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Bullboard - Stock Discussion Forum 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, develops, manages and operates retail-focused properties and mixed-use developments located in Canada. Its property portfolio is categorized into leasing, development and residential. Its properties span retail, residential and mixed-use developments in Canada. Its properties are anchored by... see more

Bullboard (TSX:REI.UN)

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Post by garyreinson Mar 19, 2025 8:58am

Sink or swim time

I do expect strong support 17 to 17.50
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(22)
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  • Sunsurfer12X
Comment by Sunsurfer12on Mar 18, 2025 8:55pm

RE:JOINT VENTURE

Unlikely riocan would be full buyer except for select properties..bigger ones like hbc vancouver would likely see riocan increase stake from their security position but bring in another large or ...more  
Post by garyreinson Mar 18, 2025 6:46pm

JOINT VENTURE

What happens to HBCs 80% holding of the real esate? If they need to liquidate to cover creditors, Riocan is stuck in the middle, and would have to be the end buyer I would think (at least for some)
Comment by garyreinson Mar 18, 2025 5:55pm

RE:over-reaction in my opinion

Shorts saw the opportunity. The question now is what's a solid safe entry
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(2)
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  • Jamested84X
Post by Jamested84on Mar 18, 2025 5:21pm

over-reaction in my opinion

In Rio can's news release they said total hbc equity exposure amounts to 3.3% and the stockwas down 3.7%  today ..  TD analysts estimate about a .04 cent hit to AFFO .. and with REI.UN ...more  
Comment by garyreinson Mar 18, 2025 5:13pm

RE:RE:RE:RE:SAD.

Good point, buy out their properties for a discount.  Never thought of that!
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  • Sunsurfer12X
Comment by Sunsurfer12on Mar 18, 2025 5:04pm

RE:RE:RE:SAD.

FFO bite?  Again..what happened at Zellers? within 9 or so months they released everything at a postive lease spread that I can't recall exactly off top of hand but beleive it was in the 7-12 ...more  
Comment by garyreinson Mar 18, 2025 4:41pm

RE:RE:SAD.

What about the FFO bite?
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  • Sunsurfer12X
Comment by Sunsurfer12on Mar 18, 2025 4:22pm

RE:SAD.

ok...time to stop moaning.. 1) Ed had oversight on this deal..he is a QC..he did not give away REI $ without good security and fallbacks 2) Ed realized there is risk here and in worrst case scenario ...more  
Post by garyreinson Mar 18, 2025 4:01pm

SAD.

First close in the $17s in almost a year, furthermore, one of my largest holdings.  REI really set itself up badly here! What other tennant can do that?
Post by garyreinson Mar 18, 2025 3:53pm

with the DIVE today...

At $17.87 the question now becomes whats an attractive risk/reward entry factoring in a short term bad outcome but a medium-long term solid entry.  Im thinking <$17.50 would be a safer bet ...more  
Post by garyreinson Mar 18, 2025 3:38pm

TOO LATE TO SELL unfortunatly..

the 4% loss today bakes in the 5% FFO loss and NAV loss...might be a bit more selling pressure depending on the courts and where reits go low $17s I  may be ready to mop it up
Post by garyreinson Mar 18, 2025 3:32pm

nope, no recovery coming.

guess we gotta accept this is a $17.xx stock for the time being which should be enough to bake in the losses at a 250m writedown and FFO loss
Post by garyreinson Mar 18, 2025 3:18pm

NCIB

Too bad they blew a lot of that NCIB money....tthey definitely would have a lot of orders to absorb down here