TSX:REI.UN - Post by User
Comment by
CANCDNon Sep 19, 2020 11:43am
96 Views
Post# 31586936
RE:RE:RE:Sell me RioCan
RE:RE:RE:Sell me RioCan
Lacas24 wrote: Thank you for your answer. No. I wasn't clowning around. I am thinking of taking a position Monday and you guys are much more informed that I will be doing DD for 2 days. It has an attractive rate of return scenario. Maybe even better than my SPG position. So if I have a the balls to have SPG for 8% divi might as well pick up the Canadian carbon copy version for 10%
Sorry, but SPG is not comparable. RioCan is more of a triple net lease, power centre with small exposure to enclosed malls. Of the few enclosed malls RioCan has, most are grocery anchored. RioCan also focused on GTA and Ottawa.
SPG is a monster high end enclosed mall and outlet landlord. You won't see dollarama Costco and grocery on the tenant list. SPG is absolutely dominant in every way for high end retail.
I own both. RioCan much safer but SPG is a possible three bagger within a year or two along with a full divi reinstatement of about 20% at current prices. Also more risky.