{"ticker": {"uuid": "017afd43-654d-4754-8515-d4fad240d756", "symbol": "RFA", "name": "RFA Financial Inc.", "exchange": "TOR", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "RFA closed the latest completed week at 24.14 CAD. The 4-week return is -2.7% and the 12-week return is 10.8%. Trend Signal is active, Market Dynamics is -0.30.", "description": "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.", "setup_signature": "Balanced read", "composite_score": "48", "kpis": [{"label": "Latest Close", "value": "24.14 CAD", "hint": "2026-06-12"}, {"label": "1W Return", "value": "-2.5%", "tone": "negative", "hint": "latest completed week"}, {"label": "4W Return", "value": "-2.7%", "tone": "negative", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "10.8%", "tone": "positive", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "67.3%", "hint": "35 of 52 weeks active"}, {"label": "Volume Ratio", "value": "0.4x", "hint": "vs 13-week average"}], "classification": {"exchange": "TOR", "country": "CA", "sector": "Real Estate", "industry": "Reit - Diversified", "currency": "CAD", "market_cap": "1.2B"}, "price": {"trend_line": "18.44 CAD", "fair_value": "8.96 CAD", "vs_trend": "30.9%", "vs_fair_value": "169.6%", "high_52": "34.16 CAD", "low_52": "6.13 CAD", "drawdown": "-29.3%", "range_position": "64.3%"}, "momentum": {"returns": [{"label": "1W", "value": -2.5434033104561973, "value_label": "-2.5%", "tone": "negative", "width": 7.266866601303421}, {"label": "4W", "value": -2.739730056406127, "value_label": "-2.7%", "tone": "negative", "width": 7.827800161160363}, {"label": "12W", "value": 10.785577626342254, "value_label": "10.8%", "tone": "positive", "width": 30.815936075263583}, {"label": "26W", "value": 204.17360476103534, "value_label": "204.2%", "tone": "positive", "width": 100}, {"label": "52W", "value": 213.34895145570326, "value_label": "213.3%", "tone": "positive", "width": 100}], "trend_streak": 23, "active_weeks": 35, "active_breadth": "67.3%", "peer": {"scope": "CA Real Estate", "count": 52, "rank": 47, "percentile": 9.80392156862745, "avg_weekly_return": 1.8913216924733758}}, "setup": {"scores": [{"label": "Trend", "value": 82.01923076923077, "value_label": "82", "width": 82.01923076923077, "tone": "positive", "description": "Persistence of active Trend Signal over the last year and current streak."}, {"label": "Momentum", "value": 53.40564073397393, "value_label": "53", "width": 53.40564073397393, "tone": "neutral", "description": "Blend of 4-week and 12-week follow-through."}, {"label": "Dynamics", "value": 26.947845689717493, "value_label": "27", "width": 26.947845689717493, "tone": "negative", "description": "Latest Market Dynamics and whether pressure has improved over four weeks."}, {"label": "Relative Strength", "value": 100, "value_label": "100", "width": 100, "tone": "positive", "description": "Relative leadership and short-term RS change."}, {"label": "Volume", "value": 16.06498092950982, "value_label": "16", "width": 16.06498092950982, "tone": "negative", "description": "Participation compared with the 13-week volume baseline."}, {"label": "Risk Control", "value": 7.164041201249063, "value_label": "7", "width": 7.164041201249063, "tone": "negative", "description": "Drawdown and recent weekly volatility pressure."}], "timeline": [{"week": "27 Feb", "return": -0.46550060574427143, "return_label": "-0.5%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 4}, {"week": "6 Mar", "return": -8.078232369344244, "return_label": "-8.1%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 67.3186030778687}, {"week": "13 Mar", "return": -14.84736545956192, "return_label": "-14.8%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 100}, {"week": "20 Mar", "return": 19.50027456748287, "return_label": "19.5%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": true, "height": 100}, {"week": "27 Mar", "return": 4.863633916707681, "return_label": "4.9%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": true, "height": 40.53028263923068}, {"week": "3 Apr", "return": 11.993124436177647, "return_label": "12.0%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": true, "height": 99.94270363481372}, {"week": "10 Apr", "return": -1.641266119577953, "return_label": "-1.6%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 