RIOCAN REAL ESTATE INVST TR (REI-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:REI-UN - CA7669101031 - REIT
18.76 CAD
+0.06 (+0.32%)
We assign a fundamental rating of 3 out of 10 to REI-UN. REI-UN was compared to 37 industry peers in the Diversified REITs industry. While REI-UN is still in line with the averages on profitability rating, there are concerns on its financial health. REI-UN has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
REI-UN had positive earnings in the past year.
REI-UN had a positive operating cash flow in the past year.
Of the past 5 years REI-UN 4 years were profitable.
In the past 5 years REI-UN always reported a positive cash flow from operatings.
1.2 Ratios
REI-UN has a Return On Assets (0.45%) which is comparable to the rest of the industry.
With a Return On Equity value of 0.94%, REI-UN perfoms like the industry average, outperforming 51.35% of the companies in the same industry.
REI-UN has a Return On Invested Capital of 3.79%. This is comparable to the rest of the industry: REI-UN outperforms 51.35% of its industry peers.
REI-UN had an Average Return On Invested Capital over the past 3 years of 3.47%. This is below the industry average of 5.53%.
The last Return On Invested Capital (3.79%) for REI-UN is above the 3 year average (3.47%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.45% | ||
| ROE | 0.94% | ||
| ROIC | 3.79% |
ROA(3y)1.63%
ROA(5y)1.68%
ROE(3y)3.28%
ROE(5y)3.32%
ROIC(3y)3.47%
ROIC(5y)3.36%
1.3 Margins
REI-UN has a Profit Margin (4.62%) which is in line with its industry peers.
In the last couple of years the Profit Margin of REI-UN has declined.
REI-UN's Operating Margin of 49.41% is in line compared to the rest of the industry. REI-UN outperforms 45.95% of its industry peers.
In the last couple of years the Operating Margin of REI-UN has remained more or less at the same level.
With a Gross Margin value of 55.02%, REI-UN perfoms like the industry average, outperforming 43.24% of the companies in the same industry.
In the last couple of years the Gross Margin of REI-UN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 49.41% | ||
| PM (TTM) | 4.62% | ||
| GM | 55.02% |
OM growth 3Y0.29%
OM growth 5Y0.69%
PM growth 3Y-9.14%
PM growth 5Y-8.17%
GM growth 3Y0.04%
GM growth 5Y1.15%
2. Health
2.1 Basic Checks
REI-UN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
REI-UN has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, REI-UN has less shares outstanding
The debt/assets ratio for REI-UN is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.85, we must say that REI-UN is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.85, REI-UN belongs to the top of the industry, outperforming 81.08% of the companies in the same industry.
REI-UN has a debt to FCF ratio of 15.62. This is a negative value and a sign of low solvency as REI-UN would need 15.62 years to pay back of all of its debts.
With a Debt to FCF ratio value of 15.62, REI-UN perfoms like the industry average, outperforming 59.46% of the companies in the same industry.
REI-UN has a Debt/Equity ratio of 0.89. This is a neutral value indicating REI-UN is somewhat dependend on debt financing.
REI-UN has a Debt to Equity ratio of 0.89. This is in the better half of the industry: REI-UN outperforms 67.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 15.62 | ||
| Altman-Z | 0.85 |
ROIC/WACC0.7
WACC5.4%
2.3 Liquidity
A Current Ratio of 0.40 indicates that REI-UN may have some problems paying its short term obligations.
REI-UN has a Current ratio of 0.40. This is in the better half of the industry: REI-UN outperforms 70.27% of its industry peers.
REI-UN has a Quick Ratio of 0.40. This is a bad value and indicates that REI-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
REI-UN has a Quick ratio of 0.21. This is comparable to the rest of the industry: REI-UN outperforms 51.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.4 | ||
| Quick Ratio | 0.21 |
3. Growth
3.1 Past
The earnings per share for REI-UN have decreased strongly by -71.38% in the last year.
REI-UN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -8.96% yearly.
The Revenue has grown by 22.69% in the past year. This is a very strong growth!
The Revenue has been decreasing by -1.34% on average over the past years.
EPS 1Y (TTM)-71.38%
EPS 3Y-5.82%
EPS 5Y-8.96%
EPS Q2Q%-226.59%
Revenue 1Y (TTM)22.69%
Revenue growth 3Y1.8%
Revenue growth 5Y-1.34%
Sales Q2Q%29.63%
3.2 Future
Based on estimates for the next years, REI-UN will show a small growth in Earnings Per Share. The EPS will grow by 1.86% on average per year.
REI-UN is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -3.51% yearly.
EPS Next Y-59.18%
EPS Next 2Y1.57%
EPS Next 3Y1.86%
EPS Next 5YN/A
Revenue Next Year3.88%
Revenue Next 2Y4.1%
Revenue Next 3Y-3.51%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 85.27, REI-UN can be considered very expensive at the moment.
REI-UN's Price/Earnings ratio is in line with the industry average.
REI-UN is valuated expensively when we compare the Price/Earnings ratio to 26.60, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 11.40 indicates a reasonable valuation of REI-UN.
Based on the Price/Forward Earnings ratio, REI-UN is valued cheaper than 81.08% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of REI-UN to the average of the S&P500 Index (23.23), we can say REI-UN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 85.27 | ||
| Fwd PE | 11.4 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, REI-UN is valued a bit cheaper than 67.57% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of REI-UN is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.83 | ||
| EV/EBITDA | 17.76 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y1.57%
EPS Next 3Y1.86%
5. Dividend
5.1 Amount
REI-UN has a Yearly Dividend Yield of 5.24%, which is a nice return.
