RIOCAN REAL ESTATE INVST TR (REI-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:REI-UN - CA7669101031 - REIT
19.88 CAD
-0.21 (-1.05%)
Overall REI-UN gets a fundamental rating of 3 out of 10. We evaluated REI-UN against 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 is valued expensive and 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.
- Each year in the past 5 years REI-UN had a positive operating cash flow.
1.2 Ratios
- REI-UN has a Return On Assets (0.45%) which is in line with its industry peers.
- The Return On Equity of REI-UN (0.94%) is comparable to the rest of the industry.
- Looking at the Return On Invested Capital, with a value of 3.79%, REI-UN is in line with its industry, outperforming 48.65% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for REI-UN is below the industry average of 5.57%.
- The 3 year average ROIC (3.47%) for REI-UN is below the current ROIC(3.79%), indicating increased profibility in the last year.
| 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.
- REI-UN's Profit Margin has declined in the last couple of years.
- REI-UN has a Operating Margin (49.41%) which is comparable to the rest of the industry.
- In the last couple of years the Operating Margin of REI-UN has remained more or less at the same level.
- Looking at the Gross Margin, with a value of 55.02%, REI-UN is in line with its industry, outperforming 40.54% of the companies in the same industry.
- REI-UN's Gross Margin has been stable in the last couple of years.
| 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.
- The number of shares outstanding for REI-UN remains at a similar level compared to 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 0.88, 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 0.88, REI-UN belongs to the top of the industry, outperforming 81.08% of the companies in the same industry.
- The Debt to FCF ratio of REI-UN is 15.62, which is on the high side as it means it would take REI-UN, 15.62 years of fcf income to pay off all of its debts.
- REI-UN's Debt to FCF ratio of 15.62 is in line compared to the rest of the industry. REI-UN outperforms 59.46% of its industry peers.
- 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 better Debt to Equity ratio (0.89) than 67.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 15.62 | ||
| Altman-Z | 0.88 |
ROIC/WACC0.68
WACC5.55%
2.3 Liquidity
- REI-UN has a Current 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.
- Looking at the Current ratio, with a value of 0.40, REI-UN is in the better half of the industry, outperforming 70.27% of the companies in the same industry.
- A Quick Ratio of 0.21 indicates that REI-UN may have some problems paying its short term obligations.
- With a Quick ratio value of 0.21, REI-UN perfoms like the industry average, outperforming 51.35% of the companies in the same industry.
| 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.
- Looking at the last year, REI-UN shows a very strong growth in Revenue. The Revenue has grown by 22.69%.
- REI-UN shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.34% yearly.
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
- The Earnings Per Share is expected to grow by 1.86% on average over the next years.
- 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
- 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
- The Price/Earnings ratio is 90.36, which means the current valuation is very expensive for REI-UN.
- Compared to the rest of the industry, the Price/Earnings ratio of REI-UN is on the same level as its industry peers.
- Compared to an average S&P500 Price/Earnings ratio of 27.38, REI-UN is valued quite expensively.
- The Price/Forward Earnings ratio is 12.08, which indicates a correct valuation of REI-UN.
- Based on the Price/Forward Earnings ratio, REI-UN is valued a bit cheaper than the industry average as 78.38% of the companies are valued more expensively.
- REI-UN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 90.36 | ||
| Fwd PE | 12.08 |
4.2 Price Multiples
- 70.27% of the companies in the same industry are more expensive than REI-UN, based on the Enterprise Value to EBITDA ratio.
- REI-UN's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.53 | ||
| EV/EBITDA | 18.24 |
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
- With a Yearly Dividend Yield of 5.24%, REI-UN is a good candidate for dividend investing.
- REI-UN's Dividend Yield is slightly below the industry average, which is at 7.04.
- REI-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.84.
| 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 (1/19/2026, 7:00:00 PM)
19.88
-0.21 (-1.05%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-06 2025-11-06
Earnings (Next)02-17 2026-02-17
Inst Owners35.65%
Inst Owner ChangeN/A
Ins Owners0.37%
Ins Owner ChangeN/A
Market Cap5.86B
Revenue(TTM)1.45B
Net Income(TTM)66.77M
Analysts74.29
Price Target20.96 (5.43%)
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-Date01-30 2026-01-30 (0.0965)
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)0.44%
PT rev (3m)3.31%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-39.72%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 90.36 | ||
| Fwd PE | 12.08 | ||
| P/S | 4.05 | ||
| P/FCF | 12.53 | ||
| P/OCF | 12.53 | ||
| P/B | 0.82 | ||
| P/tB | 0.82 | ||
| EV/EBITDA | 18.24 |
EPS(TTM)0.22
EY1.11%
EPS(NY)1.65
Fwd EY8.28%
FCF(TTM)1.59
FCFY7.98%
OCF(TTM)1.59
OCFY7.98%
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 | 0.88 |
F-Score6
WACC5.55%
ROIC/WACC0.68
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 3 / 10 to RIOCAN REAL ESTATE INVST TR (REI-UN.CA). This can be considered as Overvalued.
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%.