RioCan Real Estate Investment Trust T.REI.UN

RE:RE:RE:RE:If Tech falters, expect flows into FINS/REITS

[logicandinertia]

I don't disagree that investors will wait for q2 earnings with REITs and Financials.  And it won't be pretty for either group.  That being said, for financials, buying them following the peak of credit loss provisions usually works.  JP Morgan just put out over $10 billion in provisions, but stock likely to rally if folks believe this is the peak.  This isn't 2008 - it isn't a balance sheet recession but rather an income statement recession, as most financials BS's still in good shape.  Threat of permanent impairment of capital still low imo.  You have to make the same assessment for RIOCAN - is this just 3-6 months of deferments with Q2 being the bottom, or is there permanent value impairment risk , which would eat into equity .   The market has already seemingly factored some of this into riocan, so you have a cushion.   An income statement recession or a balance sheet recession??   While not ignorant to the complexities of current environment , I'm betting on the former, with Q3 to be sequentially better than Q2.  If this is guided to by riocan, I suggest that upside /downside risk profile is skewed to the upside...