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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 hroark7on Aug 25, 2020 12:12pm
131 Views
Post# 31450488

RE:The reasons I invested $1 million in RioCan

RE:The reasons I invested $1 million in RioCan
Stockguru2017 wrote: After cashing in on the recent tech and gold run, I decided to pick up some shares from out of favour sectors, and very few sectors were as beat up as retail REITs. I bought $1 million worth of RioCan shares, and made it my largest position.

I love that it's so despised making it an ideal contrarian play, but what I loved even more is the 9.4% distribution yield that will pay me $94k/year until it recovers and doubles in price.     


Welcome to the club, I've also got over $1 million+ in Riocan. Paid to wait while earning six-figures in dividends is a great place to be.
Bullboard Posts
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