RioCan Real Estate Investment Trust (REI-UN.TO)
RioCan Real Estate Investment Trust operates in the REIT - Retail industry of the Real Estate sector, headquartered in Toronto, ON, CA. The stock last traded at $21.54, up 0.56% on the session, giving a market capitalisation of $6.26B. Its beta of 1.00 implies it has historically moved more than the broad market.
RioCan is recognized as one of Canada's leading and largest Real Estate Investment Trusts (REITs). The company engages in owning, operating, and developing properties that are primarily focused on retail, but are increasingly transitioning into mixed-use spaces. These developments are strategically positioned in desirable, high-density areas that are well-served by public transit, aligning with where Canadians prefer to shop, reside, and be employed. As of September 30, 2020, RioCan's substantial portfolio contained 221 properties, offering a total net leasable area of approximately 38.4 million square feet (based on RioCan's interest). This diverse collection comprises office and residential rental properties, in addition to 16 properties currently under development.
RioCan Real Estate Investment Trust is most often compared with the following Real Estate names: