TORONTO — RioCan Real Estate Investment Trust executives say the business can weather economic headwinds even after reporting its second-quarter net income was almost halved since last year. While a near 40-year high inflation level is boosting construction costs and hampering consumer spending, the Toronto-based landlord said Tuesday that it is confident it can navigate such conditions because most of its projects in the works have fixed contracts, there's a lack of new retail spaces built over
Net income of $78.5 million and FFO per unit 1 of $0.431.5 million sq. ft. of new and renewed leases with renewal leasing spread of 11.2% and blended spread of 10.5% TORONTO, Aug. 08, 2022 (GLOBE NEWSWIRE) -- RioCan Real Estate Investment Trust (“RioCan" or the "Trust”) (TSX: REI.UN) announced today its financial results for the three and six months ended June 30, 2022 (the "Second Quarter"). “Our strong results for the quarter reflect our capacity to generate quality income and growth in any en
Canadian REITs are down considerably and now offer investors high yields for portfolios focused on passive income. The post 2 Cheap High-Yield Canadian REITs to Buy for Passive Income appeared first on The Motley Fool Canada.