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 > Distribution cut by 1/3

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Comment by SargeXon Dec 03, 2020 7:15pm

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Post# 32033912

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

Hey Gas

How she go?

Spot on about no surprise on the cut and love the "snake oil salesman" comment. Classier than me just calling him "slimy". :-)

I also think it will be a great trading opportunity tomorrow. If all my trading money wasn't tied up in other trades, I'd have my finger ready to go at the open and be buyng within 15' after the initial slaughter. (I figure a $17.10 price would be a good buy target and a $17.60 price for a quick sell)

Should be a good spectator sport tonorrow morning.

Take her easy
Sarge

gashole wrote: 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!!