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FY2024 EPS Estimates for RioCan Real Estate Investment Trust (TSE:REI) Cut by Analyst

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RioCan Real Estate Investment Trust (TSE:REIFree Report) – Analysts at Desjardins lowered their FY2024 earnings estimates for RioCan Real Estate Investment Trust in a research report issued to clients and investors on Wednesday, May 8th. Desjardins analyst L. Kalmar now expects that the company will post earnings per share of $1.79 for the year, down from their prior forecast of $1.80.

RioCan Real Estate Investment Trust (TSE:REIGet Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported C($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.44 by C($0.83). The company had revenue of C$296.91 million for the quarter.

RioCan Real Estate Investment Trust Stock Performance

RioCan Real Estate Investment Trust has a one year low of C$10.88 and a one year high of C$17.17.
RioCan Real Estate Investment Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Tuesday, April 30th were paid a dividend of $0.093 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.12 dividend on an annualized basis and a dividend yield of ∞.

Further Reading

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