RioCan Real Estate Investment Trust T.REI.UN

SRU.UN

[Sapho]

Holding REI. Is SRU still  a buy.

[CANCDN]

  yes liquidate Rei on Monday and go all in SRU. They need more money to subsidize the below market rents they give to Walmart. Also have no fear, your board of "trustees" includes Walmart executives to assure you that they are looking out for the unit holders value.

[Sapho]

I moved my 45K shares of REI to margin account . As you know REI is at 70%. I have no intention of selling REII. I think I am in very good position as my avg cost is only 15.48. I can easily buy 15K shares and probably 10k shares of T. This is the first time I am using margin. So REI.UN goes up same as SRU.UN. I will stil get 7.7 yield. GLTA

[gashole]

Be careful with using margin. Its a good tool to use the banks money to make more money for yourself but you can be burned. Lets say you have 100k... You use your margin on it to buy REI at $18.. If you max out, you can buy $333,333 worth of stock...$233,333 is what the bank is lending you... You have 18,518 shares. Now lets say the market collapses suddenly in one day (unlikely but we could be

[CANCDN]

agree about your strategy with only using about 50% margin. at the same time, well managed margin can significantly improve returns. with a reit, very unlikely to get 25% gap downs over night. REiT are more stable than other companies due to the underlying asset value. To each his own though. 

[CANCDN]

im just busting on SRU, I just don't understand why someone (and many do) invest in SRU when REI is superior in every way... unless an investor is looking for secondary market exposure and nursing homes. after research FCR, I also think FCR is in much better position then SRU. SRU is expanding in areas where land is available... REI and FCR are expanding UP in areas where their is no land

[gashole]

LOL I cant tell if you are being sarcastic or not !

[EstevanOutsider]

i think he is "ont_tax_payer" on Twitter, some guy cautioning me that SRU is being manipulated by Walmart and Riocan is a better deal. Well, I hold both, two REITs and two different reasons and business models. Not comparable either.

[CANCDN]

  im not on Twitter but will check it out. I'm on Stocktwits and Yahoo finance 

[hroark7]

It's not just one blogger or Twitterer that thinks this. The facts are all there: 1. SRU's average rent per sq ft is much lower than RioCan's 2. Walmart is by far the largest tenant for SRU 3. There have been some numbers exposed where we see SRU's numbers without Walmart and the numbers are closer (RioCan still has the edge) 4. Walmart owns no share in the company yet have

[EstevanOutsider]

If you listened to the Q3 conference call, they were asked about Walmart lease renewal and SRU essentially shotdown the question by admitting they are already giving Walmart essentially what you say, a sweetheart deal.  It's not a secret.  They give lower then market prices to Walmart.  They admit to that, they stated it on their most recent conference call. Having Walmart as a

[hroark7]

Not really man, I don't want to live close to a Walmart. I want to live in Yorkville, like where most of FCR's properties are. I want to live near Yonge and Sheppard, Yonge and Eglinton, like where RioCan's properties are. SRU is low class, low rent and low margin. Low margin is bad for earnings which is bad for the stock price. No thanks.

[EstevanOutsider]

Well you don't, but I do, even though I don't want to live anywhere close to Toronto :)

[CANCDN]

  Boom. SRU is no different than Choice and CT reit! The different is that Choice and CT are clear they have clear interest from Loblaws and CT. SRU pretends as if they are somehow independent from Walmart when in fact, SRU are just giant bag holders for Walmart.