A major factor in the lower gross margin percentage in the first quarter was yield issues associated with the initial production ramp of a new cable tuner,
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For the year RioCan completed dispositions of 13 properties aggregating $616 million comprising of approximately 2.8 million square feet and weighted average cap rate of 5.9%. The debt associated with these properties was $160 million.Subsequent to year end RioCan completed the sale of two properties and the total sales price of $48 million. RioCan has one property disposition on the firm contract where conditions have been laid at a sale price of $5 million which was low debt associated with it.Under IFRS at December 31, RioCan's investment properties would value to $13.1 billion on a proportionate basis,
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