YOLFTbeta
RioCan Real Estate Investment Trust

RioCan Real Estate Investment Trust

REI-UN · TO · Real Estate / REIT - Retail

21.38CAD+0.19 (+0.90%)

Price History

Full chart

Market Stats

Previous Close21.19
Open21.29
Day Range21.22 – 21.62
52-Week Range17.23 – 22.93
Volume1.03M
Market Cap6.04B
P/E (TTM)24.09
Forward P/E12.79
EPS0.86
Dividend Yield5.59%
Beta0.98
50-Day Avg21.27
200-Day Avg20.80

About

RioCan Real Estate Investment Trust meets the everyday shopping needs of Canadians through the ownership, management and development of necessity-based retail properties in densely populated communities. As at June 30, 2026, our portfolio is comprised of 164 properties with an aggregate net leasable area of approximately 31 million square feet. RioCan Real Estate Investment Trust was established on 30 November, 1993 and was incorporated in Canada.

Company Details

  • SectorReal Estate
  • IndustryREIT - Retail
  • CEOMr. Jonathan Gitlin
  • Employees493
  • HeadquartersRioCan Yonge Eglinton Centre, Toronto, ON, Canada, M4P 1E4, Canada
  • Websitehttps://www.riocan.com

Leadership

  • Mr. Jonathan GitlinPresident, CEO & Non-Independent Trustee · b. 1973
  • John McKinnonVice President of Asset Management
  • Mr. Rocky KimVice President of Finance & Treasurer
  • Mr. Josh KatzAssistant Vice President of Leasing

Financials

Income Statement

Currency: CAD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue15.90M24.00M43.10M95.00M161.50M260.80M336.84M396.36M471.46M532.31M581.67M609.05M646.41M719.89M763.85M758.03M887.00M1.52B1.09B1.12B1.20B1.09B1.13B1.16B1.15B1.33B1.14B1.18B1.21B1.16B1.29B1.48B
Growth (%)-+50.94%+79.58%+120.42%+70.00%+61.49%+29.15%+17.67%+18.95%+12.91%+9.27%+4.71%+6.13%+11.37%+6.11%-0.76%+17.01%+71.48%-28.27%+2.75%+7.40%-9.66%+4.19%+1.93%-0.64%+15.55%-13.77%+2.75%+3.30%-4.58%+11.62%+14.64%
Cost of Revenue----------179.08M---242.35M260.43M276.00M325.00M378.00M392.00M436.00M433.26M444.58M428.73M438.85M589.02M473.57M485.20M513.36M409.46M498.58M688.79M
Gross Profit15.90M24.00M43.10M95.00M161.50M260.80M336.84M396.36M471.46M532.31M402.59M609.05M646.41M719.89M521.49M497.60M611.00M1.20B713.00M729.00M768.00M654.48M688.75M726.49M709.00M737.30M670.09M689.86M700.49M714.41M831.61M793.40M
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%69.21%100.00%100.00%100.00%68.27%65.64%68.88%78.63%65.35%65.03%63.79%60.17%60.77%62.89%61.77%55.59%58.59%58.71%57.71%61.68%64.32%53.53%
Operating Expense-13.50M-15.10M-17.20M-36.90M-68.60M-98.60M-123.91M-140.03M-175.61M-203.78M108.31M312.66M339.90M386.77M183.46M194.71M227.00M40.00M46.00M45.00M52.00M51.05M52.22M52.56M56.00M19.85M21.94M18.55M31.19M35.22M90.66M71.08M
Operating Income29.40M39.10M60.30M131.90M230.10M359.40M460.75M536.40M647.07M736.09M294.29M296.39M306.51M333.11M338.03M302.89M384.00M1.16B667.00M684.00M716.00M603.43M636.53M673.93M653.00M717.46M648.15M671.31M669.30M679.19M740.95M722.32M
Operating Margin184.91%162.92%139.91%138.84%142.48%137.81%136.79%135.33%137.25%138.28%50.59%48.66%47.42%46.27%44.25%39.96%43.29%76.00%61.14%61.02%59.47%55.48%56.16%58.34%56.89%54.09%56.67%57.13%55.14%58.64%57.31%48.73%
EBITDA30.80M40.90M63.00M137.00M238.10M372.60M478.99M559.37M679.20M773.80M388.14M409.00M430.84M472.60M492.64M469.67M576.00M593.00M523.00M736.01M611.46M610.28M656.65M752.29M680.49M721.84M652.50M675.34M674.08M237.02M731.66M348.69M
EBITDA Margin193.71%170.42%146.17%144.21%147.43%142.87%142.20%141.12%144.06%145.37%66.73%67.15%66.65%65.65%64.49%61.96%64.94%38.99%47.94%65.66%50.79%56.11%57.94%65.12%59.28%54.42%57.05%57.47%55.53%20.46%56.59%23.53%
Net Income-1.70M1.40M15.20M36.40M58.00M102.70M121.81M159.47M172.21M182.42M158.32M132.57M163.81M32.36M146.92M113.87M303.00M873.00M1.34B709.00M663.00M141.76M830.75M715.29M528.10M775.83M-64.78M598.39M236.77M38.80M473.46M69.30M
Net Income Margin-10.69%5.83%35.27%38.32%35.91%39.38%36.16%40.23%36.53%34.27%27.22%21.77%25.34%4.49%19.23%15.02%34.16%57.40%123.19%63.25%55.07%13.03%73.30%61.92%46.01%58.50%-5.66%50.92%19.51%3.35%36.62%4.68%
R&D--------------------4.00M-0.570.570.420.560.050.490.190.01--
R&D as % of Total Revenue--------------------0.33%-0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense0000000000000156.75M167.54M192.47M215.00M240.00M246.00M234.00M194.07M186.77M179.53M171.42M168.30M182.78M180.81M171.52M180.37M208.95M257.54M277.88M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%21.77%21.93%25.39%24.24%15.78%22.55%20.87%16.12%17.17%15.84%14.84%14.66%13.78%15.81%14.60%14.86%18.04%19.92%18.75%

