RioCan updated July 11, 2021


RioCan is updated and rate (lower) Buy at $23. It, like so many other investments, has had a huge recovery from the lows last year. It’s outlook continues to improve. It may have a couple dollars higher to run based on the improving outlook and especially if it partly restores the former distribution level. But,  I don’t expect it to fully restore the distribution anytime soon since they want to pay down debt and will generally be cautious.

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