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Loblaw files a preliminary prospectus to create one of Canada’s largest commercial real estate trusts.
Loblaw files a preliminary prospectus to create one of Canada’s largest commercial real estate trusts.
(Fernando Morales/The Globe and Mail)

Loblaw, Canadian Tire late to the REIT party

Loblaw Cos. is getting ready to take a real estate investment trust public. Canadian Tire wants to do the same. They should have hustled a little more.

Loblaw and Canadian Tire shares are showing no signs that investors in the companies are worried about a smaller take from the REIT IPOs. Loblaw stock has been steadily rising, and Canadian Tire isn’t giving up any of the ground it gained earlier in May on the news that it would create a REIT.