Analyst sees RioCan as acquisition target

02/14/2008 | Financial Post (Canada)

Desjardins Securities analyst Jeff Roberts said RioCan Real Estate Investment Trust could become an acquisition target and offer investors up to a 27% return within the next year. Recent deals in Canada could generate yields of 9%, Roberts said in a note to clients. "With its large, strong and desirable existing portfolio, deep development pipeline and considerable hidden value in its intensification potential, Canada's biggest REIT is likely becoming more and more attractive to a potential acquirer," Roberts said.

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