RioCan Real Estate Investment Trust T.REI.UN

Alternate Symbol(s): RIOCF

Real Estate REIT - Retail

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

RioCan Real Estate Investment Trust

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Comment by largeinveston May 23, 2020 6:19pm

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Post# 31065342

RE:CUT DIVIDEND BY 40% AND DO A NCIB

They already buy back shares, and the problem with cutting the dividend is they are required to payout around 90% of their earnings to remain tax free...so if you cut the dividend you increase your taxes *assuming that* most of your rent is collected. Places like the cinniplex and good life are applying for rent payents from the govt...and REI's payout ratio is already around 78% ..

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