TSX:REI.UN - Post by User
Comment by
CANCDNon Jun 17, 2020 9:30pm
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Post# 31162993
RE:RE:Why pay commercial rent in Ontario now?
RE:RE:Why pay commercial rent in Ontario now? The 15% small businesses are mostly franchised businesses like fast food. With the government program, we get 50% rent for three months and less turnover which costs money. Most franchise companies wouldn't let the store close as it looks bad for thier brand and thier shareholders.
RioCan pays out 38 million a month. With zero income, they can pay dividends for two years. This company is solid.
Watch the annual meeting, Shoneshine is a superstar and basically thinks it's utterly ridiculous of the share price of the company.
unless, we will never shop anywhere again! Which we know is not true as malls are packed in my town.