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RioCan Real Estate Investment (REI.UN-T)

ON STOCKCHASE SINCE Mar 2001

shopping centres/big box stores

property mngmnt/investment

RioCan Real Estate Invest...
REI.UN-T

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Signal	Opinion	Expert
TOP PICK	RioCan Real Estate Investment(REI.UN-T) April 11, 2019 A cheap stock that pays a 5.5% yield, It's re-rating higher. They are pivoting away from malls to mixed-use properties with condos on top--high-density buildings. (Analysts’ price target is $27.50) property mngmnt/investment 0 0 0 0 0 0 comments	A cheap stock that pays a 5.5% yield, It's re-rating higher. They are pivoting away from malls to mixed-use properties with condos on top--high-density buildings. (Analysts’ price target is $27.50) property mngmnt/investment 0 0 0 0 0 0 comments Brian Madden Senior VP , Goodreid Investment ... Price $26.320 Owned Yes

BUY on WEAKNESS	RioCan Real Estate Investment(REI.UN-T) April 1, 2019 This is the big one. It is a solid company with a long track record. They announced a couple of years ago they would sell secondary assets in secondary markets. They are trying to expand the types of users in their locations. He thinks they are making the right focus. The current COO will step in as CEO in the near future. He thinks cash flow growth could remain quite strong. It is not cheap so you could probably wait before you add more. property mngmnt/investment 0 0 0 0 0 0 comments	This is the big one. It is a solid company with a long track record. They announced a couple of years ago they would sell secondary assets in secondary markets. They are trying to expand the types of users in their locations. He thinks they are making the right focus. The current COO will step in as CEO in the near future. He thinks cash flow growth could remain quite strong. It is not cheap so you could probably wait before you add more. property mngmnt/investment 0 0 0 0 0 0 comments Joshua Varghese Portfolio , Signature Global Ass... Price $26.490 Owned Unknown
COMMENT	RioCan Real Estate Investment(REI.UN-T) March 20, 2019 Never owned it, not because he dislikes it, but they're so large, it's hard to change what they own. For example, they bought then sold the U.S, and now they're buying Canada. He prefers SRU.U-T in the same space, but Walmart anchors them. In contrast, RioCan had to deal with the Sears and Target closings. SRT has rallied for the past few months, despite the Amazon effect, but still has room to grow. Nothing wrong with REI.UN, but he prefers SRU.U. Managment are also large shareholders. property mngmnt/investment 0 0 0 0 0 0 comments	Never owned it, not because he dislikes it, but they're so large, it's hard to change what they own. For example, they bought then sold the U.S, and now they're buying Canada. He prefers SRU.U-T in the same space, but Walmart anchors them. In contrast, RioCan had to deal with the Sears and Target closings. SRT has rallied for the past few months, despite the Amazon effect, but still has room to grow. Nothing wrong with REI.UN, but he prefers SRU.U. Managment are also large shareholders. property mngmnt/investment 0 0 0 0 0 0 comments Paul Gardner, C Partner an, Avenue Investment Ma... Price $25.730 Owned No
BUY	RioCan Real Estate Investment(REI.UN-T) March 12, 2019 Riocan vs. Choice Properties REITs Riocan is trying to change their mix and their development properties are doing well. You're fine with either REIT, both quality. Choice is stable, because of Loblaw. Both are good for income in the long run. property mngmnt/investment 0 0 0 0 0 0 comments	Riocan vs. Choice Properties REITs Riocan is trying to change their mix and their development properties are doing well. You're fine with either REIT, both quality. Choice is stable, because of Loblaw. Both are good for income in the long run. property mngmnt/investment 0 0 0 0 0 0 comments Christine Poole CEO & Mana, GlobeInvest Capital ... Price $25.480 Owned Unknown
