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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. Its portfolio comprises approximately 187 properties with an aggregate net leasable area of approximately 33 million square feet. Its properties include 1293 Bloor Street West; 145 Woodbridge Avenue; 1556 Bank Street; 1650 -1660 Carling Avenue; 1860 Bayview; 1946 Robertson Road; 2422 Fairview Street, and others. Its properties for commercial lease, including grocery anchored, open air, mixed-use/urban, and enclosed centers. Its residential brand, RioCan Living, delivers purpose-built rental units and condos. 1293 Bloor Street West is located at the intersection of Lansdowne Ave & Bloor Street in Toronto.


TSX:REI.UN - Post by User

Comment by OptsyEagleon Feb 09, 2010 12:28pm
636 Views
Post# 16767083

RE: Just bought more

RE: Just bought moreYou might want to wait a few months to determine who should be thanking who.  Riocan has not earned its dividend in 5 or 6 quarters now and their debts levels are starting to get extended.

How long do you think it will be before some nice intentioned bank tells Riocan that the only way they will lend it anymore money is if they cut their dividend?  My next question is, what do you think would happen to this over-loved, bell weather, blue chip status investment, if they even hinted that they might cut it's dividend.  Can you say UGLY.
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