Balance Sheet

Currency: CAD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets130.80M198.00M368.10M796.30M1.15B2.16B2.41B2.71B3.29B3.79B3.95B4.27B4.61B5.25B5.34B5.86B6.86B10.77B12.94B13.53B14.68B16.00B14.17B14.38B14.00B15.19B15.27B15.18B15.10B14.84B15.47B14.89B
Total Liabilities58.30M94.30M170.60M379.40M573.70M1.15B1.25B1.44B1.89B2.21B2.37B2.60B2.95B3.57B3.59B4.00B4.66B5.33B6.06B6.26B6.81B8.07B6.16B6.33B6.34B6.88B7.53B7.27B7.37B7.40B7.91B7.74B
Total Equity72.50M103.70M197.50M416.90M575.60M1.01B1.16B1.21B1.35B1.58B1.59B1.68B1.65B1.68B1.75B1.86B2.15B5.36B6.85B7.26B7.87B7.93B8.01B8.04B7.67B8.31B7.73B7.91B7.73B7.44B7.56B7.16B
Cash-----------152.72M-----92.00M77.00M183.00M39.00M56.00M83.32M54.37M70.22M74.70M93.52M238.46M77.76M86.23M124.23M190.24M157.34M
Total Debt56.00M90.00M160.90M360.30M538.00M1.05B-1.33B1.75B2.06B2.37B2.55B2.78B3.24B3.26B3.66B4.41B5.03B5.74B5.97B6.46B6.18B5.67B5.92B5.89B6.43B6.97B6.71B6.78B6.90B7.35B7.20B
Net Debt56.00M90.00M160.90M360.30M538.00M1.05B-1.33B1.75B2.06B2.52B2.55B2.78B3.24B3.26B3.66B4.32B4.96B5.55B5.94B6.40B6.10B5.62B5.85B5.82B6.33B6.73B6.63B6.69B6.77B7.16B7.05B

Cash Flow

Currency: CAD1994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow5.00M1.80M16.40M43.50M75.40M82.00M133.82M139.88M204.73M197.87M241.72M261.38M286.76M265.50M331.44M272.97M368.00M356.00M444.00M408.00M504.00M609.25M455.42M354.03M404.00M568.73M552.58M490.40M506.12M385.52M378.28M434.07M
Investing Cash Flow-25.50M-77.40M-163.30M-378.70M-350.50M-157.20M-146.40M-84.60M-312.14M-202.22M-329.17M-446.66M-375.95M-470.83M-334.91M-504.06M-953.00M-1.02B-935.00M-278.00M-522.00M-802.38M1.19B85.92M543.24M-579.72M-469.34M94.39M-79.69M-200.15M-360.77M41.11M
Financing Cash Flow31.50M63.70M149.50M381.30M278.00M17.30M74.32M-104.08M100.24M131.21M-23.77M186.73M113.42M282.76M-109.69M366.55M530.00M647.00M597.00M-266.00M35.00M220.17M-1.68B-424.08M-942.77M29.81M61.69M-745.49M-417.97M-147.37M48.49M-520.38M
Capital Expenditure27.50M77.10M155.80M405.10M348.80M162.10M132.22M163.09M485.70M255.79M427.49M542.81M523.25M611.28M332.25M444.50M946.00M26.00M160.00M186.00M262.00M221.77M343.80M381.42M421.93M537.09M516.63M463.88M392.97M391.00M296.94M253.03M
Free Cash Flow-22.50M-75.30M-139.40M-361.60M-273.40M-80.10M1.60M-23.21M-280.97M-57.92M-185.77M-281.42M-236.48M-345.78M-810.00K-171.53M-578.00M330.00M284.00M222.00M242.00M387.49M111.62M-27.39M-17.93M31.64M35.95M26.52M113.15M-5.48M81.34M181.03M
Dividends Paid4.20M7.50M17.10M40.10M65.70M95.60M140.01M154.89M169.65M190.32M216.45M248.94M256.11M275.02M295.26M315.94M339.00M371.00M413.00M439.00M447.00M323.20M405.81M439.19M452.17M442.95M457.52M317.50M309.42M321.41M332.01M340.59M
FCF to OCF-450.00%-4183.33%-850.00%-831.26%-362.60%-97.68%1.20%-16.59%-137.24%-29.27%-76.85%-107.67%-82.47%-130.24%-0.24%-62.84%-157.07%92.70%63.96%54.41%48.02%63.60%24.51%-7.74%-4.44%5.56%6.51%5.41%22.36%-1.42%21.50%41.71%
Dividend Paid to FCF-18.67%-9.96%-12.27%-11.09%-24.03%-119.35%8744.91%-667.24%-60.38%-328.60%-116.52%-88.46%-108.30%-79.54%-36452.35%-184.19%-58.65%112.42%145.42%197.75%184.71%83.41%363.56%-1603.33%-2522.28%1399.89%1272.66%1197.29%273.45%-5863.08%408.17%188.13%