HOLD	RioCan Real Estate Investment(REI.UN-T) February 27, 2019 The real estate sector has held up well over the past 12 months. It is a stable dividend producer with good underlying assets. It is reasonably attractive and has a diversified portfolio. Continue to hold if you already do. Yield 5.8% property mngmnt/investment 0 0 0 0 0 0 comments	The real estate sector has held up well over the past 12 months. It is a stable dividend producer with good underlying assets. It is reasonably attractive and has a diversified portfolio. Continue to hold if you already do. Yield 5.8% property mngmnt/investment 0 0 0 0 0 0 comments Ryan Bushell President, Newhaven Asset Manag... Price $25.110 Owned No
DON'T BUY	RioCan Real Estate Investment(REI.UN-T) January 4, 2019 He only owns one REIT -- in international healthcare. He thought with interest rates going higher, the valuations are possibly going to be too high. property mngmnt/investment 0 0 0 0 0 0 comments	He only owns one REIT -- in international healthcare. He thought with interest rates going higher, the valuations are possibly going to be too high. property mngmnt/investment 0 0 0 0 0 0 comments Tim Regan Managing D, Kingwest & Company... Price $23.630 Owned No
COMMENT	RioCan Real Estate Investment(REI.UN-T) October 24, 2018 He would do more homework on this. It used to be a stellar Canadian REIT, but their main investments, commercial properties, have been hit by technological disruptions. They are now moving into residential properties, which is good. Well-managed and pays a good dividend yield below 6%. They manage their balance sheet well. Could be quite an interesting investment. property mngmnt/investment 0 0 0 0 0 0 comments	He would do more homework on this. It used to be a stellar Canadian REIT, but their main investments, commercial properties, have been hit by technological disruptions. They are now moving into residential properties, which is good. Well-managed and pays a good dividend yield below 6%. They manage their balance sheet well. Could be quite an interesting investment. property mngmnt/investment 0 0 0 0 0 0 comments Michael Sprung President, Sprung Investment Ma... Price $23.970 Owned No
BUY	RioCan Real Estate Investment(REI.UN-T) October 24, 2018 Many have been betting that Amazon will crush every brick and mortar retailer, which he thinks is far too simplistic. Shorting a REIT is an expensive carry. Riocan has whittled down their portfolio and made it high grade, including their biggest, a massive $3-billion project in downtown Toronto. They're re-purposing retail space into better use, which will drive up share prices and the dividend yield now around 6%. property mngmnt/investment 0 0 0 0 0 0 comments	Many have been betting that Amazon will crush every brick and mortar retailer, which he thinks is far too simplistic. Shorting a REIT is an expensive carry. Riocan has whittled down their portfolio and made it high grade, including their biggest, a massive $3-billion project in downtown Toronto. They're re-purposing retail space into better use, which will drive up share prices and the dividend yield now around 6%. property mngmnt/investment 0 0 0 0 0 0 comments Brian Madden Senior VP , Goodreid Investment ... Price $23.970 Owned Yes
HOLD	RioCan Real Estate Investment(REI.UN-T) September 21, 2018 They primarily hold retail assets. In a non-registered account, this is an awesome income generation with a good payout ratio. They hold higher quality assets and they have been divesting some assets. It also trades at a 15% discount to NAV. Yield 5.8%. property mngmnt/investment 0 0 0 0 0 0 comments	They primarily hold retail assets. In a non-registered account, this is an awesome income generation with a good payout ratio. They hold higher quality assets and they have been divesting some assets. It also trades at a 15% discount to NAV. Yield 5.8%. property mngmnt/investment 0 0 0 0 0 0 comments Rob Tetrault Portfolio , Tetrault Wealth Advi... Price $24.870 Owned No
COMMENT	RioCan Real Estate Investment(REI.UN-T) August 8, 2018 Not a lot of detail regarding cannabis retail market yet. May be an opportunity for retail rentals and possibly good for them. Too early to say what impact this may have for Riocan. property mngmnt/investment 0 0 0 0 0 0 comments	Not a lot of detail regarding cannabis retail market yet. May be an opportunity for retail rentals and possibly good for them. Too early to say what impact this may have for Riocan. property mngmnt/investment 0 0 0 0 0 0 comments Christine Poole CEO & Mana, GlobeInvest Capital ... Price $24.810 Owned Unknown
