Also trades as: RIOCF (OTC) · $vol 3M

C$20.72 ($14.54)

+0.06 (+0.29%)

Weekly Expected Move ±1.7%

C$20 C$20 C$21 C$21 C$21

TSX · Real Estate · REIT - Retail · Tech Score Neutral · Power 53 · C$6.0B mcap · 289M float · 0.250% daily turnover

Revenue

$1.5B +14.6% ▲

5Y CAGR: +5.3%

Gross Profit

$793M -4.6% ▼

5Y CAGR: +3.4%

Operating Income

$722M -2.5% ▼

5Y CAGR: +2.2%

Net Income

$69M -85.4% ▼

EPS (Diluted)

$0.23 -85.4% ▼

EBITDA

$349M -52.3% ▼

5Y CAGR: -11.8%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$1.2B	$1.2B	$1.2B	$1.3B	$1.5B
YoY Growth	+2.7%	+3.3%	-4.6%	+11.6%	+14.6%
Cost of Revenue	$485M	$513M	$409M	$499M	$689M
Gross Profit	$690M	$700M	$714M	$832M	$793M
Gross Margin	58.7%	57.7%	61.7%	64.3%	53.5%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$45M	$50M	$70M	$72M	$0
Operating Expenses	$51M	$54M	$72M	$91M	$71M
Operating Income	$671M	$669M	$679M	$741M	$722M
Operating Margin	57.1%	55.1%	58.6%	57.3%	48.7%
Interest Expense	$172M	$180M	$209M	$258M	$278M
Income Before Tax	$598M	$238M	$25M	$473M	$69M
Tax Expense	-$59K	$921K	-$13M	-$794K	$0
Net Income	$598M	$237M	$39M	$473M	$69M
Net Margin	50.9%	19.5%	3.4%	36.6%	4.7%
EPS (Diluted)	$1.89	$0.75	$0.13	$1.58	$0.23
EBITDA	$675M	$674M	$237M	$732M	$349M
Shares Outstanding	317M	317M	300M	300M	296M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$299M	$358M	$356M	$362M	$381M	$359M	$331M	$304M
Cost of Revenue	$103M	$162M	$154M	$161M	$216M	$154M	$140M	$115M
Gross Profit	$183M	$196M	$202M	$200M	$166M	$204M	$191M	$189M
Gross Margin	61.2%	54.8%	56.8%	55.4%	43.5%	57.0%	57.8%	62.2%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$15M	$22M	$13M	$14M	$14M	$16M	$15M	$16M
Operating Expenses	$16M	$22M	$14M	$16M	$30M	$14M	$51M	$16M
Operating Income	$187M	$174M	$202M	$200M	$136M	$190M	$140M	$173M
Operating Margin	62.7%	48.6%	56.8%	55.4%	35.7%	53.0%	42.4%	57.0%
Interest Expense	$66M	$66M	$67M	$70M	$69M	$72M	$72M	$71M
Income Before Tax	$97M	$126M	-$84M	$146M	-$120M	$128M	$93M	$151M
Tax Expense	-$2M	$4M	$0	$0	$0	$0	$0	$0
Net Income	$97M	$126M	-$84M	$146M	-$120M	$128M	$93M	$151M
Net Margin	32.4%	35.1%	-23.7%	40.3%	-31.6%	35.7%	28.2%	49.7%
EPS (Diluted)	$0.32	$0.42	$-0.28	$0.49	$-0.41	$0.43	$0.32	$0.52
EBITDA	$163M	$192M	-$17M	$216M	$136M	$201M	$165M	$223M
Shares Outstanding	300M	301M	298M	296M	295M	295M	292M	291M

REI-UN.TO TSX