RIOCAN REAL ESTATE INVST TR (REI-UN.CA) Stock Fundamental Analysis
Canada - TSX:REI-UN - CA7669101031 - REIT
18.83 CAD
+0.05 (+0.27%)
REI-UN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 38 industry peers in the Diversified REITs industry. REI-UN has an average financial health and profitability rating. REI-UN is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year REI-UN was profitable.
In the past year REI-UN had a positive cash flow from operations.
Of the past 5 years REI-UN 4 years were profitable.
REI-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 1.85%, REI-UN is doing good in the industry, outperforming 68.42% of the companies in the same industry.
The Return On Equity of REI-UN (3.87%) is better than 63.16% of its industry peers.
REI-UN's Return On Invested Capital of 3.72% is in line compared to the rest of the industry. REI-UN outperforms 52.63% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for REI-UN is in line with the industry average of 5.46%.
The last Return On Invested Capital (3.72%) for REI-UN is above the 3 year average (3.47%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.85% | ||
| ROE | 3.87% | ||
| ROIC | 3.72% |
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
Looking at the Profit Margin, with a value of 20.86%, REI-UN is in the better half of the industry, outperforming 68.42% of the companies in the same industry.
In the last couple of years the Profit Margin of REI-UN has declined.
REI-UN has a Operating Margin (52.52%) which is comparable to the rest of the industry.
REI-UN's Operating Margin has been stable in the last couple of years.
REI-UN has a Gross Margin (57.38%) which is in line with its industry peers.
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 | 52.52% | ||
| PM (TTM) | 20.86% | ||
| GM | 57.38% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so REI-UN is destroying value.
REI-UN has about the same amout of shares outstanding than it did 1 year ago.
REI-UN has less shares outstanding than it did 5 years ago.
REI-UN has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.83, we must say that REI-UN is in the distress zone and has some risk of bankruptcy.
REI-UN's Altman-Z score of 0.83 is amongst the best of the industry. REI-UN outperforms 81.58% of its industry peers.
REI-UN has a debt to FCF ratio of 15.30. This is a negative value and a sign of low solvency as REI-UN would need 15.30 years to pay back of all of its debts.
REI-UN has a better Debt to FCF ratio (15.30) than 63.16% of its industry peers.
A Debt/Equity ratio of 0.87 indicates that REI-UN is somewhat dependend on debt financing.
REI-UN has a Debt to Equity ratio of 0.87. This is in the better half of the industry: REI-UN outperforms 71.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | 15.3 | ||
| Altman-Z | 0.83 |
ROIC/WACC0.69
WACC5.41%
2.3 Liquidity
A Current Ratio of 0.36 indicates that REI-UN may have some problems paying its short term obligations.
The Current ratio of REI-UN (0.36) is better than 63.16% of its industry peers.
A Quick Ratio of 0.15 indicates that REI-UN may have some problems paying its short term obligations.
REI-UN has a Quick ratio (0.15) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.15 |
3. Growth
3.1 Past
REI-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 377.38%, which is quite impressive.
Measured over the past years, REI-UN shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.96% on average per year.
The Revenue has grown by 16.97% in the past year. This is quite good.
REI-UN shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.34% yearly.
EPS 1Y (TTM)377.38%
EPS 3Y-5.82%
EPS 5Y-8.96%
EPS Q2Q%20.75%
Revenue 1Y (TTM)16.97%
Revenue growth 3Y1.8%
Revenue growth 5Y-1.34%
Sales Q2Q%23.77%
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 2.67% on average per year.
Based on estimates for the next years, REI-UN will show a decrease in Revenue. The Revenue will decrease by -7.65% on average per year.
EPS Next Y-32.28%
EPS Next 2Y2.04%
EPS Next 3Y2.67%
EPS Next 5YN/A
Revenue Next Year4.14%
Revenue Next 2Y3.89%
Revenue Next 3Y-7.65%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
A Price/Earnings ratio of 19.82 indicates a rather expensive valuation of REI-UN.
Compared to the rest of the industry, the Price/Earnings ratio of REI-UN indicates a somewhat cheap valuation: REI-UN is cheaper than 68.42% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.35, REI-UN is valued a bit cheaper.
REI-UN is valuated reasonably with a Price/Forward Earnings ratio of 11.33.
78.95% of the companies in the same industry are more expensive than REI-UN, based on the Price/Forward Earnings ratio.
