RioCan Real Estate Investment Trust expected to post a share - Earnings Preview

RioCan Real Estate Investment Trust

04/05/2024 02:26

* RioCan Real Estate Investment Trust  REI_u.TO   is
expected
to show a rise in quarterly revenue when it reports  results on
May 7 for the period ending March 31 2024
    * The Toronto Ontario-based  company is expected to report a
4.0% increase in revenue to C$290.65 million from C$279.5
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for RioCan Real Estate
Investment
Trust is for earnings of 44 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for RioCan Real
Estate Investment Trust is C$21.50​, above​ its last closing
price of C$17.84. ​​​

This summary was machine generated May 4 at 01:26 GMT.  All
figures in Canadian dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)