RioCan REIT (REI.UN) Facts

Is RioCan REIT's distribution safe?

RioCan REIT (REI.UN) currently screens as covered under REIT Stack's deterministic distribution-safety methodology using extraction-period inputs as of June 30, 2026. The public inputs on this sheet show AFFO payout ratio 80.6% and FFO payout ratio 67.7% from that extraction period, plus Distribution Yield 5.44% from the public market snapshot as of October 28, 2026; the engine driver summary is AFFO payout 81%: Comfortably covered by adjusted cash flow. This verdict is a screening signal, not a credit rating or investment recommendation.

Distribution-safety methodology

Is RioCan REIT trading below Reported NAV?

RioCan REIT (REI.UN) has Price / Reported NAV of 0.87x, using price $21.20 from the public market snapshot as of October 28, 2026 and Reported NAV / Unit $24.37 from issuer filings as of December 31, 2025. This is a 13.0% discount to Reported NAV. This uses issuer-reported Reported NAV only, not REIT Stack Real Estate NAV or Market-Implied NAV.

Reported NAV, Real Estate NAV, and Market-Implied NAV taxonomy

What does RioCan REIT own?

RioCan REIT (REI.UN) describes its portfolio this way: RioCan REIT is one of Canada's largest real estate investment trusts, managing approximately 185 primarily retail and mixed-use properties concentrated in Canada's six major urban markets: Toronto, Montréal, Vancouver, Calgary, Edmonton, and Ottawa. Under CEO Jonathan Gitlin, RioCan has accelerated its strategic pivot from open-air retail to urban mixed-use intensification — adding purpose-built rental residential and commercial density to its existing retail properties under the RioCan Living brand — capitalizing on its extensive urban land bank in high-demand city cores. The same public row lists Market Cap $6.2B as of October 28, 2026 and sector Retail; property-level inventory, source breadcrumbs, and historical period detail remain in the member product.