TSX:REI.UN - Post by User
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CANCDNon Oct 09, 2020 9:20am
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Post# 31694820
RE:RE:RE:COMINAR
RE:RE:RE:COMINARSeekAlpha81 wrote: I'm from Montreal and I can tell you there's a huge cluster of Cominar buildings near me which are ghost towns. There are 4 big office buildings and a large retail outdoor mall that are near empty!
RioCan is the cream of the crop. The second a property starts to become unprofitable, they dump it. Other companies hold, hoping for a revivial.
RioCan is focued only on high growth areas. 91% income from VECTOM. Outside of these areas, Canada is essentially shriking. RioCan still has properties in SSM, Timmins, Sudbury, PEI NFLD, but they are all grocery and pharmacy malls.