RioCan stock: National Bank Financial cuts target for RioCan stock from CAD 26.50 to CAD 24.50

Published on 10/24/2026 at 04:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RioCan posted CAD 304.36 million revenue in the second quarter. RioCan stock has November 2, 2026 results and a CAD 23.84 consensus target.

Target cut and reporting dates

National Bank Financial reduced its RioCan target from CAD 26.50 to CAD 24.50 on October 21, 2026.
RioCan reported CAD 304.36 million in revenue and CAD 0.52 earnings per share for the second quarter of 2026.
RioCan is scheduled to release third-quarter results after the market closes on November 2, 2026.

REI.UN, CA7669101031, Illustration mit AI erstellt.

RioCan Real Estate Investment Trust (ISIN CA7669101031) drew a lower analyst target after MarketBeat reported on October 21, 2026 that National Bank Financial cut its target from CAD 26.50 to CAD 24.50 while retaining an outperform rating. The move puts the latest target above the CAD 23.84 consensus cited in the same report.

What changed in the target?

The reduction was CAD 2.00, or 7.55 percent, from the former CAD 26.50 target. MarketBeat also reported six buy ratings and two hold ratings among eight analysts, giving RioCan a Moderate Buy consensus.

The same report placed RioCan's market capitalization at CAD 6.20 billion on October 21, 2026 and listed a 52-week range of CAD 18.06 to CAD 23.25. Those figures frame the target revision as a valuation debate rather than a change to the trust's operating profile.

RioCan's three recent milestones

On August 4, 2026, RioCan reported second-quarter revenue of CAD 304.36 million and earnings per share of CAD 0.52, according to MarketBeat. On September 30, 2026, RioCan announced that it would release third-quarter results after the market close on November 2, 2026. The October 21, 2026 target cut by National Bank Financial is the latest of the three events.

Which dates matter next?

RioCan's next two dated markers are the October 30, 2026 ex-dividend date for a CAD 0.0965 monthly distribution, as reported by MarketScreener, and the November 2, 2026 third-quarter earnings release.

Stock context for investors

The last available euro price stood at EUR 13.70 on Tradegate on October 22, 2026. RioCan's retail-heavy portfolio and the upcoming results make occupancy, leasing spreads and balance-sheet progress the key figures for assessing whether the lower target is cautious or timely.

The next reporting cycle will provide the clearest operating test for the revised valuation. RioCan's portfolio comprised 164 properties with 31 million square feet of net leasable area as of June 30, 2026, according to the company's September 30 release.

The further course of trading is shown by the continuously updated real-time quote of RioCan stock.