RioCan REIT receives Investment Bank Analyst Rating Update
Investing.com – Canada equities were lower at the close on Thursday, as losses in the IT, Consumer Discretionary and Materials sectors propelled shares lower. At the close in...
By Nichola Saminather and Victoria Waldersee TORONTO/LISBON (Reuters) - As the coronavirus pandemic rages and most downtown office employees in many cities work from home at least...
RioCan Real Estate Investment Trust is a Canada-based real estate investment trust (REIT). The Company owns, develops, and operates a portfolio of retail-focused and increasingly mixed-use properties. Its portfolio includes leasing, development, and residential. The majority of its properties are comprised of necessity-based tenants, such as grocery, pharmacy, liquor, personal services, and specialty and value retailers. The Company has approximately 200 properties for a commercial lease, including grocery-anchored, open-air, mixed-use/urban, and enclosed centers. The Company has approximately 200 properties. The Company's brand, RioCan Living cultivates opportunities to turn select existing retail shopping centers into mixed-use communities. They range from rental apartments to ultra-luxury condos. The Company's tenants include Loblaws and Canadian Tire to Winners, Dollarama and Metro.
|Average||24.56 (+9.31% Upside)|
|No. of Analysts||8|