RioCan Real Estate Investment Trust T.REI.UN

Alternate Symbol(s): RIOCF

RioCan Real Estate Investment Trust is a Canada-based real estate investment trust. The Company owns, manages and develops retail-focused, mixed-use properties. Its portfolio includes leasing, development, and residential. The Company’s properties are held by various tenants, such as grocery, pharmacy, liquor, personal services, and specialty and value retailers. Its portfolio comprises approximately 187 properties with an aggregate net leasable area of approximately 33 million square feet. Its properties include 1293 Bloor Street West; 145 Woodbridge Avenue; 1556 Bank Street; 1650 -1660 Carling Avenue; 1860 Bayview; 1946 Robertson Road; 2422 Fairview Street, and others. Its properties for commercial lease, including grocery anchored, open air, mixed-use/urban, and enclosed centers. Its residential brand, RioCan Living, delivers purpose-built rental units and condos. 1293 Bloor Street West is located at the intersection of Lansdowne Ave & Bloor Street in Toronto.

TSX:REI.UN - Post by User

RioCan Real Estate Investment Trust

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Post by BlueGuitar1on Jul 21, 2020 7:13pm

216 Views

Post# 31299113

Going Long on Riocan now.

IMO, the current price now reflects a lot of bad news and a lower NAV. As long as retail sales are increasing now, this looks like a good entry point. I will buy while it is on sale. If it goes lower, I will buy more. We are almost 50% off pre-covid price with a super attractive yield. And now we have decent therapeutics and it looks like several vaccines for Covid19 will be with us within a year, but if you wait until then, the sp will be way higher again.

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