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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
valuation icon
Valuation
Fair Value
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Similar
PLD
TOP PICK
High-quality retail properties in their portfolio. Has historically outperformed and sees no reason why it shouldn't continue to do so.
TOP PICK
Largest shopping centre REIT in Canada. Have properties in the 6 main large markets across Canada. Also have growth opportunities in some of their urban areas. Trades at a discount to NAV.
HOLD
This one has been a matter of concern. REITs in the US and Canada have been taken down quite severely. Undervalued.
BUY
Largest REIT in Canada. Trading at a discount to NAV.
BUY
For the long-term, a lot of the real estate trusts are beginning to look very attractive. Some of the fear is coming from a possible economic slowdown and what would happen to a lot of their commercial rentals. Property values here are fairly solid. 6.8% yield should be safe.
HOLD
Retail stores. In an economic slowdown, there could be a pullback. This is a great company. Distributions have been great.
COMMENT
Looking at Riocan (REI.UN-T), Primaris (PMZ.UN-T), H&R (HR.UN-T) and Calloway (CWT.UN-T). Have been pretty well beaten up and the yields are looking very enticing. As an inflation hedge they look very attractive.
BUY
Defensive name. Very diversified portfolio with open-air retail centres spread across Canada. Hard to go wrong with this name.
HOLD
A bellwether REIT in Canada. Unenclosed power centres and dominant malls throughout all of Canada. Great management team.
TOP PICK
Good quality core holding. Defensive. Retail focused. Good growth in 2008, probably 5%-6% through leases rolling over. Decent development pipeline.
BUY
One of the premier quality REITs. Retail focused with high quality real estate. Has been hammered giving a great opportunity to buy. 6% plus yield. Outlook is fantastic.
BUY
Suffering from the sector weakness. He considers this Best in Class. Good creative management. Leases are coming due so they will have a healthy bump up of rents.
BUY
The largest shopping centre REIT. Across Canada. Good valuation at these levels.
BUY
The biggest, most liquid REIT in Canada. Have only just dropped their distribution below 100%. It's a bit expensive because there are so few shareholders, the expectation of a takeover is built into the price. Their debt is also very low.
TOP PICK
REIT market hasn't done anything. This one has grown into its valuation. Good valuation. Trades at a discount to its NAV. Trades at around 14X AFFO. Largest outdoor shopping mall centres giving them economies of scale. Going into lease rollovers, which will lift growth 5% to 6%. Have a great land bank.
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