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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

Post by BlueGuitar1on Nov 18, 2020 11:03pm
779 Views
Post# 31928524

Europe has locked down for a second time and won't be good

Europe has locked down for a second time and won't be goodEurope has more Covid cases per capita than the USA.  They have locked down again.  If you don't think we will have another lock down then you are in denial.  Sorry but this REIT will go down faster than most.  No gym, restaurant, theatre is going to open anytime soon.  Sure, two vaccines are coming but it won't be until at least late 2021 that we will have herd immunity.  Canada has ordered some doses but just remember that one needs two doses each.  And Europe will betting on Astra Zeneca for its vaccine and they have been a no show so far.  RioCan closed in the red today.  You have reached the top of the mountain and we are slowly going over to the other side.  We have more cases of Covid today than back in March when we first closed down.  Look at Ford's face.  He is serious about closing.  And Trudeau.  He is the same.  Dr. Tam and Dr. De Villa and Dr. Williams look like they want a lock down again too.  Let's be honest, we have a long way to go before this is over.  Did I mention that cases in China are up again?  Yeah, it is.  
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