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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

Comment by SeekAlpha81on Dec 07, 2020 8:56am
88 Views
Post# 32048286

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:The problem with the distribution cut was the timing

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:The problem with the distribution cut was the timingI went to take a look at TNT quickly and it seems they're paying out over 100pct of AFFO. Collections are indeed great but you need to dig a bit deeper than yield. H&R has a small yield for example but half the cash is hitting their books and FFO will increase in a big way by next summer/fall... the same for Riocan. I agree with Gas, the dividend will get reinstated when things normalize and SP will jump big! I think you also need to look at what's in the pipeline for these guys. The cash doesn't dissapear when they cut the dividend, it improves the health of the company. I say buy them all and get a nice average yield and upside potential on SP through diversification.

GLTA!
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