Real Estate Split Corp Class A
8.55
CAD
-0.04
(-0.47%)
ISIN
CA75602C1077
CUSIP
75602C107
Return %
Stock
S&P 500
1Y
-14.50
14.20
3Y
-26.99
81.12
5Y
-55.12
68.34
Capital Structure
CAD
•
in mil. unless spec.Working Capital
CAD
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in mil. unless spec.Growth Rates
CAD
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in mil. unless spec.Semi-annual Revenue
CAD
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in mil. unless spec.Semi-annual Earnings Per Share
CAD
•
in mil. unless spec.Semi-annual Dividends Per Share
CAD
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in mil. unless spec.Company Description
- CEO
- Dino C. Orrico
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- The Well | 8 Spadina Avenue Toronto ON Canada M5V 0S8
- IPO Date
- Nov 19, 2020
- Website
- middlefield.com
- 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.
Company News
Real Estate Split Corp. Announces Revised Overnight Offering
Real Estate Split Corp. Class A Distribution
Real Estate Split Corp. Class A Distribution