Cash FlowThe bankruptcy court has allowed HBC to stop paying rent to RioCan, impacting RioCan's financials.
Retail ExposureRioCan has significant exposure to Hudson's Bay Co., which is undergoing full liquidation, leading to a negative near-term impact on RioCan's portfolio and cash flow.
Re-Tenanting CostsRe-tenanting large spaces due to HBC's exit could take an extended period and be costly, impacting RioCan's revenue.