RE:Europe has locked down for a second time and won't be good
BlueGuitar1 wrote: Europe 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.
not saying you won't be right blue guitar, but we are now on the down trend for cases in Ontario confirmed even more so today with only 1200 cases with a huge 42,000 tested.
we also need to remember that our population density isn't anywhere near that of European countries.
agree that more restrictions are coming, but theatres, gyms and restaurants being closed are priced in. We will remain around 90-93% collection until the spring which still allows us to keep the payout.
RioCan is still active in selling and buying properties, signing news leases. Once everyone over 70 and HCW are vaccinated, this is over. That will happen by March. Hospitalizations, deaths for those under 70 are literally a nothing burger in the grand scheme.
I believe we have a large pension investing which has put a floor in the unit price.