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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 gasholeon Mar 31, 2021 8:10am
64 Views
Post# 32912428

RE:RE:RE:RE:RE:RE:We had ONE case back in ~Jan 2020 and we FAILED

RE:RE:RE:RE:RE:RE:We had ONE case back in ~Jan 2020 and we FAILEDVery true, and although I "stole" money from the govt who shut me down 100% without any cause, (I should have been able to have a couple people in each of my stores)... but NOPE 100% shut down for 3 months of the last year in total...... Yet, I keep my employees fully paid, didnt lay any of them off... I gave 2 of them a raise during the last shutdown because they are awesome.... I didnt qualify for the rent relief because I was still doing deliveries and collecting "revenue" from products that were sold weeks earlier before the shut down even though my sales from Dec 26 to Mid Feb were basically ZERO... and yup I took 20k but I treated my employees more than fairly, and I didnt get any wage subsidy this last round of shutdown... So easy for the armchair warriors like Mirko to shoot their mouth off -  I know it (Mirko) was referring to me..... Its easy to judge when you are absolutely CLUELESS. 

Im one of those people that actually expanded their business during the pandemic - and spent money on trades, etc.... I was just pointing out how broken the whole govt assistance program is with my 20k comment (drop in the bucket for me)... It costs me over 20k per month to keep it floating before I even sell anything.. But the govt is awesome and im a thief.. LOL !!

Shirtlessnomore wrote: I'm not going to argue about that Mirko, you are correct, there are many that basically stole money from the government and benefited way beyond just "keeping afloat" I have a number of rental properties that afford me the time to spend at my camp up in northern ontario, I have a neighbor that doesnt get there as much until last year when he gloated about spending so much time there because of not only his large cheques from the government but also collecting CERB for the whole family (him, his wife and his son and daughter) and he said and I quote "I just decided to turn all my work down and spend the year here on the governments dime" so yeah that definitely is an issue and we will all pay for it in the end. That's also not the only one I've heard about either, I'm no rat but this activity will do nothing but hinder us, our kids and their kids for generations. Another scenario I heard from at least 3 different people stating they take everything they can get and then just do cash jobs. For some this has been a cash cow, I personally have been financially unaffected really and havent taken a penny from the government.
Mirko22 wrote:
gashole wrote: I agree with that statement, but some saying we should open up 100%... no way... Close 100%, but costco and walmart open? No way.. My business got bailout money and my sales are up 40% so far this year over 2020, yes, 40% - even after a second locdown just after Christmas to mid Feb... And I qualified for the $20,000 grant last month because my sales were down 93% last April.. ... shows how stupid our govt systems are.. but yes I took advantge of it, and I wont appologize for it. 

Shirtlessnomore wrote: Well in all fairness it was the governments that have closed them. No reason for walmart and costco to continue to be open and not small businesses. Small businesses are a large part of our country. If they didnt shut them down they wouldnt have to bail them out would they? If the zombies can wonder around the dollar store and walmart then they can wonder around every store. Every store that provides jobs to canadians is "essential"
Mirko22 wrote:
RagingBull3 wrote: even though we KNEW it was coming....ONE case, if you believe the Propoganda.   We FAILED because we lack  COMMON SENSE, HONESTY, COURAGE, RESPONSIBILITY and the ability to tell the FULL TRUTH.   

We FAILED.... We saw it coming, but we couldn't stop even ONE case from spreading.

No TESTING, No PROOF,  No RESPONSIBILITY........   Blame it on others.   

 


and now we wait like beggers for handouts for vaccines, We should be in complete lockdown and no more help to small business.  How many more generation will pay for bailing out the small business.
 

 

 


The reason i stated few days ago about small business. They recieve money and then close shop for good,. Here on this board we see the scums that are stealing from Canadians. There are lots of these scums.
 




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