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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 gasholeon Dec 12, 2020 12:00pm
164 Views
Post# 32093274

Sonshine

Sonshine
RioCan Real Estate Investment Trust Chief Executive Officer Ed Sonshine said in a Dec. 1 television interview that shopping centres owned by the company just outside the lockdown zones are extremely busy. Unless youre going to start putting a literal physical fence around the areas that are under lockdown, Im not sure how much it accomplishes. People that want to go out and shop theyre going to find a place to shop, he said. The Toronto lockdown didnt stop 25-year-old Adam from leaving the city to do his holiday shopping making trips most often to Orangeville, a town northwest of Toronto where he was raised. He has also travelled as far as Woodstock and London, Ont. He says it comes down to feeling safer shopping outside of a virus hotspot, especially since his stepmother is considered high risk because of her asthma. The population density is way lower out there, he said in a phone interview. Your interactivity with other people is very low. Im not saying Im less cautious, but theres less stress about touching things like a shopping cart. Line-ups are shorter, everything is a lot quicker, he added
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