尽管过去零售业表现不佳,RioCan报告租赁增长强劲,利润因减值减少,但未受到HBC剩余风险的重大影响。
RioCan reports strong leasing growth despite past retail struggles, with profits down due to write-downs but no major impact from remaining HBC exposure.
尽管玩具“R”Us和Hudson's Bay倒闭, RioCan房地产投资信托公司的首席执行官Jonathan Gitlin表示零售业依然强劲, 指出RioCan在破产前退出了玩具“R”租赁,
Despite the collapse of Toys "R" Us and Hudson's Bay, RioCan Real Estate Investment Trust's CEO Jonathan Gitlin says the retail sector remains strong, noting RioCan exited its Toys "R" Us lease before bankruptcy and attributing the failures to poor management and lack of capital.
由于杂货商扩大折扣产品的需求,该公司在第四季度报告了新租利率的37.3%上升和混合租利率的21.1%.
The company reported a 37.3% increase in new leasing rates and a 21.1% blended leasing spread in Q4, driven by demand from grocers expanding discount offerings.
虽然由于HBC合资企业的减记,年利润降至6 930万美元,但RioCan解决了大部分风险,只保留多伦多的Yorkdale Mall, 一家法院阻止了就定位问题向Les Ailes de la Mode公司转让租约。
While annual profits dipped to $69.3 million due to write-downs from its HBC joint venture, RioCan has resolved most exposures, retaining only Yorkdale Mall in Toronto, where a court blocked a lease transfer to Les Ailes de la Mode over positioning concerns.
Gitlin说结果不会对公司产生实质影响。
Gitlin said the outcome won’t materially impact the company.