Cominar Real Estate Investment Trust Unit T.CUF.UN

Primary Symbol: CMLEF

Real Estate REIT - Diversified

Cominar Real Estate Investment Trust is a Canadian REIT involved in the ownership and management of properties throughout the Canadian provinces. Cominar's real estate portfolio comprises a mix of office, retail, and industrial and mixed-use properties. While industrial and mixed-use assets are the most numerous and command the most square footage in the company's portfolio, office and retail locations combined represent the vast majority of the portfolio's total value. Most of Cominar's properties are located in the Greater Quebec City and Montreal areas. The company derives nearly all of its revenue from rental income from its investment properties. The source of this revenue is largely split between Cominar's office and retail locations.

OTCPK:CMLEF - Post by User

Cominar Real Estate Investment Trust Unit

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Comment by emba33on Jan 15, 2015 5:37pm

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Post# 23325408

RE:Target is leaving canada

Hi Bobby99: Could you give us an idea for how many locations we are talking about? I went to Cominar's website and viewed every locations. I found 3 Zellers (presumably Target) locations in (Listowel, ON), (Simcoe, ON) and (St John's, NF). There could be more buried in larger retail buildings ... but for a portfolio the size of Cominar, it doesn't sound like a big deal? I assume companies like Loblaws, Walmart, Sears Canada, Rona, Canadian Tire, Sport Chek, The Bay, etc will want to pick out some choice locations. Sounds like the leases are part of the bankruptcy -- does that mean the leasers are going to get pennies on the dollar ...? Emba33

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