Earnings

Report DateAug 13, 1997Nov 11, 1997Mar 16, 1999May 13, 1999Nov 18, 1999Feb 14, 2000May 15, 2000May 15, 2001Feb 13, 2002May 6, 2003Aug 12, 2003Nov 12, 2003Feb 11, 2004May 5, 2004Aug 9, 2004Nov 3, 2004Feb 14, 2005May 5, 2005Aug 4, 2005Nov 4, 2005Feb 7, 2006May 3, 2006Aug 2, 2006May 11, 2007Feb 11, 2008May 2, 2008Jul 28, 2008Nov 4, 2008Feb 13, 2009Apr 29, 2009Jul 27, 2009Oct 26, 2009Feb 9, 2010Apr 29, 2010Jul 29, 2010Oct 28, 2010Feb 28, 2011May 19, 2011Aug 5, 2011Nov 7, 2011Feb 14, 2012May 3, 2012Aug 10, 2012Nov 6, 2012Feb 14, 2013May 3, 2013Jul 31, 2013Nov 7, 2013Feb 13, 2014May 13, 2014Jul 31, 2014Nov 5, 2014Feb 13, 2015May 5, 2015Jul 29, 2016Nov 3, 2016Nov 2, 2026
EPS Estimate0.180.180.270.240.260.290.280.200.300.310.310.310.310.340.330.330.330.330.340.330.340.350.360.380.210.160.180.210.250.200.150.120.140.080.120.140.120.280.400.690.490.830.630.500.460.380.460.460.580.580.670.420.470.500.460.40-
EPS Actual0.170.190.220.220.270.240.250.280.250.270.280.320.320.210.240.220.330.360.370.350.340.350.350.180.320.180.210.190.130.140.120.120.110.150.200.160.121.330.440.630.850.360.380.400.410.440.400.410.390.340.440.510.540.340.430.40-
Surprise-5.56%5.56%-18.52%-8.33%3.85%-17.24%-10.71%40.00%-16.67%-12.90%-9.68%3.23%3.23%-38.24%-27.27%-33.33%0.00%9.09%8.82%6.06%0.00%0.00%-2.78%-52.63%52.38%12.50%16.67%-9.52%-48.00%-30.00%-20.00%0.00%-21.43%87.50%66.67%14.29%0.00%375.00%10.00%-8.70%73.47%-56.63%-39.68%-20.00%-10.87%15.79%-13.04%-10.87%-32.76%-41.38%-34.33%21.43%14.89%-32.00%-6.52%0.00%-
Timing--------Pre-marketPre-marketPre-marketAfter-hoursAfter-hoursPre-marketPre-marketPre-market-After-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hours--After-hours-After-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hours

Key Statistics & Ratios

Market Cap6.04B
Enterprise Value12.96B
Trailing P/E24.09
Forward P/E12.79
PEG Ratio0.40
Price / Sales4.70
Price / Book0.84
EPS0.86
Book Value24.61
Revenue (TTM)1.29B
Gross Profit (TTM)660.53M
EBITDA602.37M
Profit Margin19.61%
Operating Margin56.09%
Return on Equity3.48%
Return on Assets2.50%
Shares Outstanding290.62M
Shares Float289.76M
Beta0.98
Dividend Yield5.59%
Dividend Rate1.16
Payout Ratio134.65%

Dividends

202610×
0.10Oct 30, 20260.10Sep 29, 20260.10Aug 31, 20260.10Jul 31, 20260.10Jun 30, 20260.10May 29, 20260.10Apr 30, 20260.10Mar 31, 20260.10Feb 27, 20260.10Jan 30, 2026
202512×
0.10Dec 31, 20250.10Nov 28, 20250.10Oct 31, 20250.10Sep 29, 20250.10Aug 29, 20250.10Jul 31, 20250.10Jun 30, 20250.10May 30, 20250.10Apr 30, 20250.10Mar 31, 20250.10Feb 28, 20250.09Jan 31, 2025
20242×
0.09Dec 31, 20240.09Nov 29, 2024

Stock Splits

  • Feb 10, 19982:1