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Nervous markets await NvidiaThis summary was created by AI, based on 6 opinions in the last 12 months.
RioCan Real Estate Investment (REI.UN) continues to be a significant player in the retail-focused sector of real estate investment trusts (REITs). Despite facing challenges, such as the ongoing weakness in retail and the implications of The Bay situation, the company has maintained a healthy retail occupancy rate of 96% and a modest rental growth of 1.5%. The management team is refocusing on urban centers, which is seen as a positive strategy moving forward. Additionally, there's potential for attractive valuation due to a high double-digit discount to net asset value (NAV) and growing multi-family residential portfolios. However, the overhang of $600 million in condos closing in the next three years and exposure to rising interest rates on debt raises some concerns about future performance and the complexities involved in asset acquisitions and developments.
Short term, he's constructive, likely more upside, a yield beneficiary. Medium term, might be one of the largest REITs in Canada, but one one of the smaller investors compared to pension plans, for example. Buying and developing assets is complex, expensive, and fraught with uncertainty. Fragile profile, despite good yield and recent rally.
Biggest proxy for the Canadian REIT market. Great assets, executes well. Over time, their strategic decisions get sideswiped. Occupancy issues, but they're improving. Dynamic for retail is not great, AMZN stole many lunches. Canadian consumer is tapped out, interest rates still high.
You'll probably be OK, but he'd buy a couple of names ahead of this one. He owns SRU.UN instead, anchored by WMT.
RioCan Real Estate Investment is a Canadian stock, trading under the symbol REI.UN-T on the Toronto Stock Exchange (REI.UN-CT). It is usually referred to as TSX:REI.UN or REI.UN-T
In the last year, 6 stock analysts published opinions about REI.UN-T. 2 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for RioCan Real Estate Investment.
RioCan Real Estate Investment was recommended as a Top Pick by on . Read the latest stock experts ratings for RioCan Real Estate Investment.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
6 stock analysts on Stockchase covered RioCan Real Estate Investment In the last year. It is a trending stock that is worth watching.
On 2025-04-04, RioCan Real Estate Investment (REI.UN-T) stock closed at a price of $16.63.
Still a REIT giant. Leads in the retail-focused, mixed-property use. Definitely impacted by The Bay situation. Retail weakness over next 6-12 months could be an issue.
Saw 96% retail occupancy in Q4, and 1.5% rental growth. Pressure from e-commerce. Issued debt in January to bolster balance sheet, debt is still manageable. Rate cuts could continue to spark leasing demand. Yield is 6%, cash machine for income lovers. Still reliable.