TSX:REI.UN - Post by User
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TimeScapeon Jan 15, 2015 1:48pm
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Post# 23324145
RE:RE:RE:RE:RE:Target Pullout
RE:RE:RE:RE:RE:Target PulloutThe average remaining term of the Target leases is 12.7 years, and these leases are guaranteed by Target's US parent company, "generally for the remaining terms of the leases" according to today's press release. As the PR states, "Our locations are in strong retail nodes, and while this process will unfold over time, we expect that the interruption to revenue will be minimal, if at all. Ultimately, this could prove to be an opportunity for RioCan."