RioCan Real Estate Investment Trust (RIOCF) Income Statement Analysis

See more : Advance Syntex Limited (ASYL.BO) Income Statement Analysis – Financial Results

Complete financial analysis of RioCan Real Estate Investment Trust (RIOCF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of RioCan Real Estate Investment Trust, a leading company in the REIT – Retail industry within the Real Estate sector.

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RioCan Real Estate Investment Trust (RIOCF)

Industry: REIT - Retail

Sector: Real Estate

Website: https://www.riocan.com

About RioCan Real Estate Investment Trust

RioCan is one of Canada's largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at September 30, 2020, our portfolio is comprised of 221 properties with an aggregate net leasable area of approximately 38.4 million square feet (at RioCan's interest) including office, residential rental and 16 development properties.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994
Revenue	1.18B	1.21B	1.18B	1.14B	1.33B	1.15B	1.16B	1.13B	1.09B	1.20B	1.12B	1.09B	1.52B	887.00M	758.03M	763.85M	719.89M	646.41M	609.05M	581.67M	532.31M	471.46M	396.36M	336.84M	260.80M	161.50M	95.00M	43.10M	24.00M	15.90M
Cost of Revenue	424.41M	513.36M	485.20M	473.57M	589.02M	438.85M	428.73M	444.58M	433.26M	436.00M	392.00M	378.00M	325.00M	276.00M	260.43M	242.35M	221.51M	0.00	0.00	179.08M	165.27M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	751.48M	700.49M	689.86M	670.09M	737.30M	709.00M	726.49M	688.75M	654.48M	768.00M	729.00M	713.00M	1.20B	611.00M	497.60M	521.49M	498.38M	646.41M	609.05M	402.59M	367.04M	471.46M	396.36M	336.84M	260.80M	161.50M	95.00M	43.10M	24.00M	15.90M
Gross Profit Ratio	63.91%	57.71%	58.71%	58.59%	55.59%	61.77%	62.89%	60.77%	60.17%	63.79%	65.03%	65.35%	78.63%	68.88%	65.64%	68.27%	69.23%	100.00%	100.00%	69.21%	68.95%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.00M	2.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	60.37M	49.66M	47.38M	36.18M	42.43M	51.42M	42.70M	47.83M	46.62M	38.00M	41.00M	42.00M	36.00M	0.00	0.00	0.00	27.01M	25.62M	0.00	16.13M	12.76M	11.26M	9.26M	6.36M	4.60M	2.80M	2.20M	1.20M	1.20M	0.00
Selling & Marketing	11.92M	1.70M	1.90M	1.10M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	72.29M	49.66M	47.38M	36.18M	42.43M	51.42M	42.70M	47.83M	46.62M	38.00M	41.00M	42.00M	40.00M	36.00M	29.36M	31.33M	27.01M	25.62M	20.50M	16.13M	12.76M	11.26M	9.26M	6.36M	4.60M	2.80M	2.20M	1.20M	1.20M	0.00
Other Expenses	0.00	4.77M	4.02M	4.34M	4.38M	846.00K	48.44M	20.10M	-2.63M	0.00	0.00	8.00M	0.00	3.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	72.29M	54.44M	51.40M	40.52M	46.81M	56.00M	52.56M	52.22M	51.05M	52.00M	45.00M	46.00M	40.00M	227.00M	194.71M	183.46M	386.78M	339.90M	312.66M	108.31M	-203.78M	-175.61M	-140.03M	-123.91M	-98.60M	-68.60M	-36.90M	-17.20M	-15.10M	-13.50M
Cost & Expenses	496.69M	567.80M	536.60M	514.10M	635.84M	494.84M	481.29M	496.80M	484.31M	488.00M	437.00M	424.00M	365.00M	503.00M	455.14M	425.81M	386.78M	339.90M	312.66M	287.39M	-203.78M	-175.61M	-140.03M	-123.91M	-98.60M	-68.60M	-36.90M	-17.20M	-15.10M	-13.50M
Interest Income	25.13M	20.90M	13.67M	14.60M	16.92M	11.45M	7.59M	5.74M	5.37M	7.00M	14.00M	12.00M	253.00M	16.00M	17.89M	16.19M	15.77M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	208.95M	180.37M	171.52M	180.81M	182.78M	168.30M	171.42M	179.53M	186.77M	235.00M	234.00M	246.00M	240.00M	215.00M	192.47M	167.54M	156.75M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	2.63M	4.77M	4.02M	4.34M	4.38M	4.58M	9.87M	4.40M	4.66M	5.00M	2.00M	2.00M	1.00M	192.00M	166.79M	154.60M	139.49M	124.33M	112.61M	93.85M	37.71M	32.13M	22.97M	18.24M	13.20M	8.00M	5.10M	2.70M	1.80M	1.40M
