RioCan Real Estate Investment
REI.UN-T
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About RioCan Real Estate Investment (REI.UN-T)
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He would do more homework on this. It used to be a stellar Canadian REIT, but their main investments, commercial properties, have been hit by technological disruptions. They are now moving into residential properties, which is good.
Well-managed and pays a good dividend yield below 6%. They manage their balance sheet well. Could be quite an interesting investment.
He would do more homework on this. It used to be a stellar Canadian REIT, but their main investments, commercial properties, have been hit by technological disruptions. They are now moving into residential properties, which is good.
Well-managed and pays a good dividend yield below 6%. They manage their balance sheet well. Could be quite an interesting investment.
Many have been betting that Amazon will crush every brick and mortar retailer, which he thinks is far too simplistic. Shorting a REIT is an expensive carry. Riocan has whittled down their portfolio and made it high grade, including their biggest, a massive $3-billion project in downtown Toronto. They're re-purposing retail space into better use, which will drive up share prices and the dividend yield now around 6%.
Many have been betting that Amazon will crush every brick and mortar retailer, which he thinks is far too simplistic. Shorting a REIT is an expensive carry. Riocan has whittled down their portfolio and made it high grade, including their biggest, a massive $3-billion project in downtown Toronto. They're re-purposing retail space into better use, which will drive up share prices and the dividend yield now around 6%.
They primarily hold retail assets. In a non-registered account, this is an awesome income generation with a good payout ratio. They hold higher quality assets and they have been divesting some assets. It also trades at a 15% discount to NAV. Yield 5.8%.
They primarily hold retail assets. In a non-registered account, this is an awesome income generation with a good payout ratio. They hold higher quality assets and they have been divesting some assets. It also trades at a 15% discount to NAV. Yield 5.8%.
Not a lot of detail regarding cannabis retail market yet. May be an opportunity for retail rentals and possibly good for them. Too early to say what impact this may have for Riocan.
Not a lot of detail regarding cannabis retail market yet. May be an opportunity for retail rentals and possibly good for them. Too early to say what impact this may have for Riocan.
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