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RioCan Real Estate Investment Trust (RIOCF)
OTHER OTC:RIOCF
Holding RIOCF?
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RIOCF Stock Chart & Stats
Day’s Range― - ―
52-Week Range$11.43 - $15.40
Previous CloseN/A
Volume1.66K
Average Volume (3M)67.11K
Market Cap
$3.82B
Enterprise Value$13.30B
Total Cash (Recent Filing)$54.37M
Total Debt (Recent Filing)$5.02B
Price to Earnings (P/E)22.8
Beta0.84
Next Earnings
Feb 18, 2025EPS EstimateN/A
Next Dividend Ex-Date
Jan 31, 2025Dividend Yield6.3%
Share Statistics
EPS (TTM)0.56
Shares Outstanding299,969,500
10 Day Avg. Volume69,221
30 Day Avg. Volume67,107
Standard Deviation0.09
R-Squared0.45
Alpha-0.01
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)4.69
Price to Cash Flow (P/CF)16.10
P/FCF Ratio15.00
Enterprise Value/Market Cap3.48
Enterprise Value/Revenue11.26
Enterprise Value/Gross Profit11.83
Enterprise Value/Ebitda26.51
Forecast
1Y Price Target
$14.87Price Target Upside17.64% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
RioCan Real Estate Investment News
PremiumCompany Announcements
RioCan’s Strong Retail Leasing Boosts Earnings
PremiumCompany Announcements
RioCan Reports Strong Results with Record Occupancy
PremiumCompany Announcements
RioCan Completes Major $700 Million Debenture IssuanceBulls Say, Bears Say
Bulls Say
Financial RatingThe target price is set at $20.00, and RioCan REIT continues to be rated a BUY.
Leasing ActivityLeasing activity in the quarter comprised 665,000 sf of renewals at leasing spreads of 10.7% and 489,000 sf of new leases, totaling 1.2 million sf, leading to an improvement in occupancy to 97.5%.
Portfolio PerformanceThe commercial and rental residential portfolios are performing well, and the outlook remains favorable given current demand/supply dynamics.
Bears Say
EarningsRioCan REIT’s headline same-property NOI was up just 0.3% in the quarter, indicating a soft operating performance despite healthy operating fundamentals.
Financial PerformanceFunds from operations per unit of $0.43 saw a year-over-year decrease of 2.3%, driven by greater interest expense from refinancing debt maturities at higher interest rates.
Growth ForecastManagement now guides to organic growth of 2-2.5% for 2024, down from approximately 3% previously, due to greater time than anticipated to build out space for vacant properties.
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Options Prices
Currently, No data available
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Ownership Overview
0.34% Insiders
3.46% Mutual Funds
<0.01% Other Institutional Investors
84.25% Public Companies and
Individual Investors
RIOCF FAQ
What was RioCan Real Estate Investment Trust’s price range in the past 12 months?
RioCan Real Estate Investment Trust lowest stock price was $11.43 and its highest was $15.39 in the past 12 months.
What is RioCan Real Estate Investment Trust’s market cap?
RioCan Real Estate Investment Trust’s market cap is $3.82B.
When is RioCan Real Estate Investment Trust’s upcoming earnings report date?
RioCan Real Estate Investment Trust’s upcoming earnings report date is Feb 18, 2025 which is in 27 days.
How were RioCan Real Estate Investment Trust’s earnings last quarter?
RioCan Real Estate Investment Trust released its earnings results on Nov 11, 2024. The company reported $0.224 earnings per share for the quarter, beating the consensus estimate of N/A by $0.224.
Is RioCan Real Estate Investment Trust overvalued?
According to Wall Street analysts RioCan Real Estate Investment Trust’s price is currently Undervalued.
Does RioCan Real Estate Investment Trust pay dividends?
RioCan Real Estate Investment Trust pays a Monthly dividend of $0.064 which represents an annual dividend yield of 6.3%. See more information on RioCan Real Estate Investment Trust dividends here
What is RioCan Real Estate Investment Trust’s EPS estimate?
RioCan Real Estate Investment Trust’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does RioCan Real Estate Investment Trust have?
RioCan Real Estate Investment Trust has 299,969,500 shares outstanding.
What happened to RioCan Real Estate Investment Trust’s price movement after its last earnings report?
RioCan Real Estate Investment Trust reported an EPS of $0.224 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went down -0.741%.
Which hedge fund is a major shareholder of RioCan Real Estate Investment Trust?
Currently, no hedge funds are holding shares in RIOCF
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RioCan Real Estate Investment Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$14.87 (17.64% Upside)
$14.87 (17.64% Upside)
Blogger Sentiment
Bullish
RIOCF Sentiment 100%
Sector Average 69%
Sector Average 69%
Insider Transactions
Sold Shares
Worth $78.0K over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Negative
20 days / 200 days
Momentum
-1.81%
12-Months-Change
Fundamentals
Return on Equity
3.02%
Trailing 12-Months
Asset Growth
1.39%
Trailing 12-Months
Company Description
RioCan Real Estate Investment Trust
RioCan Real Estate Investment Trust engages in owning, development, management, and operation of shopping centers. Its property portfolio includes grocery anchored, new format retail, urban retail, mixed-use and non-grocery anchored centers. The company was founded by Edward Sonshine on July 10, 1981 and is headquartered in Toronto, Canada.
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RIOCF Company Deck
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RIOCF Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call highlighted strong leasing activity and high occupancy rates, alongside successful financial management and sustainability achievements. However, it also addressed challenges such as temporary vacancies impacting NOI growth and workforce restructuring. The overall sentiment is balanced with positive long-term growth prospects but immediate operational challenges.Read More>---
RIOCF Stock 12 Month Forecast
Average Price Target
$14.87
▲(17.64% Upside)
Technical Analysis
Realty Income
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Brixmor Property
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Kimco Realty
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Federal Realty
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W. P. Carey Inc.
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National Retail Properties
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Best Analysts Covering RIOCF
1 Year
1 Year Success Rate
18/29 ratings generated profit
1 Year Average Return
+3.45%
reiterated a buy rating last month
Copying Mark Rothschild's trades and holding each position for 1 Year would result in 62.07% of your transactions generating a profit, with an average return of +3.45% per trade.
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