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REI-UN Fair Value & Analysis

Real Estate · CA · Market cap C$6.7B

RU REI-UN REI-UN · TO
PriceC$22.94
Fair ValueC$8.06
Upside-64.9%
Quality60/100
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Evidence: High Range C$3.04 – C$17.76 📤 Share as image

Fair value as of: Jul 19, 2026

From 23 valuation models · updated 2 days ago

Share price +0.8% over the past month.

Price vs Fair Value (12 months)

C$23.16 C$16.72 Fair Value C$8.06 Jul 2025 Jul 2026

12‑month range C$16.72 – C$23.16 · fair‑value band C$3.04 – C$17.76 · the C$22.94 price screens above the C$8.06 fair value. As of Jul 19, 2026.

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Analysis

REI-UN (REI-UN) currently trades at C$22.94, while our model-based Fair Value estimate is C$8.06, implying the stock looks roughly 64.9% overvalued today. We read business quality at 60/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, REI-UN generated revenue of C$1.4B at a net margin of 18.1%. Revenue grew 78.8% year over year. It earns a return on equity of 3.4%. Net debt stands at C$7.0B. Fundamentals as of Jul 19, 2026

Our scenario range runs from C$3.04 (bear case) to C$17.76 (bull case); at C$22.94, the current price sits above that range. The share trades near its 52-week high and 41% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -33% fair-value upside, at -65%, REI-UN screens richer than that median.

Key figures & financial health

Revenue (TTM) C$1.4B
Revenue growth (YoY) +78.8%
Net margin 18.1%
Return on equity 3.4%
Free cash flow C$181M FY2025
P/E ratio 27.2
More key figures
Operating margin 48.5%
EPS (TTM) C$0.8300
Dividend yield 5.2%
EPS growth (YoY) +3.2%
Net debt C$7.0B FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 19, 2026. TTM = trailing twelve months.

About the company

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 March 31, 2026, our portfolio is comprised of 167 properties with an aggregate net leasable area of approximately 32 million square feet (at RioCan's interest). RioCan Real Estate Investment Trust was established and incorporated on November 30, 1993 in Ontario, Canada.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

REI-UN reported revenue of C$1.5B in FY2025 versus C$1.2B in FY2021, a compound +6.0%/yr. Reported net income was C$69.3M in FY2025, compounding −41.7%/yr from FY2021.

Revenue +6.0%/yr
FY21 C$1.2B
FY22 C$1.2B
FY23 C$1.2B
FY24 C$1.3B
FY25 C$1.5B
Net income −41.7%/yr
FY21 C$598M
FY22 C$237M
FY23 C$38.8M
FY24 C$473M
FY25 C$69.3M

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Cite: Fair Value Calculator (2026). "REI-UN Fair Value". https://www.fairvalue-calculator.com/stock/REI-UN

Recent news

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Similar stocks

10 more REIT - Retail stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Simon Property Group SPG $216.74 $127.96 -41%
Realty Income Corporation O $60.58 $39.73 -34%
Kimco Realty Corporation K1IM34 R$115.44 R$77.26 -33%
Unibail-Rodamco-Westfield SE URW €99.34 €54.03 -46%
Scentre Group STGPF $2.65 $2.31 -13%
CapitaLand Integrated Commercial Trust (CICT or the Trust) C38U 2.33 SGD 1.39 SGD -40%
Regency Centers Corporation R1EG34 R$192.85 R$137.31 -29%
Link Real Estate Investment Trust (Link REIT) 0823 HK$35.54 HK$33.21 -7%
Klépierre SA LI €36.62 €42.99 +17%
Federal Realty Investment Trust FRT $120.39 $65.37 -46%

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Frequently asked questions

Is REI-UN undervalued?
As of Jul 19, 2026, our model estimates a fair value of C$8.06 versus a price of C$22.94, about −65% (overvalued). Model-based estimate, not financial advice.
What is the fair value of REI-UN?
Our model-based fair value for REI-UN is C$8.06 (as of Jul 19, 2026), built from audited fundamentals. The current price is C$22.94.
What is the quality score of REI-UN?
REI-UN has a Quality Score of 60/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of REI-UN?
REI-UN reported trailing-twelve-month revenue of about C$1.4B (latest available figure, as of Jul 19, 2026).
What is the net profit margin of REI-UN?
The net profit margin of REI-UN is about 18.1%, meaning it keeps roughly 18.1% of revenue as net income. Based on the latest reported figures.
Does REI-UN pay a dividend?
REI-UN currently shows a dividend yield of about 5.24% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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