Toronto The Well | 174.03m | 46s | RioCan | Hariri Pontarini

Lyphe said:
It's funny, as Covid raged, I kept thinking about the massive scale of this project and wondering if it made Riocan nervous.
Today they cut their dividend.
That said, the financials show them to be in excellent health with lots of liquidity, but it is interesting to see them making a move to conserve cash and be prudent.
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My forays into investing has led me to the conclusion that there is no correlation between stock prices and REIT financials, leverage positions, or portfolio + development potential. Was disappointed to see them slash their dividends though.

I had kinda expected RioCan to be hit harder by COVID than other REITs though given there portfolio of retail in smaller Canadian markets. They were actively dumping it + investing in multi-residential (like here at The Well) when COVID hit.

condovo said:
I guess the cheap, green glass is part of their move to conserve cash. :rolleyes:
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That green glass plopped up on Allied's radar, no?
 
2020/12/07

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Tuesday, December 8:

Thirteen days since the last step up to the 33rd Floor, the forms on the west side of the office tower have started their migration up to the 34th Floor.

Cycle times per floor over the past months since early May have been:

Date.................Floor.........Days
May 1................19................-
May 28..............20................27
June 12.............21................15
June 25.............22................13
July 10...............23................15
July 24...............24................14
August 10.........25................18 (Includes the August long holiday weekend)
August 21.........26................11
Sept. 3................27................13
Sept. 21..............28...............18 (Includes the Labour Day holiday long weekend)
October 9...........29...............18
October 23........30...............14 (Includes the Thanksgiving Day holiday long weekend)
November 5......31...............13
November 13....32................8
November 25....33..............12 (This time period spans two weekends)
December 8.......34..............13 (This time period spans two weekends)

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I'm pretty shocked at how quickly the midrise buildings (at least the first two which I believe are rentals?) on Wellington have sprung up. Is it safe to say we can expect to see some form of cladding show up here within the next few months?
 
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