RioCan Real Estate Investment Trust
REI.UN (TSX)
RioCan Real Estate Investment Trust (REI.UN) emphasizes stable income through its monthly dividends and focuses on Canadian retail properties with impressive occupancy rates. With a solid dividend yield of 6.17% and a 1-year return of 8.74%, this REIT is an attractive option for investors seeking reliable income, particularly in a TFSA. The stock has garnered a "Moderate Buy" consensus from analysts, reflecting confidence in its performance and potential for growth.
Pros:
- Stable income from monthly dividends
- High occupancy rates
Cons:
- Underperformed broader market recently
- Dependence on retail sector performance
RioCan Real Estate Investment Trust (REI.UN) may be suitable for income-focused investors looking for reliable monthly dividends and exposure to Canadian retail properties. With a moderate analyst consensus and a solid performance track record, it offers a compelling option for those seeking stable returns, particularly within tax-advantaged accounts like a TFSA.