Real Estate Split Corp.
RS.TO
Toronto Stock Exchange10.42
CAD
+0.02
- -
Real Estate Split Corp.
RS.TO
(Toronto Stock Exchange)
Recent
price
10.42
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Real Estate Split Corp. (RS.TO) is a split-share corporation that invests in a diversified, actively managed portfolio of real estate issuers focused on e-commerce, data infrastructure, multi-family, retail, office, industrial, seniors housing, and healthcare sectors; it provides holders of Class A shares with non-cumulative monthly cash distributions yielding 8.0% per annum on the $15.00 issue price and capital appreciation potential, and holders of preferred shares with fixed cumulative preferential quarterly distributions yielding 5.25% per annum on the $10.00 issue price plus return of original capital at maturity. Top holdings include Granite Real Estate Investment Trust (8.3%), RioCan Real Estate Investment Trust (8.1%), Canadian Apartment Properties Real Estate Investment Trust (6.8%), First Capital Real Estate Investment Trust (6.6%), and Boardwalk Real Estate Investment Trust (5.7%), with geographic exposure primarily in Canada (86.8%) and the U.S. (13.2%). Founded on November 19, 2020, and headquartered at 8 Spadina Avenue, Suite 3100, Toronto, Ontario, Canada, the corporation is managed by Middlefield Limited. In June 2024, Middlefield announced the intention to merge Middlefield Global Real Asset Fund into Real Estate Split Corp., a transaction approved by unitholders and completed on or about December 6, 2024, enhancing portfolio scale, reducing the management fee to 0.85% from 1.10%, increasing overall distribution yields, and optimizing exposure to assets like Blackstone Core+ Real Estate Investment Limited Partnership. The corporation maintains consistent monthly Class A distributions of C$0.13 and quarterly preferred distributions of C$0.13125, with recent payments through November 2025.
Real Estate Split Corp. Class A Distribution
Real Estate Split Corp. Class A Distribution