RioCan Real Estate Investment Trust
TSX:REI.UN

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RioCan Real Estate Investment Trust
TSX:REI.UN
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Price: 18.02 CAD 2.1% Market Closed
Market Cap: 5.3B CAD

Relative Value

The Relative Value of one REI.UN stock under the Base Case scenario is 34.65 CAD. Compared to the current market price of 18.02 CAD, RioCan Real Estate Investment Trust is Undervalued by 48%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

REI.UN Relative Value
Base Case
34.65 CAD
Undervaluation 48%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
84
vs Industry
43
Median 3Y
4.8
Median 5Y
4.7
Industry
3.7
Forward
4.2
vs History
49
vs Industry
40
Median 3Y
26.2
Median 5Y
20.1
Industry
16.7
Forward
18.8
vs History
17
vs Industry
27
Median 3Y
13.5
Median 5Y
12.8
Industry
11.1
vs History
69
vs Industry
29
Median 3Y
16.6
Median 5Y
16.1
Industry
13.2
vs History
65
vs Industry
54
Median 3Y
0.7
Median 5Y
0.7
Industry
0.9
vs History
61
vs Industry
35
Median 3Y
9.6
Median 5Y
9.5
Industry
6.7
Forward
9.5
vs History
39
vs Industry
33
Median 3Y
15.7
Median 5Y
15.6
Industry
12.2
vs History
46
vs Industry
35
Median 3Y
17.2
Median 5Y
17.2
Industry
16
Forward
17.2
vs History
47
vs Industry
40
Median 3Y
17.3
Median 5Y
17.2
Industry
19.2
vs History
1
vs Industry
17
Median 3Y
28.3
Median 5Y
24.9
Industry
18.6
vs History
1
vs Industry
21
Median 3Y
28.3
Median 5Y
24.9
Industry
20.2
vs History
26
vs Industry
46
Median 3Y
0.8
Median 5Y
0.8
Industry
0.7

Multiples Across Competitors

REI.UN Competitors Multiples
RioCan Real Estate Investment Trust Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
RioCan Real Estate Investment Trust
TSX:REI.UN
5.4B CAD 4.1 20.5 17.4 17.4
US
Simon Property Group Inc
NYSE:SPG
54.4B USD 9.1 26.6 17.4 25.2
US
Realty Income Corp
NYSE:O
52.1B USD 9.7 53.8 16.4 33
SG
CapitaLand Integrated Commercial Trust
SGX:C38U
16.1B 0 0 0 0
US
Kimco Realty Corp
NYSE:KIM
14.7B USD 7.1 28.5 17.6 33.3
HK
Link Real Estate Investment Trust
HKEX:823
109.4B HKD 7.7 -12.3 15.9 15.9
AU
Scentre Group
ASX:SCG
19.8B AUD 7.5 18.9 19.7 19.7
US
Regency Centers Corp
NASDAQ:REG
12.8B USD 8.7 33.2 18.8 32.8
FR
Klepierre SA
PAR:LI
9.5B EUR 6.3 8.7 16.9 16.9
FR
Unibail-Rodamco-Westfield SE
AEX:URW
7.2B EUR 2.4 55.2 17.4 17.5
US
Federal Realty Investment Trust
NYSE:FRT
8.3B USD 6.8 28.2 16.4 29.8