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RioCan Real Estate Investment

REI.UN-T

TSE:REI.UN

22.58
0.01 (0.04%)
RioCan Real Estate Investment Trust is the second-largest real estate investment trust in Canada. It has an enterprise value of approximately $14 billion, and owns 289 primarily retail properties, with a net leasable area of 44 million square feet.
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Analysis and Opinions about REI.UN-T

Signal
Opinion
Expert
Chart
HOLD
HOLD
May 31, 2021
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.
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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.
Andrew Moffs
Price
$21.230
Owned
Unknown
HOLD
HOLD
April 8, 2021
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.
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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.
DON'T BUY
DON'T BUY
January 28, 2021
Likes the way it's positioned to take advantage of opportunities in the future. Has transitioned to focus on the major markets. It's a trading stock. Question marks on the horizon. Not a buy today. Still volatility ahead.
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Likes the way it's positioned to take advantage of opportunities in the future. Has transitioned to focus on the major markets. It's a trading stock. Question marks on the horizon. Not a buy today. Still volatility ahead.
Andrew Moffs
Price
$17.260
Owned
No
DON'T BUY
DON'T BUY
January 12, 2021
They over-distributed, so he avoided it. Then, the pandemic hit them hard, because they own some retail. Also, there are CEO succession worries. He avoids office and retail and likes industrials and multi-residential in real estate. This REIT is cheap, though, on valuation. It's hard to determine which sectors will survive in real estate.
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They over-distributed, so he avoided it. Then, the pandemic hit them hard, because they own some retail. Also, there are CEO succession worries. He avoids office and retail and likes industrials and multi-residential in real estate. This REIT is cheap, though, on valuation. It's hard to determine which sectors will survive in real estate.
DON'T BUY
DON'T BUY
December 10, 2020
Just cut distribution. Largest mall operator in Canada, and many aren't paying rent. Question is will people and tenants come back. It's on the wrong side of the trend. Steer clear. He owns CAP, apartment buildings are terrific assets. Also owns Crombie (grocery) and Granite (industrial) REITs.
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Just cut distribution. Largest mall operator in Canada, and many aren't paying rent. Question is will people and tenants come back. It's on the wrong side of the trend. Steer clear. He owns CAP, apartment buildings are terrific assets. Also owns Crombie (grocery) and Granite (industrial) REITs.
David Baskin
Price
$17.320
Owned
No
HOLD
HOLD
December 4, 2020
The dividend cut is a prudent move by REI. They are looking into the future and judging the sustainability of the tenants. Pulling the dividend back to ride out difficult periods is a good idea. The recovery will not be smooth. They have tried to diversify more into residential markets. A well-managed company.
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The dividend cut is a prudent move by REI. They are looking into the future and judging the sustainability of the tenants. Pulling the dividend back to ride out difficult periods is a good idea. The recovery will not be smooth. They have tried to diversify more into residential markets. A well-managed company.
Michael Sprung
Price
$17.400
Owned
Unknown
BUY
BUY
November 10, 2020
It overshot to levels that are now attractive. Yes, retail has been pressured during Covid, but the selling of REI is overdone. REI has done a great job to re-focus their portfolio within Canada's best markets. They now have a better portfolio, building multi-family units and executing well. There's real value here. Their 9% dividend will likely be cut, though.
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It overshot to levels that are now attractive. Yes, retail has been pressured during Covid, but the selling of REI is overdone. REI has done a great job to re-focus their portfolio within Canada's best markets. They now have a better portfolio, building multi-family units and executing well. There's real value here. Their 9% dividend will likely be cut, though.
Andrew Moffs
Price
$16.180
Owned
Yes
COMMENT
COMMENT
September 29, 2020

Better value than BPY.UN. This issued equity at $25 just a year ago. The CEO says the dividend is safe and will stay that way. They do a fine job to concentrate on key markets in Canada. It's stable short-term. Has a growing portfolio outside retail that will add a lot of value. Pays a safe dividend over 10%.

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Better value than BPY.UN. This issued equity at $25 just a year ago. The CEO says the dividend is safe and will stay that way. They do a fine job to concentrate on key markets in Canada. It's stable short-term. Has a growing portfolio outside retail that will add a lot of value. Pays a safe dividend over 10%.

Andrew Moffs
Price
$14.260
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
September 10, 2020
(A Top Pick Sep 04/19, Down 41%) Sold it in mid-January, luckily. The stock has slid in half since. He didn't see the pandemic and oil price coming then, and now there's too much uncertainty in the retail space to return to it.
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(A Top Pick Sep 04/19, Down 41%) Sold it in mid-January, luckily. The stock has slid in half since. He didn't see the pandemic and oil price coming then, and now there's too much uncertainty in the retail space to return to it.
Brian Madden
Price
$14.860
Owned
No
DON'T BUY
DON'T BUY
August 20, 2020
Bulk of their business is in retail, and that's the difficult part of the story. Reassessing retail in Canada and globally. They have a mall with one big client, and then a lot of smaller ones whose future is uncertain.
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Bulk of their business is in retail, and that's the difficult part of the story. Reassessing retail in Canada and globally. They have a mall with one big client, and then a lot of smaller ones whose future is uncertain.
Paul Harris, CFA
Price
$15.320
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
August 4, 2020
(A Top Pick Aug 07/19, Down 38%) He sold before COVID hit. He was lucky. He actually made money on this stock. Retail REITs still haven't recovered. He's happy to be out, even at these lower prices. Can the dividend survive?
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(A Top Pick Aug 07/19, Down 38%) He sold before COVID hit. He was lucky. He actually made money on this stock. Retail REITs still haven't recovered. He's happy to be out, even at these lower prices. Can the dividend survive?
Brian Madden
Price
$14.960
Owned
No
DON'T BUY
DON'T BUY
June 26, 2020
Their difficulty is the retail spaces and all the variable that will influence its future value. A very difficult environment for malls as growth in sales is not there. Stay away. Look for apartment REITs instead.
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Their difficulty is the retail spaces and all the variable that will influence its future value. A very difficult environment for malls as growth in sales is not there. Stay away. Look for apartment REITs instead.
DON'T BUY
DON'T BUY
May 25, 2020

It is not one of his favourites. SRU.UN-T would be a preference.

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It is not one of his favourites. SRU.UN-T would be a preference.

Andrew Pyle
Price
$14.280
Owned
No
DON'T BUY
DON'T BUY
May 11, 2020
It has diversified to a certain extent. They have put up other kinds of real estate within their malls. If you want to be in real estate, then there are much better places to be.
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It has diversified to a certain extent. They have put up other kinds of real estate within their malls. If you want to be in real estate, then there are much better places to be.
Paul Harris, CFA
Price
$14.930
Owned
Unknown
WEAK BUY
WEAK BUY
April 30, 2020
It is a great company, focused on retail and a growing portfolio in multi-family and office. They have done a very good job. They will probably be opportunistic. It trades at a wide discount and he thinks the dividend is safe; however he sees more value elsewhere.
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It is a great company, focused on retail and a growing portfolio in multi-family and office. They have done a very good job. They will probably be opportunistic. It trades at a wide discount and he thinks the dividend is safe; however he sees more value elsewhere.
Andrew Moffs
Price
$16.580
Owned
Unknown
Showing 1 to 15 of 544 entries

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

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 3

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 8

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, 8 stock analysts published opinions about REI.UN-T. 2 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is HOLD. 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 Andrew Moffs on 2021-05-31. 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?

8 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 2021-09-17, RioCan Real Estate Investment (REI.UN-T) stock closed at a price of $22.58.