Real Estate & E-Commerce Split Corp. Class A (RS) AI Stock Analysis

• Market Cap: C$121.73M
• Dividend Yield: 17.81%
• Average Volume (3M): 26.48K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.85
• Revenue Growth: 109.66%
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): -0.07
• Shares Outstanding: 11,626,819
• 10 Day Avg. Volume: 27,541
• 30 Day Avg. Volume: 26,476
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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): N/A

• Rating: 65 Neutral
• Price Target: C$11.00 ▲(10.00% Upside)
• Action: Reiterated
• Date: 05/28/26

Positive Factors

Debt-free balance sheet

A conservative capital structure with no reported debt across 2023–2025 and substantial equity (~$109M) materially lowers financing risk. This preserves flexibility to withstand market drawdowns, supports distributions, and enables opportunistic portfolio actions without near-term refinancing pressure.

Negative Factors

Volatile profitability

Profitability has been highly inconsistent, with very strong reported net income in 2025 but sizeable losses in prior years. Such margin volatility reduces predictability of distributable earnings, complicates planning and investor expectations, and raises the risk that favorable results may not persist through market cycles.

Real Estate & E-Commerce Split Corp. Class A Business Overview & Revenue Model

Company Description

Real Estate & E-Commerce Split Corp. is a balanced mutual fund initially established by Middlefield Limited. Middlefield Capital Corporation is responsible for its management. This fund, which is based in Canada, began operations on October 7, 2020....

How the Company Makes Money

The company makes money primarily through investment income and portfolio gains generated by the securities it holds. Key revenue sources typically include: (1) dividends and other cash distributions received from portfolio holdings; (2) realized ...

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The company makes money primarily through investment income and portfolio gains generated by the securities it holds. Key revenue sources typically include: (1) dividends and other cash distributions received from portfolio holdings; (2) realized ...

Real Estate & E-Commerce Split Corp. Class A Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	8.16M	6.17M	5.14M	3.12M	1.37M
Gross Profit	5.72M	4.43M	3.71M	2.07M	669.97K
EBITDA	11.71M	-6.52M	3.92M	-17.30M	12.37M
Net Income	11.04M	-7.02M	3.81M	-17.34M	12.30M
Balance Sheet
Total Assets	230.55M	231.44M	150.25M	121.09M	78.56M
Cash, Cash Equivalents and Short-Term Investments	229.77M	230.51M	149.30M	120.61M	78.26M
Total Debt	0.00	0.00	0.00	500.00K	500.00K
Total Liabilities	121.73M	118.11M	70.19M	54.64M	27.69M
Stockholders Equity	108.82M	113.33M	80.06M	66.46M	50.87M
Cash Flow
Free Cash Flow	6.23M	-80.19M	-26.66M	-57.83M	-26.41M
Operating Cash Flow	6.23M	-80.19M	-26.66M	-57.83M	-26.41M
Investing Cash Flow	0.00	0.00	0.00	0.00	0.00
Financing Cash Flow	-12.21M	87.80M	24.74M	59.47M	27.75M

Real Estate & E-Commerce Split Corp. Class A Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 10.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RS, the sentiment is Positive. The current price of 10 is below the 20-day moving average (MA) of 10.19, above the 50-day MA of 9.89, and above the 200-day MA of 9.16, indicating a bullish trend. The MACD of 0.18 indicates Negative momentum. The RSI at 73.36 is Negative, neither overbought nor oversold. The STOCH value of 78.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:RS.

Real Estate & E-Commerce Split Corp. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
URB	72 Outperform	C$355.16M	3.68	13.92%	1.43%	-114.77%	79.72%
QRC	70 Outperform	C$686.28M	1.64	78.23%	2.20%	33.16%	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
RS	65 Neutral	C$121.73M	―	9.94%	17.81%	109.66%	―
TINY	62 Neutral	C$181.92M	-60.58	-16.03%	―	7.15%	26.82%
STCK	61 Neutral	C$323.33M	4.48	29.40%	―	815.93%	303.54%
FSZ	60 Neutral	C$565.33M	28.03	7.80%	8.78%	-8.34%	-48.32%

Real Estate & E-Commerce Split Corp. Class A Corporate Events