The big news yesterday that made ripples was Riocan REIT (TSX: REI.UN) slashing its monthly distribution from 12 cents to 9 cents. RioCan Real Estate Investment Trust is slashing its payout to investors by 33 per cent as COVID-19 wreaks havoc on the real estate industry. 15 stock analysts on Stockchase covered RioCan Real Estate Investment In the last year. RioCan Real Estate Investment Trust's stock was trading at C$23.72 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Image source: Getty Images . H&R REIT (TSX:HR.UN) H&R REIT has been beaten up because of a combination of poor short-term results, a little uncertainty surrounding a key asset, the impact of COVID-19 on the portfolio, and, of course, a recent distribution cut.. Let’s start with The Bow, H&R’s marquee asset. It was one of the first real estate investment trusts in Canada. Management decided to not let shareholders down and maintain its dividends. About RioCan RioCan is one of Canada’s largest real estate investment trusts. If you are looking for stocks with good return, RioCan Real Estate Investment Trust stock can be a bad, high-risk 1-year investment option. Find the latest RIOCAN REAL EST UN (REI-UN.TO) stock quote, history, news and other vital information to help you with your stock trading and investing. Related Articles. Distribution Information. RioCan's yield is huge and the REIT is well-established. Slobodian Published … It’s another layer for the portfolio. TORONTO, Dec. 14, 2020 (GLOBE NEWSWIRE) -- RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) today announced that it has closed its previously announced offering of $500 million principal amount of Series AD senior unsecured debentures (the “Debentures”). Current stock quote for RioCan Real Estate Investment Trust Unit ( T.REI.UN ) including financial statements, level 2 data, and the latest REIT - Diversified news, … RioCan Real Estate Investment Trust real time quote is equal to 17.360 CAD at 2020-12-13, but your current investment may be devalued in the future. Just a few weeks ago, I wrote about RioCan REIT … In 1995, it re-structured to internalize its asset management responsibilities, in return for a … Get the latest stock price for RioCan Real Estate Investment Trust Trust Units (REI.UN), plus the latest news, recent trades, charting, insider activity, and analyst ratings. Stock analysis for RioCan Real Estate Investment Trust (RIOCF:OTC US) including stock price, stock chart, company news, key statistics, fundamentals and company profile. RioCan REIT stock information, both current (at a minimum 20 minute delay) and historical. RioCan was founded in 1993, by its current CEO Edward Sonshine, as Counsel REIT. The stock price of RioCan REIT (TSX:REI-UN) surged 2.9% after its third-quarter earnings beat estimate and maintained its monthly dividend at $0.12.The biggest concern of investors was the risk of dividend cuts, which sent the stock down 2% ahead of its earnings. Stock Information. View real-time stock prices and stock quotes for a full financial overview. As a percentage of RIOCF's recent stock price of $13.83, this dividend works out to approximately 0.87%, so look for shares of RioCan Real Estate Investment Trust to … RioCan tries to ensure that no one tenant makes up more than 10% of its rental revenue unlike a lot of REIT's out there.. … When a REIT or stock has a high yield, it’s because the market is saying there’s a risk of a distribution or dividend cut. “I think everybody’s been considering it,” Sonshine said. The Debentures are RioCan’s second Green Bond. Units of RioCan are yielding over 9%, offering investors a tremendous opportunity to earn an above average yield from a great company. As of the close of trading Thursday, RioCan's yield was 7.99 per cent. The company held an IPO on the Toronto Stock Exchange in 1994. It owns retail REITs across Canada, and RioCan is super strong. More articles issued by RioCan Real Estate Investment Trust More articles related to: And one stock that could be a great source of cash ... that becomes a short-term problem for the REIT. That post covers why preferred shares and REITs can provide some of that desired yin and yang on the diversification front. Sign up for email alerts to stay up to date. RIOCF | Complete RioCan Real Estate Investment Trust Un stock news by MarketWatch. Sonshine said he believes most of his REIT peers have been looking at cutting their distributions. The stock price of RioCan REIT (TSX:REI-UN) surged 2.9% after its third-quarter earnings beat estimate and maintained its monthly dividend at $0.12. Vice President, Investor Relations, RioCan REIT (416) 646-8326 klee@riocan.com. Regulatory Filings. Update: RioCan REIT Down Less 4%, Above Lows; SmartCentres and First Capital Now In Focus at Scotiabank; Loblaw and Canadian Tire REITS May Be Safe MT Newswires 12/04 10:43 ET Update: RioCan REIT Down More Than 6% After Announcing One-third Reduction in … Since then, REI.UN shares have decreased by 25.0% and is now trading at C$17.79. If RioCan behaves like a typical REIT, a run towards this level in the medium term would not be a surprising move. Get the latest RIOCAN REAL EST UN (REI-UN.TO) stock news and headlines to help you in your trading and investing decisions. Quarterly and Annual Reports. thinking. Energy sector dividend plays, bargain stock hunting and RioCan’s payout cut: What you need to know in investing this week S.R. It is a trending stock that is worth watching. Get instant access to a free live streaming chart of the Riocan REIT Stock. Is RioCan Real Estate Investment Trust (TSE:REI.UN) a good stock for dividend investors? RioCan - which counts Indigo among its tenants - has seen its units lose almost one-third of their value this year. What is RioCan Real Estate Investment stock price? Even though the unit price went up a lot in November, Riocan was still yielding around 8% before it cut its distribution. Distribution History. TORONTO, Dec. 15, 2020 (GLOBE NEWSWIRE) - RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced a distribution of 12 cents per unit for the month of December. RioCan REIT (TSX:REI.UN) stock fell 2% ahead of its third-quarter earnings on October 29. The REIT's property portfolio includes shopping centers and mixed-use developments, with most of its properties located in … Many REITs have been forced to cut their dividends by figures as big as 50% over the course of the year. The … BNN Bloomberg’s Andrew Bell reports. The move comes after RioCan's CEO pledged to preserve the distribution earlier this year. I love RIOCAN, very well diversified REIT. View REI.UN's dividend history, dividend yield, date and payout ratio at MarketBeat. I’m surprised they didn’t cut it further. And here’s a very informative post from Horizons – Finding the right income opportunity in 2020. On 2020-12-14, RioCan Real Estate Investment (REI.UN-T) stock closed at a price of $17.79. Financial Information. The distribution will be payable on January 8, 2021 to unitholders of record as at December 31, 2020. Get today's Riocan REIT stock price and latest REI_u news as well as Riocan REIT real-time stock quotes, technical analysis, full financials and more. 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