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RioCan Real Estate Investment Trust T.REI.UN

Alternate Symbol(s):  RIOCF

RioCan Real Estate Investment Trust is a Canada-based real estate investment trust. The Company owns, manages and develops retail-focused, mixed-use properties. Its portfolio includes leasing, development, and residential. The Company’s properties are held by various tenants, such as grocery, pharmacy, liquor, personal services, and specialty and value retailers. Its portfolio comprises approximately 187 properties with an aggregate net leasable area of approximately 33 million square feet. Its properties include 1293 Bloor Street West; 145 Woodbridge Avenue; 1556 Bank Street; 1650 -1660 Carling Avenue; 1860 Bayview; 1946 Robertson Road; 2422 Fairview Street, and others. Its properties for commercial lease, including grocery anchored, open air, mixed-use/urban, and enclosed centers. Its residential brand, RioCan Living, delivers purpose-built rental units and condos. 1293 Bloor Street West is located at the intersection of Lansdowne Ave & Bloor Street in Toronto.


TSX:REI.UN - Post by User

Comment by Mirko22on May 05, 2021 9:33am
95 Views
Post# 33131049

RE:upgrade for Riocan

RE:upgrade for Riocan
incomedreamer11 wrote:

* CIBC World Markets analyst Dean Wilkinson raised his RioCan REIT (REI.UN-T) target to $23 from $22 with an “outperformer” rating, while Canaccord Genuity’s Mark Rothschild increased his target to $20.75 from $20 with a “hold” rating and BMO’s Jenny Ma hiked her target to $21 from $18.50 with a “market perform” recommendation.

“Largely reflecting one-time items which should not be recurring, RioCan REIT (RioCan) reported Q1/21 results that were below expectations,” Mr. Rothschild said. “Overall, however, operating performance was relatively stable, as expected, with leasing spreads on renewals remaining healthy at 5 per cent. Going forward, we do not anticipate a material improvement in operating performance in 2021, and it is likely to be 2022 before there is a more notable recovery in occupancy. Rent collections remain solid at 94%, and this number should trend higher in the near term. Further supporting cash flow growth is the REIT’s large development pipeline, which is heavily focused on residential projects.”. The average on the Street is $21.22



That all is all folks... Dream of $30 was nice but it was ugly dream. We live in the differrent world now. You can not compare apples to oranges like before... $22. We all made money ,,, Yieled is too low to hold for full position.

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