Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 hroark7on Dec 24, 2024 12:54pm
19 Views
Post# 36376642

RE:RE:RE:RIOCAN

RE:RE:RE:RIOCAN
spacegimp wrote: also the NOI is getting stronger  and they have  lots of cash coming in from  condo sales in the next 12 months .  


They have $600 million of cash coming in from condo sales for 2025 and bit of 2026. And that money is going all to debt reduction.

Even though RioCan has been getting really great rates relative to other REITs, when the Bank of Canada raised, it did have quite an impact on RioCan's income statement if you look at the Interest Expense line item.

So now, they're going to have cash to pay off about 10% of their entire debt, plus they have the tailwind of decreasing interest rates.

This is the only REIT I know that has the cash coming in this year like this, plus they are also able to get much lower rates than other typical REITs. So I'm glad just continuing to pick up shares while they are cheap right now.

From a financials statements point of view, it's going to be an amazing year for RioCan next year. When sentiment changes and cooperates (and it inevitability will), RioCan will have no probem running up fast to and even above it's NAV of $25.05 (and rising).
<< Previous
Bullboard Posts
Next >>