TSX:REI.UN - Post by User
Comment by
mavion Jul 09, 2002 10:06am
183 Views
Post# 5271042
RE: RioCan has solid properties
RE: RioCan has solid propertiesRioCan is not just claiming their income, they are handing out about 90% as dividends. The bs accounting we are seeing in the US is all structured hot air. RioCan income is from documented rents, leases and (as was mentioned) visible assets i.e. the bricks and mortar.
When the dividends stop coming, and the banks call their mortgages I'll start to worry, till then I'll settle for the annual 20-40% total returns.