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 > Last time I recall

<< Previous

Bullboard Posts

Next >>

Comment by Lacas24on Dec 04, 2020 12:58am

145 Views

Post# 32035028

RE:RE:RE:RE:Last time I recall

It is a terrible move. Plain and simple. This is not a significant cut to save meaningful cash but enough to send shockwave throughout already on the edge retail investors. I have a rather large amount of Riocan and I will bail. Not because I am scared to lose money on the stock. It is due to the terrible decision or greed by the management. If you cut because you want buybacks lower then go to hell. You don't deserve my trust but don't tell me you can't afford it. Payout ratio is in the 80 ish. I can dump this money into Enbridge, Smartcentre , INO for 8% dividend. Why should I trust these greedy old man? Backstabbing me for a 3.5% cut?

<< Previous

Bullboard Posts

Next >>

TELUS adds 347K customers in Q3