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RioCan Real Estate Investment Trust (REI-UN.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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22.47+0.11 (+0.49%)
As of 4:00PM EDT. Market open.
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  • p
    If i could afford to buy more i would be picking up heavy at this price
  • J
    Jules Cesar
    with the hyper-woke pro-communist Trudeau re-elected, and the fact that NDP will have what it wants, I fear a ton a new taxes will arrive and will target anyone not depending on the government to survive : increase tax on capital gain, probably high taxes on wealth (begging with 1 million but being rapidly lower to quite small value), heavy tax on rich people, huge tax increase on corporations. The consequence of that will be a very significant impoverishment of the people, a severe and economic long-term downturn and massive exodus from the now far-left socialist Canada. What is your thoughts on the impact on RIOCAN ?
  • D
    what happened to this board? used to be full of peeps. now the top comment is 8 days ago.
  • c
    I was looking for some analysis price prediction forecast for Riocan in the span of 1 to 5 years. What’s y’all thoughts on how this will pickup long term?

    This is my analysis purely opinion based on current upcoming projects

    2021 end of year: 24
    2022: 25
    2023: 26
    2024: 27
    2025: 28 with reinstated distribution at 6 percent


    This is opinion based but would love to hear your figures…
  • B
    go to Canadian Real Estate Podcast , Gitlin has a long form interview for 40 minutes. Major bullish
  • m
  • P
    Pat the Rat
  • c
    Hello Riocan family. 80% of my portfolio is in Riocan. Some financial advisors would say it’s not a good move to place all your eggs in one basket. However I am very bullish on Riocan nevertheless would y’all consider having a 80% portfolio of only one stock a bad financial move? If so what other reits do you see comparable to Riocan and how much % percent wise is reasonable. I know some people in this board are potentially 100% Riocan but is that safe?

  • j
    HR more upside in out sold it all
  • B
    Gitlin open market buy a couple days ago for about 180K
  • B
    Just for those in this groups info. RioCan currently makes 14.30 per sq ft FFO annualized basis based on the most recent quarter. This was as low as 12.20 in q2 2020 and as high as 16.10 in q4 2019. So we have about another 1.50 per sqft FFO to regain which I expect will be q3 (or so close) and will exceed 16.10 per sqft in q4. RioCan was about 9 dollars a sq ft FFO in 2011. This explains how NAV went from 1.7 billion in 2010 to about 8 billion in 2020.
  • E
    gitlin just went on BNN and said the passport is worth the price of alienation... yikes
  • B
    If any of you ever want an update on projects or want to see what they’re up too, Urban Toronto is a great site. Mostly by urban planning enthusiasts.

    You can type in RioCan in the search bar on their site and projects come up.
  • p
    Calling it now 23+ by end of month
  • B
    im using riocan monthly dividends to pay off my mortgage payment for riocan living condo
  • T
    Sweet they have a leveraged 2x etf to bet against real estate...easy money
  • J
    I feel totally comfortable adding here. Rio has historically traded around 14x FFO. $1.60 annual FFO is likely as low as we will ever see, even under the worst pandemic conditions to date. A completed and fully leased Well, which is not far off, in addition to a massive development pipeline, means that FFO of $2.00 plus is well within reach in 2-4 years. That would justify a $28+ unit price in a relatively short timeframe. In other words, if you are ok holding for at least 2 years, it's very reasonable to think that you have a 30% upside from current price.
  • T
    TWF inc
    what we have here is a stock trading at low twenties that has paid out over $32 in dividends over the last 25 years sounds like a horrible company to me lol !!!
  • A
    Bought more shares today. Good long term stock. Good distributions and share price currently undervalued
  • R
    hmm... interesting. Price down almost 1% on x-div date, don't normally see that.