Third Avenue Real Estate Value Fund Institutional Class (TAREX)
ValueMarkers Composite Index
DCF data not available
Third Avenue Real Estate Value Fund Institutional Class (TAREX) — VMCI valuation read
Third Avenue Real Estate Value Fund Institutional Class sits at VMCI 32/100, with the Real Estate sector median at 50. That 18-point spread is the first thing to note on TAREX: it tells the reader the composite is unfavorable before any single ratio is examined, and the mid-cap tier sets the comparison set.
Form 4 disclosures on TAREX 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 TAREX: TAREX trades at 18.0x earnings, 0% above the Real Estate median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 8.0% trails the Real Estate median (10.0%) by 2.0pp. The Risk read: net debt to EBITDA of -1.4x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.
TAREX rose 3.6% over the trailing 7 days, with a -5.3% read on a 30-day basis.
The investment seeks long-term capital appreciation. The fund seeks to achieve its objective primarily by investing in equity securities, including common stocks and convertible securities, of well-financed real estate and real estate-related companies, or in companies which own significant real estate assets or derive a significant portion of gross revenues or net profits from real estate-related companies at the time of investment. Under normal circumstances, at least 80% of the fund's net assets (plus the amount of any borrowing for investment purposes) will be invested in securities of real estate and real estate-related companies.
Related Stocks in Real Estate
Top peers ranked by VM Score. Compare valuation, quality, and risk metrics across the sector.
- CNPPF - China Overseas Property Holdings Limited
- CNPPF - China Overseas Property Holdings Limited
- 3658.HK - New Hope Service Holdings Limited
- 1755.HK - S-Enjoy Service Group Co., Limited
- AKSGY.IS - Akis Gayrimenkul Yatirim Ortakligi A.S.
- UOS.AX - United Overseas Australia Limited
- 1995.HK - CIFI Ever Sunshine Services Group Limited
- ACS.JO - Acsion Limited
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Key metrics explained
Definitions, formulas, and how ValueMarkers calculates each indicator used in TAREX’s VM Score.
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