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Investor Insights

This summary was created by AI, based on 5 opinions in the last 12 months.

RioCan Real Estate Investment is a blue chip in shopping centre space with a growing footprint in residential areas. The company is expected to benefit from capital coming in to pay down debt and has shown internal growth of 3-4%. Despite some concerns about occupancy and the dynamic retail environment, the company has a nice yield of 6% and is generally considered to be in a good spot.

Consensus
Mixed
Valuation
Fair Value
Similar
SRU.UN, WMT-T
BUY

Blue chip in shopping centre space. Growing footprint in residential. Will benefit from capital coming in to pay down debt. Internal growth is 3-4%. Good one to own going forward. Nice yield of 6%.

property mngmnt / investment
BUY

Distribution very safe due to proactive cutting during pandemic. Achievable net operating growth of 3%, last quarter was 3.7%. Despite rising rates, with population growth, limited new supply, and limited retail bankruptcies, setup generally good for shopping centres in Canada. In a good spot.

property mngmnt / investment
DON'T BUY

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.

property mngmnt / investment
DON'T BUY

It's in the most hated sector (office real estate and malls), given low occupancy rates in cities like Toronto and competition from Amazon. Also, Riocan carries a lot of debt. Debt is rising; rents are falling. Don't touch it.

property mngmnt / investment
COMMENT

It is doing a lot of things right and has a good distribution. He prefers a REIT with growth.

property mngmnt / investment
BUY

Great portfolio of retail and office, plus some new residential buildings. Solid yield of around 5.4%. Trades at a discount to NAV. Solid management. A buy.

property mngmnt / investment
BUY
They manage one of Canada's largest portfolios of shopping centres in major cities. A very good stock. Retail isn't in favour, but REI has great assets in the right markets. Has a good development pipeline and he believes they can grow cash flow in that period.
property mngmnt / investment
WEAK BUY
Raise dividend next 2-3 quarters? Pretty big dividend. Modelling dividend growth around 5%. Good payout ratio, very good value here. Don't buy just as a bet on a dividend raise. Not as recession-resilient as some, but you'll still probably get dividend growth. Big dividend already. Modelling dividend growth around 7%. Good payout ratio, very good value here. Don't buy just as a bet on a dividend raise. Recession-resilient, nat gas tailwinds. Despite everything, will probably see dividend growth.
property mngmnt / investment
BUY
Owns shares in company and believes company is executing well. Weathering downturn well. Retail oriented, but adding multi-family units as well. Expecting earnings growth going forward.
property mngmnt / investment
COMMENT
Granite vs. Riocan REITs She owns neither, though they are both well run that should do well long term. Granite is better given strong demand for industrial warehouses, driven by ongoing e-commerce.
property mngmnt / investment
BUY
TCN has a unique concept, single-family rentals south of the border. Lots of traction. Valuation too hot. Long-term scalability might be tough. For good value and a higher dividend, look at AX.UN, BEI.UN, or REI.UN.
property mngmnt / investment
BUY
Positive on it. Discount to NAV. Now seeing a turn in prospects of the leasing environment. Good job on collection rates, now around 98%. Disciplined capital allocation.
property mngmnt / investment
DON'T BUY
Incredibly well run, in the retail space. Shifting more into the residential space, which is already extremely crowded. Sensitive to rising rates. Very little distribution growth. Avoid.
property mngmnt / investment
HOLD
He focuses little on the distribution, but rather on the total return. This one he likes. They have great management. The market was not giving them credit for the resiliency of their portfolio. He would continue to hold on to it.
property mngmnt / investment
HOLD
Heavily into retail, so has had a difficult time. Trades at a significant discount to NAV, and it's finally under-distributing, which is safer. Hold it, and hope for the recovery. Expects numbers to improve. Projects are coming online. The worst is behind them.
property mngmnt / investment
Showing 1 to 15 of 557 entries

RioCan Real Estate Investment(REI.UN-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 4

Stockchase rating for RioCan Real Estate Investment is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

RioCan Real Estate Investment(REI.UN-T) Frequently Asked Questions

What is RioCan Real Estate Investment stock symbol?

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

Is RioCan Real Estate Investment a buy or a sell?

In the last year, 4 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.

Is RioCan Real Estate Investment a good investment or a top pick?

RioCan Real Estate Investment was recommended as a Top Pick by on . Read the latest stock experts ratings for RioCan Real Estate Investment.

Why is RioCan Real Estate Investment stock dropping?

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.

Is RioCan Real Estate Investment worth watching?

4 stock analysts on Stockchase covered RioCan Real Estate Investment In the last year. It is a trending stock that is worth watching.

What is RioCan Real Estate Investment stock price?

On 2024-04-16, RioCan Real Estate Investment (REI.UN-T) stock closed at a price of $17.52.