REI.UN Stock Overview
RioCan is one of Canada’s largest real estate investment trusts.
RioCan Real Estate Investment Trust Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$22.81|
|52 Week High||CA$23.22|
|52 Week Low||CA$16.90|
|1 Month Change||1.33%|
|3 Month Change||0.80%|
|1 Year Change||30.49%|
|3 Year Change||-7.69%|
|5 Year Change||-12.91%|
|Change since IPO||225.86%|
Recent News & Updates
|REI.UN||CA REITs||CA Market|
Return vs Industry: REI.UN exceeded the Canadian REITs industry which returned 22.1% over the past year.
Return vs Market: REI.UN exceeded the Canadian Market which returned 19.1% over the past year.
|REI.UN Average Weekly Movement||2.3%|
|REITs Industry Average Movement||2.6%|
|Market Average Movement||9.7%|
|10% most volatile stocks in CA Market||17.6%|
|10% least volatile stocks in CA Market||3.7%|
Stable Share Price: REI.UN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: REI.UN's weekly volatility (2%) has been stable over the past year.
About the Company
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 September 30, 2020, our portfolio is comprised of 221 properties with an aggregate net leasable area of approximately 38.4 million square feet (at RioCan's interest) including office, residential rental and 16 development properties.
RioCan Real Estate Investment Trust Fundamentals Summary
|REI.UN fundamental statistics|
Is REI.UN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|REI.UN income statement (TTM)|
|Cost of Revenue||CA$441.11m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 09, 2022
|Earnings per share (EPS)||1.45|
|Net Profit Margin||39.43%|
How did REI.UN perform over the long term?See historical performance and comparison
4.2%Current Dividend Yield
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$22.81) is trading below our estimate of fair value (CA$35.42)
Significantly Below Fair Value: REI.UN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: REI.UN is poor value based on its PE Ratio (15.8x) compared to the Canadian REITs industry average (9x).
PE vs Market: REI.UN is poor value based on its PE Ratio (15.8x) compared to the Canadian market (13.1x).
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 (0.9x) compared to the CA REITs industry average (1x).
How is RioCan Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
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 (1.6%).
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 (0.5% per year) is forecast to grow slower than the Canadian market (5.5% per year).
High Growth Revenue: REI.UN's revenue (0.5% per year) is forecast to grow slower than 20% 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 high quality earnings.
Growing Profit Margin: REI.UN's current net profit margins (39.4%) are higher than last year (1.7%).
Past Earnings Growth Analysis
Earnings Trend: REI.UN's earnings have declined by 21.7% per year over the past 5 years.
Accelerating Growth: REI.UN's earnings growth over the past year (2131.8%) exceeds its 5-year average (-21.7% per year).
Earnings vs Industry: REI.UN earnings growth over the past year (2131.8%) exceeded the REITs industry 32.1%.
Return on Equity
High ROE: REI.UN's Return on Equity (5.7%) 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$786.8M) do not cover its short term liabilities (CA$968.7M).
Long Term Liabilities: REI.UN's short term assets (CA$786.8M) do not cover its long term liabilities (CA$6.4B).
Debt to Equity History and Analysis
Debt Level: REI.UN's net debt to equity ratio (84%) is considered high.
Reducing Debt: REI.UN's debt to equity ratio has increased from 70.8% to 85.3% over the past 5 years.
Debt Coverage: REI.UN's debt is not well covered by operating cash flow (7.4%).
Interest Coverage: REI.UN's interest payments on its debt are well covered by EBIT (3.8x coverage).
What is RioCan Real Estate Investment Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: REI.UN's dividend (4.21%) is higher than the bottom 25% of dividend payers in the Canadian market (1.59%).
High Dividend: REI.UN's dividend (4.21%) is low compared to the top 25% of dividend payers in the Canadian market (4.6%).
Stability and Growth of Payments
Stable Dividend: REI.UN's dividend payments have been volatile in the past 10 years.
Growing Dividend: REI.UN's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (73.4%), REI.UN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: REI.UN's dividends in 3 years are forecast to be covered by earnings (61.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jonathan Gitlin (48 yo)
Mr. Jonathan Gitlin serves as Chief Executive Officer and Additional Trustee at RioCan Real Estate Investment Trust since April 1, 2021. Mr. Gitlin served as the Chief Operating Officer of Riocan Real Esta...
CEO Compensation Analysis
Compensation vs Market: Jonathan's total compensation ($USD1.89M) is below average for companies of similar size in the Canadian market ($USD3.52M).
Compensation vs Earnings: Jonathan's compensation has been consistent with company performance over the past year.
Experienced Management: REI.UN's management team is considered experienced (2.7 years average tenure).
Experienced Board: REI.UN's board of directors are considered experienced (6.6 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 not been meaningfully diluted in the past year.
RioCan Real Estate Investment Trust's employee growth, exchange listings and data sources
- Name: RioCan Real Estate Investment Trust
- Ticker: REI.UN
- Exchange: TSX
- Founded: NaN
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: CA$7.173b
- Shares outstanding: 314.45m
- Website: https://www.riocan.com
Number of Employees
- RioCan Real Estate Investment Trust
- RioCan Yonge Eglinton Centre
- Suite 500
- M4P 1E4
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/18 01:08|
|End of Day Share Price||2022/01/17 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.