RioCan Real Estate Investment Trust to Announce Quarterly Earnings

RioCan Real Estate Investment Trust (TSE:REI – Get Free Report) is set to release its quarterly earnings report after the market closes on Monday, November 11th. Analysts predict that the company will report earnings of C$0.43 per share for this quarter.

The last earnings report from RioCan was made on Thursday, August 8th, where the company reported earnings per share (EPS) of C$0.41. This was slightly below the consensus estimate of C$0.42, falling short by C$0.01. During that quarter, RioCan generated a revenue of C$292.20 million.

Stock Performance Overview

Over the past year, RioCan Real Estate Investment Trust has experienced fluctuations in its stock price, with a low of C$10.88 and a high of C$17.17, reflecting variability in market conditions.

Recent Dividend Declaration

Additionally, RioCan recently announced a monthly dividend payment, which was made on Thursday, November 7th. Shareholders who were on record as of Thursday, October 31st, received a dividend of $0.093. This equates to an annualized dividend of $1.12 and presents a substantial yield to investors. The ex-dividend date for this payment was also October 31st.

Background on RioCan Real Estate Investment Trust

RioCan is a prominent real estate investment trust in Canada, primarily focused on the development and management of retail properties across the country.

Earnings, Stocks, Dividend