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R&R Real Estate Investment Trust

TSXV:RRR.UN
Snowflake Description

Undervalued with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RRR.UN
TSXV
CA$3M
Market Cap
  1. Home
  2. CA
  3. Real Estate
Company description

R&R Real Estate Investment Trust, an open-ended real estate investment trust, acquires and owns hotel properties located in the United States. The last earnings update was 16 days ago. More info.


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RRR.UN Share Price and Events
7 Day Returns
0%
TSXV:RRR.UN
1.2%
CA REITs
0.1%
CA Market
1 Year Returns
0%
TSXV:RRR.UN
9.9%
CA REITs
-2.8%
CA Market
RRR.UN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
R&R Real Estate Investment Trust (RRR.UN) 0% 0% 0% 0% -10% -
CA REITs 1.2% 0.5% 1.7% 9.9% 10.6% 17.4%
CA Market 0.1% -0.8% -0.3% -2.8% 11.4% 0.8%
1 Year Return vs Industry and Market
  • RRR.UN underperformed the REITs industry which returned 9.9% over the past year.
  • RRR.UN outperformed the Market in Canada which returned -2.8% over the past year.

RRR.UN Value

 Is R&R Real Estate Investment Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of R&R Real Estate Investment Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for R&R Real Estate Investment Trust.

TSXV:RRR.UN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Funds From Operations
Levered Funds From Operations Average of 0 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.9%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSXV:RRR.UN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.491 (1 + (1- 26.5%) (1735.96%))
4.859
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (2 * 5.96%)
13.87%

Discounted Cash Flow Calculation for TSXV:RRR.UN using 2 Stage Free Cash Flow to Equity using Funds From Operations Model

The calculations below outline how an intrinsic value for R&R Real Estate Investment Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

R&R Real Estate Investment Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

TSXV:RRR.UN DCF 1st Stage: Next 10 year cash flow forecast
Funds From Operations (FFO) (USD, Millions) Source Present Value
Discounted (@ 13.87%)
2019 3.52 Est @ 4.19% 3.09
2020 3.64 Est @ 3.51% 2.81
2021 3.75 Est @ 3.04% 2.54
2022 3.85 Est @ 2.72% 2.29
2023 3.95 Est @ 2.48% 2.06
2024 4.04 Est @ 2.32% 1.85
2025 4.13 Est @ 2.21% 1.66
2026 4.22 Est @ 2.13% 1.49
2027 4.30 Est @ 2.08% 1.34
2028 4.39 Est @ 2.04% 1.20
Present value of next 10 years cash flows $20.33
TSXV:RRR.UN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $4.39 × (1 + 1.95%) ÷ (13.87% – 1.95%)
$37.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $37.56 ÷ (1 + 13.87%)10
$10.25
TSXV:RRR.UN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $20.33 + $10.25
$30.58
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $30.58 / 33.30
$0.92
TSXV:RRR.UN Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSXV:RRR.UN)
1.328
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $0.92 x 1.328
CA$1.22
Value per share (CAD) From above. CA$1.22
Current discount Discount to share price of CA$0.09
= -1 x (CA$0.09 - CA$1.22) / CA$1.22
92.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price R&R Real Estate Investment Trust is available for.
Intrinsic value
>50%
Share price is CA$0.09 vs Future cash flow value of CA$1.22
Current Discount Checks
For R&R Real Estate Investment Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • R&R Real Estate Investment Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • R&R Real Estate Investment Trust's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for R&R Real Estate Investment Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are R&R Real Estate Investment Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:RRR.UN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.08
TSXV:RRR.UN Share Price ** TSXV (2019-03-15) in CAD CA$0.09
TSXV:RRR.UN Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.753 $0.07
Canada REITs Industry PE Ratio Median Figure of 40 Publicly-Listed REITs Companies 9.9x
Canada Market PE Ratio Median Figure of 545 Publicly-Listed Companies 14.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of R&R Real Estate Investment Trust.

TSXV:RRR.UN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:RRR.UN Share Price ÷ EPS (both in USD)

= 0.07 ÷ 0.08

0.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • R&R Real Estate Investment Trust is good value based on earnings compared to the CA REITs industry average.
  • R&R Real Estate Investment Trust is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does R&R Real Estate Investment Trust's expected growth come at a high price?
Raw Data
TSXV:RRR.UN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
2.3%per year
North America REITs Industry PEG Ratio Median Figure of 144 Publicly-Listed REITs Companies 2.24x
Canada Market PEG Ratio Median Figure of 247 Publicly-Listed Companies 1.13x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for R&R Real Estate Investment Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on R&R Real Estate Investment Trust's assets?
Raw Data
TSXV:RRR.UN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $0.50
TSXV:RRR.UN Share Price * TSXV (2019-03-15) in CAD CA$0.09
TSXV:RRR.UN Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.753 $0.07
Canada REITs Industry PB Ratio Median Figure of 46 Publicly-Listed REITs Companies 0.96x
Canada Market PB Ratio Median Figure of 2,421 Publicly-Listed Companies 1.42x
TSXV:RRR.UN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:RRR.UN Share Price ÷ Book Value per Share (both in USD)

