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 gasholeon Dec 03, 2020 7:00pm

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Post# 32033859

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

They really needed affo to cover the dividend and it wasnt. Probably a good move for them and not unexpected by me... I'm glad it was only 33% and not 50%.. i can live with that. Lets see what the stock does tomorrow !!! If it sells off enough I will use the 3 day rule and wait for it to settle out.... and buy more... I didnt believe sonshine in his interview a few months back where he said it was safe... he looked like snake oil salesman to me..

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!!