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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

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Post by SNAKEYBOY on Jan 12, 2023 10:05am

ON ROOT TO $23!

MARKET IS ANTICIPATING SOME PHENOMENAL RESULTS!
Comment by RelevantInfo69 on Jan 12, 2023 2:26pm
Closed out my position at $22.75. This is gonna pull back for sure. Make sure to take some profit here Snakey as you do nothing but complain when it dips.
Comment by SNAKEYBOY on Jan 12, 2023 4:08pm
Already tossed a few around $22.00 even...just cause I'm borrowing at 5.4%.  If not I wouldnt have sold anything.  I think Q4  financials for REITS will continue to boost them a big higher, might even hit $24!
Comment by hroark7 on Jan 12, 2023 6:39pm
So you've got just under $300k in margin.
Comment by SNAKEYBOY on Jan 12, 2023 10:28pm
I got a ton of margin! As long as I'm very very far away from a margin call its all good. MARGIN MARGIN MARGIN!
Comment by hroark7 on Jan 12, 2023 11:43pm
Believe it or not, there are a bunch of schmucks on 3.33x margin owning REITs like FCR.UN and REI.UN.
Comment by SNAKEYBOY on Jan 13, 2023 2:58pm
What does 3.33x mean?
Comment by hroark7 on Jan 13, 2023 5:35pm
It means they use 230% margin, which is the maximum amount you can use on Interactive Brokers. Highly risky.