riocan
Toronto symbol REI.UN, is Canada’s largest REIT. It specializes in large, Big Box-style retail shopping centres.
TORSTAR CORP. $7.15 (Toronto symbol TS.B; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 79.7 million; Market cap: $569.9 million; Price-to-sales ratio: 0.4; Dividend yield: 7.3%; TSINetwork Rating: Above Average; www.torstar.com) owns romance novel publisher Harlequin, which recently formed a joint venture with Cosmopolitan magazine that will publish two e-books a month, starting in August 2013.
The new series, called Cosmo Red Hot Reads, will help Harlequin profit from fast-growing demand for erotica, such as the best-selling Fifty Shades of Grey trilogy....
The new series, called Cosmo Red Hot Reads, will help Harlequin profit from fast-growing demand for erotica, such as the best-selling Fifty Shades of Grey trilogy....
ISHARES CDN REIT SECTOR INDEX FUND $17.10 (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) holds the 15 Canadian real estate investment trusts (REITs) in the S&P/TSX Capped REIT Index. The weight of each REIT is limited to 25% of the ETF’s value.
iShares CDN REIT’s expenses are 0.60% of its assets....
iShares CDN REIT’s expenses are 0.60% of its assets....
RIOCAN REAL ESTATE INVESTMENT TRUST $27 (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 300.1 million; Market cap: $8.1 billion; Price-to-sales ratio: 4.8; Dividend yield: 5.2%; TSINetwork Rating: Average; www.riocan.com) is Canada largest real estate investment trust (REIT), with 294 retail properties, including 11 under development. It also owns 52 malls in the U.S.
RioCan continues to expand beyond suburban big-box-style malls. It recently formed a joint venture with Allied Properties Real Estate Investment Trust (Toronto symbol AP.UN) to redevelop certain properties in Toronto as mixed-use office, retail and residential complexes.
The REIT has also agreed to pay $362 million for an enclosed shopping centre and 50% of another mall, both in southern Ontario. Enclosed malls now supply 16.1% of its Canadian rental revenue.
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RioCan continues to expand beyond suburban big-box-style malls. It recently formed a joint venture with Allied Properties Real Estate Investment Trust (Toronto symbol AP.UN) to redevelop certain properties in Toronto as mixed-use office, retail and residential complexes.
The REIT has also agreed to pay $362 million for an enclosed shopping centre and 50% of another mall, both in southern Ontario. Enclosed malls now supply 16.1% of its Canadian rental revenue.
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RIOCAN REAL ESTATE INVESTMENT TRUST (Toronto symbol REI.UN; www.riocan.com) is Canada largest real estate investment trust (REIT), with 294 retail properties, including 11 under development. It also owns 52 malls in the U.S. RioCan continues to expand beyond suburban big-box-style malls. It recently formed a joint venture with Allied Properties Real Estate Investment Trust (Toronto symbol AP.UN) to redevelop certain properties in Toronto as mixed-use office, retail and residential complexes....
RIOCAN REAL ESTATE INVESTMENT TRUST $27 (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 300.1 million; Market cap: $8.1 billion; Price-to-sales ratio: 4.8; Dividend yield: 5.2%; TSINetwork Rating: Average; www.riocan.com) is Canada largest real estate investment trust (REIT), with 294 retail properties, including 11 under development....
PRIMARIS RETAIL REIT $27.22 (Toronto symbol PMZ.UN; Units outstanding: 98.2 million; Market cap: $2.7 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.7%; www.primarisreit.com) has now agreed to a joint takeover bid from rivals H&R REIT $23.02 (Toronto symbol HR.UN; Units outstanding: 194.7 million; Market cap: $4.5 billion; TSINetwork Rating: Extra Risk; Dividend yield: 5.9%; www.hr-reit.com) and a consortium led by Canadian private equity firm Kingsett Capital.
Under the offer, Primaris unitholders can choose to receive 1.166 units of H&R or $28.00 cash per unit, subject to a maximum cash amount of $1.28 billion.
The transaction will see H&R end up with 17 of Primaris’s shopping centres plus nine more that Primaris plans to buy before the deal closes....
Under the offer, Primaris unitholders can choose to receive 1.166 units of H&R or $28.00 cash per unit, subject to a maximum cash amount of $1.28 billion.
The transaction will see H&R end up with 17 of Primaris’s shopping centres plus nine more that Primaris plans to buy before the deal closes....
PRIMARIS RETAIL REAL ESTATE INVESTMENT TRUST $27.02 (Toronto symbol PMZ.UN; Units outstanding: 97.8 million; Market cap: $2.6 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.7%; www.primarisreit.com) has received a friendly $28-a-share takeover bid.
The offer is from H&R REAL ESTATE INVESTMENT TRUST $23.73 (Toronto symbol HR.UN; Units outstanding: 194.2 million; Market cap: $4.6 billion; TSINetwork Rating: Extra Risk; Dividend yield: 5.7%; www.hr-reit.com).
The H&R bids tops the $26-a-share in-cash hostile takeover bid from a consortium led by Canadian private equity firm Kingsett Capital. This group includes RioCan REIT $26.67.
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The offer is from H&R REAL ESTATE INVESTMENT TRUST $23.73 (Toronto symbol HR.UN; Units outstanding: 194.2 million; Market cap: $4.6 billion; TSINetwork Rating: Extra Risk; Dividend yield: 5.7%; www.hr-reit.com).
The H&R bids tops the $26-a-share in-cash hostile takeover bid from a consortium led by Canadian private equity firm Kingsett Capital. This group includes RioCan REIT $26.67.
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ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $34.39 (Toronto symbol AP.UN; Units outstanding: 64.0 million; Market cap: $2.2 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.0%; www.alliedpropertiesreit.com) owns 126 office buildings, mostly in major Canadian cities. These mainly Class I properties contain over 9.1 million square feet of leasable area.
Class I refers to 19th- and early-20th-century light industrial buildings that have been converted to office and retail space. They usually feature exposed beams, interior brick and hardwood floors.
The trust bought $456 million worth of properties in 2011. In the first three quarters of 2012, it added a further $300 million of acquisitions. Allied has a 92.1% occupancy rate.
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Class I refers to 19th- and early-20th-century light industrial buildings that have been converted to office and retail space. They usually feature exposed beams, interior brick and hardwood floors.
The trust bought $456 million worth of properties in 2011. In the first three quarters of 2012, it added a further $300 million of acquisitions. Allied has a 92.1% occupancy rate.
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RIOCAN REAL ESTATE INVESTMENT TRUST $27 (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 299.0 million; Market cap: $8.1 billion; Price-to-sales ratio: 5.3; Dividend yield: 5.2%; TSINetwork Rating: Average; www.riocan.com) has agreed to buy a mall in Oakville, Ontario, plus 50% of another mall in Burlington, Ontario. Right now, Primaris Retail Real Estate Investment Trust (Toronto symbol PMZ.UN) owns these malls. RioCan will buy them from a consortium that has launched a friendly takeover for Primaris. The $362-million price is equal to 4% of RioCan’s market cap.
The new malls will give RioCan more flexibility to attract tenants with leases that include space in its other Toronto-area malls.
RioCan is a buy.
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The new malls will give RioCan more flexibility to attract tenants with leases that include space in its other Toronto-area malls.
RioCan is a buy.
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RIOCAN REAL ESTATE INVESTMENT TRUST $27 (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 299.0 million; Market cap: $8.1 billion; Price-to-sales ratio: 5.3; Dividend yield: 5.2%; TSINetwork Rating: Average; www.riocan.com) has agreed to buy a mall in Oakville, Ontario, plus 50% of another mall in Burlington, Ontario....