Riocan Real Estate Investment Trust
REI.UN
ISIN CA7669101031 / Valor 394579
Riocan Real Estate Investment Trust
UMushroom community rating:
About company
Riocan Real Estate Investment Trust is a prominent Canadian REIT that was established in 1993 by Ed Sonshine. Over the years, the company has become one of the largest and most successful REITs in Canada. Riocan prides itself on its legacy while also focusing on adaptability and future growth.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (14.08.2024):
Revenue Growth
In the second quarter of 2024, Riocan Real Estate Investment Trust reported a significant increase in revenue. The Trust's revenue growth was driven by strong leasing activity and higher rental rates across its portfolio. This positive trend reflects the robust demand for Riocan's properties in key markets.
Net Income
Riocan Real Estate Investment Trust's net income for the second quarter of 2024 showed a notable improvement compared to the same period last year. The increase in net income was primarily due to higher rental income and effective cost management strategies implemented by the Trust.
Funds from Operations (FFO)
During the second quarter of 2024, Riocan Real Estate Investment Trust reported an increase in Funds from Operations (FFO). This metric, which is crucial for assessing the performance of real estate investment trusts, benefited from the Trust's successful leasing activities and operational efficiencies.
Dividend Payout
Riocan Real Estate Investment Trust maintained its attractive dividend payout in the second quarter of 2024. The Trust's consistent dividend distribution underscores its commitment to delivering value to its unitholders while retaining sufficient cash flow for future growth opportunities.
Outlook
Looking ahead, Riocan Real Estate Investment Trust remains optimistic about its growth prospects for the remainder of 2024. The Trust anticipates continued strong demand for its properties, supported by favorable market dynamics and strategic initiatives aimed at enhancing its portfolio and operational performance.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3818 M
Market cap (USD)
140,264
Daily traded volume (Shares)
18.39 / 18.22
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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