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 cut its distributions as retail lockdowns in the key Ontario market hurt rental revenue. However, the REIT’s new developments will cut its exposure to retailers, which should push your units higher in the next few years.
RIOCAN REAL ESTATE INVESTMENT TRUST $20 remains a buy. This REIT (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 317.7 million; Market cap: $6.4 billion; Price-to-sales ratio: 5.5; Distribution yield: 4.8%; TSINetwork Rating: Average; www.riocan.com) owns all or part of 223 shopping centres and other properties across Canada, with 38.3 million square feet of gross leasable space....
RIOCAN REAL ESTATE INVESTMENT TRUST $20 remains a buy. This REIT (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 317.7 million; Market cap: $6.4 billion; Price-to-sales ratio: 5.5; Distribution yield: 4.8%; TSINetwork Rating: Average; www.riocan.com) owns all or part of 223 shopping centres and other properties across Canada, with 38.3 million square feet of gross leasable space....
EMERA INC. $54 is a buy. The company (Toronto symbol EMA; Income Portfolio, Utilities sector; Shares outstanding: 249.4 million; Market cap: $13.5 billion; Price-to-sales ratio: 2.4; Dividend yield: 4.7%; TSINetwork Rating: Average; www.emera.com) owns 100% of Nova Scotia Power, that province’s main electricity supplier....
RIOCAN REAL ESTATE INVESTMENT TRUST $17 is still a buy. The REIT (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 317.7 million; Market cap: $5.4 billion; Price-to-sales ratio: 4.1; Dividend yield: 8.5%; TSINetwork Rating: Average; www.riocan.com) owns all or part of 220 shopping centres and other properties across Canada.
Due to COVID-19, RioCan collected 55% of its total rental payments in April 2020....
Due to COVID-19, RioCan collected 55% of its total rental payments in April 2020....
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RIOCAN REAL ESTATE INVESTMENT TRUST $27.07, is a buy. The REIT (Toronto symbol REI.UN; Units outstanding: 303.8 million; Market cap: $8.6 billion; TSINetwork Rating: Average; Dividend yield: 5.3%; www.riocan.com) continues expand under the RioCan Living brand it formed to build and market residential apartments and condominiums.
RioCan recently completed two residential projects and is working on eight more....
RioCan recently completed two residential projects and is working on eight more....
PENGROWTH ENERGY, $0.055, is a sell for our subscribers. The troubled energy producer (Toronto symbol PGF; Shares outstanding: 547.4 million; Market cap: $28.0 million; TSINetwork Rating: Speculative; No dividends paid; www.pengrowth.com) has two main properties: its Lindbergh oil sands project in Alberta, and its Groundbirch natural gas property in northeastern B.C.
Pengrowth has now accepted a takeover offer....
Pengrowth has now accepted a takeover offer....
CHEMTRADE LOGISTICS INCOME FUND $11 (Toronto symbol CHE.UN; High-Growth Payer Portfolio, Manufacturing & Industry sector; Units o/s: 92.6 million; Market cap: $1.0 billion; Dividend yield: 10.9%; Dividend Sustainability Rating: Average; www.chemtradelogistics.com) is one of the largest removal-service providers for resource firms that create acid and sulphur by-products....
RIOCAN REAL ESTATE INVESTMENT TRUST $26 (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 304.2 million; Market cap: $7.9 billion; Price-to-sales ratio: 6.5; Dividend yield: 5.5%; TSINetwork Rating: Average; www.riocan.com) continues to focus on six major urban markets: Toronto, Montreal, Ottawa, Calgary, Edmonton and Vancouver.
Under that plan, RioCan has agreed to buy Kingsett Capital’s 50% interest in Toronto’s Yonge Sheppard Centre for $331 million....
RIOCAN REAL ESTATE INVESTMENT TRUST $26.02 (Toronto symbol REI.UN; Units outstanding: 303.8 million; Market cap: $7.9 billion; TSINetwork Rating: Average; Dividend yield: 5.5%; www.riocan.com) owns all or part of 230 shopping centres and other properties across Canada....