RE:RE:Long term Covidruinedme wrote:
retirement is a very decent investment, what are going talking about lol. They are also keeping some rental and developing storage real estate.allied is good but it's very similar to riocan so there is no point ( long term investment ) to buy allied when you are getting more than double the dividend plus 2 to 3 times the upside potential
Thats why their are chocies. Retirement, Storage, and Walmart Anchors (at rip off rates) dont meet my objectives. I like above average returns. SRU avg lease rate is about 30% below RioCan. Nothing in SRU development pipeline other than the Vaughn Transit Area is going to help that.
Even though both portfolios are around 35-37 million NLA currently, RioCan IFRS vlaue is 50% higher. They bring in about 150 million gross revenue per month. This gap is going to continue to get wider as RioCan develops the Well, 11YV, Queens and Ashbrige (for inventory gains and main street level prime commerical), Strada, Litho, plus Dufferin Plaza, Eglington Ave near sunnybrook plaza, queensway. I can go on and on.
SRU development is more of the Vaughn Travel Centre (which is good) and is on other side of highway from Rio Collousus, and then Allision (where is that), Laval (also dont know where that is) and a few nursing homes that are not in Toronto. Again, just not comparable.