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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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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, 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... see more

TSX:REI.UN - Post Discussion

RioCan Real Estate Investment Trust > Very strong high volume close, welcome to Santa Clause rally
View:
Post by SirCharlesV on Dec 15, 2020 4:19pm

Very strong high volume close, welcome to Santa Clause rally

There was a very strong high volume close today. If this momentum continues into January we'll likely be at $20. We might even hit $24 sometime between May-July if the vaccine rollout continues as planned.

Scotiabank's $27 year end 2021 forecast may actually end up being more or less accurate. Never underestimate the vociferous strength of undervalued real estate.
Comment by materialsgirl on Dec 15, 2020 4:45pm
You are right-on. Can you share the basis of the Scotia conclusion? Did they assume a shrinking cap rate? Did they assume a 10% premium to NAV.? Or what? I assume that they assume that furnished suites will be almost fully rented with the virus crushed mat
RioCan Real Estate Investment Trust