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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 hroark7on Dec 29, 2022 10:41am
121 Views
Post# 35195166

RE:RE:Quality

RE:RE:QualityI was at Litho (one of the newer buildings last night) and yes, it's as beautiful as the pictures show. The interior is even more beatiful and we have tenants paying rent in a non-rent-controlled building:
https://urbantoronto.ca/database/projects/litho.21616

Also passed by Strada and The Well last night. I'm blown away by RioCan's new properties and I sleep like a baby holding my shares.

RioCan is going to have a lot of income growth coming in over the next few years as the retail and residential parts of The Well come online, along with their other properties in development. They have a payout ratio target range and they're going to be below the bottom end of their range by next earnings so I expect like they did in early 2022, they will raise their dividend in early 2023. 
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