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RioCan Declines to Give May Rent Numbers as Larger Tenants Refuse Payment

CEO Says He’s Tired of ‘Breathless Analysis’ as REIT Moves to Put Some Retailers in Default
RioCan's retail properties include RioCan Hall in downtown Toronto. (CoStar)
RioCan's retail properties include RioCan Hall in downtown Toronto. (CoStar)
CoStar News
May 5, 2020 | 10:01 P.M.

The head of RioCan said he's taking a “gloves-off attitude” with some larger tenants that haven’t paid rent during the coronavirus pandemic. Canada's second-largest real estate investment trust is also insisting it's moving away from providing monthly updates on rent collection.

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