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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

Comment by SirCharlesVon Dec 05, 2020 4:52pm
118 Views
Post# 32044645

RE:RE:REI vs BPY

RE:RE:REI vs BPYI think shareholders should closely monitor executive compensation going forward. If any of the execs make use of that $150 million from the distribution cut to boost their salaries that would be a crime of epic proportions. I sure hope they don't do that. 

Sapho wrote:
SirCharlesV wrote:

I used to be a big fan of REI, until Ed "snakeoil salesman" SonShine lied through his teeth and cut the distribution. What happened to the covenant you had with the shareholders relying on the distribution, Ed? Anyways, I'll be moving my REI holdings over to BPY where the distribution yield is signficantly higher, backed by BAM, and most importantly SAFE. 

 

c

Nothing is safe these days.  I will take a chance and buy the following, BPY, EIF,  RUS and AD.UN. 

Ed is retiring as CEO and REI could be takeover target which is a bit tempting to hold small posiotion in it.  Ed has been lying for long time. 

Can someone correct me?  Does REI currently holds 60M in cash? 



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