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RioCan Real Estate Investment Trust (RIOCF)
OTHER OTC:RIOCF
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.3Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: 3.16%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
RioCan demonstrated strong operational and financial performance in 2024 with record-breaking results, strategic growth, and positive leasing spreads. While there are challenges in the condo market and interest expenses, the trust's strong leasing activity and market position reflect a positive outlook for 2025.Company Guidance
During the RioCan Real Estate Investment Trust Fourth Quarter 2024 conference call, CEO Jonathan Gitlin outlined the Trust's strong performance and strategic achievements. Key metrics included a committed retail occupancy rate of 98.7% and a blended leasing spread of 18.7%, with approximately 4.8 million square feet of leases finalized, and new leases averaging $26.17 per square foot, 17% above the Trust's average net rent. The Trust's net debt to EBITDA was reduced to within the target range of 8 to 9x. RioCan also achieved an ESG rating upgrade to AA from MSCI and reported 5.1% same-property NOI growth for its residential rental operations. The Trust announced a 4.3% increase in distribution payout, with 2025 FFO expected to range between $1.89 and $1.92, and commercial same-property NOI growth projected at approximately 3.5%. The call highlighted RioCan's strategic leasing activities, high occupancy levels, and strong tenant mix, positioning it well for sustained growth despite potential economic uncertainties.Record-Breaking Operational Results
RioCan achieved record operational results in 2024, with committed retail occupancy of 98.7% and a blended leasing spread of 18.7% for the year. They finalized approximately 4.8 million square feet of leases, including 1.5 million square feet of new leases.
Strong Financial Metrics
FFO adjusted per unit was $1.81, despite $7.9 million of restructuring costs. They maintained a payout ratio around 60% and increased annual distributions by 4.3%.
ESG and Employee Engagement
Received an ESG rating upgrade to AA from MSCI and recorded top decile performance for employee engagement for the third consecutive year.
RioCan Living Achievements
RioCan Living assets valued over $930 million, with residential rental operations delivering 5.1% same-property NOI growth in 2024.
Strong Leasing and Market Position
Achieved low to mid-teen blended leasing spreads, with high confidence in maintaining strong SPNOI growth supported by contractual rent increases and full-year in-place occupancy effects in 2025.
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RIOCF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RIOCF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 18, 2025 | $13.31 | $13.74 | +3.23% |
| Nov 11, 2024 | $13.44 | $13.34 | -0.74% |
| Aug 08, 2024 | $12.40 | $12.35 | -0.40% |
| May 07, 2024 | $12.35 | $12.15 | -1.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does RioCan Real Estate Investment Trust (RIOCF) report earnings?
RioCan Real Estate Investment Trust (RIOCF) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is RioCan Real Estate Investment Trust (RIOCF) earnings time?
RioCan Real Estate Investment Trust (RIOCF) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RIOCF EPS forecast?
Currently, no data Available
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