Financial PerformanceThe bankruptcy court has allowed HBC to stop paying rent to RioCan, impacting RioCan's financials.
Portfolio ImpactRioCan has significant exposure to Hudson's Bay Co., which is undergoing full liquidation, leading to a negative impact on RioCan's portfolio and cash flow.
Revenue GenerationRe-tenanting large spaces due to HBC's exit could take an extended period and be costly, impacting RioCan's revenue.