RioCan Real Estate Investment Trust T.REI.UN

Alternate Symbol(s): RIOCF

RioCan Real Estate Investment Trust is a Canada-based real estate investment trust. The Company owns, manages and develops retail-focused, mixed-use properties. Its portfolio includes leasing, development, and residential. The Company’s properties are held by various tenants, such as grocery, pharmacy, liquor, personal services, and specialty and value retailers. Its portfolio comprises approximately 187 properties with an aggregate net leasable area of approximately 33 million square feet. Its properties include 1293 Bloor Street West; 145 Woodbridge Avenue; 1556 Bank Street; 1650 -1660 Carling Avenue; 1860 Bayview; 1946 Robertson Road; 2422 Fairview Street, and others. Its properties for commercial lease, including grocery anchored, open air, mixed-use/urban, and enclosed centers. Its residential brand, RioCan Living, delivers purpose-built rental units and condos. 1293 Bloor Street West is located at the intersection of Lansdowne Ave & Bloor Street in Toronto.

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RioCan Real Estate Investment Trust > Distribution cut by 1/3

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Comment by Saphoon Dec 03, 2020 6:42pm

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Post# 32033788

RE:RE:RE:RE:RE:Distribution cut by 1/3

CANCDN wrote:

CANCDN wrote:

prophetoffacts wrote:
RioCan Real Estate Investment Trust Announces One-third Reduction in Distributions to Unitholders

GlobeNewswire 19 minutes ago

terrible news!!! Why would they do this when the FFO was covering the payout!!

At least they give us a month.. will be interesting to see if this was in fact priced in.

It will also give us many new dividend increases in the coming year. Still pissed but holding. Down to 17 tomorrow.