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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

RioCan Real Estate Investment Trust > RioCan sells Surrey's Strawberry Hill Shopping Centre: $155M
View:
Post by hroark7 on Jan 30, 2024 6:38pm

RioCan sells Surrey's Strawberry Hill Shopping Centre: $155M

https://renx.ca/riocan-sell-surrey-vancouver-strawberry-hill-shopping-centre-155m
Comment by incomedreamer11 on Jan 30, 2024 11:03pm
Not good deal ,sold 20%  below assesment land value According to BC Assessment, as of July 2023, the two parcels that make up the mall carry a combined assessed value of about $187 million, with approximately $186 million coming from the land value and just over $1 million from the value of the structures. This includes the land Scottsdale bus exchange sits on, which is part of mall property ...more  
Comment by hroark7 on Jan 31, 2024 11:19am
On the surface this deal looks like a bit of a head scratcher. With earnings call in 2 weeks, the management team will definitely be questioned about this by the analysts so then we will understand the underpinnings of this deal in the fullness of time. Certain things we do know: 1. On a surface level this looks like the kind of property they want to keep and develop, 2. They don't need to ...more  
Comment by garyreins on Feb 05, 2024 5:16pm
So long as it's above NAV and they  have better use of proceeds it's no big deal... maybe they want to turn on the ncib rather than realize full potential years out 
RioCan Real Estate Investment Trust
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