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New! Brookfield Real Estate Services Inc. Q3-2017 Earnings Update .....
December 15, 2017 - RCI.B
New! Rogers Communications Inc. Q3-2017 Earnings and Price Target .....
December 14, 2017 - SJR.B
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December 13, 2017 - BCE
BCE - Q3-2017 Earnings, Price Target Update .....
December 12, 2017 - T
Telus Corp. Q3-2017 Earnings & Price Target Update .....
December 10, 2017 - KEG.UN
The Keg Royalties Income Fund - Q3-2017 Earnings .....
December 9, 2017 - MKP
MCAN Mortgage Corp. Q3-2017 Earnings & Price Target Update .....
December 7, 2017 - AI
Atrium Mortgage Investment Corp. Q3-2017 Earnings .....
Recommendation Changes
SJR.B, FN, KEY, MRT.UN, SRU.UN, more...

RioCan REIT - Q2-2017 Earnings & Price Target Update

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RioCan owns and manages Canada's largest retail focused portfolio with ownership interests in 299 retail and mixed use properties, including 15 properties underdevelopment, containing leasable area in total of 45.4 sq. ft. RioCan's property portfolio includes grocery anchored, new format retail, urban retail, mixed use and non-grocery anchored centres, of which 253 properties are 100% owned (250 income properties and 3 properties underdevelopment) and 46 are co-owned and governed by co-ownership agreements (including 12 properties under development). RioCan's primary co-ownership arrangements are with Allied Properties REIT (AP.UN); Canada Pension Plan Investment Board (CPPIB); KingSett Capital; Tanger Factory Outlet Centres, Inc.; and Trinity Development Group. In addition, they also own partial interests in 13 properties through joint ventures with Hudson's Bay Company (HBC) and Marketvest Corporation/Dale-Vest Corporation. Measured by revenues, 64% is from Ontario, Alberta-15%, Quebec - 9%, BC -9% and other at 2%. Among their largest tenants are Loblaws, Shoppers Drug Mart, Canadian Tire, Walmart and Cineplex Galaxy Cinemas.

Total properties prior to the US disposition in May-2016 were 353 retail properties in Canada and the U.S. combined, including 15 under development. The decrease as of June-30-2017 is from the disposition of their US property portfolio net of acquisitions of Canadian properties. In May-2016, RioCan completed the sale of its U.S. portfolio of 49 wholly owned investment properties to Blackstone Real Estate Partners for US$1.9B before repaying mortgages of US$1B.

Target Backfill

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New Issues & Acquisition
December 15, 2017
New! Coverage Universe - Weekly Price Changes Dec 8-15, 2017
December 8, 2017
Coverage Universe- Weekly Price Changes Dec 1-8, 2017
December 6, 2017
AG Growth International - New Convertible Debenture
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Kinder Morgan Canada Inc. 5.2% Rate Reset Preferred Share New Issue
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Fiera Capital Corp. - New Convertible Debenture
December 4, 2017
Melcor REIT - New Convertible Debenture
December 4, 2017
Enbridge Rate Reset, Minimum Guarantee New Issue
December 1, 2017
Coverage Universe - Weekly Price Changes Nov 24-Dec 1, 2017