RioCan Real Estate Investment Trust

TO:REI-UN Canada REIT - Retail
Market Cap
$4.03 Billion
CA$5.78 Billion CAD
Market Cap Rank
#3324 Global
#9 in Canada
Share Price
CA$19.69
Change (1 day)
+2.66%
52-Week Range
CA$16.16 - CA$20.09
All Time High
CA$22.57
Categories
Companies in Canada REIT - Retail
About

RioCan Real Estate Investment Trust and its consolidated subsidiaries (collectively, the Trust or RioCan) own, operate and develop one of Canada's largest portfolios of retail-focused properties. The parent trust, RioCan Real Estate Investment Trust, is an unincorporated closed-end trust governed under the laws of the Province of Ontario, Canada, and constituted pursuant to a Declaration of Trust… Read more

RioCan Real Estate Investment Trust (REI-UN) - Net Assets

Latest net assets as of December 2025: CA$7.16 Billion CAD

Based on the latest financial reports, RioCan Real Estate Investment Trust (REI-UN) has net assets worth CA$7.16 Billion CAD as of December 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$14.89 Billion) and total liabilities (CA$7.74 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets CA$7.16 Billion
% of Total Assets 48.05%
Annual Growth Rate 15.97%
5-Year Change -9.53%
10-Year Change -10.64%
Growth Volatility 36.33

RioCan Real Estate Investment Trust - Net Assets Trend (1994–2025)

This chart illustrates how RioCan Real Estate Investment Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for RioCan Real Estate Investment Trust (1994–2025)

The table below shows the annual net assets of RioCan Real Estate Investment Trust from 1994 to 2025.

Year Net Assets Change
2025-12-31 CA$7.16 Billion -5.31%
2024-12-31 CA$7.56 Billion +1.62%
2023-12-31 CA$7.44 Billion -3.77%
2022-12-31 CA$7.73 Billion -2.31%
2021-12-31 CA$7.91 Billion +2.28%
2020-12-31 CA$7.73 Billion -6.87%
2019-12-31 CA$8.31 Billion +8.33%
2018-12-31 CA$7.67 Billion -4.70%
2017-12-31 CA$8.04 Billion +0.43%
2016-12-31 CA$8.01 Billion +1.05%
2015-12-31 CA$7.93 Billion +0.75%
2014-12-31 CA$7.87 Billion +8.20%
2013-12-31 CA$7.27 Billion +5.70%
2012-12-31 CA$6.88 Billion +26.42%
2011-12-31 CA$5.44 Billion +147.70%
2010-12-31 CA$2.20 Billion +17.77%
2009-12-31 CA$1.87 Billion +6.55%
2008-12-31 CA$1.75 Billion +4.36%
2007-12-31 CA$1.68 Billion +1.43%
2006-12-31 CA$1.65 Billion -1.29%
2005-12-31 CA$1.68 Billion +5.70%
2004-12-31 CA$1.59 Billion +0.28%
2003-12-31 CA$1.58 Billion +12.81%
2002-12-31 CA$1.40 Billion +10.56%
2001-12-31 CA$1.27 Billion +9.21%
2000-12-31 CA$1.16 Billion +14.96%
1999-12-31 CA$1.01 Billion +75.38%
1998-12-31 CA$575.60 Million +38.07%
1997-12-31 CA$416.90 Million +111.09%
1996-12-31 CA$197.50 Million +90.45%
1995-12-31 CA$103.70 Million +43.03%
1994-12-31 CA$72.50 Million --

Equity Component Analysis

This analysis shows how different components contribute to RioCan Real Estate Investment Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 261661800000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CA$2.62 Billion 36.56%
Common Stock CA$4.46 Billion 62.32%
Other Comprehensive Income CA$21.48 Million 0.30%
Other Components CA$58.52 Million 0.82%
Total Equity CA$7.16 Billion 100.00%

RioCan Real Estate Investment Trust Competitors by Market Cap

The table below lists competitors of RioCan Real Estate Investment Trust ranked by their market capitalization.

Company Market Cap
Huadian Power International Corp Ltd Class A
SHG:600027
 		$3.92 Billion
Peptron Inc
KQ:087010
 		$3.92 Billion
Shenzhen Fastprint Circuit Tech Co Ltd
SHE:002436
 		$3.92 Billion
ISS A/S
OTCGREY:ISFFF
 		$3.92 Billion
Doosan Pref Shs
KO:000155
 		$3.91 Billion
EnBW Energie Baden-Württemberg AG
XETRA:EBK
 		$3.91 Billion
Xinjiang Goldwind Science & Technology Co. Ltd
PINK:XNJJY
 		$3.91 Billion
Dropbox Inc
NASDAQ:DBX
 		$3.91 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in RioCan Real Estate Investment Trust's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 7,558,338,000 to 7,157,263,000, a change of -401,075,000 (-5.3%).
  • Net income of 69,295,000 contributed positively to equity growth.
  • Dividend payments of 340,586,000 reduced retained earnings.
  • Share repurchases of 127,178,000 reduced equity.
  • Other comprehensive income decreased equity by 7,882,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CA$69.30 Million +0.97%
Dividends Paid CA$340.59 Million -4.76%
Share Repurchases CA$127.18 Million -1.78%
Other Comprehensive Income CA$-7.88 Million -0.11%
Other Changes CA$5.28 Million +0.07%
Total Change CA$- -5.31%

