RioCan Real Estate Investment Trust T.REI.UN

no love for reits

[Reitguy]

SmartCentres Real Estate Investment Trust CFO Peter Sweeney anticipates third-quarter collections in the 94 per cent to 96 per cent range and “would be perhaps even higher” when accounting for deferrals.

Someone explain the reason for the 35% discount in sp.

Obviously rei.un is in the same boat but closer to a 50% discount 

[thenewsnake]

The market is anticipating more lockdowns, a big move away from office and city centres, and bankrupticies. Fair to say, a multi year struggle. Will it come true? By the way the govt is behaving, it looks likely. 

[Tommy123]

This post has been removed in accordance with Community Policy

[SeekAlpha81]

You just need to hope if Ontario tightens up, they do it somewhat close to the same way Quebec did. Quebec kept the majority of businesses open to limit the impact on the economy. I'm not saying they were perfect in their approach, but from the perspective of keeping the businesses open for the reits we own, it was a good move! 

[shawshank2]

Foreign investment in equity has fled country taking stability// ontario gov likes lockdowns

[retired71]

These companies rode the gravy train for 30 years.  declining rates, big urban sprawl, increased population density and deal after deal.  now covid + amazon effect + inability to raise commercial rents + vacancies (especially in malls).   can't imagine the leasehold improvement perks the CRE landlords are providing potential new clients to move in.   HOw do you

[milliontrader]

Cap rate ? Is that the only factor in valuing REITs? What about locations? Lands ? Tenants ? Enb future is more uncertain than REITs, fossil fuel is going out the door

[SeekAlpha81]

I agree! They're calling for peak oil in 10 years. I'm not saying Enbridge is a bad stock to own, but does everyone just own one stock and go on every other board and trash the stocks, lol! Canada will continue to increase its population which means real estate has one way to go and that's up. I personally own some energy plays and reits... why not own both? They're both

[milliontrader]

Almost all developed countries are banning fossil fuel cars by 2030 and planes by 2050

[RagingBull3]

Electrical Grid already Failing.   In California, rolling black outs.    Not to mention wild fires started by electrical grid probably due to system being over stressed.  

[gashole]

BP said they believe peak oil is NOW...... the problem I have with mall reits is I usually only own what I do... In other words, I use hydro, so I own hydro, I burn gas in my house so I own pipelines, and 1 producer (ARC)... I am buying household improvments so I own home depot and Lowes... I havent been to a shopping mall for 7 months.... so I am struggling with holding my REI and SRU shares... I

[hroark7]

gashole, where do you live? If you live in Toronto, it's almost impossible to not have been to a Riocan property at least once a week. I've been doing a lot of bicycle riding, I live near The Well and I see the progress almost every day. It's truly beautiful and it's huge. I go for coffee with friends, many of them live near Yonge/Eglinton and Yonge/Sheppard. Those are literally

[born2trade]

can't agree more.. diversification is the key to mitigate the risk. looks like you also some of the winners such as POW and CPX. did you initiate those positions during March lows?  I bought POW , REI and few others during March/April   and POW is up 40%  but  REI down 5% . smart money is staying away from Retail for now so recovery likely won't happen until

[milliontrader]

Seems like you haven't done any research then, have you used any services by banks? Have you been to any fast food place or ordered take out? Have you spent money on grocery ? Do you invest in residential rental or pre construction? Seems like you see the word retail after riocan and you think they are mall owners. Infact, only 8% of riocan is enclosed mall.