Earnings
May 23, 2019 - CM
New! Canadian Imperial Bank of Commerce Q2-2019 Earnings - Price Target Update .....
May 23, 2019 - IPL
New! Inter Pipeline Ltd - Q1-2019 Earnings - Price Target Update .....
May 21, 2019 - KEY
Keyera Corp. Q1-2019 Earnings, Price Target Update .....
May 19, 2019 - CHE.UN
Chemtrade Logistics Income Fund - Q1-2019 Earnings, Price Target .....
May 18, 2019 - CNQ
Canadian Natural Resources Ltd. Q1-2019 Earnings .....
May 17, 2019 - FRU
Freehold Royalties Ltd - Q1-2019 Earnings, Price Target Update .....
May 15, 2019 - VET
Vermilion Energy Inc. Q1-2019 Earnings & Price Target Update .....
May 14, 2019 - ENB
Enbridge Inc. Q1-2019 Earnings & Price Target Update .....
Recommendation Changes
EIF, DR, FTS, CPX, CJR.B, more...

RioCan REIT - 2018 Earnings & 2019 Forecast

This is only a sample of the article, please login to view the entire article

Riocan REIT owns, manages and develops high quality retail, with a strategic focus to increasing mixed-use, transit-oriented properties in Canada's major markets. With ownership interests in 233 retail and mixed-use properties, including 16 properties under development, comprising 38.7M sq. ft. This includes 2.6M sq. ft. of property under development. In Oct-2017 a strategy was put in place to shift the portfolio focus in Canada's six major markets through the sale of approximately 100 properties located primarily in secondary markets across Canada over two to three years. As of Feb-2019, they had either completed or entered into firm agreements to sell $1.3B of properties in secondary markets representing approximately 63% of the announced disposition target. A total of $1.8B of properties has been sold over the past two years.

The property portfolio includes grocery anchored, urban retail, mixed-use and non-grocery anchored centres, of which 189 properties are 100% owned (186 income properties and 3 properties under development) and 44 are co-owned and governed by co-ownership agreements (including 13 properties under development). RioCan's primary co-ownership arrangements are with Allied Properties REIT (Allied); Canada Pension Plan Investment Board (CPPIB); KingSett Capital (KingSett); Tanger Factory Outlet Centres, Inc. (Tanger); Boardwalk REIT (Boardwalk); Killam Apartment REIT (Killam); Concert Properties (Concert); and Woodbourne Canada Partners (Woodbourne). In addition, Riocan also owns partial interests in 13 properties through joint ventures with Hudson's Bay Company (HBC) and Marketvest Corporation/Dale-Vest Corporation.

Measured by revenues, 66% is from Ontario, Alberta-15%, Quebec - 9%, BC -8% and other at 2%. Among their largest tenants are Loblaws, Shoppers Drug Mart, Canadian Tire, Walmart and Cineplex Galaxy Cinemas.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
May 24, 2019
New! TD Bank 5.1% Rate Reset Preferred Share New Issue
May 17, 2019
Coverage Universe - Weekly Price Change May 10-17, 2019
May 11, 2019
Coverage Universe - Weekly Price Changes - May 3-10, 2019
May 7, 2019
Capital Power Corp - $150M, 5.75% Mininum Rate Preferred Share New Issue
May 4, 2019
Coverage Universe - Weekly Price Changes Apr 26- May 3, 2019
April 26, 2019
Coverage Universe - Weekly Price Changes Apr. 19-26, 2019
April 19, 2019
Coverage Universe - Weekly Price Changes Apr. 12-19, 2019
April 18, 2019
Surge Energy Inc 6.75% Convertible Debenture New Issue