RFA Financial (RFA) AI Stock Analysis

• Market Cap: C$1.23B
• Dividend Yield: 7.28%
• Average Volume (3M): 405.43K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.69
• Revenue Growth: -20.06%
• EPS Growth: 19.27%
• Country: CA
• Employees: 143
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Diversified
• EPS (TTM): N/A
• Shares Outstanding: 46,605,484
• 10 Day Avg. Volume: 290,415
• 30 Day Avg. Volume: 405,433
• PEG Ratio: 0.20
• Price to Book (P/B): 0.49
• Price to Sales (P/S): 2.57
• P/FCF Ratio: 9.70
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): C$238.40M

• Rating: 63 Neutral
• Price Target: C$9.50 ▲(27.86% Upside)
• Action: Reiterated Date: 12/18/25
• Date: Action: Reiterated 12/18/25

The overall stock score of 63 reflects a mixed outlook. The most significant factor is the strong technical analysis, indicating bullish momentum. However, financial performance is challenged by declining revenue and profitability, partially offset by strong cash flow generation. The valuation is moderate, with a negative P/E ratio but a high dividend yield.

Positive Factors

Diversified commercial portfolio

A diversified mix across retail, office and industrial and operations in Canada and the U.S. reduces exposure to a single market cycle. That geographic and sector spread supports more stable rental cash flows, lowers portfolio volatility, and enables cross-market capital allocation and redevelopment opportunities over the medium term.

Negative Factors

Declining revenue trend

Sustained negative revenue growth erodes the landlord income base that drives NOI and distributions. Over months this trend pressures leasing economics, forces more aggressive tenant retention or repricing, and can limit the cash available for maintenance, redevelopment, or deleveraging unless leasing demand and rent resets improve.

RFA Financial Business Overview & Revenue Model

Company Description

Artis is a diversified Canadian real estate investment trust investing in industrial and office properties in Canada and the United States. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of comme...

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Artis is a diversified Canadian real estate investment trust investing in industrial and office properties in Canada and the United States. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of comme...

How the Company Makes Money

Artis Real Estate Investment generates revenue primarily through the leasing of its commercial properties, which provides a steady stream of rental income. The company earns money from long-term leases with tenants in its retail, office, and indus...

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Artis Real Estate Investment generates revenue primarily through the leasing of its commercial properties, which provides a steady stream of rental income. The company earns money from long-term leases with tenants in its retail, office, and indus...

RFA Financial Financial Statement Overview

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	249.75M	300.37M	335.84M	372.51M	419.50M	458.92M
Gross Profit	129.30M	163.23M	184.02M	209.98M	237.78M	269.27M
EBITDA	4.36M	53.88M	-217.19M	294.89M	232.92M	265.09M
Net Income	-75.08M	-47.41M	-332.07M	-5.29M	389.18M	21.54M
Balance Sheet
Total Assets	2.60B	2.80B	3.74B	4.55B	4.58B	4.86B
Cash, Cash Equivalents and Short-Term Investments	64.16M	32.79M	28.94M	29.17M	221.47M	34.70M
Total Debt	1.11B	1.13B	1.91B	2.21B	1.97B	2.40B
Total Liabilities	1.19B	1.22B	2.02B	2.32B	2.12B	2.53B
Stockholders Equity	1.41B	1.58B	1.72B	2.23B	2.46B	2.33B
Cash Flow
Free Cash Flow	109.96M	79.73M	79.59M	140.72M	202.28M	176.31M
Operating Cash Flow	109.96M	80.14M	79.96M	140.74M	202.29M	176.33M
Investing Cash Flow	58.51M	652.11M	298.39M	-288.99M	607.47M	165.96M
Financing Cash Flow	-158.09M	-730.44M	-378.19M	-46.57M	-622.97M	-350.00M

RFA Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.43
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RFA, the sentiment is Positive. The current price of 7.43 is below the 20-day moving average (MA) of 21.61, below the 50-day MA of 23.40, and below the 200-day MA of 20.00, indicating a bullish trend. The MACD of 0.74 indicates Negative momentum. The RSI at 70.06 is Negative, neither overbought nor oversold. The STOCH value of 94.76 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:RFA.

RFA Financial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CRT.UN	73 Outperform	C$4.12B	5.06	18.40%	5.74%	4.11%	35.99%
FCR.UN	73 Outperform	C$4.43B	3.77	25.30%	4.71%	-0.83%	-28.93%
MRG.UN	70 Outperform	C$894.55M	8.80	5.16%	4.41%	3.83%	63.32%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
NXR.UN	65 Neutral	C$734.84M	12.68	5.54%	8.07%	0.41%	78.32%
RFA	63 Neutral	C$1.23B	-4.53	-5.00%	7.28%	-20.06%	19.27%
D.UN	45 Neutral	C$306.47M	-2.20	-16.57%	5.65%	-1.06%	-20.07%