RioCan Real Estate Investment Trust T.REI.UN

REI vs BPY

[SirCharlesV]

I used to be a big fan of REI, until Ed "snakeoil salesman" SonShine lied through his teeth and cut the distribution. What happened to the covenant you had with the shareholders relying on the distribution, Ed? Anyways, I'll be moving my REI holdings over to BPY where the distribution yield is signficantly higher, backed by BAM, and most importantly SAFE.

[Sapho]

c Nothing is safe these days.  I will take a chance and buy the following, BPY, EIF,  RUS and AD.UN.  Ed is retiring as CEO and REI could be takeover target which is a bit tempting to hold small posiotion in it.  Ed has been lying for long time.  Can someone correct me?  Does REI currently holds 60M in cash? 

[SirCharlesV]

I think shareholders should closely monitor executive compensation going forward. If any of the execs make use of that $150 million from the distribution cut to boost their salaries that would be a crime of epic proportions. I sure hope they don't do that. 

[hroark7]

Sapho, this is a very interesting point you bring up, it's something I've discussed with someone here before, the fact that RioCan is the type of asset a big whale like OMERS or OTPP would buy. It can be bought for a good price, and with all the money printing, hard assets are going to be where it's at when we recover.

[CANCDN]

you are crazy... if you don't think BPY is either cutting or taken private (meaning no more dividend and will be at a price BAM wants because they are majority shareholder) you are nuts. Other malls reits that are better such as SPG and MAC haven't recovered like BPY because they don't have BAM. I feel so bad for the sheep that are going to get slaughtered on BPY when they announce a

[thenewsnake]

I don't blame Sonshine for being wrong about the div cut. He said that back in March when we were told the "2 week to slow the spread" BULL$HIT NARRATIVE.  Government went into lockdown mode rather easily again starting with gyms/movies/restaurants in Oct, and it's that the government is NOT being transparent on when these measures will ease up. That's the issue. The