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 > The only question that MATTERS

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Comment by CANCDNon Dec 05, 2020 5:46pm

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RE:RE:The only question that MATTERS

I own MAC and SPG. I am loving the short squeeze on MAC and it's just getting started lol

ntcse123 wrote: Boardwalk is better in short term I think - all affordable residential, they've been through depressed times before and done great, CEO takes no salary, over 20% ownership so aligned with unitholders. Had nice GROWTH of AFFO per share the last quarter, if you like residential developments a bigger REIT like RioCan do, then why not invest in a pure play - think RioCan actually is partnered with them for one development. NAV is 60 so better discount too.

If you are open to US REITs there are alot of options. MAC is one I got into in the past months - another retail play huge discount to NAV, class A malls only, very busy in US unlike other malls, short squeeze is happening now after their quarterly results which were good, nice dividend, have some interesting stuff like their new office development for Google coming online, beautiful building with 12 year lease I believe.

Have alot in kindof a sleeper with STAR as well - 1 Billion dollar REIT yet owns 2/3 of another growing REIT called SAFE that is worth 3.5 Billion and that will probably be valued at 5 Billion in a year or two. Working with SAFE to be a total package to the ground lease business, there are articles on Seeking Alpha to explain it but its the safest you can think of. STAR has its own stuff as well a mix some low quality but they are undervalued even without considering the SAFE ownership - they have Ashbury Park which is like their own resort town on the East Coast which will be worth alot after the pandemic. Beware for some that don't like this, the CEO is an All Star that does interviews - although so is the Brookfield billionnaire CEO so I don't think this should be a hard rule. Insiders have a big stake in the success of the company including when they sell out of SAFE they get a 15 percent cut. They RAISED their dividend this summer and buying back shares.

thenewsnake wrote: Is there a better REIT to purchase at the current trading price then Riocan? I don't think they're any screaming deals to move some of my Riocan holdings to. Are there?!?!!?!