Explore 3 Stock Ideas & Industry Insights Download Free Report

888-969-2592
Shopping Cart 0
countryflagCA
Login

Home CompaniesRioCan Real Estate Investment Trust

RioCan Real Estate Investment Trust

Real Estate REIT - Retail
PortfolioPortfolio WatchlistWatchlist
Company price
21.61 CAD 0.40 ( 1.89%)
Last update at 2026-11-04T20:43:00Z
VOLUME
724916
Market Cap
5605.46M
P/E
37.32

Momentum Score

…

RioCan is one of Canada's largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at June 30, 2023, our portfolio is comprised of 193 properties with an aggregate net leasable area of approximately 33.5 million square feet (at RioCan's interest) including office, residential rental and 11 development properties.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
21.30
Low
21.68
High
52 Week Price Range
16.07
Low
22.40
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

RioCan Real Estate Investment Trust is a Canadian REIT owning retail-led and mixed-use properties in major urban centres and pursuing residential redevelopment at transit-oriented sites. Long-term growth may be driven by income from necessity-based tenants, value from residential densification projects and exposure to population growth in key markets, which investors may find attractive.

Key risks include sensitivity to higher interest rates and leverage, secular retail disruption and tenant turnover from e-commerce, and execution risk on redevelopment and residential projects dependent on approvals and market demand.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
21.21
Dividend Yield
5.79%
Revenue TTM
1184.14M
Revenue Per Share
3.94
Gross Profit TTM
727.03M
Debt / Equity
0.88
ROE
1.95%
Net Debt
6692.69M
ROCE
4.95%
Diluted EPS TTM
0.50

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 237.69M 598.33M -54.15M 777.20M 525.92M
Net income 236.77M 598.39M -64.78M 775.83M 528.10M
Selling general administrative 49.66M 47.38M 36.18M 42.43M 51.42M
Gross profit 700.49M 689.86M 670.09M 737.30M 709.00M
Reconciled depreciation 4.77M 4.02M 4.34M 4.38M 4.58M
Ebit 669.30M 671.31M 648.15M 717.46M 694.96M
Ebitda 674.08M 675.34M 652.50M 721.84M 699.54M
Depreciation and amortization 4.77M 4.02M 4.34M 4.38M 4.58M
Operating income 669.30M 671.31M 648.15M 717.46M 653.00M
Other operating expenses 567.80M 536.60M 514.10M 635.84M 494.84M
Interest expense 180.37M 171.52M 180.81M 182.78M 168.30M
Tax provision 0.92M -0.06M 10.63M 1.36M -1.44M
Interest income 20.90M 13.67M 14.60M 16.92M 11.45M
Net interest income -159.46M -157.85M -166.21M -165.86M -156.85M
Income tax expense 0.92M -0.06M 10.63M 1.36M -1.44M
Total revenue 1213.85M 1175.06M 1143.66M 1326.33M 1147.84M
Total operating expenses 54.44M 51.40M 40.52M 46.81M 56.00M
Cost of revenue 513.36M 485.20M 473.57M 589.02M 438.85M
Total other income expense net -431.61M -72.98M -702.30M 59.74M -127.08M
Discontinued operations - - - - 0.74M
Net income from continuing ops 236.77M 598.39M -64.78M 775.83M 527.36M
Net income applicable to common shares 236.77M 598.39M -64.78M 775.83M 528.10M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 15101.86M 15177.46M 15267.71M 15188.33M 14003.76M
Other current assets 52.85M 164.81M 226.30M 81.95M 287.20M
Total liab 7372.97M 7266.12M 7532.73M 6883.11M 6337.38M
Total stockholder equity 7728.89M 7911.34M 7734.97M 8305.21M 7666.39M
Other current liab 295.49M 243.56M 257.75M 274.26M 288.79M
Common stock 4556.78M 4696.78M 4815.23M 4814.10M 7666.39M
Capital stock 4556.78M 4696.78M 4815.23M 8305.21M 7666.39M
Retained earnings 3054.53M 3187.07M 2950.02M 3472.32M 3152.38M
Other liab 168.58M 147.12M 121.02M 76.16M 48.97M
Other assets 373.00M 309.37M 252.14M 270.49M 197.31M
Cash 86.23M 77.76M 238.46M 93.52M 74.70M
Total current liabilities 1584.88M 858.97M 1323.56M 1298.37M 1961.41M
Current deferred revenue 41.36M 55.44M 36.26M 30.61M 64.53M
Net debt 6692.69M 6628.46M 6730.15M 6332.68M 5819.40M
Short term debt 1159.41M 467.73M 943.01M 935.75M 1574.88M
Short long term debt 1152.64M 462.75M 935.16M 934.01M 1023.61M
Short long term debt total 6778.91M 6706.22M 6968.61M 6426.20M 5894.10M
Other stockholder equity 55.21M 54.03M 38.07M 36.07M -4.27M
Property plant equipment 13807.74M 14021.34M 14063.02M 14359.13M 13009.42M
Total current assets 637.42M 609.47M 808.48M 375.41M 610.35M
Long term investments 364.89M 327.33M 209.68M 190.51M 189.82M
Net tangible assets 7728.89M 7911.34M 7734.97M 8305.21M 7666.39M
Net receivables 145.47M 149.86M 129.55M 90.99M 42.32M
Long term debt 5589.70M 6207.24M 5992.72M 5147.48M 5213.82M
Inventory 272.00M 217.04M 214.18M 108.96M 206.12M
Accounts payable 88.62M 92.25M 86.54M 57.75M 18.67M
Accumulated other comprehensive income 62.37M -26.54M -68.34M -17.28M -
Common stock total equity - - - 8305.21M 7666.39M
Non currrent assets other 14099.55M 14240.65M 14249.55M 14610.36M 13179.24M
Non current assets total 14464.44M 14567.99M 14459.22M 14812.92M 13393.42M
Capital lease obligations 36.57M 37.98M 40.73M 35.38M 20.06M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -79.69M -81.55M -469.34M -579.72M 543.24M
Change to liabilities -20.09M 122.75M 72.24M -12.38M 14.40M
Total cashflows from investing activities -79.69M 94.39M -469.34M -579.88M 543.24M
Net borrowings 100.55M -245.82M 524.99M 258.51M -32.82M
Total cash from financing activities -417.97M -745.49M 61.69M 29.81M -942.77M
Change to operating activities 2.87M 8.49M 3.30M -3.20M -2.38M
Net income 236.77M 598.39M -64.78M 775.83M 528.10M
Change in cash 8.47M -160.70M 144.94M 18.82M 4.47M
Begin period cash flow 77.76M 238.46M 93.52M 74.70M 70.22M
End period cash flow 86.23M 77.76M 238.46M 93.52M 74.70M
Total cash from operating activities 506.12M 490.40M 552.58M 568.73M 404.00M
Issuance of capital stock - - - 239.25M 4.03M
Depreciation 4.77M 4.02M 4.34M 4.38M 4.58M
Other cashflows from investing activities - - -20.17M -30.88M -25.54M
Dividends paid 309.42M 317.50M 457.52M 442.95M 452.17M
Change to inventory -25.85M -33.74M -27.38M 129.47M -69.11M
Change to account receivables 27.07M -70.08M 21.06M -67.60M -15.49M
Sale purchase of stock -203.87M -182.17M -5.78M -25.00M -461.81M
Other cashflows from financing activities 766.65M 1328.39M 1952.30M 3672.79M 1166.83M
Change to netincome 285.73M -137.62M 535.50M -265.26M -49.20M
Capital expenditures 392.97M 463.88M 516.63M 537.09M 421.93M
Change in working capital -26.47M 25.60M 77.52M 53.77M -79.47M
Stock based compensation 9.06M 12.55M 9.12M 6.48M 6.83M
Other non cash items 281.99M -150.16M 514.73M -273.43M -54.59M
Free cash flow 113.15M 26.52M 35.95M 31.64M -17.93M

Peer Comparison*

Sector: Real Estate Industry: REIT - Retail

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
REI-UN
RioCan Real Estate Investment Trust		 0.40
1.89%		 21.61 37.32 10.32 4.73 0.73 11.02 36.83
CHP-UN
Choice Properties Real Estate Investment Trust		 0.29
1.97%		 15.24 15.24 13.72 7.35 0.95 8.73 9.26
SRU-UN
SmartCentres Real Estate Investment Trust		 0.39
1.43%		 27.67 8.62 12.05 4.47 0.79 11.07 12.00
CRT-UN
CT Real Estate Investment Trust		 0.39
2.21%		 18.00 14.82 10.80 6.24 2.00 8.99 13.02
FCR-UN
First Capital Real Estate Investment Trust		 0.14
0.60%		 23.30 - 13.40 4.60 0.86 10.60 -47.84

Profile*

RioCan Real Estate Investment Trust

RioCan is one of Canada's largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at June 30, 2023, our portfolio is comprised of 193 properties with an aggregate net leasable area of approximately 33.5 million square feet (at RioCan's interest) including office, residential rental and 11 development properties.

RioCan Yonge Eglinton Centre, Toronto, ON, Canada, M4P 1E4

416-866-3033

https://www.riocan.com

565

Name Title Year Born
Mr. Jonathan Gitlin Pres, CEO & Additional Trustee 1973
Mr. Dennis Blasutti Chief Financial Officer NA
Dr. John Ballantyne Ph.D. Chief Operating Officer NA
Mr. Andrew Duncan Chief Investment Officer NA
Mr. Jeff Ross Sr. VP of Leasing & Tenant Construction NA
Ms. Franca Smith Sr. VP of Fin. NA
Mr. Ryan Donkers VP of Investments NA
Kim Lee VP of Investor Relations NA
Ms. Jennifer Suess Sr. VP, Gen. Counsel & Corp. Sec. NA
Ms. Terri Andrianopoulos Sr. VP of People & Brand NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

Kalkine

3 Mining Stock
Ideas Report

Download a free report with stock ideas and industry insights for general information.

Download Free Report Now → sector image

Top Stocks by Market Cap*

PRL
CAD 30.50
+15.05%
DSV
CAD 11.02
+14.55%
USA
CAD 4.29
+13.19%
NUAG
CAD 7.70
+12.90%
GMIN
CAD 43.79
+12.86%
DRUG
CAD 26.11
-29.58%
HUT
CAD 68.98
-22.41%
UCU
CAD 2.09
-14.34%
VET
CAD 14.87
-14.29%
PHX
CAD 10.96
-13.56%

Equity Sectors*

  • Basic Materials

    +5.46%

  • Communication Services

    +3.38%

  • Consumer Cyclical

    +3.11%

  • Consumer Defensive

    +1.35%

  • Energy

    -4.79%

  • Financial Services

    +2.66%

  • Healthcare

    -0.72%

  • Industrials

    -0.11%

  • Real Estate

    +1.84%

  • Technology

    +1.05%

  • Utilities

    +0.39%

Note: Daily price change (%) by sector excluding stocks with +/-90% daily price change. Companies above $500 million market capitalization are considered.

Support

Hi! How can we help you today?

Loading…