RioCan Real Estate Investment Trust REI.UN.TO · CAD
Real Estate · Toronto Stock Exchange · 🇨🇦 Canada
21.22
-0.05%
Close of 9 Nov 2026, in CAD
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About RioCan Real Estate Investment Trust
Its shares trade on Toronto Stock Exchange under the ticker REI.UN.TO. It has been listed since 5 January 1994. In the fiscal year to 31 December 2024, it reported revenue of C$1.24bn and net income of C$473.5m. At that date it held total assets of C$15.47bn and shareholders' equity of C$7.56bn.
RioCan Real Estate Investment Trust engages in owning, development, management, and operation of shopping centers. The company is headquartered in Toronto, Ontario. The Trust owns and manages Canada's portfolio of shopping centers with ownership interests in a portfolio of 230 properties with an aggregate net leasable area (NLA) of approximately 39.1 million square feet, including residential rental and 13 development properties. The Trusts property portfolio includes grocery anchored, new format retail, urban retail, mixed use and non-grocery anchored centers of which approximately 190 properties are owned, which includes approximately 186 income properties and four properties under development, and approximately 40 are co-owned through joint arrangements with co-owners including approximately nine under development. The Trusts projects are categorized into urban/mixed use, renovation/backfill and greenfield/expansion.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Real Estate
- Industry
- Equity Real Estate Investment Trusts (REITs)
- Listed since
- 5 Jan 1994
- Employees
- 605
- Website
- riocan.com ↗
Leadership
Pay as last reported
- Mr. Edward SonshineNon-Executive Chairman of the Board of Trustees, since 2021C$375,000
- Mr. Jonathan GitlinPresident, Chief Executive Officer, Trustee, since 2007C$4.5m
- Mr. Dennis BlasuttiChief Financial OfficerC$2.0m
- Mr. John BallantyneChief Operating OfficerC$1.6m
- Ms. Franca SmithSenior Vice President - FinanceC$750,801
- Ms. Jennifer SuessSenior Vice President, General Counsel, ESG and Corporate SecretaryC$1.4m
- Ms. Terri AndrianopoulosSenior Vice President - People and Brand
- Mr. Oliver HarrisonSenior Vice President - Leasing and Tenant Experience
- Mr. Andrew DuncanChief Investment OfficerC$1.6m
- Mr. Siim VanaseljaLead Independent TrusteeC$260,000
- Mr. Richard DansereauIndependent TrusteeC$190,000
- Ms. Janice FukakusaIndependent TrusteeC$215,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 94
- Environment
- 99
- Social
- 99
- Governance
- 84
- Direct emissions (scope 1)
- 7,660 t
- Energy emissions (scope 2)
- 2,936 t
- Value chain emissions (scope 3)
- 124,242 t
- Women in the workforce
- 52.66667%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Strong market position: RioCan Real Estate Investment Trust is one of the largest real estate investment trusts in Canada, with a diversified portfolio of high-quality properties.
- Strategic location advantage: The company's properties are located in prime urban markets, which offers a significant competitive advantage and attracts high-quality tenants.
- Long-term leases: RioCan benefits from long-term leases with its tenants, providing a stable and predictable cash flow stream.
Weaknesses
- Concentration risk: While RioCan's portfolio is diversified across different sectors, its properties are primarily concentrated in the retail sector. Any downturn in the retail industry could impact the trust's performance.
- Debt burden: The trust has significant debt obligations which may limit its ability to undertake further acquisitions or expansions.
- Vulnerability to economic cycles: RioCan's performance is dependent on the overall economic conditions, and a slowdown in the economy could impact rental demand and rental rates.
Opportunities
- Development and redevelopment projects: RioCan can capitalize on opportunities to develop new properties or redevelop existing ones in order to enhance its portfolio and generate additional revenue.
- Expansion into new markets: The trust has the potential to expand its operations into new geographic markets, both domestically and internationally, to diversify its portfolio and explore untapped opportunities.
- Growing demand for mixed-use developments: RioCan can leverage the increasing demand for mixed-use properties, combining residential, retail, and office spaces to meet evolving consumer preferences.
Threats
- Competition: The real estate industry is highly competitive, with new entrants and existing players vying for suitable properties and tenants. RioCan faces potential threats from other real estate investment trusts and developers.
- Economic uncertainty: Global economic fluctuations, recessions, or economic downturns can impact consumer and business spending, potentially affecting rental demand and occupancy rates.
- Regulatory changes: Changes in government regulations or policies related to real estate, zoning, or taxation can directly impact the trust's operations, costs, and profitability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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