RioCan Real Estate Investment TrustREI-UN.TO

$22.75-0.06 (-0.26%)
TSXReal Estate24:00 UTC

Company snapshot

Market Cap
$7B
Mid-cap
-30%
2016 — today
10-Year Price
-22%
2016 — today
52-Week Range
$17.42$23.16
Current $22.75· 93%

RioCan is recognized as one of Canada's leading and largest Real Estate Investment Trusts (REITs). The company engages in owning, operating, and developing properties that are primarily focused on retail, but are increasingly transitioning into mixed-use spaces. These developments are strategically positioned in desirable, high-density areas that are well-served by public transit, aligning with where Canadians prefer to shop, reside, and be employed. As of September 30, 2020, RioCan's substantial portfolio contained 221 properties, offering a total net leasable area of approximately 38.4 million square feet (based on RioCan's interest). This diverse collection comprises office and residential rental properties, in addition to 16 properties currently under development.

Valuation in context

P/E ratio
27.4
Historically pricey
Historically pricey — last 10 years
P/B ratio
0.9
Above average
Pricier than usual over the last 10 years
EV / EBITDA
19.5
Around average
Around the 10-year average
Dividend Yield
5.1%
Historically low
Historically low relative to the last 10 years
FCF Yield
4.6%
Near historic high
Near historic highs — last 10 years
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