RioCan REIT (DOG)

REI.UN – TSX

Well, you’ve got to hand it to Hudson’s Bay Co.: It outlasted Eaton’s by roughly a quarter-century. (Ask your parents about Eaton’s, kids.) Unfortunately, that’s of no consolation to RioCan Real Estate Investment Trust. Units of the REIT, which owns a stake in 12 Hudson’s Bay stores through a joint venture with HBC, skidded after Canada’s oldest retailer obtained protection from creditors and said it may have to liquidate all 80 of its namesake locations, plus 16 Saks Fifth Avenue and Saks Off 5th stores. But no need to panic. “Our team has a proven track record of finding solutions for vacant space,” said Jonathan Gitlin, RioCan’s president and CEO. Have you considered turning the stores into giant laser tag venues? I have some other ideas. Call me.

True North Commercial REIT (STAR)

TNT.UN – TSX

Here’s something you don’t see every day: An office REIT reinstating its distribution instead of cutting it. Units of True North Commercial Real Estate Investment Trust took the elevator up a few floors after the REIT – which had suspended its payout in 2023 – said it will resume a distribution of 5.75 cents a month in April thanks to strong leasing activity, rising cash flow per unit and the refinancing of 70 per cent of its debt maturities for 2025. With occupancy for True North’s 40-building portfolio now at 93 per cent, excluding assets held for sale, maybe office buildings have a future after all. Hear that, work-from-home fans? Time to change out of your pyjamas.

Warby Parker Inc. (DOG)

WRBY -NYSE

Tariffs are supposed to “make America great again,” but shareholders of Warby Parker aren’t feeling it. The U.S. maker of eyeglasses and contact lenses tumbled after Bloomberg Law highlighted the company and several others as being vulnerable to tariffs, particularly on components imported from China. “If we are unable to mitigate the full impact of current and future tariffs … costs on a significant portion of our products may increase further, which could reduce our margins or force us to raise prices, and our financial results may be negatively affected,” Warby Parker said in its recent Form 10-K annual report. You don’t need glasses to see the tariff policy isn’t working.

Nike Inc. (DOG)

NKE – NYSE

There once was a business named Nike

Whose stock price was dropping, like, crikey!

Sales and earnings were sliding

And investors weren’t hiding

The toll that it took on their psyche

Joyy Inc. (DOG)

YY – Nasdaq

Joy: A feeling of great happiness. Joyy: A company that brought nothing but sadness to investors this week. Shares of the Singapore-based social media company dropped after it posted a 3.6-per-cent decline in fourth-quarter revenue and swung to a net loss of US$304.1-million, including a non-cash goodwill impairment charge of US$454.9 million. With the stock down about 70 per cent from its 2021 peak, investors have had all the Joyy squeezed out of them.