Post by
thenewsnake on Feb 08, 2021 7:47pm
Overweight Riocan but not optimistic
HR and RIO are 2 of my largest holdings. Sure it will be ok long term. Just didn't realize how terrible John Toy and De Villa are, probaly the most tyraniccal of rulers, doesn't seem like they ever want to reopen.
RIO might be a laggard but still their locations are worth it long term
Comment by
Bagofhammers on Feb 08, 2021 9:14pm
SRU is a stronger reit on multiple fronts. Everyone enjoy the reduced div payment this week?
Comment by
gashole on Feb 09, 2021 8:23am
the thing I dont like about SRU is they could cut the divi... they have over 100% payout ratio, this quarter should be interesting.. they might hold it, but if they cut the dividend could be lower than REI as a yield unless the stock drops a lot, which it likely would.. so thats why I am a bit sketchy on SRU. Otherwise though I think its a great company.
Comment by
Shirtlessnomore on Feb 09, 2021 1:29pm
That's exactly why I took my profit and exited, I think they will and when they do I dont want to be holding it. Lots is open but a bunch closed as well and they are big overhead places that may not recover, Jmo.
Comment by
hroark7 on Feb 09, 2021 11:38am
Love it, couldn't be happier, you enjoying the fact that Walmart pays SRU less than half price for rent while paying full price rent to RioCan and FCR?