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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 Shirtlessnomoreon Dec 12, 2020 12:09am
93 Views
Post# 32092282

RE:Interest in RioCan Stock might be waning?

RE:Interest in RioCan Stock might be waning?Government will have NO choice but bail outs when they are the ones closing businesses, choice and RioCan are apple's and oranges, and your February assumptions are 100% pure speculation and your opinion, if shareholders shared your outlook on it this would be 5 bucks when in fact it's only 69 cents cheaper then pre div cut news, the dividend cut is not bad news and that will be obvious when the financials are released or buybacks occur. Smart money didnt sell on this news they bought for a discount. Getting even 1 dollar off the stock is 25 months of 4 cent difference in dividends, I like to think of it as an instant rebate. Or maybe you could think of it as a buy 17 get one free sale.
BlueGuitar1 wrote: too but don't expect the governement to bail out forever.  Look at Choice Properties:  payout ratio is 62%.  They are years ahead in residential properties and being anchored by Loblaws, Shoppers Drug Marts and all the other food names, it is pretty safe, imo.  It pays 5.5% dividend and is $4 cheaper per unit by February after the last high yield is paid, REI is going down. 



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