TSX:REI.UN - Post by User
Post by
largeinveston Jun 23, 2020 12:55pm
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Post# 31181565
Toronto and Peel open tomorrow
Toronto and Peel open tomorrowFor shopping including all the malls! This should help riocan...as investors drive by there properties and see them closed, the stock languishes. EVERYTHING opening tomorrow but cinneplex. And keep in mind Riocan has $6 billion worth of properties with NO mortgages on them. So lots of people worry about pretty much nothing. Also remember when Target shut it doors? Yes that was 10% of Riocan's space. They had most of that all leased back within a year, no dividend cut. Same thing will happen here, some businesses will close and new ones will open up, I don't think its going to be as bad as 10%, perhaps 4-5% of Riocan's tentants will vacate and need to be replaced. WITH WHAT you might ask. Well we need a lot of PPE stores and cleaning supply stores. Maybe a national chain will open up that just sells that.