was C$-17.51 Mil. Starlight US Residential Fund (Multi-Family) Investment LP's Revenue for the three months ended in Mar. 2026 was C$6.92 Mil. Therefore, Starlight US Residential Fund (Multi-Family) Investment LP's EBITDA margin for the quarter that ended in Mar. 2026 was -253.04%.


Starlight US Residential Fund (Multi-Family) Investment LP  (TSXV:SURF.UN) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


Starlight US Residential Fund (Multi-Family) Investment LP EBITDA Margin % Related Terms


Starlight US Residential Fund (Multi-Family) Investment LP EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for Starlight US Residential Fund (Multi-Family) Investment LP's EBITDA Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Starlight US Residential Fund (Multi-Family) Investment LP EBITDA Margin % Chart

Starlight US Residential Fund (Multi-Family) Investment LP Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
EBITDA Margin %
5.40 -16.91 -208.16 -79.40 -47.03

Starlight US Residential Fund (Multi-Family) Investment LP Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBITDA Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -176.14 -78.21 85.50 65.61 -253.04

TSXV:SURF.UN vs AVB, EQR, ESS: EBITDA Margin % Comparison

For the REIT - Residential subindustry, Starlight US Residential Fund (Multi-Family) Investment LP's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Starlight US Residential Fund (Multi-Family) Investment LP EBITDA Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Starlight US Residential Fund (Multi-Family) Investment LP's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where Starlight US Residential Fund (Multi-Family) Investment LP's EBITDA Margin % falls into.



Starlight US Residential Fund (Multi-Family) Investment LP EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

Starlight US Residential Fund (Multi-Family) Investment LP's EBITDA Margin % for the fiscal year that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-20.152/42.851
=-47.03 %

Starlight US Residential Fund (Multi-Family) Investment LP's EBITDA Margin % for the quarter that ended in Mar. 2026 is calculated as

EBITDA Margin %=EBITDA (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-17.505/6.918
=-253.04 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBITDA Margin % →
What does a EBITDA Margin % of -253.04% mean?
Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN) has a EBITDA Margin % of -253.04% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Starlight US Residential Fund (Multi-Family) Investment LP and its competitors. According to the industry distribution chart, Starlight US Residential Fund (Multi-Family) Investment LP ranks #697 out of 731 companies in the REITs industry, placing it in the top 95.3%.
Is Starlight US Residential Fund (Multi-Family) Investment LP's EBITDA Margin % too high?
Starlight US Residential Fund (Multi-Family) Investment LP's current EBITDA Margin % is -253.04%. Based on the distribution chart, Starlight US Residential Fund (Multi-Family) Investment LP ranks #697 out of 731 companies in the REITs industry, which is in the bottom quartile relative to peers.
How does Starlight US Residential Fund (Multi-Family) Investment LP's EBITDA Margin % compare to AVB and EQR?
According to the REITs industry distribution chart, Starlight US Residential Fund (Multi-Family) Investment LP ranks #697 out of 731 companies for EBITDA Margin %. This places Starlight US Residential Fund (Multi-Family) Investment LP in the lower half of its industry. The industry median EBITDA Margin % is 69.37. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a REITs company?
The median EBITDA Margin % among REITs companies is 69.37, based on 731 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Starlight US Residential Fund (Multi-Family) Investment LP and its competitors. For the REITs industry, the median EBITDA Margin % is 69.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starlight US Residential Fund (Multi-Family) Investment LP's current EBITDA Margin % is -253.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starlight US Residential Fund (Multi-Family) Investment LP stock overvalued right now?
Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN) has a current EBITDA Margin % of -253.04%. The current EBITDA Margin % is -253.04%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN), the current EBITDA Margin % is -253.04% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Starlight US Residential Fund (Multi-Family) Investment LP Business Description

Industry Real EstateREITs
Address 3280 Bloor Street West, Suite 1400, Centre Tower, Toronto, ON, CAN, M8X 2X3
Starlight US Residential Fund (Multi-Family) Investment LP is a "closed-end" trust. It operates as a real estate investment and asset management company that acquires, owns, and operates a portfolio of multifamily properties and single-family rental homes. The company evaluates properties based on pricing and local supply-and-demand conditions in relation to the fund's stated performance targets. Its portfolio includes properties located in Arizona, Florida, and North Carolina.