RE:RE:No longer a PROUD owner of RIOCAN I believe you are overthinking this. The financials are audited and public. He just let it slip that in Jan the payout will be 60% which puts the q4 results at the same as q3. To each their own, but if you want income, you could have simply sold a few shares to recoup you 4c share loss and paid less taxes. The 4c isn't a loss, it's reallocated as the NAV will gain the exact amount of the 4c per unit you no longer gain. In fact, the NAV gain will be higher.
If a retailer wants to stop paying rent, they have two options, have the property taken over by landlord and property sold off OR forced into bankruptcy. It's not as simple as just closing up shop unless you want to pay huge lease break fees. In the GTA, Thier are liekly tennants who have longer below market leases that RioCan would actually like to let them break their lease.
we will see in the long run who was wrong, but I believe you made a major error like I did about a month ago.
the other evidence of this is look on commercial real estate listing in the GTA. Still almost no availability of space in "power centres" and single store leases on blood etc are still listed for 60+ sqft.
hyperinflation is coming in the spring when the fees are going to force savers to spend money. It's going to be epic. US fed has said inflation will be huge!!!
Sapho wrote:
thenewsnake wrote: I was intent in the summer to make Riocan one of my largest holdings. I did that, at 250k. The yield was 9%, it was looking rosy.
But now the market figured it out- REITS like Artis, and HR, that are geographically and diversified REITS have steady industrial/office rents that is not impacted by lockdowns.
Let's be realistic, in the lockdown world, which may not ease up anytime soon, RIOCAN IS A DAWG with fleas.
I left over 65K on table and got out yesterday. REI.UN troubles are much deeper than ED was saying yesterday, Lockdown and shutdown will continue till March and many stores wil not open ever again, As an income investor , the new yield is not acceptable with uncertainty about COVID.
i did my homework and REI was given me 7400 a month, I think div cut will happen with SRU as well.
BPY is now yeilding at 8% which in enticing .
I am sure everyone realize a correction is coming, i will wait and pick up stocks like EIF or FN.
I add ED to scums of Tony Mario of VET and Churchill of ALA.,
One thing i noticed over the past 10 years, When CEO constantly appear on BNN, They will lie,