TSX:REI.UN - Post by User
Post by
CANCDNon Oct 04, 2020 12:03pm
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Post# 31664408
cineplex will shut down
cineplex will shut downIt's inevitable that cineplex will shutdown soon. Worldwide theatre chains are shutting down as no new movies are being release. A good chunk of our 3.7% income from these properties are at risk. I'm glad it is still a small portion.
I have read through Cineplex news release that they have arrangements with land lords to pay by customer. I hope this extends well into next year and the year after as thier is many new releases waiting and demand will be high for a year after we get back to normal. At the same time, I am wondering in some locations if RioCan should kick out Cineplex and replace them.