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Last C$26.19 CAD
Change Today +0.17 / 0.65%
Volume 495.6K
REI-U On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 4:21 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

riocan real estate invst tr (REI-U) Snapshot

Open
C$25.94
Previous Close
C$26.02
Day High
C$26.28
Day Low
C$25.80
52 Week High
04/30/15 - C$30.25
52 Week Low
09/29/14 - C$25.11
Market Cap
8.3B
Average Volume 10 Days
829.5K
EPS TTM
C$1.78
Shares Outstanding
317.1M
EX-Date
07/29/15
P/E TM
14.7x
Dividend
C$1.41
Dividend Yield
5.38%
Current Stock Chart for RIOCAN REAL ESTATE INVST TR (REI-U)

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riocan real estate invst tr (REI-U) Details

RioCan Real Estate Investment Trust engages in owning, developing, and operating retail real estate properties in Canada. Its portfolio of properties include supermarkets; junior department stores; and entertainment properties, including movie theatres, large-format bookstores, and restaurants, as well as fashion components. As of December 31, 2007, the company owned interests in a portfolio of 201 shopping centers in Canada. RioCan Real Estate Investment Trust is headquartered in Toronto, Canada.

736 Employees
Last Reported Date: 05/5/15

riocan real estate invst tr (REI-U) Top Compensated Officers

Founder, Chief Executive Officer, Non Indepen...
Total Annual Compensation: C$1.2M
President, Chief Operating Officer and Member...
Total Annual Compensation: C$550.0K
Senior Vice President of Leasing
Total Annual Compensation: C$400.0K
Senior Vice President of Planning & Developme...
Total Annual Compensation: C$400.0K
Compensation as of Fiscal Year 2014.

riocan real estate invst tr (REI-U) Key Developments

Riocan Real Estate Investment Trust Announces July 2015 Distribution, Payable on August 10, 2015

Riocan Real Estate Investment Trust announced a distribution of 11.75 cents per unit for the month of July 2015. The distribution will be payable on August 10, 2015 to unitholders of record as at July 31, 2015.

Hudson’S Bay Company and RioCan Real Estate Investment Trust Close First Tranche of Previously Announced Real Estate Joint Venture

Hudson’s Bay Company and RioCan Real Estate Investment Trust announced that they have closed the first tranche of their joint venture focused on real estate growth opportunities in Canada. The joint venture will enable HBC and RioCan to build on the strength of existing real estate assets and identify new real estate growth opportunities. At the first tranche closing: The joint venture entity (RioCan-HBC JV) acquired properties at a purchase price of approximately CAD 1.6 billion, generating annual cash rent of CAD 80.8 million. New and assumed debt at the RioCan-HBC JV totals CAD 493.9 million, made up of CAD 352.0 million in new debt, and assumed mortgages of CAD 141.9 million. HBC contributed 7 owned or ground-leased properties (including Hudson’s Bay properties in downtown Vancouver, Calgary, Ottawa, and Montreal) with approximately 2.6 million square feet. The transaction values the first tranche of the HBC real estate contribution at approximately CAD 1.3 billion based on a capitalization rate of 5.03%, resulting in an initial equity stake of CAD 949.7 million or 86.6% in the RioCan-HBC JV. HBC received CAD 352 million in cash proceeds from third-party debt arranged in conjunction with the closing and assumed by the RioCan-HBC JV. RioCan contributed a 50% interest in two mall properties in Ontario (Oakville Place and Georgian Mall) at a gross sales price of CAD 299.0 million based on a capitalization rate of 5.15%, net of existing debt and capital lease obligations aggregating to CAD 151.9 million, resulting in an initial equity stake of CAD 147.1 million or 13.4% in the RioCan-HBC JV. RioCan has committed to contribute a total of CAD 325 million to the RioCan-HBC JV for an eventual pro forma equity stake of approximately 25% based on the first tranche closing. The balance of RioCan’s contributions will consist of CAD 52.5 million in tenant allowances, and CAD 125.4 million to be used to fund future property acquisitions to increase the value and diversify the tenant base of the RioCan-HBC JV. These contributions will be made by the third anniversary of the closing date.

Riocan Real Estate Investment Trust Appoints Jane Marshall to its Board of Trustees

Paul Godfrey Chairman of RioCan Real Estate Investment Trust announced the appointment of Jane Marshall to RioCan's Board of Trustees. Jane Marshall has more than 30 years of experience in the field of real estate management. Most recently she served as Chief Operating Officer of Choice Properties REIT.

 

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