FCRGF - RioCan: This 5.6%-Yielding REIT's Outlook Is Supported By Opportunities In Mixed-Use And Residential Developments
Investment Thesis
RioCan REIT (RIOCF) (TSX:REI.UN) delivered a solid Q1 2019 as we saw improvement in several operating metrics. We believe RioCan’s share price will continue to move higher thanks to: (1) its primary market strategy, (2) increasing exposure to residential rental markets, (3) a rich development pipeline of mixed-use projects, and (4) strong market fundamentals. RioCan offers an attractive 5.6%-yielding dividend. We believe the company is a good investment choice for investors seeking yield and capital appreciation.
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Recent developments: Q1 2019 Highlights
RioCan posted a solid quarter in Q1