DON'T BUY	RioCan Real Estate Investment(REI.UN-T) July 31, 2018 Solid management. But it’s in retail, which is not doing well. Transitioned out of US. Sears and Target receiverships. Nothing wrong with it. Neutral on it. Doesn’t like the retail sector, with the Amazon effect. Doesn’t foresee anything that will transform it. (Analysts’ price target is $27.00.) property mngmnt/investment 0 0 0 0 0 0 comments	Solid management. But it’s in retail, which is not doing well. Transitioned out of US. Sears and Target receiverships. Nothing wrong with it. Neutral on it. Doesn’t like the retail sector, with the Amazon effect. Doesn’t foresee anything that will transform it. (Analysts’ price target is $27.00.) property mngmnt/investment 0 0 0 0 0 0 comments Paul Gardner, C Partner an, Avenue Investment Ma... Price $24.820 Owned No
WEAK BUY	RioCan Real Estate Investment(REI.UN-T) July 12, 2018 It is not a bad alternative for individuals in their retirement years. You need to have your return expectations in check. You are getting same property NOI in the single digits. They are in the process of high grading their real estate and will be left with more core urban centers typically near transit. You can't expect more than single digit returns. property mngmnt/investment 0 0 0 0 0 0 comments	It is not a bad alternative for individuals in their retirement years. You need to have your return expectations in check. You are getting same property NOI in the single digits. They are in the process of high grading their real estate and will be left with more core urban centers typically near transit. You can't expect more than single digit returns. property mngmnt/investment 0 0 0 0 0 0 comments Stephen Groff Principal , Cambridge Global Ass... Price $24.660 Owned Unknown
DON'T BUY	RioCan Real Estate Investment(REI.UN-T) July 4, 2018 He does not presently hold any REITs today. It is consumer retail sales oriented and is interest rate sensitive. He is leery of both of these fundamental drivers. property mngmnt/investment 0 0 0 0 0 0 comments	He does not presently hold any REITs today. It is consumer retail sales oriented and is interest rate sensitive. He is leery of both of these fundamental drivers. property mngmnt/investment 0 0 0 0 0 0 comments Norman Levine Managing D, Portfolio Management... Price $24.440 Owned No
TOP PICK	RioCan Real Estate Investment(REI.UN-T) June 28, 2018 284 properties. They are high grading their portfolio. They focus on the six biggest cities. They are also doing projects involving commercial ground floor and residential above. Their pipeline is rich with these sorts of opportunities. Their yield may migrate from 6% to 3% keeping in line with residential REITs. It is a bit contrarian. (Analysts’ target: $27.00). property mngmnt/investment 0 0 0 0 0 0 comments	284 properties. They are high grading their portfolio. They focus on the six biggest cities. They are also doing projects involving commercial ground floor and residential above. Their pipeline is rich with these sorts of opportunities. Their yield may migrate from 6% to 3% keeping in line with residential REITs. It is a bit contrarian. (Analysts’ target: $27.00). property mngmnt/investment 0 0 0 0 0 0 comments Brian Madden Senior VP , Goodreid Investment ... Price $24.340 Owned Yes
BUY	RioCan Real Estate Investment(REI.UN-T) June 25, 2018 He has not increased his weight in it over the last few years. Now that we have had rates go up it is a better time to enter a stock like this. He likes to buy these at a 10% discount to NAV, which this one is. XRE-T has been showing strength recently, which demonstrates how the sector is doing. property mngmnt/investment 0 0 0 0 0 0 comments	He has not increased his weight in it over the last few years. Now that we have had rates go up it is a better time to enter a stock like this. He likes to buy these at a 10% discount to NAV, which this one is. XRE-T has been showing strength recently, which demonstrates how the sector is doing. property mngmnt/investment 0 0 0 0 0 0 comments Robert Lauzon Deputy Chi, Middlefield Capital ... Price $24.260 Owned Unknown

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