TSX:REI.UNRetail REITs
Did RioCan’s (TSX:REI.UN) Major Buyback Signal Management’s Confidence Despite Recent Net Loss?
RioCan Real Estate Investment Trust recently announced a substantial share repurchase program, authorizing the buyback of up to 29,319,995 units, or 9.96% of its outstanding units, funded through available cash and undrawn credit facilities, with the repurchased units either cancelled or used for equity-based compensation plans.
This significant buyback initiative was unveiled shortly after the company reported increased revenue but a net loss for the third quarter, underscoring management's...