REI-UN's Dividend Yield is slightly below the industry average, which is at 7.06.
REI-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.24% |
5.2 History
The dividend of REI-UN decreases each year by -4.92%.
REI-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
REI-UN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-4.92%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
REI-UN pays out 507.06% of its income as dividend. This is not a sustainable payout ratio.
DP507.06%
EPS Next 2Y1.57%
EPS Next 3Y1.86%
TSX:REI-UN (1/2/2026, 7:00:00 PM)
18.76
+0.06 (+0.32%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners35.65%
Inst Owner ChangeN/A
Ins Owners0.37%
Ins Owner ChangeN/A
Market Cap5.53B
Revenue(TTM)1.45B
Net Income(TTM)66.77M
Analysts74.67
Price Target20.96 (11.73%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.24% |
Yearly Dividend1.11
Dividend Growth(5Y)-4.92%
DP507.06%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1.35%
PT rev (3m)3.31%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-39.72%
EPS NY rev (3m)-39.72%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.25%
Revenue NY rev (3m)-0.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 85.27 | ||
| Fwd PE | 11.4 | ||
| P/S | 3.82 | ||
| P/FCF | 11.83 | ||
| P/OCF | 11.83 | ||
| P/B | 0.77 | ||
| P/tB | 0.77 | ||
| EV/EBITDA | 17.76 |
EPS(TTM)0.22
EY1.17%
EPS(NY)1.65
Fwd EY8.78%
FCF(TTM)1.59
FCFY8.46%
OCF(TTM)1.59
OCFY8.46%
SpS4.91
BVpS24.23
TBVpS24.23
PEG (NY)N/A
PEG (5Y)N/A
Graham Number10.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.45% | ||
| ROE | 0.94% | ||
| ROCE | 5.26% | ||
| ROIC | 3.79% | ||
| ROICexc | 3.82% | ||
| ROICexgc | 3.82% | ||
| OM | 49.41% | ||
| PM (TTM) | 4.62% | ||
| GM | 55.02% | ||
| FCFM | 32.3% |
ROA(3y)1.63%
ROA(5y)1.68%
ROE(3y)3.28%
ROE(5y)3.32%
ROIC(3y)3.47%
ROIC(5y)3.36%
ROICexc(3y)3.5%
ROICexc(5y)3.4%
ROICexgc(3y)3.5%
ROICexgc(5y)3.4%
ROCE(3y)4.81%
ROCE(5y)4.67%
ROICexgc growth 3Y3.31%
ROICexgc growth 5Y-0.6%
ROICexc growth 3Y3.31%
ROICexc growth 5Y-0.6%
OM growth 3Y0.29%
OM growth 5Y0.69%
PM growth 3Y-9.14%
PM growth 5Y-8.17%
GM growth 3Y0.04%
GM growth 5Y1.15%
F-Score6
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 15.62 | ||
| Debt/EBITDA | 8.83 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.39 | ||
| Cash Conversion | 65.25% | ||
| Profit Quality | 699.74% | ||
| Current Ratio | 0.4 | ||
| Quick Ratio | 0.21 | ||
| Altman-Z | 0.85 |
F-Score6
WACC5.4%
ROIC/WACC0.7
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)429.07%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-71.38%
EPS 3Y-5.82%
EPS 5Y-8.96%
EPS Q2Q%-226.59%
EPS Next Y-59.18%
EPS Next 2Y1.57%
EPS Next 3Y1.86%
EPS Next 5YN/A
Revenue 1Y (TTM)22.69%
Revenue growth 3Y1.8%
Revenue growth 5Y-1.34%
Sales Q2Q%29.63%
Revenue Next Year3.88%
Revenue Next 2Y4.1%
Revenue Next 3Y-3.51%
Revenue Next 5YN/A
EBIT growth 1Y8.01%
EBIT growth 3Y2.09%
EBIT growth 5Y-0.67%
EBIT Next Year5.38%
EBIT Next 3Y4.85%
EBIT Next 5YN/A
FCF growth 1Y7.79%
FCF growth 3Y-8.29%
FCF growth 5Y-7.83%
OCF growth 1Y7.79%
OCF growth 3Y-8.29%
OCF growth 5Y-7.83%
RIOCAN REAL ESTATE INVST TR / REI-UN.CA FAQ
What is the fundamental rating for REI-UN stock?
ChartMill assigns a fundamental rating of 3 / 10 to REI-UN.CA.
What is the valuation status of RIOCAN REAL ESTATE INVST TR (REI-UN.CA) stock?
ChartMill assigns a valuation rating of 4 / 10 to RIOCAN REAL ESTATE INVST TR (REI-UN.CA). This can be considered as Fairly Valued.
Can you provide the profitability details for RIOCAN REAL ESTATE INVST TR?
RIOCAN REAL ESTATE INVST TR (REI-UN.CA) has a profitability rating of 4 / 10.
What is the financial health of RIOCAN REAL ESTATE INVST TR (REI-UN.CA) stock?
The financial health rating of RIOCAN REAL ESTATE INVST TR (REI-UN.CA) is 3 / 10.
Is the dividend of RIOCAN REAL ESTATE INVST TR sustainable?
The dividend rating of RIOCAN REAL ESTATE INVST TR (REI-UN.CA) is 4 / 10 and the dividend payout ratio is 507.06%.