TSX:REI.UN - Post by User
Comment by
hroark7on Dec 29, 2022 10:41am
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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.