13.677217663149607}, {"week": "17 Apr", "return": 1.9864918553833928, "return_label": "2.0%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": true, "height": 16.55409879486161}, {"week": "24 Apr", "return": -3.7397779509154723, "return_label": "-3.7%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 31.164816257628935}, {"week": "1 May", "return": -3.6827196957798347, "return_label": "-3.7%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 30.689330798165287}, {"week": "8 May", "return": 1.3865546801073472, "return_label": "1.4%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": true, "height": 11.554622334227894}, {"week": "15 May", "return": 2.8595152449032373, "return_label": "2.9%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": false, "height": 23.82929370752698}, {"week": "22 May", "return": 8.380338436744553, "return_label": "8.4%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": false, "height": 69.83615363953794}, {"week": "29 May", "return": -0.33457620817842876, "return_label": "-0.3%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "5 Jun", "return": -7.609097635550086, "return_label": "-7.6%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": false, "height": 63.40914696291738}, {"week": "12 Jun", "return": -2.5434033104561973, "return_label": "-2.5%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": false, "height": 21.195027587134977}]}, "groups": {"sector": {"scope": "CA Real Estate", "count": 52, "avg_weekly_return": 1.8913216924733758, "avg_four_week_return": 3.5111645282762063, "avg_twelve_week_return": 6.593644915056949, "trend_breadth": 57.692307692307686, "positive_md_breadth": 59.61538461538461, "positive_rs_breadth": 28.846153846153843, "week_rank": 47, "four_week_rank": 48, "twelve_week_rank": 18, "top_peers": [{"id": 36637, "symbol": "SVI", "name": "StorageVault Canada Inc.", "exchange": "TOR", "url": "/terminal/910b0cfe-26df-4792-ba47-c338f750bd3b/report/", "weekly_return": 5.8035714285714235, "weekly_return_label": "5.8%", "weekly_return_tone": "positive", "four_week_return": 13.669064748201446, "four_week_return_label": "13.7%", "four_week_return_tone": "positive", "twelve_week_return": 9.79760641218023, "twelve_week_return_label": "9.8%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 36570, "symbol": "SGR-UN", "name": "Slate Grocery REIT", "exchange": "TOR", "url": "/terminal/5ca3987d-1f33-4226-8475-390749f22909/report/", "weekly_return": 0.5793800695249066, "weekly_return_label": "0.6%", "weekly_return_tone": "positive", "four_week_return": 12.943669023021057, "four_week_return_label": "12.9%", "four_week_return_tone": "positive", "twelve_week_return": 18.06793666770951, "twelve_week_return_label": "18.1%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 35853, "symbol": "FSV", "name": "FirstService Corporation", "exchange": "TOR", "url": "/terminal/1e95ac7e-626e-4758-a576-c4a2bfa8964c/report/", "weekly_return": 2.064221744101252, "weekly_return_label": "2.1%", "weekly_return_tone": "positive", "four_week_return": 12.159744511696037, "four_week_return_label": "12.2%", "four_week_return_tone": "positive", "twelve_week_return": 8.916144848192916, "twelve_week_return_label": "8.9%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": true, "positive_rs": false}, {"id": 35990, "symbol": "HOM-UN", "name": "BSR Real Estate Investment Trust", "exchange": "TOR", "url": "/terminal/050e0449-f5e1-4c7e-bc71-5ccdb36acf71/report/", "weekly_return": 4.695121951219532, "weekly_return_label": "4.7%", "weekly_return_tone": "positive", "four_week_return": 10.714372073154038, "four_week_return_label": "10.7%", "four_week_return_tone": "positive", "twelve_week_return": 13.883318348977095, "twelve_week_return_label": "13.9%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": true, "positive_rs": false}, {"id": 35057, "symbol": "AIF", "name": "Altus Group Limited", "exchange": "TOR", "url": "/terminal/bd698b0f-baaf-4f51-aa92-642528c3f071/report/", "weekly_return": -0.8491160461572025, "weekly_return_label": "-0.8%", "weekly_return_tone": "negative", "four_week_return": 10.186302434730093, "four_week_return_label": "10.2%", "four_week_return_tone": "positive", "twelve_week_return": -1.9571074626075886, "twelve_week_return_label": "-2.0%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": true, "positive_rs": false}]}, "industry": {"scope": "CA