New plan will add to your rewards

Article Excerpt

It isn’t often we can confidently recommend to you a stock with a high 5.3% distribution yield. But, RioCan is one exception as its high-quality properties generate plenty of cash flow to keep your distributions steady. What’s more, the REIT continues to make moves designed to raise its cash flow and your prospects for higher returns. RioCan’s shift away from suburban big-box malls to big city properties with a better mix of office and residential space will drive that growth. Its new strategy cuts your exposure to traditional brick-and-mortar retailers, which face increasingly strong competition from online sellers like Despite its 16.7% gain since the start of 2019, the stock still represents a solid buying opportunity for Successful Investors looking to add to their current holdings. It’s also attractive for those of you now ready to seize this opportunity for the first time. RIOCAN REAL ESTATE INVESTMENT TRUST $27 is a buy for investors. The REIT (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing &…

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