RE:RE:RE:RE:RE:RE:RE:Anyone know what to make of this from TD??CANCDN wrote: We will see what happens tomorrow morning.
for those saying rei is same business as bpy are retarded. BPY has Enclosed malls in the USA vs power centres that RioCan owns. BPY collected little retail rent, RioCan collected 85%.
riocan is Canadian, bpy is heavy USA.
riocan paid divis through FFO, BPY borrowed money to pay divis
riocan is current on all mortgage payments, BPY hasn't made mortgage payments on some properties.
I like objective views and always appreciate when people speak up about them. I own plenty of both riocan and bpy. TNT is also another good one.
They both have their positives and negatives, and I feel that BAM buying back 1/6th of the shares outstanding outweighs the risk. I think that if it dips there will be another buy back, and share price will rise drastically. The main catalyst will be people returning in full force to office buildings. Once that happens there is very little risk.
The lowest I could see this dropping is $14.53CAD. Main thing is keeping price above $15.05 on a monthly. Resistance is at $19.50. With that said, people were calling for a drop after last DIV but instead it shot up $5. To each their own. GLTA