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 Shares4,954,000
Market CapC$310.21 million
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 announced a monthly dividend on Tuesday, July 24th. Stockholders of record on Tuesday, July 31st will be given a dividend of 0.0675 per share on Tuesday, July 31st. This represents a $0.81 annualized dividend and a dividend yield of 4.76%. The ex-dividend date is Tuesday, July 24th. View First Asset Canadian REIT Income Fund's Dividend History.
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?
Media coverage about RIT stock has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Asset Canadian REIT Income Fund earned a news and rumor sentiment score of 0.12 on Accern's scale. They also assigned media headlines about the company an impact score of 44.70 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near future. View Recent Headlines for First Asset Canadian REIT Income Fund.
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$17.01.
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.
