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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
(A Top Pick Jun 5/06. Up 18.3%.) Has shopping centres across the country and low debt. Multiples are a little bit high. Has under performed.
HOLD
Retail, focused on unenclosed power centres. Had a healthy run based on analysts’ feelings that it was going to be taken out. Significant internal growth. Fully valued.
BUY
Always looks like it is a little bit expensive, but their history says that you should go with it. Long-term play.
DON'T BUY
Best in class. Have all the open concept shopping centres. Biggest out there, so they have economies of scale, but very hard for them to be a creative and add value. Prefers a smaller one such as Artis REIT (AX.UN-T) or First Capital Realty (FCR-T). Not particularly cheap.
BUY
Not a bad one to own. Was not affected by the income trust tax change, because it is a REIT. Primary shopping centres. Very good operator. 5.1% yield. Largely tax protected outside an RRSP.
HOLD
One of the premier REITs. They are so large, that they have pricing power and can push price increases through on their tenants. Private equity firms are buying up REITs pushing the price up and reducing the yield. Expects a 6%-8% return.
BUY
A core position flagship REIT.
TOP PICK
Has been hurting for a while. Had made an announcement they were going with a US group, but are now backing off that. Stock price dropped.
HOLD
The bellwether REIT for the entire Canadian REIT market. Retail focused. Unenclosed power centres. Recently announced a partnership, which will be their platform for growth.
BUY
Shopping mall REIT. Largest in Canada. Great management. Have increased their distributions nicely. Their problem is that they are so big it is hard for them to impact their portfolio. To overcome this they have gone into green development, i.e. go with a partner and develop malls rather than buying. Good defensive holding.
HOLD
The REIT sector will not be affected by the government ruling on trusts. Once there is a clearer view on where the government is going, you'll have an indication as to whether to buy or not.
HOLD
Retail focused. Trading at 19 X free cash flow. A very stable name. Fully priced.
HOLD
One of the pre-eminent shopping centre REITs. On a global basis Canadian REITs are relatively cheap, but the yield is relative low,
DON'T BUY
REITs was the one sector not affected by the income trust taxation ruling and a lot of money moved in to this area. The yield is just over 5% now. Not much better than a long bond.
BUY
The largest community shopping centre operator in Canada. Doesn't feel it will be impacted by the proposed legislation.
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