` Comparison: REI.UN, REG - Alpha Spread

REI.UN
vs
REG

Over the past 12 months, REI.UN has outperformed REG, delivering a return of +1% compared to the REG's 7% drop.

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REI.UN
REG
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Valuation Comparison

REI.UN Intrinsic Value
30.07 CAD
Undervaluation 38%
Intrinsic Value
Price
REG Intrinsic Value
67.41 USD
Overvaluation 2%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
RioCan Real Estate Investment Trust
TSX:REI.UN
18.64 CAD
Regency Centers Corp
NASDAQ:REG
69.13 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
REI.UN, REG

REI.UN
REG
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
RioCan Real Estate Investment Trust
Revenue
Regency Centers Corp
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
REI.UN, REG

REI.UN
REG
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
RioCan Real Estate Investment Trust
TSX:REI.UN
Regency Centers Corp
NASDAQ:REG
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What is Free Cash Flow?

Gross Margin

REI.UN
55%
REG
70.4%

Operating Margin

REI.UN
49.4%
REG
37.5%

Net Margin

REI.UN
4.6%
REG
26.1%

FCF Margin

REI.UN
32.3%
REG
17.6%

ROE

REI.UN
0.9%
REG
5.9%

ROA

REI.UN
0.4%
REG
3.1%

ROIC

REI.UN
4.8%
REG
4.7%

ROCE

REI.UN
5.3%
REG
4.7%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
REI.UN, REG

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Performance Gap
REI.UN, REG

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REI.UN
REG
Difference
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Performance By Year
REI.UN, REG

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REI.UN
REG
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