Desjardins Has Bearish Estimate for TSE:REI FY2025 Earnings

RioCan Real Estate Investment Trust (TSE:REI) – Analysts at Desjardins reduced their FY2025 EPS estimates for RioCan Real Estate Investment Trust in a research note issued to investors on Tuesday, May 6th. Desjardins analyst L. Kalmar now anticipates that the company will post earnings of $1.86 per share for the year, down from their prior forecast of $1.91. Desjardins also issued estimates for RioCan Real Estate Investment Trust’s FY2026 earnings at $1.80 EPS.

Other analysts have also issued reports about the company. Canaccord Genuity Group lowered RioCan Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 19th. National Bank Financial lowered shares of RioCan Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a report on Sunday, April 13th.

RioCan Real Estate Investment Trust Price Performance

RioCan Real Estate Investment Trust has a twelve month low of C$10.88 and a twelve month high of C$17.17.

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.