REI-UN : RioCan Real Estate Investment Trust Stock Profile

Last Updated: 3/12/2024 0:47:16

RioCan Real Estate Investment Trust trades with the ticker REI-UN on the TSX and is in the REIT – Retail industry.

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 December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan’s interest) including office, residential rental and 9 development properties.

Looking to invest in RioCan Real Estate Investment Trust? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.

REI-UN.TO Stock Price and Key Stats

ETF Key Stats

Exchange: TSX

Market Cap : $5453.258MM

PE Ratio: 139.615

Price: #N/A (Updated: 3/12/2024 0:47:16)

RioCan Real Estate Investment Trust (REI-UN) vs Competitors in REIT – Retail

Lets see how REI-UN.TO stacks up against others in the REIT – Retail asset management industry. We have identified its main peers as:

SmartCentres Real Estate Investment Trust


REIT – Retail Industry Comparisons

Company Market Cap ($MM) P/E Ratio EV/EBITDA Dividend Yield
RioCan Real Estate Investment Trust (REI-UN) $5,453.258 139.615 51.732 6.1%
SmartCentres Real Estate Investment Trust (SRU-UN) $3,967.78 9.588 13.116 7.9%
RioCan Real Estate Investment Trust (REI-UN) $5,453.258 139.615 51.732 6.1%

EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield  

Comparisons within REIT – Retail

  • RioCan Real Estate Investment Trust (REI-UN) vs SmartCentres Real Estate Investment Trust (SRU-UN)
    • SRU-UN has higher EPS (2.43 vs 0.13). SRU-UN has higher dividend yield (7.9% vs 6.1%). REI-UN has a higher P/E ratio (139.615 vs 9.588) indicating it’s more expensive.

Our Recommendation: Hold
Shows positive EPS growth from this year to next, suggesting improving profitability.

How to Buy REI-UN stock on the TSX

You can buy on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:

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Author Bio - Qayyum Rajan is a CFA Charterholder with 10+ years of finance experience and the co-creator of He has previously worked as a portfolio manager at RBC Dominion Securities and other roles at asset managers like Sentry Investments. He then started building websites and fintech apps to bring finance to everyone.

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