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Investor Insights

This summary was created by AI, based on 7 opinions in the last 12 months.

RioCan Real Estate Investment Trust (REI.UN-T) remains a substantial player in the mixed-use retail space, maintaining a robust 96% retail occupancy in Q4 along with a modest 1.5% rental growth. The company's current challenges stem from increasing e-commerce pressure and a complicated condo market, yet it is seen as a reliable investment, particularly for income seekers, due to its 6% yield. Experts recognize the potential for upside as RioCan refocuses on urban centers and considers capital reallocations, especially concerning its multi-family residential portfolio. Despite some concerns about debt management in a rising interest environment, overall sentiment is cautiously optimistic, with several experts noting that now might be the right time to invest given favorable risk/reward dynamics.

Consensus
Positive
Valuation
Undervalued
HOLD

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.

TOP PICK

Value pick given current share price. Company beginning to find its way again. Returning back to core strengths of the business. Focus on urban centers very good idea. Management team is performing well. 

BUY

Attractive level, high double-digit discount to NAV. Great portfolio. Multi-family residential portfolio is growing, may start selling it off and reallocating capital to retail or to share buybacks. Overhang: $600M worth of condos closing in next 3 years. Risk/reward is in your favour to buy here.

HOLD

Concerns over exposure to condo market. Great portfolio, quite defensive. He's bullish on outdoor shopping centre landscape across Canada, with low supply and increasing demand from population growth. Great management. You're well served by holding on.

SELL ON STRENGTH

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.

DON'T BUY

Exposed to rising interest rate payments on debt used to buy properties. Good yield is in competition with no-risk bonds. In the space he owns CAR.UN instead, which is multi-family housing.

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%.

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.

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.

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.

COMMENT

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

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.

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.
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.
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.
Showing 1 to 15 of 563 entries

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

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 6

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, 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.

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?

6 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 2025-03-28, RioCan Real Estate Investment (REI.UN-T) stock closed at a price of $17.2.