RioCan Real Estate Investment (REI.UN-T) Stock Predictions - Stockchase
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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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RioCan Real Estate Investment (REI.UN-T) SAVE Apr, 19, 2019, 9:13 am

25.95 0.2 (0.78%)

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

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. More at Wikipedia

What the experts are saying about REI.UN-T



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Signal Opinion Expert
TOP PICK
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)
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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
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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$26.320
Owned Owned
Yes

BUY on WEAKNESS
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.
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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.
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Joshua Varghese

Portfolio , Signature Global Ass...

Price Price
$26.490
Owned Owned
Unknown

COMMENT
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.
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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.
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Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$25.730
Owned Owned
No

BUY
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.
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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.
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$25.480
Owned Owned
Unknown

HOLD
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%
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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%
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Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$25.110
Owned Owned
No

DON'T BUY
He only owns one REIT -- in international healthcare. He thought with interest rates going higher, the valuations are possibly going to be too high.
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He only owns one REIT -- in international healthcare. He thought with interest rates going higher, the valuations are possibly going to be too high.
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Tim Regan

Managing D, Kingwest & Company...

Price Price
$23.630
Owned Owned
No

COMMENT

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.

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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.

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Michael Sprung

President, Sprung Investment Ma...

Price Price
$23.970
Owned Owned
No

BUY

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%.

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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%.

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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$23.970
Owned Owned
Yes

HOLD

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%.  

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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%.  

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Rob Tetrault

Portfolio , Tetrault Wealth Advi...

Price Price
$24.870
Owned Owned
No

COMMENT

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.

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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.

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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$24.810
Owned Owned
Unknown

DON'T BUY

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.)

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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.)

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Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$24.820
Owned Owned
No

WEAK BUY

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.

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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.

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Stephen Groff

Principal , Cambridge Global Ass...

Price Price
$24.660
Owned Owned
Unknown

DON'T BUY

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.  

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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.  

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Norman Levine

Managing D, Portfolio Management...

Price Price
$24.440
Owned Owned
No

TOP PICK

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).

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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).

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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$24.340
Owned Owned
Yes

BUY

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.

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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.

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Robert Lauzon

Deputy Chi, Middlefield Capital ...

Price Price
$24.260
Owned Owned
Unknown

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