Reit - Diversified", "count": 5, "avg_weekly_return": 0.8332354512358614, "avg_four_week_return": 1.2313762073098315, "avg_twelve_week_return": 8.929947156148545, "trend_breadth": 80.0, "positive_md_breadth": 80.0, "positive_rs_breadth": 60.0, "week_rank": 4, "four_week_rank": 4, "twelve_week_rank": 3, "top_peers": [{"id": 36000, "symbol": "HR-UN", "name": "H&R Real Estate Investment Trust", "exchange": "TOR", "url": "/terminal/d00b7d3e-50ce-4c9b-98e6-69a50beebd4e/report/", "weekly_return": 7.490272373540869, "weekly_return_label": "7.5%", "weekly_return_tone": "positive", "four_week_return": 7.59342809604228, "four_week_return_label": "7.6%", "four_week_return_tone": "positive", "twelve_week_return": 13.728537083582445, "twelve_week_return_label": "13.7%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": false}, {"id": 36251, "symbol": "MRT-UN", "name": "Morguard Real Estate Investment Trust", "exchange": "TOR", "url": "/terminal/9b1574e7-7750-4c64-97e5-ff37ed7d267d/report/", "weekly_return": 2.2522522522522443, "weekly_return_label": "2.3%", "weekly_return_tone": "positive", "four_week_return": 4.2883811104798335, "four_week_return_label": "4.3%", "four_week_return_tone": "positive", "twelve_week_return": 6.549559157066252, "twelve_week_return_label": "6.5%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 35594, "symbol": "CRR-UN", "name": "Crombie Real Estate Investment Trust", "exchange": "TOR", "url": "/terminal/ec022b1a-0ab4-4fe7-8fb9-f2701d9ec8e4/report/", "weekly_return": 1.7574751025190287, "weekly_return_label": "1.8%", "weekly_return_tone": "positive", "four_week_return": 3.485390121727281, "four_week_return_label": "3.5%", "four_week_return_tone": "positive", "twelve_week_return": 12.953150521346709, "twelve_week_return_label": "13.0%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 36510, "symbol": "RFA", "name": "RFA Financial Inc.", "exchange": "TOR", "url": "/terminal/017afd43-654d-4754-8515-d4fad240d756/report/", "weekly_return": -2.5434033104561973, "weekly_return_label": "-2.5%", "weekly_return_tone": "negative", "four_week_return": -2.739730056406127, "four_week_return_label": "-2.7%", "four_week_return_tone": "negative", "twelve_week_return": 10.785577626342254, "twelve_week_return_label": "10.8%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": false, "positive_rs": true}, {"id": 36242, "symbol": "MPCT-UN", "name": "Dream Impact Trust", "exchange": "TOR", "url": "/terminal/8b7b3e4d-8316-4545-bb70-416439e26957/report/", "weekly_return": -4.790419161676638, "weekly_return_label": "-4.8%", "weekly_return_tone": "negative", "four_week_return": -6.47058823529411, "four_week_return_label": "-6.5%", "four_week_return_tone": "negative", "twelve_week_return": 0.6329113924050638, "twelve_week_return_label": "0.6%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": true, "positive_rs": false}]}}, "dynamics": {"market_dynamics": "-0.30", "market_dynamics_tone": "negative", "md_4_change": "-220.0%", "relative_strength": "61.56", "rs_4_change": "-29.2%", "expectation": "Undecided", "expectation_probability": "51.08%"}, "volume": {"latest": "145.8K", "average_13": "381.2K", "average_52": "841.2K", "ratio_13": "0.4x", "ratio_52": "0.2x"}, "risk": {"volatility_13": "7.1%", "volatility_52": "30.7%", "downside_weeks": 23, "upside_weeks": 27, "downside_breadth": "44.2%", "average_gain": "12.9%", "average_loss": "-5.2%"}, "signals": [{"label": "Trend Signal", "value": "Active", "tone": "positive"}, {"label": "Market Dynamics", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "30.9%", "tone": "positive"}, {"label": "Volume", "value": "0.4x", "tone": "neutral"}], "opportunities": ["Trend Signal is active with a 23-week active streak.", "Price is above the Trend Line, keeping the weekly tape constructive.", "Price is above Fair Value, showing premium demand versus the model."], "risks": ["Market Dynamics is negative, which weakens the current setup.", "The share remains more than 20% below its 52-week high.", "Latest weekly return ranks in the weaker part of its sector group."], "watch_points": ["Trend Line remains the key weekly regime level.", "Market Dynamics is the pressure gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-06-12", "close": "24.14 