RioCan Real Estate Investment Trust T.REI.UN

Cambrian Mall Sault Ste Marie is for sale

[CANCDN]

Another secondary market property is being off loaded. Maybe SRU can pick it up to add to thier collection of secondary market properties.

I know lots of people are big fans of SRU, but in my city, the Walmart Smart Centre has Walmart, Staples, Petsmart, Subway and the rest of the plaza is empty. So many closed stores. I just dont see a future in secondary markets for commercial real estate besides Walmart.

[Sapho]

I am fan of SRU but have no capital left to buy, Around where i live there are more SRU properties than REI.  I am holding on my to 40K shares of REI while my monthly distr of REI will not be as attractive holding SRU. This is the only REIT that I have,. 

[CANCDN]

Monthly distributions really dont make a difference. Retained results in increased NAV, paid out results in less NAV increase.  IN saying that, I think SRU is still paying out 100% plus, as such are theoretically borrowing money to pay out. The recent FFO was signifcantly inflated by condo sales... remove those condo sales, it is was pretty bad, but most people dont look that deep at the