Riocan Real Estate Investment Trust
 (RIOCF)

- OTCPK - Current
What's your position on ?
Bullish
Bearish
Why are you ish?
Skip
Post
You voted ish on Vote again
Posts appear on the My Feed page of subscribers to this ticker
Last vote:
  • Yesterday, 9:37 AM
    | Yesterday, 9:37 AM | 1 Comment
  • Dec. 18, 2015, 8:21 AM
    • After completing a strategic review of its U.S. operations, RioCan (OTCPK:RIOCF) agrees to sell its U.S. portfolio of 49 retail properties in the Northeast and Texas for $1.9B to Blackstone (NYSE:BX) Real Estate Partners VIII.
    • The sale will ensure ample funds with which to make its just-announced purchase from Kimco and to significantly deleverage the company balance sheet.
    • The sale price represents an increase in value of about C$930M over the cost of the properties (which were acquired between 2009 and 2015), or an estimated IRR of roughly 16%.
    • Source: Press Release
    | Dec. 18, 2015, 8:21 AM | 1 Comment
  • Nov. 23, 2015, 2:55 PM
    • Target (TGT +2%) strikes a deal with RioCan Real Estate (OTCPK:RIOCF) over 18 abandoned leases in Canada.
    • The company paid $99M as part of the settlement to RioCan and other owners.
    | Nov. 23, 2015, 2:55 PM
  • Sep. 24, 2015, 9:25 AM
    • Kimco (NYSE:KIM) will sell its interest in a Canadian JV owning 35 properties to its JV partner RioCan Real Estate Investment Trust (OTCPK:RIOCF).
    • The move is inline with Kimco's strategy to simplify its business by, among other things, reducing the amount of properties it owns in JVs.
    • The sale will take place in stages, and the disposition of the initial 19 properties will result in cash proceeds to Kimco of about $220M.
    | Sep. 24, 2015, 9:25 AM
Company Description
Currently, there's no company description for RIOCF.
Sector: Financial
Country: Canada