Canada Tire To Roll Out Real Estate Spin

Canadian Tire Corporation(CTC-A) announced plans yesterday to spin off its real estate as a REIT.  The company anticipates selling 10-20% of the new REIT in an IPO this fall, and retaining the rest. The new REIT will have approximately 18 million square feet of real estate valued at approximately C$3.5 billion. The company has no announced plans to… Read More »