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RFA Financial (RFA) Stock Price & Analysis
RFA Stock Chart & Stats
- Day’s Range
- CAD 23.02 - CAD 23.85
- 52-Week Range
- CAD 17.64 - CAD 34.49
- Previous Close
- CAD 24.05
- Volume
- N/A
- Average Volume (3M)
- 20.61K
- Market Cap
- CAD 1.09B
- Enterprise Value
- CAD 4.78B
- Total Cash (Recent Filing)
- CAD 64.16M
- Total Debt (Recent Filing)
- CAD 1.11B
- Price to Earnings (P/E)
- ―
- Beta
- 0.72
- Next Earnings
- Nov 10, 2026 (Est.)
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- Sep 29, 2026
- Dividend Yield
- 4.59%
Bulls Say, Bears Say
Bulls Say
Diversified Commercial Portfolio
A diversified mix across retail, office and industrial and operations in Canada and the U.S. reduces exposure to a single market cycle. That geographic and sector spread supports more stable rental cash flows, lowers portfolio volatility, and enables cross-market capital allocation and redevelopment opportunities over the medium term.
Strong Free Cash Flow Growth
Robust 38% TTM free cash flow growth indicates the business is generating increasing cash from operations and capex discipline. Sustained FCF growth provides durable capacity to fund distributions, deleverage, pursue accretive development, and absorb cyclical earnings weakness without immediate capital markets reliance.
Manageable Leverage
A debt-to-equity around 0.74 suggests balanced leverage for a diversified REIT, preserving access to financing while limiting refinancing strain. This structural leverage level gives capacity to finance selective acquisitions or redevelopments and reduces likelihood of covenant stress under modest cyclical pressures.
Bears Say
Declining Revenue Trend
Sustained negative revenue growth erodes the landlord income base that drives NOI and distributions. Over months this trend pressures leasing economics, forces more aggressive tenant retention or repricing, and can limit the cash available for maintenance, redevelopment, or deleveraging unless leasing demand and rent resets improve.
Negative Profitability Metrics
A deeply negative net margin and negative ROE signal the business is not currently converting revenue into sustainable profits. Persisting losses constrain retained earnings, weaken reinvestment capacity, and increase reliance on asset sales or external capital to support distributions and growth initiatives over the medium term.
Weak Operating Cash Conversion Ratio
An OCF-to-net-income ratio of 0.16 suggests reported earnings are poorly matched to cash generation, pointing to non-cash charges or timing mismatches. Low earnings quality increases forecasting risk, makes dividend sustainability harder to assess, and can complicate capital allocation decisions over the coming quarters.
RFA Financial News
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RFA Financial Stock Smart Score
Company Description
RFA Financial
RFA Financial Inc. is a diversified commercial real estate investment trust and is an unincorporated closed-end real estate investment trust, created under, and governed by, the laws of the Province of Manitoba. The REIT was created pursuant to the Declaration of Trust dated November 8, 2004, as most recently amended and restated on December 19, 2021. Certain of the REIT's securities are listed on the Toronto Stock Exchange. The REIT's common units trade under the symbol AX.UN and the REIT's preferred units trade under the symbols AX.PR.E and AX.PR.I. The REIT's common units also trade in the United States on the OTCQX Best Market, under the symbol ARESF. As at November 14, 2025, there were 95,966,473 common units, 7,108,165 preferred units, 736,465 restricted units and 591,279 deferred units of Artis outstanding. RFA Financial Inc. was founded in 2004 and is based in Winnipeg, Canada.
- Sector
- Realestate
- Industry
- Real Estate - Services
- CEO
- Benjamin Ryan Rodney
- Employees
- 25
- Website
- rfafinancial.ca
- Address
- Suite 400 - 145 King Street West, Winnipeg, MB, R3C 0A5, CA
RFA Financial (RFA) Earnings & Revenues
RFA Company Deck
RFA Earnings Call
Earnings Call SentimentNeutral
The earnings call reflected a stable and strategically productive quarter with positive developments in leasing, occupancy, and deleveraging. However, challenges such as elevated payout ratios, increased debt to gross book value, and strategic review costs remain. The company is actively managing these challenges while exploring growth opportunities.
View all TSE:RFA earnings summariesTechnical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 4 | 5 | 13 |
| Technical Analysis | 3 | 5 | 2 |
| Moving Averages | 1 | 0 | 11 |
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