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RBC Capital raises RioCan price target to C$25 amid strong retail occupancy and income growth

Analyst Insights
07 Aug 2026
Tony Dante
View Source
Bullish
pluang ai news

RBC Capital increased its price target for RioCan to C$25.00 and maintained an "Outperform" rating, reflecting confidence in the REIT's strong operational performance. RioCan reported a high retail occupancy rate of 98.80% and a 6.10% rise in net income per unit, alongside growth in Core Funds From Operations per unit. Despite concerns about elevated debt and uncertainties in residential projects, the positive leasing results and financial metrics support a bullish outlook for the company.

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