TSX:REI.UN - Post by User
Comment by
CANCDNon Sep 16, 2020 4:26pm
86 Views
Post# 31569135
RE:RE:RE:BROOKFIELD IS ON FIRE!
RE:RE:RE:BROOKFIELD IS ON FIRE!Tommy123 wrote: CANCDN wrote: thenewsnake wrote: Why cant RIOCAN gain 15% in 3 days, I'd be up 30K
Thats it? BPY competitiors like SPG and MAC are up 20%. BPY isnt in the same space as RioCan in reality. BPY is US enclosed high end malls and office buildings. Lots and lots of office buildings in the most COVID and economically hit areas like Calgary, NYC, London UK, Rio Brazil. BPY is in a lot of hurt coming. They have defaulted on non recourse loans and have a payout ratio of 140%. Thread carefully when dealing with a bermuda based company.
Huh? BPY is a lot safer than RioCan, hence it's lower dividend yield. They have a lot less retail. Plus BAM can't afford to ever cut, they are a big shareholder and they need the revenues from BPY's dividend revenue to operate. The risk of a BPY dividend cut is extremely low, while the chances of a REI cut is very high this winter. Hence REI's higher yield.
BPY is NOT a lower dividend.. What have you been smoking?