TSX:SRU.UN - Post by User
Comment by
CANCDNon Apr 12, 2021 11:02pm
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Post# 32983067
RE:RE:SRU passive investor response
RE:RE:SRU passive investor response
logicandinertia wrote: 10 YEARS AGO, on April 8, 2011, Riocan and SmartCentres' share prices both closed at ~$14.
As of last Friday, the closing prices were: RIOCAN : $20.19. SRU: $27.77
Distributions over the past 120 months have been: RIOCAN: $14.02. SRU: $16.70
Ultimately, this is all we really care about as investors - distribution growth, capital appreciation and good stewardship under current management. The investors, both institutional and retail, who have backed SMARTCENTRES over the past decade, buying up equity and debt deals, are excited at the vision and execution delivered by management.
There are a myriad of reasons why SRU has outperformed RIOCAN materially on a TOTAL RETURN basis. It dilutes your own investment performance by wasting time on companies you don't plan on owning. There are so many fertile opportunities in today's investing landscape.
Good luck...
actually no, thier is only one reason SRU outperformed RIoCan.
Riocan was selling off secondary space to the tune of 27 million NLA while SRU held steady and added.
now things are about to get really interesting as RioCan is returning 57% on residential buildings and 75 million profit on 50% ownership of a single building In Yorkdale, while Mitch gives SRU peanuts. RIoCan is making more profit on a single building in Yorkdale than all of the condos sold at the VTC development combined lol.