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A REIT is on every Bay investor’s Christmas wish list

It seems the one thing people are interested in buying from retailers these days is their real estate. After Loblaw Cos. stock popped last week when the grocer announced plans to spin most of its bricks and dirt into a real estate investment trust, Richard Baker, the governor and controlling shareholder of the newly public Hudson’s Bay Co., mused about doing the same thing while talking to analysts on Tuesday.