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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. The Company’s portfolio is comprised of approximately 192 properties with an aggregate net leasable area of approximately 33.6 million square feet, including office, residential rental and 10 development properties. Its properties include 1293 Bloor Street West, 145 Woodbridge Avenue, 1556 Bank Street, 1650 - 1660 Carling Avenue, 1860 Bayview, 1910 Bank St, 1946 Robertson Road, 2323 Yonge Street, 2329 Yonge Street, 2335 Boul Lapiniere, 2345 Yonge Street, 2422 Fairview Street, 2453 Yonge Street, 279 Rue St. Charles, 2950 Carling Avenue, and 2955 Bloor Street West.


TSX:REI.UN - Post by User

RioCan Real Estate Investment Trust > REIT sector continoues to look brutal
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Comment by CANCDNon Aug 14, 2020 8:10pm
186 Views
Post# 31411256

RE:RE:RE:REIT sector continoues to look brutal

RE:RE:RE:REIT sector continoues to look brutal

Having a mental breakdown again.

Walmart has 120 billion quarterly revenue and 6 billion net income

Amazon has 68 billion quarterly revenue and 900 million net income.

Why? Because final mile delivery costs a fortune.

Amazon knows this and is going into brick and mortar at high end malls in the US. And no they arnt going to the most expensive real estate company's to get "warehouse" space. Thier are a thounsand class b,c,d malls they could do that at. They are specially looking for lot fo space in high end expensive retail properties. 

Finally, what does Nike Under Armour MEC and Gap all have in common? They are established retailers who can't make money online and drive all profits through retail stores. 


Snake, you make the point well, the cost to deliver a package to the 20th floor condo with no parking costs a fortune and retailers essentially sell without profit. 

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