Market dataIncome framework read
REITTSXCanada

REI-UN.TO

RioCan REIT

Real EstateREIT distributionMonthly

Market Snapshot

$22.74

+$0.13 (57.50%)

Toronto

Yield

5.09%

Rate $1.16

Next Payment

Next pay in 14 days

Ex-date 2026-06-30

52wk Position

91.33%

-2.19% below high

Updated just now

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Monthly income profile is visible

REI-UN.TO has an income profile aligned with its reit role. Provider data shows 12 recent payout records.

2

DRIP defense

Editorial framework

Default DRIP test is not defended

REI-UN.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.43.

3

Main watch item

Editorial framework

Tax character and account placement matter

REI-UN.TO is a REIT-style holding. The headline distribution can mix income, capital gains, and return of capital, so taxable-account reporting and account placement deserve attention.

Decision Area

Distribution and DRIP Defense

Payout history, default DRIP coverage, and price creep pressure using market data where available.

Distribution Chart

Last 12 payments

Confirmed Expected

Coverage Ratio Test

DRIP defense check

Failed
Cash
$9.67
APR
0.425
Coverage
0.425

Rung failed. Restore immediately or rebalance the holding.

Price Creep

Defended price ceiling

Max defended
$9.67
Cushion
-$13.07
Cushion %
-57.49%
Current $22.74Break $9.67

Smart Recommendation

REI-UN.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.

Research Signals

Payout sustainability

Moderate

1mo ago

DRIP availability

Available

1mo ago

Tax character

Distribution / ROC

1mo ago

Distribution history

5–10 yr track

1mo ago

Structure complexity

Moderate

1mo ago

Income trend

Stable

1mo ago

Account suitability

RRSP / RRIF optimal

1mo ago

Structure Overview

RioCan REIT (REI.UN) is one of Canada's largest retail-focused REITs, owning shopping centres and mixed-use developments primarily in major urban centres. RioCan cut its distribution in 2020 and has since rebuilt it gradually. Distributions include a mix of other income and return of capital, making non-registered account placement less tax-efficient than registered accounts.

Canadian Planning Notes

  • 1RioCan cut its distribution in 2020 and has been rebuilding it; plan around the post-cut trajectory and monitor same-property NOI trends.
  • 2REIT distributions in non-registered accounts require annual tracking of the ROC component to maintain an accurate adjusted cost base.
  • 3RRSP or RRIF placement removes the tax-character complexity and is generally optimal for Canadian REITs.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$22.74

Previous close

$22.61

Day range

$22.45 - $22.75

52wk range

$17.37 - $23.25

Market cap

6.6B

Volume

996.3K

Avg volume

733K

Exchange

Toronto

Dividend and distribution

Forward rate

$1.16

Trailing rate

$1.16

Forward yield

5.09%

Trailing yield

5.12%

Per payment

$0.10

Cadence

Monthly

Next ex-date

Jun 30, 2026

Next pay

Jul 8, 2026

Last dividend

$0.10

Last dividend date

Jun 30, 2026

Performance

Daily change

$0.13

Daily change %

57.50%

52wk position

91.33%

Below 52wk high

-2.19%

Above 52wk low

30.92%

Open

$22.70

Earnings and financials

Trailing EPS

0.83

Forward EPS

1.62

Revenue

1.4B

Revenue growth

78.80%

Profit margin

18.14%

Operating margin

48.54%

Payout ratio

N/A

Free cash flow

115.3M

Total cash

71.3M

ROE

3.42%

ROA

2.61%

Debt/equity

100.36

Beta

1.01

Valuation

Trailing P/E

27.4

Forward P/E

14.04

Price/sales

4.87

Price/book

0.93

Enterprise value

13.7B

EV/EBITDA

21.63

Analyst facts

Target mean

$23.54

Target high

$26.00

Target low

$21.25

Recommendation mean

2

Recommendation key

buy

Analysts

12

Canadian Context

Account placement

TFSA

REIT distributions can mix income, capital gains, eligible dividends, and return of capital. Sheltering the holding avoids annual T3 complexity.

RRSP: Also shelters distribution complexity when TFSA room is limited.

Eligible dividend tax credit

Total credit
$345.27
Effective rate
34.53%

Broker DRIP status

Questrade

Available

Wealthsimple

Available

RBC Direct Investing

Available

TD Direct Investing

Available

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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.