RioCan Announces $200 Million Debenture Offering to Strengthen Financial Position

RioCan Real Estate Investment ( ($TSE:REI.UN) ) just unveiled an announcement.

RioCan Real Estate Investment Trust has announced the issuance of $200 million in Series AP senior unsecured debentures, set to mature on October 1, 2032, with a 4.417% annual coupon. The proceeds will be used to repay existing debt and for general business purposes. This strategic financial move, facilitated by a syndicate of major capital markets, aims to strengthen RioCan’s financial position and operational flexibility, potentially impacting its market standing and stakeholder interests.

The most recent analyst rating on ($TSE:REI.UN) stock is a Buy with a C$20.50 price target. To see the full list of analyst forecasts on RioCan Real Estate Investment stock, see the TSE:REI.UN Stock Forecast page.

Spark’s Take on TSE:REI.UN Stock

According to Spark, TipRanks’ AI Analyst, TSE:REI.UN is a Outperform.

RioCan Real Estate Investment’s strong earnings call performance and attractive valuation are the most significant factors driving the score. Financial performance shows solid growth but is tempered by declining margins and increased leverage. Technical analysis supports a positive trend, contributing to a favorable outlook.

To see Spark’s full report on TSE:REI.UN stock, click here.

More about RioCan Real Estate Investment

RioCan Real Estate Investment Trust is a prominent player in the real estate industry, focusing on the ownership, management, and development of necessity-based and mixed-use properties in densely populated communities across Canada. As of June 30, 2025, RioCan’s portfolio includes 178 properties with a net leasable area of approximately 32 million square feet.

Average Trading Volume: 631,844

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$5.59B

For detailed information about REI.UN stock, go to TipRanks’ Stock Analysis page.