RioCan Real Estate Investment Trust T.REI.UN

Alternate Symbol(s): RIOCF

Real Estate REIT - Retail

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

RioCan Real Estate Investment Trust > What specifically did the market not like?

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Comment by CatchTheDipon May 10, 2022 5:41pm

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Post# 34672126

RE:What specifically did the market not like?

Guessing. SPNOI is flat, excluding BDE. Market wants SPNOI growth to beat inflation. Otherwise, earnings are great. REI had a massive run this year. Now it's back in line with other quality REITs, and trades a fair discount to NAV. Some REITs will need to catch up just to reach REIs discount to NAV.