CAD", "weekly_return": -2.5434033104561973, "weekly_return_label": "-2.5%", "weekly_return_tone": "negative", "trend_line": "18.44 CAD", "fair_value": "8.96 CAD", "market_dynamics": "-0.30", "relative_strength": "61.56", "volume": "145.8K", "trend_signal": "On"}, {"week": "2026-06-05", "close": "24.77 CAD", "weekly_return": -7.609097635550086, "weekly_return_label": "-7.6%", "weekly_return_tone": "negative", "trend_line": "17.87 CAD", "fair_value": "8.84 CAD", "market_dynamics": "-0.26", "relative_strength": "71.39", "volume": "231.0K", "trend_signal": "On"}, {"week": "2026-05-29", "close": "26.81 CAD", "weekly_return": -0.33457620817842876, "weekly_return_label": "-0.3%", "weekly_return_tone": "negative", "trend_line": "17.29 CAD", "fair_value": "8.72 CAD", "market_dynamics": "-0.17", "relative_strength": "87.34", "volume": "191.4K", "trend_signal": "On"}, {"week": "2026-05-22", "close": "26.90 CAD", "weekly_return": 8.380338436744553, "weekly_return_label": "8.4%", "weekly_return_tone": "positive", "trend_line": "16.61 CAD", "fair_value": "8.59 CAD", "market_dynamics": "-0.15", "relative_strength": "94.04", "volume": "520.3K", "trend_signal": "On"}, {"week": "2026-05-15", "close": "24.82 CAD", "weekly_return": 2.8595152449032373, "weekly_return_label": "2.9%", "weekly_return_tone": "positive", "trend_line": "15.93 CAD", "fair_value": "8.45 CAD", "market_dynamics": "-0.09", "relative_strength": "86.90", "volume": "303.6K", "trend_signal": "On"}, {"week": "2026-05-08", "close": "24.13 CAD", "weekly_return": 1.3865546801073472, "weekly_return_label": "1.4%", "weekly_return_tone": "positive", "trend_line": "15.31 CAD", "fair_value": "8.33 CAD", "market_dynamics": "0.10", "relative_strength": "84.47", "volume": "117.4K", "trend_signal": "On"}, {"week": "2026-05-01", "close": "23.80 CAD", "weekly_return": -3.6827196957798347, "weekly_return_label": "-3.7%", "weekly_return_tone": "negative", "trend_line": "14.72 CAD", "fair_value": "8.22 CAD", "market_dynamics": "0.25", "relative_strength": "86.90", "volume": "206.3K", "trend_signal": "On"}, {"week": "2026-04-24", "close": "24.71 CAD", "weekly_return": -3.7397779509154723, "weekly_return_label": "-3.7%", "weekly_return_tone": "negative", "trend_line": "14.15 CAD", "fair_value": "8.10 CAD", "market_dynamics": "0.38", "relative_strength": "98.07", "volume": "173.9K", "trend_signal": "On"}, {"week": "2026-04-17", "close": "25.67 CAD", "weekly_return": 1.9864918553833928, "weekly_return_label": "2.0%", "weekly_return_tone": "positive", "trend_line": "13.53 CAD", "fair_value": "7.98 CAD", "market_dynamics": "0.43", "relative_strength": "107.83", "volume": "168.5K", "trend_signal": "On"}, {"week": "2026-04-10", "close": "25.17 CAD", "weekly_return": -1.641266119577953, "weekly_return_label": "-1.6%", "weekly_return_tone": "negative", "trend_line": "12.92 CAD", "fair_value": "7.86 CAD", "market_dynamics": "0.57", "relative_strength": "112.84", "volume": "292.4K", "trend_signal": "On"}, {"week": "2026-04-03", "close": "25.59 CAD", "weekly_return": 11.993124436177647, "weekly_return_label": "12.0%", "weekly_return_tone": "positive", "trend_line": "12.34 CAD", "fair_value": "7.74 CAD", "market_dynamics": "0.53", "relative_strength": "125.95", "volume": "230.8K", "trend_signal": "On"}, {"week": "2026-03-27", "close": "22.85 CAD", "weekly_return": 4.863633916707681, "weekly_return_label": "4.9%", "weekly_return_tone": "positive", "trend_line": "11.75 CAD", "fair_value": "7.61 CAD", "market_dynamics": "0.55", "relative_strength": "114.56", "volume": "317.1K", "trend_signal": "On"}, {"week": "2026-03-20", "close": "21.79 CAD", "weekly_return": 19.50027456748287, "weekly_return_label": "19.5%", "weekly_return_tone": "positive", "trend_line": "11.24 CAD", "fair_value": "7.51 CAD", "market_dynamics": "0.68", "relative_strength": "113.81", "volume": "2.1M", "trend_signal": "On"}, {"week": "2026-03-13", "close": "18.23 CAD", "weekly_return": -14.84736545956192, "weekly_return_label": "-14.8%", "weekly_return_tone": "negative", "trend_line": "10.76 CAD", "fair_value": "7.41 CAD", "market_dynamics": "0.68", "relative_strength": "76.22", "volume": "529.4K", "trend_signal": "On"}], "chart_url": "/terminal/017afd43-654d-4754-8515-d4fad240d756/", "api_path": "/terminal/017afd43-654d-4754-8515-d4fad240d756/report/api/"}