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 > NWH anyone?

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Comment by CANCDNon Dec 03, 2020 7:44pm

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Post# 32034024

RE:NWH anyone?

thenewsnake wrote:

Healthcare REIT at 6.5% divy looks pretty good after this divy cut riocan- 5% now

nope.. the land packages RioCan owns are worth billions when redeveloped. I knew their was always a risk, and I also knew we wouldn't see a div increase for at least 3 years since we didn't cut. Now that they cut, we will see yearly increases for a long time coming.

RioCan got Punished after the Great Recession because they didn't raise much in the years after 2009, yet they didn't cut. Other could claim 50% growth and RioCan could only claim 10% but the whole story misses the point that the others cut. I am not happy, but overall, probably the right move.

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