riocan real estate investment trust
RioCan Real Estate Investment Trust (REIT) is one of the largest real estate investment trusts in Canada, focusing on necessity-based retail properties. As of 2024, it owns approximately 188 properties with a net leasable area of about 33 million square feet. Founded in 1993, RioCan has grown significantly through acquisitions and has been recognized for its innovative culture and strong financial performance.
The company aims to optimize the value of its properties through redevelopment and continues to expand its presence in densely populated communities across Canada.
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RIOCAN REAL ESTATE INVESTMENT TRUST, $19.74, is a buy. The REIT (Toronto symbol REI.UN; Units outstanding: 293.7 million; Market cap: $5.7 billion; TSINetwork Rating: Average; Dividend yield: 5.9%; www.riocan.com) owns all or part of 173 shopping centres and other properties across Canada, including eight under development. Its occupancy rate is a high 97.8%. The REIT has terminated the lease for the Toys R Us store at its Lawrence Allen Centre in Toronto after that chain filed for creditor protection. RioCan wants the courts to force the retailer to pay it about $4 million in unpaid rent and other claims. The trust also holds stakes in malls with Toys R Us stores in Orleans, Ontario, and Calgary.
RIOCAN REAL ESTATE INVESTMENT TRUST $20 is a buy. The REIT (Toronto symbol REI.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 293.7 million; Market cap: $5.9 billion; Dist. yield: 5.8%; Dividend Sustainability Rating: Average; www.riocan.com) last raised your monthly distribution by 4.3% with the March 2025 payment. The new annual rate of $1.158 a unit yields 5.8%.
The shopping mall owner continues to do a good job of getting its existing tenants to renew their leases. In the fourth quarter of 2025, the retention rate was 94.5%, up from 78.8% a year earlier. That helped lift revenue in the quarter by 0.6%, to $295.1 million from $293.3 million a year earlier. Due to higher interest costs, cash flow declined 6.8%, to $115.7 million from $124.2 million. On a per-unit basis, cash flow declined at a slower rate of 4.9%, to $0.39 from $0.41, due to fewer units outstanding.
The shopping mall owner continues to do a good job of getting its existing tenants to renew their leases. In the fourth quarter of 2025, the retention rate was 94.5%, up from 78.8% a year earlier. That helped lift revenue in the quarter by 0.6%, to $295.1 million from $293.3 million a year earlier. Due to higher interest costs, cash flow declined 6.8%, to $115.7 million from $124.2 million. On a per-unit basis, cash flow declined at a slower rate of 4.9%, to $0.39 from $0.41, due to fewer units outstanding.
Investors want to know what we think about real estate investing in Canada — and the answers may surprise you.
Canadian REITs are a good option for those wanting real estate representation in their portfolio
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RIOCAN REAL ESTATE INVESTMENT TRUST $21 is a buy. The REIT (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 303.9 million; Market cap: $6.4 billion; Price-to-sales ratio: 5.6; Distribution yield: 4.9%; TSINetwork Rating: Average; www.riocan.com) owns all or part of 202 shopping centres and other properties, as well as 12 projects under development.
RioCan continues to benefit as the economy re-opens....
RioCan continues to benefit as the economy re-opens....
RIOCAN REAL ESTATE INVESTMENT TRUST $23 is a buy. The REIT (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 317.8 million; Market cap: $7.3 billion; Price-to-sales ratio: 6.2; Distribution yield: 4.2%; TSINetwork Rating: Average; www.riocan.com) owns all or part of 210 shopping centres and other properties across Canada.
With the spread of the Omicron variant of COVID-19, Ontario, Quebec and other provinces have ordered gyms, movie theatres and restaurants to close....
With the spread of the Omicron variant of COVID-19, Ontario, Quebec and other provinces have ordered gyms, movie theatres and restaurants to close....
Download our free report and discover 7 stocks due for big gains after investors use tax-loss selling to cut their Canadian capital gains tax.
RIOCAN REAL ESTATE INVESTMENT TRUST $22 is a buy. The REIT (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 317.8 million; Market cap: $7.0 billion; Price-to-sales ratio: 6.0; Distribution yield: 4.4%; TSINetwork Rating: Average; www.riocan.com) continues to rebound as its shopping malls re-open....
RESTAURANT BRANDS INTERNATIONAL INC. $80 (www.rbi.com) is a buy. The company has 27,025 fast-food outlets in over 100 countries: 18,625 Burger King, 4,949 Tim Hortons (coffee and donuts), and 3,451 Popeyes Louisiana Kitchen (fried chicken). Restaurant Brands is now preparing to launch its first Popeye’s restaurant in the U.K....