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RioCan Real Estate Investment Trust (RIOCF)
OTHER OTC:RIOCF
RESEARCH TOOLSreports
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.3Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: 0.49%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Neutral
Despite the challenges presented by the HBC insolvency and the necessary revision of FFO guidance, RioCan delivered strong operational performance with record-high occupancy rates and NOI growth. The company successfully executed asset sales and maintained a strong balance sheet, which supports their ability to navigate through the current macroeconomic volatility.Company Guidance
During the RioCan Real Estate Investment Trust's first quarter 2025 conference call, significant guidance was provided about the company's financial outlook and strategic initiatives. The company revised its 2025 funds from operations (FFO) guidance from $1.89-$1.92 per unit to $1.85-$1.88 per unit, primarily due to the anticipated impact of the Hudson's Bay Company (HBC) insolvency proceedings. Despite these challenges, RioCan's core retail portfolio demonstrated strong performance, with a committed occupancy rate of 98% and a commercial same-property net operating income (NOI) growth of 3.6%. The call detailed the company's strategy to divest its interests in RioCan Living's residential rental assets within the next 12 to 24 months, with proceeds aimed at reducing debt and supporting the NCIB program. RioCan also highlighted a strategic focus on maintaining strong free cash flow and enhancing its balance sheet, aiming to achieve an unsecured debt to total debt ratio of 60% by the end of the year.Strong Operational Performance
RioCan achieved record-breaking operational results with committed occupancy at a record high of 98%, retail committed occupancy at 98.7%, and double-digit blended and new leasing spreads for the fifth consecutive quarter at 17.5% and 18.3% respectively.
Residential Rental NOI Growth
RioCan Living's residential rental operations generated $7.5 million in NOI, an 18% increase over the same period last year.
Successful Asset Dispositions
Completed $16.7 million in dispositions including the sale of a Cineplex anchor property and post quarter-end, the sale of a less productive portion of an open-air retail site in Quebec for $37.5 million.
Debt Reduction and Strong Balance Sheet
Improved unsecured debt to total debt ratio to 58.6% and increased unencumbered asset pool by $605 million to $8.8 billion, maintaining $1.4 billion of liquidity.
FFO Per Unit Growth
FFO per unit increased by 9% to $0.49 compared to the same quarter of the previous year.
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RIOCF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RIOCF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| May 06, 2025 | $12.30 | $12.36 | +0.49% |
| Feb 18, 2025 | $13.10 | $13.52 | +3.21% |
| Nov 11, 2024 | $13.22 | $13.12 | -0.76% |
| Aug 08, 2024 | $12.20 | $12.15 | -0.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does RioCan Real Estate Investment Trust (RIOCF) report earnings?
RioCan Real Estate Investment Trust (RIOCF) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is RioCan Real Estate Investment Trust (RIOCF) earnings time?
RioCan Real Estate Investment Trust (RIOCF) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RIOCF EPS forecast?
Currently, no data Available
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