RioCan Real Estate Investment Trust expected to post earnings of 43centsa share - Earnings Preview

RioCan Real Estate Investment Trust

28/07/2023 22:39

* RioCan Real Estate Investment Trust  REI_u.TO   is
expected
to show a fall in quarterly revenue when it reports  results on
August 1. 
    * The Toronto Ontario-based  company is expected to report 
a
9.8% decrease in revenue to C$278.2 million from C$308.42
million a year ago, according to the estimate from one analyst,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for RioCan Real Estate
Investment Trust is for earnings of 43 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," no
"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$25.25​, above​ its last closing
price of C$20.07. ​​​

This summary was machine generated July 28 at 21:38 GMT.  All
figures in Canadian dollars  unless otherwise stated