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.

TSX:REI.UN - Post by User

RioCan Real Estate Investment Trust > Retaining cash to improve share price is the move here.

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Comment by CANCDNon Dec 03, 2020 7:06pm

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Post# 32033881

RE:RE:Retaining cash to improve share price is the move here.

hroark7 wrote:

RetiredCEO wrote: "The additional capital will be used to fund initiatives that drive long-term net asset value growth for RioCan’s unitholders such as its mixed-use residential developments, unit buybacks through its normal course issuer bid program, and debt repayment."

The best use (Best ROI) of cash right now for RioCan is buying these cheap units back.

This is a very surprising and unexpected move from RioCan. Given this, they better be aggressively buying back units the way BPY and SRU did to support the stock, and they better be doing it starting tomorrow.