See more : Festi hf. (FESTI.IC) 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)
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) CEO Edward Sonshine on Q4 2020 Results - Earnings Call Transcript
RioCan Real Estate Investment Trust (RIOCF) CEO Edward Sonshine on Q4 2020 Results - Earnings Call Transcript
RioCan REIT: Dividend Is Cut, Now What
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I Didn't Like RioCan Before It Cut Its Dividend; What About Now?
RioCan is a Canadian real estate investment trust which owns, develops, and operates Canada's portfolio of retail-focused (90%), increasingly mixed-use properties. RioCan FFO/unit growth has been modest since 2014, limiting the REIT's ability to increase the dividend more consistently.
Riocan Reminds Income Seekers Of The Risks Inherent In Equities
In challenging financial conditions, management often cuts payouts to shore up capital, and the share prices typically plunge in response. Real estate funds are in the midst of a liquidity shock that is unlikely to end quickly.
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RioCan REIT: Over 8% Dividend Yield With Mostly Secure Dividends
Contractual rental increases and improvement in rent collection will likely support funds from operations next year. RIOCF's exposure to movie theatres and gyms creates some risks. Further, some retailers have filed for restructuring, which shows they're facing hardship.
RioCan REIT: A Compelling Profile Despite The Pandemic
Resilient Q3 supported by good collection rents and lower provisions. 9% yield might get cut down to preserve B/S strength.
Source: https://incomestatements.info
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