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Real Estate & E-Commerce Split Corp. Class A (TSE:RS)
TSX:RS
Canadian Market

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

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Real Estate & E-Commerce Split Corp. Class A

(TSX:RS)

Rating:61Neutral
Price Target:
TSE:RS shows a strong recovery in financial performance, particularly in revenue and profitability, and maintains a robust balance sheet with no debt. However, negative operating cash flows and technical indicators pointing to a bearish trend introduce risks. The high dividend yield is a positive, but the negative P/E ratio raises concerns. Without recent earnings call data or significant corporate events, the score reflects mixed prospects and highlights the need for careful monitoring of cash flow improvements.

Real Estate & E-Commerce Split Corp. Class A (RS) vs. iShares MSCI Canada ETF (EWC)

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

Company DescriptionReal Estate & E-Commerce Split Corp. Class A (RS) is a financial investment company that focuses on providing investors with exposure to both real estate and e-commerce sectors. The company issues split shares, which are structured to offer distinct investment opportunities in these two dynamic industries, catering to investors looking for diversified income and growth potential.
How the Company Makes MoneyReal Estate & E-Commerce Split Corp. Class A makes money primarily through the management and trading of its structured investment vehicles, specifically split shares. These shares are designed to generate revenue through dividends, interest, and capital gains from the underlying assets, which include real estate investments and e-commerce related securities. The company earns management fees from the administration of these investment products. Additionally, it may benefit from strategic partnerships and financial instruments that enhance returns for shareholders.

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

Summary
Overall, the company exhibits a strong recovery in its operations with significant improvements in revenue and profitability. The balance sheet is solid, with no leverage concerns, enhancing financial stability. However, challenges persist in generating positive operating cash flow, which needs careful management to ensure sustainable growth.
Income Statement
72
Positive
The company's revenue has shown a significant recovery, moving from negative figures in 2022 to positive in 2023, indicating a strong turnaround. Gross profit and net income margins have also improved significantly, reflecting enhanced profitability. However, the volatility in past revenues suggests potential instability.
Balance Sheet
85
Very Positive
The company maintains a strong balance sheet with no debt, resulting in a favorable debt-to-equity ratio. The equity ratio is robust, indicating solid financial stability. The increase in stockholders' equity over the years demonstrates growth in net assets.
Cash Flow
60
Neutral
Operating cash flow remains negative, raising concerns about cash generation from operations. However, the reduction in negative free cash flow suggests improvement. The reliance on financing activities to sustain cash flow could be a potential risk if not managed carefully.
BreakdownDec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue5.14M-13.79M14.48M42.62K
Gross Profit3.71M-14.84M13.78M-22.11K
EBITDA3.92M-17.30M12.46M-253.14K
Net Income3.81M-17.34M12.30M-260.22K
Balance Sheet
Total Assets150.25M121.09M78.56M38.43M
Cash, Cash Equivalents and Short-Term Investments149.30M120.61M78.26M38.25M
Total Debt0.00500.00K500.00K0.00
Total Liabilities70.19M54.64M27.69M16.67M
Stockholders Equity80.06M66.46M50.87M21.76M
Cash Flow
Free Cash Flow-26.66M-57.83M-26.41M-35.87M
Operating Cash Flow-26.66M-57.83M-26.41M-35.87M
Investing Cash Flow0.000.000.000.00
Financing Cash Flow24.74M59.47M27.75M38.32M

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

Technical Analysis Sentiment
Positive
Last Price9.97
Price Trends
50DMA
9.42
Positive
100DMA
9.17
Positive
200DMA
9.93
Positive
Market Momentum
MACD
0.12
Negative
RSI
69.05
Neutral
STOCH
81.03
Negative
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 9.97 is above the 20-day moving average (MA) of 9.69, above the 50-day MA of 9.42, and above the 200-day MA of 9.93, indicating a bullish trend. The MACD of 0.12 indicates Negative momentum. The RSI at 69.05 is Neutral, neither overbought nor oversold. The STOCH value of 81.03 is Negative, 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

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
C$4.35B18.494.75%7.24%10.06%-19.26%
76
Outperform
C$10.72B19.6311.80%5.18%0.70%-18.29%
74
Outperform
C$3.86B17.965.40%4.88%3.11%
69
Neutral
$5.20B20.403.61%6.55%13.66%426.86%
67
Neutral
$2.42B-7.48%10.37%5.28%-0.79%
TSRS
61
Neutral
C$115.98M-7.26%21.75%-186.06%-496.99%
61
Neutral
C$14.67B6.1420.17%5.70%26.93%-38.21%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:RS
Real Estate & E-Commerce Split Corp. Class A
9.97
0.36
3.75%
TSE:REI.UN
RioCan Real Estate Investment
18.02
1.98
12.35%
TSE:CHP.UN
Choice Properties Real Estate Investment
15.02
2.55
20.46%
TSE:AP.UN
Allied Properties Real Estate Investment Trust
17.97
3.46
23.85%
TSE:FCR.UN
First Capital Realty
18.60
4.22
29.35%
TSE:SRU.UN
SmartCentres Real Estate Investment Trust
25.90
4.87
23.16%

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

Dividends
Real Estate Split Corp. Declares January 2025 Distribution
Neutral
Jan 24, 2025

Real Estate Split Corp. has announced a distribution for January 2025, which will be payable to Class A shareholders. The equity shares of the Fund are traded on the Toronto Stock Exchange under the symbol RS, and the distribution per equity share is set at $0.13, with a record date of January 31, 2025, and a payable date of February 14, 2025.

Real Estate Split Corp. Announces January Distributions
Dec 20, 2024

Real Estate Split Corp. announced distributions for its Class A and preferred shareholders, payable in January 2025, with respective amounts of $0.13 and $0.13125 per share. Both share classes are traded on the Toronto Stock Exchange, offering attractive investment opportunities for those interested in real estate and e-commerce sectors.

Real Estate Split Corp. Completes Strategic Merger
Dec 6, 2024

Real Estate Split Corp. has successfully merged with Middlefield Global Real Asset Fund, offering investors new opportunities in the real estate market. The merger resulted in Real Estate Split issuing over a million Preferred and Class A shares, with investors benefiting from potential capital appreciation and cash distributions. The company is focused on a diverse portfolio, including traditional and emerging property types, to capitalize on growing demand and limited supply.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 14, 2025