Riocan hit with $209-million writedown on HBC joint venture, lowers profit target for the year
- Posted on May 6, 2025
- By The Globe and Mail
- 2 Views
Riocan hit with $209-million writedown on HBC joint venture, lowers profit target for the year
On Tuesday, the REIT said it is taking an impairment charge that will lower the value of its investment in the joint venture to $41-million from $249-million.
