TSE:REI.UN

RioCan Real Estate Investment (REI.UN.TO)

20.66
-0.07 (0.34%)
as of Oct 1, 2026, 8:00:00 pm Market Open.
584 watching
0
COMMENT
Good landlords however, his fair market value is $12 and is lower than the present stock price. You are kind of relying on the capital appreciation of the real estate portfolio to keep the trust up at in excess of 2X book value. Runs into some technical resistance at about $22.50 with support at about $18. Yield of 6.25%.
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.
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