If Tech falters, expect flows into FINS/REITS Active cases in Ontario now below 1,500 in a population over 14 million.
Stage 3 beginning in a number of districts. GTA will come in a few weeks.
cineplex only 2.4 percent of annualized rent. I worry about cinemas but as a levered company, cineplex has to keep as many cinemas open as possible going forward.
Ed sonshine is a good manager of capital and riocan has lots of flexibility, given maturities and unencumbered assets.
was doom and gloom in 2008/2009 for REITs, but following few years were lucrative for investors.
cdn investors and funds have been chasing tech stocks , especially in the US. Fund flows into REITS has been awful. Provided reopenings persist, capital will flow back to Canada and with aging population, flows into better REITs likely to improve.
volume has been horrendous in this sector, creating a further headwind for investor appetite.
if go-go stocks start to falter, financials and REITs can be potential flow beneficiaries. We saw this today (until about 3 pm) for one of the first times in weeks, although the late day sell off hurt everything.
I reserve the right to be wrong, but I am buying a few of these for dividend streams and capital gains. Good luck .