First Asset Canadian Reit Income Fund (the Fund), formerly First Asset REIT Income Fund, is a Canada-based closed-end investment trust. The Fund's investment objectives is to provide holders with the benefits of high monthly cash distributions together with the opportunity for capital appreciation through the active management of a diversified portfolio of real estate investment trusts (REITs) and real estate corporations that are listed on Canadian stock exchanges. The investment portfolio provides diversification among various real estate holdings, including apartment buildings, shopping centers, office buildings and nursing/retirement homes, among others. The manager and investment advisor of the Fund is First Asset Investment Management Inc.
Industry, Sector and Symbol
Stock Exchange TSE
Industry N/A
Sub-IndustryN/A
SectorN/A
SymbolTSE:RIT
CUSIPN/A
Phone+1-416-6421289
Debt
Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual SalesN/A
Price / SalesN/A
Cash FlowN/A
Price / CashN/A
Book ValueN/A
Price / BookN/A
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net Margins100.24%
Return on Equity5.35%
Return on Assets5.01%
Miscellaneous
EmployeesN/A
Outstanding Shares19,546,000
Market CapC$310.21
First Asset Canadian REIT Income Fund (TSE:RIT) Frequently Asked Questions
What is First Asset Canadian REIT Income Fund's stock symbol?
First Asset Canadian REIT Income Fund trades on the Toronto Stock Exchange (TSX) under the ticker symbol "RIT."
How often does First Asset Canadian REIT Income Fund pay dividends? What is the dividend yield for First Asset Canadian REIT Income Fund?
First Asset Canadian REIT Income Fund declared a monthly dividend on Tuesday, July 24th. Investors of record on Tuesday, July 31st will be paid a dividend of 0.0675 per share on Tuesday, July 31st. This represents a $0.81 annualized dividend and a yield of 4.89%. The ex-dividend date is Tuesday, July 24th. View First Asset Canadian REIT Income Fund's Dividend History.
What is the consensus analysts' recommendation for First Asset Canadian REIT Income Fund?
0 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Asset Canadian REIT Income Fund in the last year. There are currently for the stock, resulting in a consensus recommendation of "N/A."
Who are First Asset Canadian REIT Income Fund's key executives?
First Asset Canadian REIT Income Fund's management team includes the folowing people:
- Barry H. Gordon, President, Chief Executive Officer and Director of the Company
- Karen Wagman, Chief Financial Officer of the Company
- Z. Edward Akkawi, Chief Operating Officer, General Counsel, Corporate Secretary, Director of the Manager
- Paul V. Dinelle, Executive Vice President and Director of the Manager
- Lee Goldman, Senior Vice President and Portfolio Manager
- Sheryl J. Chiddenton, Chief Compliance Officer of the Company
- Craig Allardyce, Portfolio Manager of the Company
- Manash Goswami, Portfolio Manager of the Company
Has First Asset Canadian REIT Income Fund been receiving favorable news coverage?
News headlines about RIT stock have trended positive this week, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. First Asset Canadian REIT Income Fund earned a news sentiment score of 0.29 on Accern's scale. They also gave news articles about the company an impact score of 46.29 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
How do I buy shares of First Asset Canadian REIT Income Fund?
Shares of RIT and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.
What is First Asset Canadian REIT Income Fund's stock price today?
One share of RIT stock can currently be purchased for approximately C$16.57.
How big of a company is First Asset Canadian REIT Income Fund?
First Asset Canadian REIT Income Fund has a market capitalization of C$310.21 million.
How can I contact First Asset Canadian REIT Income Fund?
First Asset Canadian REIT Income Fund's mailing address is 95 Wellington St W Suite 1400, TORONTO, ON M5J 2N7, Canada. The company can be reached via phone at +1-416-6421289.
MarketBeat Community Rating for First Asset Canadian REIT Income Fund (TSE RIT)
MarketBeat's community ratings are surveys of what our community members think about First Asset Canadian REIT Income Fund and other stocks. Vote "Outperform" if you believe RIT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RIT will underperform the S&P 500 over the long term. You may vote once every thirty days.
