RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) vs. SITE Centers (NYSE:SITC) Financial Survey

SITE Centers (NYSE:SITC) and RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) are both finance companies, but which is the better stock? We will contrast the two businesses based on the strength of their earnings, profitability, dividends, valuation, analyst recommendations, institutional ownership and risk.

Dividends

SITE Centers pays an annual dividend of $2.08 per share and has a dividend yield of 13.0%. RioCan Real Estate Investment Trust pays an annual dividend of $1.41 per share and has a dividend yield of 10.5%. SITE Centers pays out 15.2% of its earnings in the form of a dividend. RioCan Real Estate Investment Trust pays out 57.3% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. SITE Centers is clearly the better dividend stock, given its higher yield and lower payout ratio.

Insider & Institutional Ownership

88.7% of SITE Centers shares are owned by institutional investors. Comparatively, 33.6% of RioCan Real Estate Investment Trust shares are owned by institutional investors. 10.1% of SITE Centers shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Analyst Ratings

This is a breakdown of current ratings and target prices for SITE Centers and RioCan Real Estate Investment Trust, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
SITE Centers	0	8	2	0	2.20
RioCan Real Estate Investment Trust	0	0	0	0	N/A

SITE Centers presently has a consensus price target of $97.18, suggesting a potential upside of 505.10%. Given SITE Centers’ higher possible upside, research analysts clearly believe SITE Centers is more favorable than RioCan Real Estate Investment Trust.

Earnings & Valuation

This table compares SITE Centers and RioCan Real Estate Investment Trust”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
SITE Centers	$539.46 million	1.56	$265.70 million	$13.67	1.17
RioCan Real Estate Investment Trust	N/A	N/A	N/A	$2.46	5.46

SITE Centers has higher revenue and earnings than RioCan Real Estate Investment Trust. SITE Centers is trading at a lower price-to-earnings ratio than RioCan Real Estate Investment Trust, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares SITE Centers and RioCan Real Estate Investment Trust’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
SITE Centers	164.10%	34.20%	19.41%
RioCan Real Estate Investment Trust	N/A	N/A	N/A

Summary

SITE Centers beats RioCan Real Estate Investment Trust on 11 of the 12 factors compared between the two stocks.

About SITE Centers

SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.

About RioCan Real Estate Investment Trust

RioCan is one of Canada's largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan's interest) including office, residential rental and 9 development properties.