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 > Sinking Fast

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Comment by gasholeon Dec 10, 2020 1:29pm

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Post# 32077834

RE:Sinking Fast

Huh? What are you talking about?? The ground just went down what does that mean?

They are taking on more debt, is that what you are referring to? In this interest rate environment its a smart move.. They are saving so much money and will be renegotiating mortgages at super low un heard of rates.. its going to save them a couple hundred million a year in interest payments. These rates are super bullish for REITS because they all have massive mortgages.. This 500 million debt issuance will allow them to spend 1 billion plus on new developements..

NAV is going to skyrocket in 2021 and 2022, REI and others are going to benefit from these low rates in a BIG way. I sold yesterday morning at 17.75, bought 1/2 back again this morning at 17.35 to $17.40......

NAV will be low $30's in 2 to 3 years.