RioCan is one of Canada’s largest real estate investment trusts.
6 star dividend payer and slightly overvalued.
Share Price & News
How has RioCan Real Estate Investment Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: REI.UN has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: REI.UN underperformed the Canadian REITs industry which returned -19.3% over the past year.
Return vs Market: REI.UN underperformed the Canadian Market which returned -1.2% over the past year.
Price Volatility Vs. Market
How volatile is RioCan Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StHow Much Did RioCan Real Estate Investment Trust's(TSE:REI.UN) Shareholders Earn From Share Price Movements Over The Last Year?
3 months ago | Simply Wall StDoes The RioCan Real Estate Investment Trust (TSE:REI.UN) Share Price Tend To Follow The Market?
5 months ago | Simply Wall StDo Institutions Own Shares In RioCan Real Estate Investment Trust (TSE:REI.UN)?
Is RioCan Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: REI.UN (CA$15.67) is trading below our estimate of fair value (CA$18.72)
Significantly Below Fair Value: REI.UN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: REI.UN is poor value based on its PE Ratio (61.2x) compared to the CA REITs industry average (7.6x).
PE vs Market: REI.UN is poor value based on its PE Ratio (61.2x) compared to the Canadian market (15.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate REI.UN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: REI.UN is good value based on its PB Ratio (0.6x) compared to the CA REITs industry average (0.8x).
How is RioCan Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if REI.UN's forecast earnings growth is above the savings rate (1.7%).
Earnings vs Market: Insufficient data to determine if REI.UN's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: REI.UN's revenue is expected to decline over the next 3 years (-8.9% per year).
High Growth Revenue: REI.UN's revenue is forecast to decline over the next 3 years (-8.9% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if REI.UN's Return on Equity is forecast to be high in 3 years time
How has RioCan Real Estate Investment Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: REI.UN has a large one-off loss of CA$414.4M impacting its June 30 2020 financial results.
Growing Profit Margin: REI.UN's current net profit margins (6.4%) are lower than last year (57%).
Past Earnings Growth Analysis
Earnings Trend: REI.UN's earnings have grown by 7.2% per year over the past 5 years.
Accelerating Growth: REI.UN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: REI.UN had negative earnings growth (-88.9%) over the past year, making it difficult to compare to the REITs industry average (24.1%).
Return on Equity
High ROE: REI.UN's Return on Equity (1%) is considered low.
How is RioCan Real Estate Investment Trust's financial position?
Financial Position Analysis
Short Term Liabilities: REI.UN's short term assets (CA$486.3M) do not cover its short term liabilities (CA$1.5B).
Long Term Liabilities: REI.UN's short term assets (CA$486.3M) do not cover its long term liabilities (CA$5.8B).
Debt to Equity History and Analysis
Debt Level: REI.UN's debt to equity ratio (86.8%) is considered high.
Reducing Debt: REI.UN's debt to equity ratio has increased from 84.4% to 86.8% over the past 5 years.
Debt Coverage: REI.UN's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: REI.UN's interest payments on its debt are well covered by EBIT (3.7x coverage).
What is RioCan Real Estate Investment Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: REI.UN's dividend (9.19%) is higher than the bottom 25% of dividend payers in the Canadian market (1.72%).
High Dividend: REI.UN's dividend (9.19%) is in the top 25% of dividend payers in the Canadian market (5.63%)
Stability and Growth of Payments
Stable Dividend: REI.UN's dividends per share have been stable in the past 10 years.
Growing Dividend: REI.UN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (83.2%), REI.UN's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: REI.UN's dividends in 3 years are forecast to be covered by earnings (87.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ed Sonshine (73 yo)
Mr. Edward Sonshine, also known as Ed, O.Ont., Q.C., B.A, LL.B, has been Chairman of Chesswood Group Limited since June 2020. He serves as the Founder, Partner & Chairman of the Board at Awz Ventures Inc. ...
CEO Compensation Analysis
Compensation vs Market: Ed's total compensation ($USD4.67M) is above average for companies of similar size in the Canadian market ($USD3.06M).
Compensation vs Earnings: Ed's compensation has been consistent with company performance over the past year.
|CEO & Trustee||27.58yrs||CA$6.17m||0.14% |
|President & COO||1.42yrs||CA$1.99m||0.022% |
|Senior VP & CFO||3.33yrs||CA$1.49m||0.0042% |
|Senior Vice President of Leasing & Tenant Construction||12.58yrs||CA$1.42m||0.021% |
|Senior Vice President of Asset Management||10.58yrs||CA$1.41m||0.017% |
|Vice President of Investments||2.08yrs||no data||no data|
|Vice President of Investor Relations||0.58yr||no data||no data|
|Senior VP||3yrs||no data||no data|
|Vice President of Corporate Marketing & Communications||2.83yrs||no data||no data|
|Vice President of Human Resources||2yrs||no data||no data|
|Senior Vice President of Operations||1.25yrs||no data||0.00073% |
|Senior Vice President of Development||1.75yrs||no data||0.0013% |
Experienced Management: REI.UN's management team is considered experienced (2.5 years average tenure).
|CEO & Trustee||27.58yrs||CA$6.17m||0.14% |
|Independent Trustee||3.25yrs||CA$211.00k||no data|
|Independent Trustee||11.5yrs||CA$192.00k||0.0070% |
|Independent Chairman of the Board||no data||CA$375.00k||0.054% |
|Independent Trustee||21.17yrs||CA$197.75k||0.037% |
|Independent Trustee||2.25yrs||CA$202.25k||0.0023% |
|Independent Trustee||7.17yrs||CA$183.50k||no data|
|Independent Trustee||5.17yrs||CA$201.00k||0.0064% |
Experienced Board: REI.UN's board of directors are considered experienced (9.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: REI.UN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.2%.
RioCan Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources
- Name: RioCan Real Estate Investment Trust
- Ticker: REI.UN
- Exchange: TSX
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: CA$5.023b
- Shares outstanding: 317.73m
- Website: https://www.riocan.com
Number of Employees
- RioCan Real Estate Investment Trust
- RioCan Yonge Eglinton Centre
- Suite 500
- M4P 1E4
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|REI.UN||TSX (The Toronto Stock Exchange)||Yes||Trust Units||CA||CAD||Jan 1994|
|R7G||DB (Deutsche Boerse AG)||Yes||Trust Units||DE||EUR||Jan 1994|
|RIOC.F||OTCPK (Pink Sheets LLC)||Yes||Trust Units||US||USD||Jan 1994|
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 wh ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/14 00:05|
|End of Day Share Price||2020/08/13 00:00|
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.