Book Value vs Market Value Analysis

This analysis compares RioCan Real Estate Investment Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 0.81x
  • The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
  • The price-to-book ratio has decreased from 2.72x to 0.81x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1994-12-31 CA$7.23 CA$19.69 x
1995-12-31 CA$9.85 CA$19.69 x
1996-12-31 CA$7.67 CA$19.69 x
1997-12-31 CA$6.64 CA$19.69 x
1998-12-31 CA$8.34 CA$19.69 x
1999-12-31 CA$9.73 CA$19.69 x
2000-12-31 CA$8.85 CA$19.69 x
2001-12-31 CA$8.44 CA$19.69 x
2002-12-31 CA$8.71 CA$19.69 x
2003-12-31 CA$9.27 CA$19.69 x
2004-12-31 CA$8.71 CA$19.69 x
2005-12-31 CA$8.64 CA$19.69 x
2006-12-31 CA$8.35 CA$19.69 x
2007-12-31 CA$8.05 CA$19.69 x
2008-12-31 CA$8.03 CA$19.69 x
2009-12-31 CA$8.06 CA$19.69 x
2010-12-31 CA$8.70 CA$19.69 x
2011-12-31 CA$20.08 CA$19.69 x
2012-12-31 CA$23.51 CA$19.69 x
2013-12-31 CA$23.94 CA$19.69 x
2014-12-31 CA$25.49 CA$19.69 x
2015-12-31 CA$24.77 CA$19.69 x
2016-12-31 CA$24.60 CA$19.69 x
2017-12-31 CA$24.61 CA$19.69 x
2018-12-31 CA$24.41 CA$19.69 x
2019-12-31 CA$26.98 CA$19.69 x
2020-12-31 CA$24.34 CA$19.69 x
2021-12-31 CA$24.93 CA$19.69 x
2022-12-31 CA$24.36 CA$19.69 x
2023-12-31 CA$24.75 CA$19.69 x
2024-12-31 CA$25.15 CA$19.69 x
2025-12-31 CA$24.19 CA$19.69 x

Capital Efficiency Dashboard

This dashboard shows how efficiently RioCan Real Estate Investment Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 0.97%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 4.68%
  • • Asset Turnover: 0.10x
  • • Equity Multiplier: 2.08x
  • Recent ROE (0.97%) is below the historical average (7.84%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1994 -2.34% -10.69% 0.12x 1.80x CA$-8.95 Million
1995 1.35% 5.83% 0.12x 1.91x CA$-8.97 Million
1996 7.70% 35.27% 0.12x 1.86x CA$-4.55 Million
1997 8.73% 38.32% 0.12x 1.91x CA$-5.29 Million
1998 10.08% 35.91% 0.14x 2.00x CA$440.00K
1999 10.17% 39.38% 0.12x 2.14x CA$1.75 Million
2000 10.50% 36.16% 0.14x 2.08x CA$5.76 Million
2001 13.15% 40.23% 0.15x 2.23x CA$38.22 Million
2002 12.77% 36.53% 0.14x 2.44x CA$37.36 Million
2003 11.54% 34.27% 0.14x 2.40x CA$24.34 Million
2004 9.99% 27.22% 0.15x 2.49x CA$-195.80K
2005 7.91% 21.77% 0.14x 2.55x CA$-34.98 Million
2006 9.90% 25.34% 0.14x 2.79x CA$-1.59 Million
2007 1.93% 4.49% 0.14x 3.13x CA$-135.42 Million
2008 8.39% 19.23% 0.14x 3.05x CA$-28.17 Million
2009 6.13% 15.02% 0.13x 3.16x CA$-71.84 Million
2010 14.09% 34.16% 0.13x 3.19x CA$87.90 Million
2011 16.28% 57.40% 0.14x 2.01x CA$336.70 Million
2012 19.63% 123.19% 0.08x 1.89x CA$659.30 Million
2013 9.76% 63.25% 0.08x 1.86x CA$-17.10 Million
2014 8.43% 55.07% 0.08x 1.87x CA$-123.80 Million
2015 1.79% 13.03% 0.07x 2.02x CA$-650.84 Million
2016 10.37% 73.30% 0.08x 1.77x CA$29.76 Million
2017 8.89% 61.92% 0.08x 1.79x CA$-89.18 Million
2018 6.89% 46.01% 0.08x 1.83x CA$-238.54 Million
2019 9.34% 58.50% 0.09x 1.83x CA$-54.69 Million
2020 -0.84% -5.66% 0.07x 1.97x CA$-838.28 Million
2021 7.56% 50.92% 0.08x 1.92x CA$-192.75 Million
2022 3.06% 19.51% 0.08x 1.95x CA$-536.12 Million
2023 0.52% 3.35% 0.08x 2.00x CA$-704.98 Million
2024 6.26% 36.62% 0.08x 2.05x CA$-282.37 Million
2025 0.97% 4.68% 0.10x 2.08x CA$-646.43 Million

Industry Comparison

This section compares RioCan Real Estate Investment Trust's net assets metrics with peer companies in the REIT - Retail industry.

Industry Context

  • Industry: REIT - Retail
  • Average net assets among peers: $1,009,826,000
  • Average return on equity (ROE) among peers: -1.53%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
RioCan Real Estate Investment Trust (REI-UN) CA$7.16 Billion -2.34% 1.08x $3.92 Billion
Primaris Retail R.E. Invest. Tr. Units (PMZ-UN) $590.89 Million -5.19% 1.78x $1.45 Billion
SmartCentres Real Estate Investment Trust (SRU-UN) $1.43 Billion 2.13% 1.73x $2.45 Billion