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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$20.36
Volume513.12K
Average Volume (3M)989.20K
Market Cap
C$6.11B
Enterprise ValueC$13.23B
Total Cash (Recent Filing)C$50.79M
Total Debt (Recent Filing)C$7.17B
Price to Earnings (P/E)102.9
Beta1.14
Next Earnings
Oct 31, 2024EPS EstimateN/A
Last Dividend Ex-Date
Aug 30, 2024Dividend Yield5.35%
Share Statistics
EPS (TTM)0.20
Shares Outstanding300,500,000
10 Day Avg. Volume1,023,829
30 Day Avg. Volume989,195
Standard Deviation0.08
R-Squared0.61
Alpha-0.00700
Financial Highlights & Ratios
Price to Book (P/B)0.82
Price to Sales (P/S)5.26
Price to Cash Flow (P/CF)21.60
P/FCF Ratio22.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$20.54Price Target Upside0.66% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
RioCan Real Estate Investment News
PremiumCompany Announcements
RioCan’s Q2 Earnings Indicate Strong Market Position
PremiumCompany Announcements
RioCan Announces Trustee Elections and Auditor ApprovalPremiumCompany Announcements
RioCan Completes $300M Debenture Offering
PremiumCompany Announcements
RioCan Launches $300M Debenture Offering
PremiumCompany Announcements
RioCan REIT Reports Strong First Quarter LeasingBulls 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%.
Portfolio PerformanceThe commercial and rental residential portfolios are performing well, and the outlook remains favorable given current demand/supply dynamics.
Bears Say
EarningsFunds from operations (FFO) 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 GuidanceManagement now guides to organic growth of 2-2.5% for 2024, down from ‘~3%’ previously, due to greater time than anticipated to build out space for vacant properties.
Operating PerformanceThough actual operating performance remains healthy, RioCan REIT’s headline same-property NOI was up just 0.3% in the quarter.
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Options Prices
Currently, No data available
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Ownership Overview
0.74% Insiders
4.78% Mutual Funds
11.43% Other Institutional Investors
83.05% 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 Oct 31, 2024 which is in 41 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 5.35%. 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 299,965,060 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 0.339%.
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$20.54 (0.66% Upside)
C$20.54 (0.66% Upside)
Blogger Sentiment
Bullish
TSE:REI.UN Sentiment 100%
Sector Average 68%
Sector Average 68%
Insider Transactions
Sold Shares
Worth $21.5K over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Positive
20 days / 200 days
Momentum
8.61%
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$20.54
▲(0.66% Upside)
Technical Analysis
RioCan Real Estate Investment
―
NexPoint Real Estate ate Finance
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National Retail Properties
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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
+6.77%
reiterated a buy rating 4 days 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 +6.77% per trade.
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