RioCan Real Estate Investment Trust T.REI.UN

RE:RE:RE:RE:RE:RE:SRU.UN

[hroark7]

EstevanOutsider wrote: If you listened to the Q3 conference call, they were asked about Walmart lease renewal and SRU essentially shotdown the question by admitting they are already giving Walmart essentially what you say, a sweetheart deal.  It's not a secret.  They give lower then market prices to Walmart.  They admit to that, they stated it on their most recent conference call.

Having Walmart as a tenant increases the valuation of their properties, including their new condominium growth market and mixed use centres.

Not really man, I don't want to live close to a Walmart. I want to live in Yorkville, like where most of FCR's properties are. I want to live near Yonge and Sheppard, Yonge and Eglinton, like where RioCan's properties are.

SRU is low class, low rent and low margin. Low margin is bad for earnings which is bad for the stock price. No thanks.