EBITDA	237.02M	674.08M	675.34M	652.50M	721.84M	680.20M	707.10M	656.65M	623.83M	757.00M	749.00M	704.00M	1.13B	576.00M	469.67M	492.64M	472.60M	430.84M	409.00M	388.14M	773.80M	679.20M	559.37M	478.99M	372.60M	238.10M	137.00M	63.00M	40.90M	30.80M
EBITDA Ratio	20.16%	55.53%	57.47%	57.05%	54.42%	59.26%	61.21%	57.94%	57.35%	62.87%	66.82%	64.53%	78.11%	64.94%	61.96%	64.49%	65.65%	66.65%	67.15%	66.73%	145.37%	144.06%	141.12%	142.20%	142.87%	147.43%	144.21%	146.17%	170.42%	193.71%
Operating Income	679.19M	669.30M	671.31M	648.15M	717.46M	675.62M	697.23M	652.25M	619.18M	752.00M	747.00M	702.00M	1.19B	384.00M	302.89M	338.03M	333.11M	306.51M	296.39M	294.29M	736.09M	647.07M	536.40M	460.75M	359.40M	230.10M	131.90M	60.30M	39.10M	29.40M
Operating Income Ratio	57.76%	55.14%	57.13%	56.67%	54.09%	58.86%	60.35%	57.55%	56.92%	62.46%	66.64%	64.34%	78.04%	43.29%	39.96%	44.25%	46.27%	47.42%	48.66%	50.59%	138.28%	137.25%	135.33%	136.79%	137.81%	142.48%	138.84%	139.91%	162.92%	184.91%
Total Other Income/Expenses	-653.76M	-422.69M	-81.68M	-707.59M	59.74M	-127.08M	10.71M	27.05M	-184.57M	-88.00M	-34.00M	723.00M	303.00M	227.00M	-192.00M	-191.81M	-156.75M	-142.70M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-29.40M
Income Before Tax	25.44M	237.69M	598.33M	-54.15M	777.20M	525.92M	707.95M	679.30M	418.86M	664.00M	713.00M	1.36B	885.00M	161.00M	110.42M	146.22M	176.36M	163.81M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income Before Tax Ratio	2.16%	19.58%	50.92%	-4.73%	58.60%	45.82%	61.28%	59.94%	38.51%	55.15%	63.60%	124.56%	58.19%	18.15%	14.57%	19.14%	24.50%	25.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Income Tax Expense	-13.37M	921.00K	-59.00K	10.63M	1.37M	-1.44M	-320.00K	-3.85M	1.29M	265.00M	287.00M	284.00M	1.00M	-140.00M	-3.48M	-700.00K	144.00M	142.70M	163.81M	135.97M	553.68M	474.87M	376.93M	338.93M	256.70M	172.10M	95.50M	45.10M	37.70M	31.10M
Net Income	38.80M	236.77M	598.39M	-64.78M	775.83M	528.10M	711.77M	817.78M	128.17M	649.67M	695.00M	1.33B	866.00M	303.00M	114.00M	145.09M	32.36M	163.81M	132.57M	158.32M	182.42M	172.21M	159.47M	121.81M	102.70M	58.00M	36.40M	15.20M	1.40M	-1.70M
Net Income Ratio	3.30%	19.51%	50.92%	-5.66%	58.50%	46.01%	61.61%	72.16%	11.78%	53.96%	62.00%	121.91%	56.94%	34.16%	15.04%	18.99%	4.49%	25.34%	21.77%	27.22%	34.27%	36.53%	40.23%	36.16%	39.38%	35.91%	38.32%	35.27%	5.83%	-10.69%
EPS	0.13	0.77	1.89	-0.20	2.52	1.68	2.18	2.51	0.40	2.11	2.30	4.59	3.26	1.23	0.49	0.67	0.16	0.83	0.68	0.88	1.08	1.11	1.11	0.93	0.99	0.84	0.58	0.59	0.12	-0.17
EPS Diluted	0.13	0.77	1.89	-0.20	2.52	1.68	2.18	2.51	0.40	2.10	2.29	4.57	3.25	1.23	0.49	0.67	0.16	0.83	0.68	0.87	1.07	1.11	1.11	0.93	0.99	0.84	0.58	0.59	0.12	-0.17
Weighted Avg Shares Out	300.39M	306.07M	317.20M	317.73M	307.68M	313.94M	326.81M	325.39M	319.49M	307.91M	302.32M	289.95M	265.58M	246.61M	230.37M	218.05M	208.41M	197.99M	193.99M	180.57M	168.96M	154.81M	143.59M	131.15M	103.74M	69.05M	62.76M	25.76M	10.53M	10.02M
Weighted Avg Shares Out (Dil)	300.48M	306.25M	317.28M	317.73M	307.78M	314.02M	326.93M	325.67M	319.98M	308.67M	303.26M	291.30M	267.02M	247.34M	230.37M	218.05M	208.41M	197.99M	193.99M	181.98M	170.48M	154.81M	143.59M	131.15M	103.74M	69.05M	62.76M	25.76M	10.53M	10.02M

