Riocan REIT

Company Profile

Riocan REIT had its IPO on under the ticker symbol RIOCF.

The company operates in the Real Estate sector and REIT-Retail industry. Riocan REIT has a staff strength of 581 employees.

Stock update

Shares of Riocan REIT opened at $14.07 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $14.06 - $14.2, and closed at $14.16.

This is a +0.73% increase from the previous day's closing price.

A total volume of 3,339 shares were traded at the close of the day’s session.

In the last one week, shares of Riocan REIT have slipped by -1.31%.

Riocan REIT's Key Ratios

Riocan REIT has a market cap of $4.25 billion, indicating a price to book ratio of 0.8209 and a price to sales ratio of 3.6291.

In the last 12-months Riocan REIT’s revenue was $1.20 billion with a gross profit of $727.03 million and an EBITDA of $675.96 million. The EBITDA ratio measures Riocan REIT's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Riocan REIT’s operating margin was 55.78% while its return on assets stood at 2.71% with a return of equity of 2.9%.

In Q2, Riocan REIT’s quarterly earnings growth was a positive 48% while revenue growth was a negative 7.6%.

Riocan REIT’s PE and PEG Ratio

Forward PE

12.0192

Trailing PE

25.2902

PEG

0

Its diluted EPS in the last 12-months stands at $0.56 per share while it has a forward price to earnings multiple of 12.0192 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Riocan REIT’s profitability.

Riocan REIT stock is trading at a EV to sales ratio of 7.8505 and a EV to EBITDA ratio of 15.4773. Its price to sales ratio in the trailing 12-months stood at 3.6291.

Riocan REIT stock pays annual dividends of $1.045 per share, indicating a yield of 5.57% and a payout ratio of 47.67%.

Balance sheet and cash flow metrics

Total Assets

$15.52 billion

Total Liabilities

$1.95 billion

Operating Cash Flow

$0

Capital Expenditure

$84.85 million

Dividend Payout Ratio

47.67%

Riocan REIT ended 2024 with $15.52 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $15.52 billion while shareholder equity stood at $7.81 billion.

Riocan REIT ended 2024 with $0 in deferred long-term liabilities, $1.95 billion in other current liabilities, 4559234000.00 in common stock, $3.12 billion in retained earnings and $0 in goodwill. Its cash balance stood at $253.94 million and cash and short-term investments were $253.94 million. The company’s total short-term debt was $1,546,683,000 while long-term debt stood at $5.55 billion.

Riocan REIT’s total current assets stands at $952.34 million while long-term investments were $383.96 million and short-term investments were $0. Its net receivables were $86.76 million compared to accounts payable of $80.38 million and inventory worth $327.60 million.

In 2024, Riocan REIT's operating cash flow was $0 while its capital expenditure stood at $84.85 million.

Comparatively, Riocan REIT paid $0.48 in dividends in 2024.

Other key metrics

Current Trading Price

$14.16

52-Week High

$17.1058

52-Week Low

$12.3936

Analyst Target Price

$

Riocan REIT stock is currently trading at $14.16 per share. It touched a 52-week high of $17.1058 and a 52-week low of $17.1058. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $14.49 and 200-day moving average was $15 The short ratio stood at 0 indicating a short percent outstanding of 0%.

Around 26.3% of the company’s stock are held by insiders while 3445.2% are held by institutions.