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Bullboard - Stock Discussion Forum 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... see more

TSX:REI.UN - Post Discussion

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Post by SNAKEYBOY on Jan 11, 2023 11:01am

$22!

THIS IS CRAZY!
Comment by hroark7 on Jan 11, 2023 12:31pm
What happened to "REITS SUCK"?
Comment by SNAKEYBOY on Jan 11, 2023 1:22pm
They do...RIOCAN used to be $28!!! But since we were at $18 a few months ago $22 is pretty crazy!
Comment by hroark7 on Jan 11, 2023 1:29pm
I was buying as much REI.UN as I can at $18.18. If you've ever seen the new RioCan properties in Toronto it's mindblowing. I was recently in Litho and yesterday passed by The Well. The company is making money hand over fist and the next few years we have guaranteed earnings growth from parts of The Well and other developments opening up. As well, none of our multifamily residential ...more  
Comment by SNAKEYBOY on Jan 11, 2023 3:03pm
Yes, exactly. When rates go back down Riocan should hit $30 and a 4% yield!
Comment by junglejames on Jan 12, 2023 11:32am
Riocan is certainly getting it's mojo back.  The only REIT that has performed better for me in recent months is CHP.UN which seems to get little coverage/comment  from analysts or retail buyers. 
Comment by materialsgirl on Jan 12, 2023 12:17pm
REI and CHP are my best two as well but Minto is starting to come  alive in recent weeks. CHP seems to have a only a small retail following even theough it  will expand materially over the next 15 years with much of this on  free or low cost land. mat
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