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

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RioCan Real Estate Investment Trust > Re: Huge loss on investment properties?

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Post by zforzebra on Nov 06, 2022 9:33am

Re: Huge loss on investment properties?

It was $119M which is big but there isn't any elaboration as how it was incurred in the report. Were they writing off the value of some of their development residential properties?

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Comment by stever50 on Nov 07, 2022 4:46pm

Huge gains today with a ton of volume

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Comment by materialsgirl on Nov 08, 2022 12:36pm

Development properties are most often carried at oroginal cost until permits are granted. Development properties are carried at prices below true value for all REITs nearly all of the time. Exceptions would be rare. Existing properties are increased or decreased in value based on best guesses of what a property would sell for. The cap rate would be the primary basis ...more

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RioCan Real Estate Investment Trust