PPRQF - RioCan: Stable Market Leader Strong Management And Sound Margin Of Safety
All currency figures are in Canadian dollars unless otherwise stated.
In May 2018, Choice Properties REIT (OTC: PPRQF) (TSX: CHP.UN), the real estate arm of Loblaw Companies (LBLCF), made a bold move to become Canada's largest REIT by enterprise value with a $6.0 billion transaction to acquire Canadian REIT, Canada's oldest real estate investment trust, a deal that gave Choice more access to industrial and office space and toppled RioCan REIT (RIOCF) from its long-held title as Canada's largest REIT enterprise value. The combined entity will have an enterprise value of $16 billion,