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RioCan Real Estate Investment Trust T.REI.UN

Alternate Symbol(s):  RIOCF

Real Estate REIT - Retail
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

RioCan Real Estate Investment Trust
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Post by hroark7on May 12, 2023 3:37pm
169 Views
Post# 35446155

Strong Q1 2023 Earnings

Strong Q1 2023 EarningsStrong Q1 2023 earnings due to competent execution. Growth plan affirmed.

Payout ratio is already dropping after 1 quarter. Now at 59%. Their target range is 55-65%. At this current rate, another dividend increase next year is guaranteed.

Gitlin was just on BNN. They haven't made any more retail in over a decade and RioCan's is well-located:
https://www.bnnbloomberg.ca/video/waiting-to-see-very-insane-construction-costs-settle-riocan-reit-s-jonathan-gitlin~2685460

Recently added to my RioCan position and will continue to add.

PS: Snake stay away from my stock, keep to your dogfood stocks.
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