RioCan Real Estate Investment Trust T.REI.UN

RE:Re: Huge loss on investment properties?

[materialsgirl]

Development properties are most often carried at oroginal cost 
until permits are granted.
Development properties are carried at prices below true value for 
all REITs nearly all of the time.
Exceptions would be rare.
Existing properties are increased or decreased in value based 
on best guesses of what a property would sell for.  The cap rate 
would be the primary basis for the calculation.

Boosts or cuts to values can be seen as simply noise.
Rents are rising modestly and demand is strong.

During 2023 to 2025 we will get incremental additiions to 
metrics as the WELL opens up and boosts book value and 
boosts cash flow and FFO

Worry not.   Ignore noise just as the professionals do

mat