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StockVS

TSX · Real Estate Services · CAD

RFA Financial Inc. (RFA.TO) Stock Analysis

RFA Financial Inc. (RFA.TO) is a Real Estate Services stock listed on TSX and quoted in Canadian Dollar.

RFA.TO

CA$26.30

−CA$0.21 (−0.79%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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RFA.TO Key Statistics

As of Sep 4, 2026
Trading
Open
CA$26.00
Previous Close
CA$26.51
Day's Range
26.00–26.91
52-Week Range
6.41–34.49
Volume
23.00K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.55
Valuation
Market Cap
CA$1.20B
P/E Ratio
unprofitable
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
0.67
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
4.17
EPS (ttm)Profit attributable to each share over the last twelve months.
−5.81
Financials (FY)
Revenue (FY)
CA$240.30M−20.00%
Net Income (FY)
−CA$155.66M
Profit marginThe share of revenue left as profit after all costs and taxes.
−67.05%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
45.76M
1-Year Return
+249.52%
Dividend and dates
Dividend
CA$1.32+5.02%
Ex-Dividend Date
June 30, 2026
Earnings Date
November 10, 2026
Avg Volume
31.19K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

RFA.TO Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+209.40%
2025+18.36%
2024+21.17%
2023−19.96%
2022−19.62%
2021+21.29%
2020−4.83%
2019+33.02%
2018−29.05%
2017+20.40%
2016 (partial year)−0.37%

As of September 4, 2026.

RFA.TO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025CA$240.30M−CA$155.66M−64.8%
2024CA$300.37M−CA$47.41M−15.8%
2023CA$335.84M−CA$332.07M−98.9%
2022CA$372.51M−CA$5.29M−1.4%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$240.30MCA$121.83M−CA$29.82M−CA$155.66M−64.8%
2024CA$300.37MCA$163.23MCA$122.78M−CA$47.41M−15.8%
2023CA$335.84MCA$184.02MCA$177.03M−CA$332.07M−98.9%
2022CA$372.51MCA$209.98MCA$202.32M−CA$5.29M−1.4%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

RFA.TO Dividend History

CA$0.65+0.0% vs 2024

Dividends per share, 2025 · 12 payments

YearDividends per sharePaymentsChange
2026*CA$0.603—
2025CA$0.6512+0.0%
2024CA$0.6512+0.0%
2023CA$0.6512−11.8%
YearDividends per sharePaymentsChange
2026 (partial year)CA$0.603—
2025CA$0.6512+0.0%
2024CA$0.6512+0.0%
2023CA$0.6512−11.8%
2022CA$0.7412−25.4%
2021CA$0.9912+68.6%
2020CA$0.5912+50.3%
2019CA$0.398−63.6%
2018CA$1.0812−8.3%
2017CA$1.1812+200.0%
2016CA$0.394—

Most recent payment: CA$0.20 per share, ex-dividend June 30, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

RFA.TO Valuation vs Real Estate Services Median

Median of 61 stocks
MetricRFA.TOReal Estate Services medianvs median
P/S ratio4.171.74139% above
Profit margin−67.05%0.00%67.0 pts below

Medians across 61 Real Estate Services stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

The market values RFA Financial Inc. (RFA.TO) at CA$1.20B. It is classified in the Real Estate Services industry, within the Real Estate sector.

The 52-week range on file runs from CA$6.41 to CA$34.49. RFA.TO last closed at CA$26.30 on September 4, 2026. That is −CA$0.21 (−0.79%) against the previous close. The latest close sits 310.15% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to CA$240.30M. Against the prior fiscal year total of CA$300.37M, that is a change of −20.00%. The same year closed with a net loss of CA$155.66M. Profit margin runs at −67.05%. That is 67 percentage points below the Real Estate Services median of 0%. Trailing earnings per share are −5.81.

Across the 4 fiscal years on file, revenue moves from CA$372.51M in 2022 to CA$240.30M in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. The PEG ratio, which sets the P/E against expected earnings growth, reads 0.67. The price-to-sales ratio is 4.17. On price-to-sales that is 139.26% above the Real Estate Services median of 1.74. The medians here are taken across 61 Real Estate Services companies that report the metric.

The reported beta is 0.55. Daily returns over the trailing 10 years annualize to a volatility of 80.47%. The trailing one-year price return is +249.52%. Measured over 10 years, that is +14.42% a year compounded.

Growth & Income

The trailing dividend yield is 5.02%. That is 2.1 percentage points above the Real Estate Services median yield of 2.94%. The indicated annual rate is CA$1.32 a share. The ex-dividend date on file is June 30, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling CA$0.60 a share. The year before, 2025, totalled CA$0.65 a share.

The strongest complete calendar year on file is 2019 at +33.02%; the weakest is 2018 at −29.05%. Of the 9 complete calendar years on file, 5 finished higher. 2026 is still running; the price is +209.40% year to date.

Peer Comparison

RFA Financial Inc. (RFA.TO) operates in the Real Estate Services industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
RFA Financial Inc. RFA.TO CA$1.20B —
CBRE Group, Inc. CBRE CA$42.81B 33.8
KE Holdings Inc. BEKE CA$19.76B 28.4
Jones Lang LaSalle Incorporated JLL CA$16.67B 17.4

The Real Estate Services industry average P/E ratio is 15.3x. RFA Financial Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About RFA Financial Inc.

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. The REIT was created pursuant to the Declaration of Trust dated November 8, 2004, as most recently amended and restated on December 19, 2021. Certain of the REIT's securities are listed on the Toronto Stock Exchange. The REIT's common units trade under the symbol AX.UN and the REIT's preferred units trade under the symbols AX.PR.E and AX.PR.I. The REIT's common units also trade in the United States on the OTCQX Best Market, under the symbol ARESF. As at November 14, 2025, there were 95,966,473 common units, 7,108,165 preferred units, 736,465 restricted units and 591,279 deferred units of Artis outstanding. RFA Financial Inc. was founded in 2004 and is based in Winnipeg, Canada.

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