RIOCAN REAL ESTATE INVST TR (REI-UN.CA) Stock Fundamental Analysis
TSX:REI-UN • CA7669101031
19.69 CAD
-0.12 (-0.61%)
Last: Feb 24, 2026, 07:00 PM
We assign a fundamental rating of 3 out of 10 to REI-UN. REI-UN was compared to 35 industry peers in the Diversified REITs industry. REI-UN has an average financial health and profitability rating. REI-UN has a expensive valuation and it also 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
- Looking at the Return On Assets, with a value of 0.45%, REI-UN is in line with its industry, outperforming 48.57% of the companies in the same industry.
- REI-UN has a Return On Equity (0.94%) which is in line with its industry peers.
- With a Return On Invested Capital value of 3.79%, REI-UN perfoms like the industry average, outperforming 48.57% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for REI-UN is below the industry average of 5.81%.
- 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
- The Profit Margin of REI-UN (4.62%) is comparable to the rest of the industry.
- 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.
- REI-UN's Operating Margin has been stable in the last couple of years.
- REI-UN's Gross Margin of 55.02% is in line compared to the rest of the industry. REI-UN outperforms 42.86% of its industry peers.
- 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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), REI-UN is destroying value.
- The number of shares outstanding for REI-UN remains at a similar level compared to 1 year ago.
- REI-UN has less shares outstanding than it did 5 years ago.
- The debt/assets ratio for REI-UN is higher compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 0.87, we must say that REI-UN is in the distress zone and has some risk of bankruptcy.
- REI-UN has a better Altman-Z score (0.87) than 82.86% of its industry peers.
- 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.
- REI-UN has a Debt to FCF ratio of 15.62. This is in the better half of the industry: REI-UN outperforms 62.86% of its industry peers.
- A Debt/Equity ratio of 0.89 indicates that REI-UN is somewhat dependend on debt financing.
- The Debt to Equity ratio of REI-UN (0.89) is better than 74.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 15.62 | ||
| Altman-Z | 0.87 |
ROIC/WACC0.69
WACC5.46%
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 71.43% 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.
- Looking at the Quick ratio, with a value of 0.21, REI-UN is in line with its industry, outperforming 45.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.4 | ||
| Quick Ratio | 0.21 |
3. Growth
3.1 Past
- REI-UN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -71.38%.
- REI-UN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -8.96% yearly.
- REI-UN shows a strong growth in Revenue. In the last year, 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
- 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.
- The Revenue is expected to decrease by -3.51% on average over the next years.
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 89.50, REI-UN can be considered very expensive at the moment.
- The rest of the industry has a similar Price/Earnings ratio as REI-UN.
- REI-UN is valuated expensively when we compare the Price/Earnings ratio to 26.98, which is the current average of the S&P500 Index.
- REI-UN is valuated reasonably with a Price/Forward Earnings ratio of 11.96.
- Based on the Price/Forward Earnings ratio, REI-UN is valued a bit cheaper than 77.14% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 28.01. REI-UN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 89.5 | ||
| Fwd PE | 11.96 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, REI-UN is valued a bit cheaper than 71.43% of the companies 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 | 12.25 | ||
| EV/EBITDA | 18.05 |
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 6.97.
- Compared to an average S&P500 Dividend Yield of 1.81, 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
- 507.06% of the earnings are spent on dividend by REI-UN. This is not a sustainable payout ratio.
DP507.06%
EPS Next 2Y1.57%
EPS Next 3Y1.86%
TSX:REI-UN (2/24/2026, 7:00:00 PM)
19.69
-0.12 (-0.61%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-17 2026-02-17
Earnings (Next)05-04 2026-05-04
Inst Owners35.65%
Inst Owner ChangeN/A
Ins Owners0.37%
Ins Owner ChangeN/A
Market Cap5.72B
Revenue(TTM)1.45B
Net Income(TTM)66.77M
Analysts74.67
Price Target21.12 (7.26%)
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)0.77%
PT rev (3m)2.13%
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 | 89.5 | ||
| Fwd PE | 11.96 | ||
| P/S | 3.96 | ||
| P/FCF | 12.25 | ||
| P/OCF | 12.25 | ||
| P/B | 0.8 | ||
| P/tB | 0.8 | ||
| EV/EBITDA | 18.05 |
EPS(TTM)0.22
EY1.12%
EPS(NY)1.65
Fwd EY8.36%
FCF(TTM)1.61
FCFY8.16%
OCF(TTM)1.61
OCFY8.16%
SpS4.98
BVpS24.55
TBVpS24.55
PEG (NY)N/A
PEG (5Y)N/A
Graham Number11.02
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 | 0.87 |
F-Score6
WACC5.46%
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)-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 4 / 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%.