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

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

Institutional & Insider Ownership

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

Valuation & Earnings

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

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
RioCan Real Estate Investment Trust	N/A	N/A	N/A	$2.46	5.65
SITE Centers	$507.19 million	6.95	$265.70 million	$1.02	16.49

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

Analyst Ratings

This is a summary of recent ratings and recommmendations for RioCan Real Estate Investment Trust and SITE Centers, as reported by MarketBeat.com.

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

SITE Centers has a consensus target price of $97.18, indicating a potential upside of 477.76%. Given SITE Centers’ higher probable upside, analysts clearly believe SITE Centers is more favorable than RioCan Real Estate Investment Trust.

Profitability

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

	Net Margins	Return on Equity	Return on Assets
RioCan Real Estate Investment Trust	N/A	N/A	N/A
SITE Centers	91.77%	23.05%	11.48%

Dividends

RioCan Real Estate Investment Trust pays an annual dividend of $1.41 per share and has a dividend yield of 10.1%. SITE Centers pays an annual dividend of $2.08 per share and has a dividend yield of 12.4%. RioCan Real Estate Investment Trust pays out 57.3% of its earnings in the form of a dividend. SITE Centers pays out 203.9% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.

Summary

SITE Centers beats RioCan Real Estate Investment Trust on 10 of the 12 factors compared between the two stocks.

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.

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.