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 > Phew. We are safe for 15 years

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Comment by hroark7on Dec 17, 2022 11:10pm

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Post# 35178158

RE:RE:RE:RE:Phew. We are safe for 15 years

The way I see it, it's like Target all over again. When Target pulled out of Canada and they were in many RioCan locations, people were worried about RioCan but they ended up leasing that space out for even more money.

The penalty to Shopify to break that lease would be huge. Would likely give us 1-2 years worth of rents, so if Allied and RioCan can fill that space within that timeframe, Shopify backing out is actually a financial win. Also keep in mind to lease that much space, Shopify likely got a nice discount. Now Allied and RioCan are free to lease out that space at fuill pop.

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