Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN) EV-to-FCF: 14.95 (As of Aug. 16, 2026) — Near Median

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What is Starlight US Residential Fund (Multi-Family) Investment LP EV-to-FCF?

Starlight US Residential Fund (Multi-Family) Investment LP TSXV:SURF.UN -12.50% EV-to-FCF is 14.95 as of Aug. 16, 2026, which is 5% below its 10-year median of 15.82. The stock has 5 warning signs investors should review. Among 733 REITs companies, Starlight US Residential Fund (Multi-Family) Investment LP ranks better than 72.71% on this metric.

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 for today is 14.95.

The historical rank and industry rank for Starlight US Residential Fund (Multi-Family) Investment LP's EV-to-FCF or its related term are showing as below:

TSXV:SURF.UN' s EV-to-FCF Range Over the Past 10 Years
Min: 11.99   Med: 15.82   Max: 27.35
Current: 14.95

During the past 5 years, the highest EV-to-FCF of Starlight US Residential Fund (Multi-Family) Investment LP was 27.35. The lowest was 11.99. And the median was 15.82.

TSXV:SURF.UN's EV-to-FCF is ranked better than
72.71% of 733 companies
in the REITs industry
Industry Median: 22.59 vs TSXV:SURF.UN: 14.95

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-08-16), Starlight US Residential Fund (Multi-Family) Investment LP's stock price is C$0.035. Starlight US Residential Fund (Multi-Family) Investment LP's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was C$-1.500. Therefore, Starlight US Residential Fund (Multi-Family) Investment LP's PE Ratio (TTM) for today is At Loss.


Starlight US Residential Fund (Multi-Family) Investment LP  (TSXV:SURF.UN) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Starlight US Residential Fund (Multi-Family) Investment LP's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=0.035/-1.500
=At Loss

Starlight US Residential Fund (Multi-Family) Investment LP's share price for today is C$0.035.
Starlight US Residential Fund (Multi-Family) Investment LP's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.500.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Starlight US Residential Fund (Multi-Family) Investment LP EV-to-FCF Related Terms


Starlight US Residential Fund (Multi-Family) Investment LP EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Starlight US Residential Fund (Multi-Family) Investment LP's EV-to-FCF 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 EV-to-FCF Chart

Starlight US Residential Fund (Multi-Family) Investment LP Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
0.00 0.00 0.00 21.81 12.19

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
EV-to-FCF 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 20.97 15.73 13.41 12.19 14.84

TSXV:SURF.UN vs AVB, EQR, ESS: EV-to-FCF Comparison

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

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

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



Starlight US Residential Fund (Multi-Family) Investment LP EV-to-FCF Calculation

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

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.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of 14.95 mean?
Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN) has a EV-to-FCF of 14.95 as of Aug. 16, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Starlight US Residential Fund (Multi-Family) Investment LP and its competitors. This is near median its historical median of 15.82. Over the past decade, Starlight US Residential Fund (Multi-Family) Investment LP's EV-to-FCF has ranged from 11.99 to 27.35. According to the industry distribution chart, Starlight US Residential Fund (Multi-Family) Investment LP ranks #200 out of 733 companies in the REITs industry, placing it in the top 27.3%.
Is Starlight US Residential Fund (Multi-Family) Investment LP's EV-to-FCF too high?
Starlight US Residential Fund (Multi-Family) Investment LP's current EV-to-FCF of 14.95 is near median its 10-year median of 15.82. Over the past 10 years, this metric has ranged from a low of 11.99 to a high of 27.35. The REITs industry median EV-to-FCF is 22.59. Starlight US Residential Fund (Multi-Family) Investment LP's value of 14.95 is 33.8% below this industry median. Based on the distribution chart, Starlight US Residential Fund (Multi-Family) Investment LP ranks #200 out of 733 companies in the REITs industry, which is above the industry midpoint.
How does Starlight US Residential Fund (Multi-Family) Investment LP's EV-to-FCF compare to AVB and EQR?
According to the REITs industry distribution chart, Starlight US Residential Fund (Multi-Family) Investment LP ranks #200 out of 733 companies for EV-to-FCF. This puts Starlight US Residential Fund (Multi-Family) Investment LP in the upper half of its industry. The industry median EV-to-FCF is 22.59. Starlight US Residential Fund (Multi-Family) Investment LP's value of 14.95 is 33.8% below this benchmark. Historically, Starlight US Residential Fund (Multi-Family) Investment LP's own EV-to-FCF has ranged from 11.99 to 27.35 over the past decade. While the company's 10-year median is 15.82 vs. the industry median of 22.59, Starlight US Residential Fund (Multi-Family) Investment LP has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a REITs company?
The median EV-to-FCF among REITs companies is 22.59, based on 733 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Starlight US Residential Fund (Multi-Family) Investment LP's current EV-to-FCF of 14.95 is 33.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Starlight US Residential Fund (Multi-Family) Investment LP and its competitors. For the REITs industry, the median EV-to-FCF is 22.59 — 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 EV-to-FCF is 14.95, which is near median its own 10-year median of 15.82. 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 EV-to-FCF of 14.95. The current EV-to-FCF is 14.95, which is near median its 10-year median of 15.82 and 33.8% below the REITs industry median of 22.59. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Starlight US Residential Fund (Multi-Family) Investment LP (TSXV:SURF.UN), the current EV-to-FCF is 14.95 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.