Added to YB: 2026-05-18
Pitch date: 2026-05-14
RFA.TO [bullish]
RFA Financial Inc.
+15.33%
current return
Author Info
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Company Info
RFA Financial Inc. is a diversified commercial real estate investment trust and is an unincorporated closed-end real estate investment trust, created under, and governed by, the laws of the Province of Manitoba.
Market Cap
N/A
Pitch Price
CAD 23.69
Price Target
N/A
Dividend
6.72%
EV/EBITDA
34.43
P/E
-10.04
EV/Sales
N/A
Sector
Financial Services
Category
special_situation
Sweden's best serial acquirer right now? - RFA Financial Inc.
RFA.TO: Canadian alt-A/B mortgage lender (6% yield) w/ novel growth strategy via Artis REIT reverse takeover. Plans to sell $1.5B real estate portfolio at book, unlock 58c equity/dollar, lever 9:1 in bank = 4x lending capacity. Targets $8-12B assets (3-5x current), 13% ROE, 40-50% NI CAGR in 3-5yr. Trading <6x fwd P/E vs peers 10-12x. Risks: office property sales (50% book), rising alt-mortgage delinquencies, deposit costs, execution. Joyce family (Tim Hortons) owns 23%.
Read full article (9 min)