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RioCan Real Estate Investment Trust (TSE:REI.UN)
TSX:REI.UN
RESEARCH TOOLSreports
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REI.UN Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$16.26 - C$20.83
Previous CloseC$19.33
Volume663.67K
Average Volume (3M)974.14K
Market Cap
C$5.80B
Enterprise ValueC$12.92B
Total Cash (Recent Filing)C$50.79M
Total Debt (Recent Filing)C$7.17B
Price to Earnings (P/E)97.2
Beta1.12
Next Earnings
Nov 11, 2024EPS EstimateN/A
Last Dividend Ex-Date
Oct 31, 2024Dividend Yield5.81%
Share Statistics
EPS (TTM)0.20
Shares Outstanding300,500,000
10 Day Avg. Volume458,329
30 Day Avg. Volume974,142
Standard Deviation0.08
R-Squared0.61
Alpha-0.00580
Financial Highlights & Ratios
Price to Book (P/B)0.77
Price to Sales (P/S)4.99
Price to Cash Flow (P/CF)20.50
P/FCF Ratio21.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$20.88Price Target Upside8.02% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
RioCan Real Estate Investment News
PremiumCompany Announcements
RioCan Completes Major $700 Million Debenture Issuance
PremiumCompany Announcements
RioCan Launches $700 Million Debenture Offering
PremiumCompany Announcements
RioCan REIT to Redeem $300M Debentures Early
PremiumCompany Announcements
RioCan’s Q2 Earnings Indicate Strong Market PositionPremiumCompany Announcements
RioCan Announces Trustee Elections and Auditor ApprovalPremiumCompany Announcements
RioCan Completes $300M Debenture Offering
PremiumCompany Announcements
RioCan Launches $300M Debenture OfferingBulls Say, Bears Say
Bulls Say
Financial PerformanceResidential inventory sales related to a development property in Calgary combined with condo and townhouse sales boosted funds from operations (FFO) per unit by $0.04.
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, totalling 1.2 million sf, leading to an improvement in occupancy to 97.5%.
Stock RatingThe target price is set at $20.00, and RioCan REIT continues to be rated a BUY.
Bears Say
Growth OutlookManagement has lowered its guidance for organic growth to 2-2.5%, down from approximately 3%, due to delays in preparing vacant properties for use.
Interest ExpenseFunds from operations per unit decreased by 2.3% due to higher interest expenses from refinancing debt at elevated interest rates.
Operating PerformanceDespite a healthy overall operating performance, the same-property net operating income increased by only 0.3%.
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Options Prices
Currently, No data available
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Ownership Overview
0.36% Insiders
3.37% Mutual Funds
<0.01% Other Institutional Investors
84.68% Public Companies and
Individual Investors
REI.UN 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 C$16.26 and its highest was C$20.83 in the past 12 months.
What is RioCan Real Estate Investment Trust’s market cap?
Currently, no data Available
When is RioCan Real Estate Investment Trust’s upcoming earnings report date?
RioCan Real Estate Investment Trust’s upcoming earnings report date is Nov 11, 2024 which is in 7 days.
How were RioCan Real Estate Investment Trust’s earnings last quarter?
RioCan Real Estate Investment Trust released its earnings results on Aug 08, 2024. The company reported C$0.407 earnings per share for the quarter, beating the consensus estimate of N/A by C$0.407.
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 C$0.09 which represents an annual dividend yield of 5.81%. 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 299,967,200 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 C$0.407 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 0.341%.
Which hedge fund is a major shareholder of RioCan Real Estate Investment Trust?
Currently, no hedge funds are holding shares in TSE:REI.UN
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RioCan Real Estate Investment Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
C$20.88 (8.02% Upside)
C$20.88 (8.02% Upside)
Blogger Sentiment
Bullish
TSE:REI.UN Sentiment 100%
Sector Average 71%
Sector Average 71%
Insider Transactions
Sold Shares
Worth $21.1K over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Positive
20 days / 200 days
Momentum
22.43%
12-Months-Change
Fundamentals
Return on Equity
0.76%
Trailing 12-Months
Asset Growth
-5.17%
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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REI.UN Company Deck
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REI.UN Earnings Call
Q2 2024
0:00 / 0:00
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REI.UN Stock 12 Month Forecast
Average Price Target
C$20.88
▲(8.02% Upside)
Technical Analysis
RioCan Real Estate Investment
―
NexPoint Real Estate ate Finance
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Brixmor Property
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Kimco Realty
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Federal Realty
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Best Analysts Covering REI.UN
1 Year
1 Year Success Rate
20/28 ratings generated profit
1 Year Average Return
+5.63%
reiterated a buy rating 2 months ago
Copying Mark Rothschild's trades and holding each position for 1 Year would result in 71.43% of your transactions generating a profit, with an average return of +5.63% per trade.
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