Major Cineplex Lifestyle Leasehold Property Fund. (MJLF.BK)

Major Cineplex Lifestyle Leasehold Property Fund. (MJLF.BK) — VMCI valuation read

Major Cineplex Lifestyle Leasehold Property Fund. sits at VMCI 68/100, with the Real Estate sector median at 50. That 18-point spread is the first thing to note on MJLF.BK: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on MJLF.BK are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on MJLF.BK: MJLF.BK trades at 26.0x earnings, 44% above the Real Estate median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 12.0% sits 2.0pp above the Real Estate median (10.0%). The Risk read: net debt to EBITDA of 3.1x is the binding constraint on the bear case, anchoring the bear scenario on a measurable balance-sheet metric.

MJLF.BK rose 0.4% over the trailing 7 days, with a -7.7% read on a 30-day basis.