RioCan is a leading retail REIT in Canada. It is an unincorporated closed-end trust. As one of Canada's largest real estate investment trusts, RioCan owns, manages and develops retail-focused, mixed-use properties located in prime, high populated areas in leading cities like Vancouver, Calgary, Edmonton, Toronto, Ottawa and Montreal.
Each of RioCan’s sites is strategically selected to meet the demographic and geographic needs of its retailers. Its vast portfolio comprises of 230 properties, including 13 development properties spanning 39 million square feet of leasable property.
The REIT derives 88% of its revenues (1Q19) from six of Canada’s major markets and 48% from the Greater Toronto Area, which is one of the fastest growing regions in Canada. RioCan’s portfolio is comprised of over 200 properties spanning across Canada, with some of the leading national retail businesses such as Walmart, Canadian Tire, Cineplex, Loblaws and Metro, being its leading tenants.
Stock Chart & Metrics
- Ticker: TSE:REI.UN
- Sector: Real Estate
- Industry: REIT - Retail
- Market Cap: 6.03B
- Market Cap Group: Mid Cap
- P/E: 31.35
- Dividend Yield: 5.37%
- Grade: D
- Dividend Aristocrat: NO
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
- Dividend Growth Fit: 1/10
- Dividend Income Fit: 4/10
Competitors
The competitive landscape is important as they compete for the same business. Below is the list of competitors in the same industry. While not displayed, a number of metrics you can also use to evaluate your picks are the Chowder Score, the Relative Strength Index (RSI), the Graham Number, and the Piotroski F-Score.
| Ticker | Ticker | Company | Market Cap | P/E | Yield | Aristocrat | Graph | SectorID | IndustryID |
|---|---|---|---|---|---|---|---|---|---|
| O | NYSE:O | Realty Income Corporation | 39.49 | 41.02 | 5.22 | YES | 1 | 10 | 84 |
| SPG | NYSE:SPG | Simon Property Group Inc. | 33.47 | 15.51 | 7.23 | NO | 1 | 10 | 84 |
| FRT | NYSE:FRT | Federal Realty Investment Trust | 7.10 | 18.56 | 4.96 | YES | 1 | 10 | 84 |
| REI.UN | TSE:REI.UN | RioCan | 6.03 | 31.35 | 5.37 | NO | 1 | 10 | 84 |
| CHP.UN | TSE:CHP.UN | Choice Properties REIT | 4.51 | 15.86 | 5.45 | NO | 1 | 10 | 84 |
| SRU.UN | TSE:SRU.UN | SmartCentres REIT | 3.70 | 14.95 | 7.24 | YES | 1 | 10 | 84 |
| FCR.UN | TSE:FCR.UN | First Capital REIT | 3.17 | 0.00 | 5.79 | NO | 1 | 10 | 84 |
| CRT.UN | TSE:CRT.UN | CT REIT | 1.65 | 36.17 | 5.69 | YES | 1 | 10 | 84 |
| PMZ.UN | TSE:PMZ.UN | Primaris REIT | 1.23 | 0.00 | 6.43 | NO | 1 | 10 | 84 |
| SGR.UN | TSE:SGR.UN | Slate Grocery REIT | 0.76 | 6.45 | 9.26 | NO | 1 | 10 | 84 |
| PLZ.UN | TSE:PLZ.UN | Plaza Retail REIT | 0.44 | 11.46 | 7.02 | NO | 1 | 10 | 84 |
Top Picks by Bay Street Experts
Expert stock analysts have shared their opinions, and sometimes prediction, on the company.
For more top picks from stock analysts on Bay Street, check the full list of top picks by expect stock analysts from investment and asset management firms.
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RioCan - FAQ
What is the stock ticker for RioCan?
The stock ticker for RioCan is TSE:REI.UN.
Is RioCan a good stock to buy?
You need to consider your investment strategy and how TSE:REI.UN can fit in your portfolio.
The current dividend income score of 4/10 and dividend growth score of 1/10. Those 2 metrics together should help you decide the fit for your portfolio. Be it for income or for growth.
Is RioCan a Buy, Sell or Hold?
The Dividend Snapshot Opportunity Score of 35 out of 100.
The score reflects the strength of a buy signal but it does not show a sell signal if it's low. The higher the better.
A sell signal is more difficult as it often relies on the reason you bought the stock in the first place.