Desjardins Issues Pessimistic Forecast for TSE:REI Earnings

RioCan Real Estate Investment Trust (TSE:REI) – Analysts at Desjardins dropped their FY2025 earnings per share estimates for RioCan Real Estate Investment Trust in a research note issued to investors on Tuesday, November 12th. Desjardins analyst L. Kalmar now anticipates that the company will post earnings of $1.90 per share for the year, down from their previous estimate of $1.92.

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 Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 7th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.093 per share. This represents a $1.12 annualized dividend and a dividend yield of ∞. The ex-dividend date was Thursday, October 31st.

About RioCan Real Estate Investment Trust

Ring Energy, Inc, an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2021, the company’s proved reserves consisted of approximately 77.8 million barrel of oil equivalent. It also had interests in 18,882 net developed acres and 1,406 net undeveloped acres in Andrews and Gaines counties, Texas; 18,437 net developed acres in Culberson and Reeves counties, Texas; and 13,662 net developed acres and 11,993 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico.