RioCan Real Estate Investment Trust is updated and rated Buy at $26.79.
The report here contains a great deal of information about the company and the factors that went into the rating of Buy. But the main factors are a yield of 5.3%, a price to book ratio of 1.07 and the fact that strong management with a strong track record is in place. Risks include recession, higher interest rates and possibly at some point loss of the income tax exemption for REITs although that does not appear to be on the table at this point.
I first added RioCan to this site on July 11, 2011 rated Weak Buy (essentially a hold) at $26.00. At that time I did not like the pice to book ratio of 1.53. That rating seems appropriate in hindsight as the unit price has basically not risen and also there were much better buys to be had in July 2011.
At the end of 2012 I updated it and rated it (lower) Buy at $27.52 with a price to book ratio of 1.31 and indicated I was not buying but that it might be a reasonable investment for yield.
At the end of 2013, start of 2014 it was rated Buy at $24.77 and the price to book was down to 1.11.
At this time (August 2015) I may be a buyer as I think it is attractive, especially for yield. However, the unit price is certainly not immune from declining if the Canadian recession deepens to interest rates rise much.