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TSE:REI.UN

RioCan Real Estate Investment (REI.UN.TO)

21.45
+0.02 (0.09%)
as of Aug 19, 2026, 8:00:00 pm Market Open.
584 watching
0
Investor Insights
star iconAug 19, 2026, 12:00 am

This summary was created by AI, based on 4 opinions in the last 12 months.

RioCan Real Estate Investment Trust (REI.UN) presents a divided perspective among experts. While one reviewer highlights its stability with high occupancy rates and a decent 5% dividend yield, others express caution, particularly in the Canadian retail market, citing economic softness and inflationary pressures post-COVID. Concerns regarding high payout ratios among Canadian REITs affect financial flexibility, prompting suggestions to consider similar companies in the US for potentially better growth. Despite potential risks, one expert notes the safety of distributions and a bright growth outlook, particularly in grocery-centred properties, indicating that there are levers for further financial performance.

consensus icon
Consensus
Cautious
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Valuation
Fair Value
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Similar
PLD
TOP PICK
Largest REIT in Canada and rate value creators. Sector is overdue for a bounce. Trades at 15%-20% discount to its NAV. Big caps have the advantage of being able to get funding and the ability to move in and out.
COMMENT
REITs are going to be exempted from the legislation. Doesn't own as REITs don't do well with rising interest rates, which he thinks will happen.
BUY
Prefers REITS to individual property stocks. Essentially shopping malls. Good price.
DON'T BUY
The flagship REIT in Canada. Continue to find ways to create value. Offers about 6.75% free cash flow yield and is pretty much fairly valued.
BUY
Competition H&R Real Estate (HR.UN-T) did an issue at a discount and Riocan went down to match it. At under $21, good solid yield. With a 3% growth and a 6%/7% dividend you get a pretty stable 10% return.
HOLD
(Market Call Minute.) Really likes the REIT sector. A better alternative to bottom fishing in the banks.
BUY
(Market Call Minute.) Great value story. Great management team.
BUY ON WEAKNESS
(Market Call Minute.) Largest REIT in Canada. Given the depressed price over the last 6 months, Buy it on a down day and you’ll do OK.
BUY
Not a big fan of the financials generally right now but within the financials, one of the best acting groups in the US and Canada. are the REITs. Well diversified. At the current levels he thinks you'll do fine.
BUY
Very well managed company. Probably one of the 2 or 3 core REIT’s you can own. Did a new issue today, which should help them as they have some big commitments and this should help them finance them.
BUY
Largest REIT in Canada. Focused on the big 6 markets in Canada. Made a big push into intensification. Like’s at these levels, is trading at net asset value. Not a lot of upside short term, but long term you’ll be happy.
BUY ON WEAKNESS
The bellwether flagship of REITs in the Canadian universe. Makes up about 25% of the index. Has power centres, unenclosed malls in the big 6 markets in Canada. About as rock solid as you can get. Trading at a slight premium above NAV. He would be a buyer under $20 and a seller over $21.
COMMENT
He gathers that the retail is holding up quite well. Thinks they're shopping centre structures are fine. One of the most liquid and defensive trusts.
BUY
A very good name. The issue with them is that it is more exposed to the retail shopping centres. If the slowdown in the US extends into Canada, this is an area that could be hit. Trades below its NAV and has a very nice free cash flow yield.
TOP PICK
Largest landlord in Canada and anchored by large stable tenants. Cheap, relative to the last couple of years. Also have green development, which adds to their bottom line. Also, because they own so much space, anyone coming up from the US would be dealing with them. Lease rollovers in the next couple of years with increased rents.
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