Professional
Added to YB: 2025-08-13
Pitch date: 2025-08-11
REI-UN.TO [neutral]
RioCan Real Estate Investment Trust
+5.14%
current return
Author Info
Nugget Capital Partners is a research analyst specializing in resources w/ focus on energy. Sign up for the newsletter.
Company Info
RioCan is one of Canada’s largest real estate investment trusts. RioCan owns, manages and develops retail-focused, mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work.
Market Cap
CAD 5.2B
Pitch Price
CAD 17.37
Price Target
N/A
Dividend
6.55%
EV/EBITDA
21.11
P/E
18.60
EV/Sales
10.15
Sector
Retail REITs
Category
dividend
Elevator thoughts on NCP's REITs - RioCan Real Estate Investment Trust
REI-UN.TO (holding update): Top retail REIT with rising leasing spreads despite choppy macro. $200M residential dispositions YTD with promised buybacks. Discounted on HBC bankruptcy concerns. 6% yield while waiting for sentiment improvement. Portfolio fundamentals at all-time high not reflected in price. Potential rotation beneficiary.
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