Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN) Enterprise Value: C$353.21 Mil (As of Aug. 16, 2026) ***

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What is Starlight US Residential Fund (Multi-Family) Investment LP Enterprise Value?

Starlight US Residential Fund (Multi-Family) Investment LP TSXV:SURF.UN -12.50% Enterprise Value is C$353.21 Mil as of Aug. 16, 2026. The stock has 5 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Starlight US Residential Fund (Multi-Family) Investment LP's Enterprise Value is C$353.21 Mil. Starlight US Residential Fund (Multi-Family) Investment LP's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was C$-13.15 Mil. Therefore, Starlight US Residential Fund (Multi-Family) Investment LP's EV-to-EBIT ratio for today is -26.86.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Starlight US Residential Fund (Multi-Family) Investment LP's Enterprise Value is C$353.21 Mil. Starlight US Residential Fund (Multi-Family) Investment LP's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was C$-13.15 Mil. Therefore, Starlight US Residential Fund (Multi-Family) Investment LP's EV-to-EBITDA ratio for today is -26.86.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Starlight US Residential Fund (Multi-Family) Investment LP's Enterprise Value is C$353.21 Mil. Starlight US Residential Fund (Multi-Family) Investment LP's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was C$35.96 Mil. Therefore, Starlight US Residential Fund (Multi-Family) Investment LP's EV-to-Revenue ratio for today is 9.82.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Starlight US Residential Fund (Multi-Family) Investment LP's Enterprise Value is C$353.21 Mil. Starlight US Residential Fund (Multi-Family) Investment LP's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was C$23.63 Mil. Therefore, Starlight US Residential Fund (Multi-Family) Investment LP's EV-to-OCF ratio for today is 14.95.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Starlight US Residential Fund (Multi-Family) Investment LP's Enterprise Value is C$353.21 Mil. Starlight US Residential Fund (Multi-Family) Investment LP's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was C$23.63 Mil. Therefore, Starlight US Residential Fund (Multi-Family) Investment LP's EV-to-FCF ratio for today is 14.95.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Starlight US Residential Fund (Multi-Family) Investment LP  (TSXV:SURF.UN) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Starlight US Residential Fund (Multi-Family) Investment LP's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=353.207/-13.15
=-26.86

Starlight US Residential Fund (Multi-Family) Investment LP's current Enterprise Value is C$353.21 Mil.
Starlight US Residential Fund (Multi-Family) Investment LP's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-13.15 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Starlight US Residential Fund (Multi-Family) Investment LP's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=353.207/-13.15
=-26.86

Starlight US Residential Fund (Multi-Family) Investment LP's current Enterprise Value is C$353.21 Mil.
Starlight US Residential Fund (Multi-Family) Investment LP's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-13.15 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Starlight US Residential Fund (Multi-Family) Investment LP's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=353.207/35.961
=9.82

Starlight US Residential Fund (Multi-Family) Investment LP's current Enterprise Value is C$353.21 Mil.
Starlight US Residential Fund (Multi-Family) Investment LP's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$35.96 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Starlight US Residential Fund (Multi-Family) Investment LP's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=353.207/23.627
=14.95

Starlight US Residential Fund (Multi-Family) Investment LP's current Enterprise Value is C$353.21 Mil.
Starlight US Residential Fund (Multi-Family) Investment LP's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$23.63 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Starlight US Residential Fund (Multi-Family) Investment LP's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=353.207/23.627
=14.95

Starlight US Residential Fund (Multi-Family) Investment LP's current Enterprise Value is C$353.21 Mil.
Starlight US Residential Fund (Multi-Family) Investment LP's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$23.63 Mil.

* 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 Enterprise Value Related Terms


Starlight US Residential Fund (Multi-Family) Investment LP Enterprise Value Historical Data

* Premium members only.

The historical data trend for Starlight US Residential Fund (Multi-Family) Investment LP's Enterprise Value 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 Enterprise Value Chart

Starlight US Residential Fund (Multi-Family) Investment LP Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
0.00 0.00 0.00 713.06 348.57

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
Enterprise Value 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 700.59 505.98 425.37 348.57 350.70

TSXV:SURF.UN vs AVB, EQR, ESS: Enterprise Value Comparison

For the REIT - Residential subindustry, Starlight US Residential Fund (Multi-Family) Investment LP's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs REITs Industry

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

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



Starlight US Residential Fund (Multi-Family) Investment LP Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

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

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

* 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 Enterprise Value →
What does a Enterprise Value of C$353.21 Mil mean?
Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN) has a Enterprise Value of C$353.21 Mil as of Aug. 16, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Starlight US Residential Fund (Multi-Family) Investment LP and its competitors.
Is Starlight US Residential Fund (Multi-Family) Investment LP's Enterprise Value too high?
Starlight US Residential Fund (Multi-Family) Investment LP's current Enterprise Value is C$353.21 Mil.
How does Starlight US Residential Fund (Multi-Family) Investment LP's Enterprise Value compare to AVB and EQR?
Starlight US Residential Fund (Multi-Family) Investment LP's Enterprise Value of C$353.21 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a REITs company?
A good Enterprise Value depends on the REITs industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Starlight US Residential Fund (Multi-Family) Investment LP and its competitors. Starlight US Residential Fund (Multi-Family) Investment LP's current Enterprise Value is C$353.21 Mil. 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 Enterprise Value of C$353.21 Mil. The current Enterprise Value is C$353.21 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN), the current Enterprise Value is C$353.21 Mil as of Aug. 16, 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.