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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 > Reit calculations?
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Comment by Frankie10on Jun 06, 2023 10:25am
133 Views
Post# 35482278

RE:RE:Reit calculations?

RE:RE:Reit calculations?

Cap rates are normalized returns before financing realtive to current value...

if cap rate is more than average borrowing rate - leverage has a positive impact on profit.

if cap rate is less than average borrowing rate - leverage has a negative impact on profit.

Given that the public securities we own do not trade at NAV, we can reverse engineer the implied cap rate based on stated cap rates and the discount to NAV.

implied cap rate vs. Risk free rate - is the risk being considered in the unit price of your REIT... currently lots of risk being priced into REITs, some more than others. Whether the market is discounting REITs appropriately is up to you... personally H&R is the greatest opportunity in CDN REIT land from a valuation perceptive, IMHO.

 

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