RioCan Real Estate Investment Trust (RIOCF) Q3 2022 Earnings Call Transcript

November 4, 2022seekingalpha.com

RioCan Real Estate Investment Trust (OTCPK:RIOCF) Q3 2022 Results Conference Call November 4, 2022 10:00 AM ET Company Participants Jennifer Suess - SVP, General Counsel and Corporate Secretary Jonathan Gitlin - President and CEO Dennis Blasutti - CFO John Ballantyne...

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October 13, 2022seekingalpha.com

RioCan's current distribution yield of 5.5% is supported by a best-in-class AFFO payout ratio, ensuring distribution safety and room to grow. The REIT's ambitious development pipeline is adding high-quality accretive assets to its income-producing portfolio.

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August 9, 2022seekingalpha.com

RioCan Real Estate Investment Trust (OTCPK:RIOCF) Q2 2022 Earnings Conference Call August 9, 2022 10:00 AM ET Company Participants Jennifer Suess - SVP, General Counsel and Corporate Secretary Jonathan Gitlin - President and CEO Dennis Blasutti - CFO John Ballantyne...

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July 20, 2022seekingalpha.com

We stayed out of RioCan in March 2022 and that was the correct decision. Interest rate risks have moved up and there will be zero FFO growth in 2023.

RioCan Real Estate Investment Trust (RIOCF) CEO Jonathan Gitlin on Q1 2022 Results - Earnings Call Transcript

May 10, 2022seekingalpha.com

RioCan Real Estate Investment Trust (OTCPK:RIOCF) Q1 2022 Earnings Conference Call May 10, 2022 10:00 AM ET Company Participants Jennifer Suess - Senior Vice President, General Counsel & Corporate Secretary Jonathan Gitlin - President & Chief Executive Officer Dennis Blasutti...