= 0.07 ÷ 0.50

0.14x

* Primary Listing of R&R Real Estate Investment Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • R&R Real Estate Investment Trust is good value based on assets compared to the CA REITs industry average.
X
Value checks
We assess R&R Real Estate Investment Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. R&R Real Estate Investment Trust has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

RRR.UN Future Performance

 How is R&R Real Estate Investment Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover R&R Real Estate Investment Trust, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is R&R Real Estate Investment Trust expected to grow at an attractive rate?
  • R&R Real Estate Investment Trust's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • R&R Real Estate Investment Trust's earnings growth is positive but not above the Canada market average.
  • Unable to compare R&R Real Estate Investment Trust's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:RRR.UN Future Growth Rates Data Sources
Data Point Source Value (per year)
TSXV:RRR.UN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 2.3%
Canada REITs Industry Earnings Growth Rate Market Cap Weighted Average 10%
Canada REITs Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:RRR.UN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:RRR.UN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 17 4 3
2018-12-31 16 3 5
2018-09-30 14 4 2
2018-06-30 10 2 1
2018-03-31 7 1 0
2017-12-31 5 1 -2
2017-09-30 3 -1 0
2017-06-30 3 0 0
2017-03-31 3 0 -2
2016-12-31 3 1 -1
2016-09-30 3 1 9
2016-06-30 3 1 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • R&R Real Estate Investment Trust's earnings are expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if R&R Real Estate Investment Trust is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:RRR.UN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from R&R Real Estate Investment Trust Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:RRR.UN Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.08
2018-12-31 0.16
2018-09-30 0.08
2018-06-30 0.05
2018-03-31 0.01
2017-12-31 -0.05
2017-09-30 0.00
2017-06-30 -0.01
2017-03-31 -0.08
2016-12-31 -0.03
2016-09-30 0.41
2016-06-30 0.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if R&R Real Estate Investment Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess R&R Real Estate Investment Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
R&R Real Estate Investment Trust has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

RRR.UN Past Performance

  How has R&R Real Estate Investment Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare R&R Real Estate Investment Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • R&R Real Estate Investment Trust has delivered over 20% year on year earnings growth in the past 5 years.
  • R&R Real Estate Investment Trust's 1-year earnings growth exceeds its 5-year average (1171.2% vs 47.5%)
  • R&R Real Estate Investment Trust's earnings growth has exceeded the CA REITs industry average in the past year (1171.2% vs 12.6%).
Earnings and Revenue History
R&R Real Estate Investment Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from R&R Real Estate Investment Trust Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:RRR.UN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 17.11 2.59 0.34
2018-12-31 15.52 5.20 0.31
2018-09-30 13.55 2.44 0.26
2018-06-30 9.95 1.45 0.23
2018-03-31 7.13 0.20 0.23
2017-12-31 4.67 -1.51 0.22
2017-09-30 2.65 -0.04 0.27
2017-06-30 2.66 -0.45 0.27
2017-03-31 2.66 -2.25 0.27
2016-12-31 2.65 -0.83 0.26
2016-09-30 2.71 9.11 0.22
2016-06-30 2.68 2.07 0.24
2016-03-31 2.68 2.73 0.23
2015-12-31 2.72 3.10 0.24
2015-09-30 2.68 -4.58 0.20
2015-06-30 2.70 -3.12 0.20
2015-03-31 2.68 -3.13 0.14
2014-12-31 2.58 -4.22 0.10
2014-09-30 2.48 -5.33 0.06
2013-12-31 2.26 0.28

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • R&R Real Estate Investment Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • R&R Real Estate Investment Trust used its assets more efficiently than the CA REITs industry average last year based on Return on Assets.
  • R&R Real Estate Investment Trust has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess R&R Real Estate Investment Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
R&R Real Estate Investment Trust has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

RRR.UN Health

 How is R&R Real Estate Investment Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up R&R Real Estate Investment Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • R&R Real Estate Investment Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • R&R Real Estate Investment Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of R&R Real Estate Investment Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from R&R Real Estate Investment Trust Company Filings, last reported 2 months ago.

TSXV:RRR.UN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 16.55 39.17 7.52
2018-12-31 18.11 39.21 7.12
2018-09-30 17.90 39.31 6.84
2018-06-30 10.51 22.25 9.24
2018-03-31 7.97 27.61 6.33
2017-12-31 6.93 27.66 6.04
2017-09-30 4.10 5.15 7.36
2017-06-30 3.62 5.17 7.44
2017-03-31 2.33 5.23 8.11
2016-12-31 3.01 0.04 3.25
2016-09-30 4.10 0.05 3.06
2016-06-30 3.21 0.00 3.00
2016-03-31 3.73 0.00 2.99
2015-12-31 2.98 0.00 2.69
2015-09-30 -5.87 0.00 2.59
2015-06-30 1.10 0.00 2.58
2015-03-31 0.96 0.00 2.38
2014-12-31 -0.16 0.01 2.41
2014-09-30 -1.28 0.01 2.62
2013-12-31 4.82 0.01 0.00
  • R&R Real Estate Investment Trust's level of debt (236.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.4% vs 236.8% today).
  • Debt is not well covered by operating cash flow (9.3%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess R&R Real Estate Investment Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. R&R Real Estate Investment Trust has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