REI-UN is valuated cheaply when we compare the Price/Forward Earnings ratio to 33.72, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.82 | ||
| Fwd PE | 11.33 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of REI-UN indicates a somewhat cheap valuation: REI-UN is cheaper than 73.68% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as REI-UN.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.37 | ||
| EV/EBITDA | 18.06 |
4.3 Compensation for Growth
The decent profitability rating of REI-UN may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y2.04%
EPS Next 3Y2.67%
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 7.95.
Compared to an average S&P500 Dividend Yield of 2.36, REI-UN pays a better dividend.
| 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
118.52% of the earnings are spent on dividend by REI-UN. This is not a sustainable payout ratio.
DP118.52%
EPS Next 2Y2.04%
EPS Next 3Y2.67%
TSX:REI-UN (11/10/2025, 7:00:00 PM)
18.83
+0.05 (+0.27%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners37.25%
Inst Owner ChangeN/A
Ins Owners0.37%
Ins Owner ChangeN/A
Market Cap5.54B
Revenue(TTM)1.36B
Net Income(TTM)283.96M
Analysts74.67
Price Target20.52 (8.98%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.24% |
Yearly Dividend1.11
Dividend Growth(5Y)-4.92%
DP118.52%
Div Incr Years3
Div Non Decr Years3
Ex-Date
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)1.14%
PT rev (3m)1.72%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)12.63%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.83%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.82 | ||
| Fwd PE | 11.33 | ||
| P/S | 4.07 | ||
| P/FCF | 11.37 | ||
| P/OCF | 11.37 | ||
| P/B | 0.76 | ||
| P/tB | 0.76 | ||
| EV/EBITDA | 18.06 |
EPS(TTM)0.95
EY5.05%
EPS(NY)1.66
Fwd EY8.82%
FCF(TTM)1.66
FCFY8.8%
OCF(TTM)1.66
OCFY8.8%
SpS4.62
BVpS24.93
TBVpS24.93
PEG (NY)N/A
PEG (5Y)N/A
Graham Number23.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.85% | ||
| ROE | 3.87% | ||
| ROCE | 5.17% | ||
| ROIC | 3.72% | ||
| ROICexc | 3.74% | ||
| ROICexgc | 3.74% | ||
| OM | 52.52% | ||
| PM (TTM) | 20.86% | ||
| GM | 57.38% | ||
| FCFM | 35.83% |
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-Score7
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | 15.3 | ||
| Debt/EBITDA | 8.89 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.49 | ||
| Cash Conversion | 68.1% | ||
| Profit Quality | 171.78% | ||
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.15 | ||
| Altman-Z | 0.83 |
F-Score7
WACC5.41%
ROIC/WACC0.69
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)377.38%
EPS 3Y-5.82%
EPS 5Y-8.96%
EPS Q2Q%20.75%
EPS Next Y-32.28%
EPS Next 2Y2.04%
EPS Next 3Y2.67%
EPS Next 5YN/A
Revenue 1Y (TTM)16.97%
Revenue growth 3Y1.8%
Revenue growth 5Y-1.34%
Sales Q2Q%23.77%
Revenue Next Year4.14%
Revenue Next 2Y3.89%
Revenue Next 3Y-7.65%
Revenue Next 5YN/A
EBIT growth 1Y9.46%
EBIT growth 3Y2.09%
EBIT growth 5Y-0.67%
EBIT Next Year7.43%
EBIT Next 3Y5.23%
EBIT Next 5YN/A
FCF growth 1Y9%
FCF growth 3Y-8.29%
FCF growth 5Y-7.83%
OCF growth 1Y9%
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 5 / 10 to REI-UN.CA.
What is the valuation status for REI-UN stock?
ChartMill assigns a valuation rating of 5 / 10 to RIOCAN REAL ESTATE INVST TR (REI-UN.CA). This can be considered as Fairly Valued.
What is the profitability of REI-UN stock?
RIOCAN REAL ESTATE INVST TR (REI-UN.CA) has a profitability rating of 6 / 10.
Can you provide the financial health for REI-UN stock?
The financial health rating of RIOCAN REAL ESTATE INVST TR (REI-UN.CA) is 4 / 10.
Can you provide the expected EPS growth for REI-UN stock?
The Earnings per Share (EPS) of RIOCAN REAL ESTATE INVST TR (REI-UN.CA) is expected to decline by -32.28% in the next year.