10:12 AM EST, 03/07/2024 (MT Newswires) -- S&P Global Ratings on Wednesday revised the outlook on RioCan Real Estate Investment Trust (REI-UN.TO) to negative from stable and affirmed all of its ratings on the company, including the BBB issuer credit rating.

"The negative outlook reflects the potential for key credit metrics to remain pressured over the next 12-24 months should the company pursue significant new investments or if EBITDA from development completions and residential inventory sales takes longer to materialize than expected," the rating agency said.

The company's stock edged up 0.7% on last look on Thursday.

Price: 18.20, Change: +0.14, Percent Change: +0.78