RRR.UN Dividends

 What is R&R Real Estate Investment Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from R&R Real Estate Investment Trust dividends.
If you bought CA$2,000 of R&R Real Estate Investment Trust shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate R&R Real Estate Investment Trust's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate R&R Real Estate Investment Trust's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:RRR.UN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada REITs Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 5%
Canada Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as R&R Real Estate Investment Trust has not reported any payouts.
  • Unable to verify if R&R Real Estate Investment Trust's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of R&R Real Estate Investment Trust's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as R&R Real Estate Investment Trust has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess R&R Real Estate Investment Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can R&R Real Estate Investment Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. R&R Real Estate Investment Trust has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

RRR.UN Management

 What is the CEO of R&R Real Estate Investment Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michael Klingher
COMPENSATION $150,000
AGE 62
CEO Bio

Mr. Michael Klingher serves as the Chief Executive Officer and President of R&R Real Estate Investment Trust (Former Name: Westcap Investments Corp). Mr. Klingher has been a Senior Managing Director of Westmont since April 2006, where he is responsible for acquisitions, dispositions, operations and overall strategic initiatives. He has more than 25 years of experience in the real estate industry primarily as both an investment banker and as a Managing Director in the Real Estate Principal Investment Area at Goldman Sachs from September 1985 to April 2006. During his final two years at Goldman Sachs, he served as Managing Director in the Special Situations Group, Goldman Sachs' internal hedge fund, where he was responsible for investing throughout the capital structure in a variety of asset classes including real estate, aircraft and specialty finance companies. Mr. Klingher holds a Bachelor of Arts degree from Wesleyan University in Connecticut, where he served on the board of trustees from 2006 to 2009 and holds a Juris Doctorate and Master of Business Administration from Harvard University.

CEO Compensation
  • Michael's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Michael's remuneration is about average for companies of similar size in Canada.
Management Team

Majid Mangalji

TITLE
Executive Chairman
AGE
64

Michael Klingher

TITLE
CEO & President
COMPENSATION
$150K
AGE
62

Bob Choo

TITLE
CFO & Corporate Secretary
COMPENSATION
$125K
TENURE
3.8 yrs
Board of Directors

Majid Mangalji

TITLE
Executive Chairman
AGE
64

Derek Dermott

TITLE
Lead Trustee
COMPENSATION
$29K
AGE
45

Graham Blyth

TITLE
Independent Trustee
COMPENSATION
$28K
AGE
64
TENURE
4.9 yrs

Irfan Lakha

TITLE
COMPENSATION
$17K
AGE
40
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess R&R Real Estate Investment Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. R&R Real Estate Investment Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

RRR.UN News

Simply Wall St News

Is R&R Real Estate Investment Trust (CVE:RRR.UN) A Healthy REIT?

R&R Real Estate Investment Trust is a CA$16m. … real estate investment trust (REIT) based in Mississauga, Canada. … REITs are basically a portfolio of income-producing real estate investments, which are owned and operated by management of that trust company.

Simply Wall St -

How Did R&R Real Estate Investment Trust's (CVE:RRR.UN) 2.56% ROE Fare Against The Industry?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want a simplistic look at the return on R&R Real Estate Investment Trust (CVE:RRR.UN) stock. … R&R Real Estate Investment Trust (CVE:RRR.UN) generated a below-average return on equity of 2.56% in the past 12 months, while its industry returned 11.13%.

Simply Wall St -

R&R Real Estate Investment Trust (TSXV:RRRUN): Is Now The Time To Bet On Real Estate?

R&R Real Estate Investment Trust (TSXV:RRR.UN), a CADCA$11.54M small-cap, operates in the real estate industry which is the most prevalent industry in the global economy, and as an asset class, it has continued to play a crucial role in the portfolios of various investors. … A real estate investment trust (REIT) is a collective vehicle for investing in real estate that originated in the US and has since been taken on board globally. … If your initial investment thesis is around the growth prospects of RRR.UN, there are other REIT companies that have delivered higher growth, and perhaps trading at a discount to the industry average.

Simply Wall St -

RRR.UN Company Info

Description

R&R Real Estate Investment Trust, an open-ended real estate investment trust, acquires and owns hotel properties located in the United States. Its hotel properties include the Red Roof Inn hotel located at Anne Arundel County, Maryland. The company is based in Mississauga, Canada.

Details
Name: R&R Real Estate Investment Trust
RRR.UN
Exchange: TSXV
Founded:
CA$2,997,339
33,303,768
Website: http://
Address: R&R Real Estate Investment Trust
5090 Explorer Drive,
Suite 700,
Mississauga,
Ontario, L4W 4T9,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV RRR.UN Units TSX Venture Exchange CA CAD 12. Feb 2014
Number of employees
Current staff
Staff numbers
0
R&R Real Estate Investment Trust employees.
Industry
Hotel and Resort REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/13 00:42
End of day share price update: 2019/03/15 00:00
Last earnings filing: 2019/05/28
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.