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Reitir fasteignafélag hf ICSE:REITIR Stock Report

Last Price


Market Cap







17 Aug, 2022


Company Financials
REITIR fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance4/6
Financial Health1/6

REITIR Stock Overview

Reitir fasteignafélag hf. engages in the rental of commercial properties in Iceland.

Reitir fasteignafélag hf Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Reitir fasteignafélag hf
Historical stock prices
Current Share PriceKr97.50
52 Week HighKr108.00
52 Week LowKr70.00
1 Month Change5.41%
3 Month Change3.72%
1 Year Change28.29%
3 Year Change29.65%
5 Year Change10.80%
Change since IPO52.82%

Recent News & Updates

Shareholder Returns

REITIRIS Real EstateIS Market

Return vs Industry: REITIR exceeded the IS Real Estate industry which returned -27.8% over the past year.

Return vs Market: REITIR exceeded the IS Market which returned -0.3% over the past year.

Price Volatility

Is REITIR's price volatile compared to industry and market?
REITIR volatility
REITIR Average Weekly Movement3.2%
Real Estate Industry Average Movement5.0%
Market Average Movement3.5%
10% most volatile stocks in IS Market5.4%
10% least volatile stocks in IS Market2.5%

Stable Share Price: REITIR is not significantly more volatile than the rest of IS stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: REITIR's weekly volatility (3%) has been stable over the past year.

About the Company

200821Guðjón Auðunsson

Reitir fasteignafélag hf. engages in the rental of commercial properties in Iceland. The company's property portfolio includes retail, shopping, industrial, office, and hotel real estate properties.

Reitir fasteignafélag hf Fundamentals Summary

How do Reitir fasteignafélag hf's earnings and revenue compare to its market cap?
REITIR fundamental statistics
Market CapKr74.41b
Earnings (TTM)Kr7.96b
Revenue (TTM)Kr12.34b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
REITIR income statement (TTM)
Cost of RevenueKr3.48b
Gross ProfitKr8.86b
Other ExpensesKr901.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 22, 2022

Earnings per share (EPS)10.43
Gross Margin71.83%
Net Profit Margin64.52%
Debt/Equity Ratio159.2%

How did REITIR perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is REITIR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for REITIR?

Other financial metrics that can be useful for relative valuation.

REITIR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue14x
Enterprise Value/EBITDA21.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does REITIR's PE Ratio compare to its peers?

REITIR PE Ratio vs Peers
The above table shows the PE ratio for REITIR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.7x
REGINN Reginn hf
EIK Eik fasteignafélag hf
GAV A Acosta Verde. de
SFAST Stenhus Fastigheter i Norden
REITIR Reitir fasteignafélag hf

Price-To-Earnings vs Peers: REITIR is good value based on its Price-To-Earnings Ratio (9.3x) compared to the peer average (10.7x).

Price to Earnings Ratio vs Industry

How does REITIR's PE Ratio compare vs other companies in the European Real Estate Industry?

Price-To-Earnings vs Industry: REITIR is expensive based on its Price-To-Earnings Ratio (9.3x) compared to the European Real Estate industry average (8.2x)

Price to Earnings Ratio vs Fair Ratio

What is REITIR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

REITIR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate REITIR's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of REITIR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: REITIR (ISK97.5) is trading above our estimate of fair value (ISK65.29)

Significantly Below Fair Value: REITIR is trading above our estimate of fair value.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is Reitir fasteignafélag hf forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Real Estate industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Reitir fasteignafélag hf has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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Past Performance

How has Reitir fasteignafélag hf performed over the past 5 years?

Past Performance Score


Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: REITIR has a large one-off gain of ISK10.0B impacting its March 31 2022 financial results.

Growing Profit Margin: REITIR's current net profit margins (64.5%) are higher than last year (37.7%).

Past Earnings Growth Analysis

Earnings Trend: REITIR's earnings have grown by 10.2% per year over the past 5 years.

Accelerating Growth: REITIR's earnings growth over the past year (100.3%) exceeds its 5-year average (10.2% per year).

Earnings vs Industry: REITIR earnings growth over the past year (100.3%) exceeded the Real Estate industry 44.4%.

Return on Equity

High ROE: REITIR's Return on Equity (13.6%) is considered low.

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Financial Health

How is Reitir fasteignafélag hf's financial position?

Financial Health Score


Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: REITIR's short term assets (ISK2.4B) do not cover its short term liabilities (ISK8.7B).

Long Term Liabilities: REITIR's short term assets (ISK2.4B) do not cover its long term liabilities (ISK106.1B).

Debt to Equity History and Analysis

Debt Level: REITIR's net debt to equity ratio (158.2%) is considered high.

Reducing Debt: REITIR's debt to equity ratio has reduced from 164.6% to 159.2% over the past 5 years.

Debt Coverage: REITIR's debt is not well covered by operating cash flow (4.9%).

Interest Coverage: REITIR's interest payments on its debt are not well covered by EBIT (3x coverage).

Balance Sheet

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What is Reitir fasteignafélag hf current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: REITIR's dividend (1.77%) is higher than the bottom 25% of dividend payers in the IS market (1.64%).

High Dividend: REITIR's dividend (1.77%) is low compared to the top 25% of dividend payers in the IS market (4.9%).

Stability and Growth of Payments

Stable Dividend: REITIR has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: REITIR's dividend payments have increased, but the company has only paid a dividend for 6 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (16.9%), REITIR's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (28.9%), REITIR's dividend payments are well covered by cash flows.

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How experienced are the management team and are they aligned to shareholders interests?


Average board tenure


Guðjón Auðunsson



Mr. Guðjón Auðunsson has been the Chief Executive Officer of Reitir Fasteignafélag hf since September 2010.

Board Members

Experienced Board: REITIR's board of directors are considered experienced (9.6 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Reitir fasteignafélag hf.'s employee growth, exchange listings and data sources

Key Information

  • Name: Reitir fasteignafélag hf.
  • Ticker: REITIR
  • Exchange: ICSE
  • Founded: 2008
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Implied Market Cap: Kr74.406b
  • Shares outstanding: 763.14m
  • Website:

Number of Employees


  • Reitir fasteignafélag hf.
  • Kringlunni 4-12
  • Reykjavik
  • 103
  • Iceland


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/17 00:00
End of Day Share Price2022/08/17 00:00
Annual Earnings2021/12/31

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.