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RioCan Real Estate Investment Trust TSX:REI.UN Stock Report

Last Price

CA$18.45

Market Cap

CA$5.4b

7D

0.7%

1Y

0.4%

Updated

20 Dec, 2024

Data

Company Financials +

RioCan Real Estate Investment Trust

TSX:REI.UN Stock Report

Market Cap: CA$5.4b

REI.UN Stock Overview

RioCan is one of Canada’s largest real estate investment trusts. More details

REI.UN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance3/6
Financial Health0/6
Dividends3/6

Rewards

Trading at 15.2% below our estimate of its fair value

Earnings are forecast to grow 28.27% per year

Earnings grew by 51.9% over the past year

Risk Analysis

Interest payments are not well covered by earnings

Unstable dividend track record

Large one-off items impacting financial results


My Notes

Capture your thoughts, links and company narrative

RioCan Real Estate Investment Trust Competitors

SmartCentres Real Estate Investment Trust

TSX:SRU.UN

CA$4.2b

First Capital Real Estate Investment Trust

TSX:FCR.UN

CA$3.6b

CT Real Estate Investment Trust

TSX:CRT.UN

CA$3.3b

Crombie Real Estate Investment Trust

TSX:CRR.UN

CA$2.4b

Price History & Performance

Summary of share price highs, lows and changes for RioCan Real Estate Investment Trust
Historical stock prices
Current Share PriceCA$18.45
52 Week HighCA$20.83
52 Week LowCA$16.26
Beta1.29
1 Month Change-1.97%
3 Month Change-9.47%
1 Year Change0.38%
3 Year Change-18.58%
5 Year Change-31.59%
Change since IPO163.57%

Recent News & Updates

Recent updates

Shareholder Returns

REI.UNCA Retail REITsCA Market
7D0.7%-1.4%-2.6%
1Y0.4%1.5%15.2%

Return vs Industry: REI.UN underperformed the Canadian Retail REITs industry which returned 1.5% over the past year.

Return vs Market: REI.UN underperformed the Canadian Market which returned 15.2% over the past year.

Price Volatility

Is REI.UN's price volatile compared to industry and market?
REI.UN volatility
REI.UN Average Weekly Movement2.3%
Retail REITs Industry Average Movement2.3%
Market Average Movement8.1%
10% most volatile stocks in CA Market17.3%
10% least volatile stocks in CA Market2.9%

Stable Share Price: REI.UN has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: REI.UN's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1993543Jonathan Gitlinwww.riocan.com

RioCan is one of Canada’s largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan's interest) including office, residential rental and 9 development properties.

RioCan Real Estate Investment Trust Fundamentals Summary

How do RioCan Real Estate Investment Trust's earnings and revenue compare to its market cap?
REI.UN fundamental statistics
Market capCA$5.41b
Earnings (TTM)CA$230.16m
Revenue (TTM)CA$1.26b

24.1x

P/E Ratio

4.4x

P/S Ratio

Is REI.UN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
REI.UN income statement (TTM)
RevenueCA$1.26b
Cost of RevenueCA$458.86m
Gross ProfitCA$802.09m
Other ExpensesCA$571.93m
EarningsCA$230.16m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.77
Gross Margin63.61%
Net Profit Margin18.25%
Debt/Equity Ratio95.7%

How did REI.UN perform over the long term?

See historical performance and comparison

Dividends

6.0%

Current Dividend Yield

62%

Payout Ratio

Does REI.UN pay a reliable dividends?

See REI.UN dividend history and benchmarks
When do you need to buy REI.UN by to receive an upcoming dividend?
RioCan Real Estate Investment Trust dividend dates
Ex Dividend DateDec 31 2024
Dividend Pay DateJan 08 2025
Days until Ex dividend10 days
Days until Dividend pay date18 days

Does REI.UN pay a reliable dividends?

See REI.UN dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 22:52
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

RioCan Real Estate Investment Trust is covered by 17 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kevin ChuAccountability Research Corporation
Michael MarkidisBMO Capital Markets Equity Research
Karine MacIndoeBMO Capital Markets Equity Research