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The latest update is out from RioCan Real Estate Investment ( ($TSE:REI.UN) ).
RioCan Real Estate Investment Trust has successfully completed a $550 million issuance of senior unsecured debentures in two series, Series AN and Series AO. The proceeds from this issuance will be used to repay existing debts and for general business purposes, with the debentures receiving a credit rating of BBB with a stable trend, indicating a solid financial standing for the Trust.
More about RioCan Real Estate Investment
RioCan is one of Canada’s largest real estate investment trusts, specializing in owning, managing, and developing retail-focused, mixed-use properties in prime, high-density transit-oriented areas. As of September 30, 2024, their portfolio includes 186 properties with a net leasable area of approximately 33 million square feet.
YTD Price Performance: 2.93%
Average Trading Volume: 59,520
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $3.88B
For an in-depth examination of REI.UN stock, go to TipRanks’ Stock Analysis page.
