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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 > Within 30 months 10,000 residences will have been built
View:
Post by materialsgirl on May 24, 2021 9:16am

Within 30 months 10,000 residences will have been built

• ~100% located in Canada’s six major markets
• ~73% located in the GTA
•~83% are residential developments
•~60% located on transit

• Completed / In development by 2023*
~3,685 residential rental units
~6,348 condo/townhouse unit

This aspect of Riocan is "huger" than investors recognise.

The rentals will be cash cows forever.
The condos/townhouses will produce huge earnings.

There is still a chance of 10,000 rental units by 2030

$30 a share is closer than you think to use an automobile term

mat
Comment by SNAKEYBOY on May 24, 2021 9:44am
Wait till the WELL opens up!
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