TORONTO, 2017-Dec-04 — /EPR Retail News/ — RioCan Real Estate Investment Trust(“RioCan”) (TSX:REI.UN) today ( Dec. 01, 2017) is pleased to announce that it will increase its monthly distribution to unit holders to 12 cents per unit commencing with the January 2018 distribution, payable in February 2018. On an annualized basis, this will increase RioCan's annualized distribution by 3 cents to $1.44 per unit, or…
TORONTO, Canada, 2017-Nov-30 — /EPR Retail News/ — RioCan Real Estate Investment Trust(“RioCan” or the “Trust”) (TSX:REI.UN) today announced that it has entered into an agreement with CT Real Estate Investment Trust ("CT REIT") for the sale of seven retail properties, all of which are anchored by a Canadian Tire banner, for a total sale price of $200 million. The…
TORONTO, Canada, 2017-Oct-23 — /EPR Retail News/ — RioCan REIT (TSX:REI.UN) and Allied Properties REIT (TSX:AP.UN) today announced that the residential condominium units at King Portland Centre are substantially sold out, subject to customary closing conditions and rights of rescission. RioCan and Allied expect the profitability of these units to exceed initial expectations.
King Portland Centre…
TORONTO, Canada, 2017-Sep-08 — /EPR Retail News/ — RioCan Real Estate Investment Trust(“RioCan”) (TSX:REI.UN) is pleased to provide an update on the development of its landmark, mixed-use, transit oriented project at the northeast corner of Yonge Street and Eglinton Avenue, also known as ePlace. The development is located in the heart of midtown Toronto at the intersection of Yonge Street and Eglinton Avenue, directly…
RioCan's HIGHLIGHTS for the three and six months ended June 30, 2017:
For the quarter ended June 30, 2017 ("Second Quarter"), IFRS Operating income increased to $185 million from $171 million or 8.5% in the quarter from the prior year;
Revenue increased 3.6% for the Second Quarter to $286 million as compared to $276 million for the second quarter of 2016;
Funds From Operations…
TORONTO, ONTARIO, 2017-Jul-05 — /EPR Retail News/ — RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) is pleased to provide an update on its capital recycling program. On June 29, 2017, RioCan completed the sale of its Cambie Street property in Vancouver, B.C.for a sale price of $94.2 million, which equates to a capitalization rate of 3.29%. RioCan has also entered into…
TORONTO, ONTARIO, 2017-Jun-12 — /EPR Retail News/ — RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) is pleased to announce that it has promoted Qi Tang to Senior Vice President and Chief Financial Officer ("CFO") of RioCan effective June 8, 2017. She will continue to report to the Chief Executive Officer, Edward Sonshine.
"Qi has done an…
TORONTO, ONTARIO and HALIFAX, NOVA SCOTIA, 2017-Apr-26 — /EPR Retail News/ — RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) and Killam Apartment Real Estate Investment Trust ("Killam") (TSX:KMP.UN) are pleased to announce the formation of a joint venture to develop a rental residential community at Gloucester City Centre in Ottawa, Ontario.
On April 21, 2017, Killam…
RioCan Real Estate Investment Trust to release its 1Q 2017 financial results on Friday, May 12, 2017
TORONTO, ONTARIO, 2017-Apr-05 — /EPR Retail News/ — RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today (April 3, 2017) announced that it is scheduled to release its financial results for the three months ended March 31, 2017 prior to the market open on Friday, May 12, 2017.
Interested parties are invited to participate in a conference call…
TORONTO, ONTARIO, 2017-Mar-31 — /EPR Retail News/ — RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) is pleased to announce that it has appointed Qi Tang as Acting Chief Financial Officer of RioCan effective April 3, 2017. She will be reporting to the Chief Executive Officer, Edward Sonshine.
"Qi has made a significant impact at RioCan since…
TORONTO, ONTARIO, 2017-Mar-06 — /EPR Retail News/ — RioCan Real Estate Investment Trust ("RioCan" or the "Trust") (TSX:REI.UN) today (March 1, 2017) announced the resignation of Cynthia Devine, Chief Financial Officer, to pursue other career opportunities. Ms. Devine has informed the Trust that she has accepted the position of Chief Financial Officer at Maple Leafs…
TORONTO, ONTARIO, 2017-Jan-25 — /EPR Retail News/ — RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) is pleased to provide an update on current redevelopment and leasing activities at the properties once leased to Target Canada Co. ("Target").
Since Target's departure in 2015, RioCan's leasing team has been diligently working to drive revenue, and in many cases…
TORONTO, ONTARIO, 2017-Jan-18 — /EPR Retail News/ — Allied Properties REIT (TSX:AP.UN) and RioCan REIT (TSX:REI.UN) today (Jan. 17, 2017) announced an important lease transaction in connection with the development of King Portland Centre in Toronto. Indigo Books & Music Inc. has signed a commitment to lease approximately 78,810 square feet of GLA in the…
TORONTO, ONTARIO, 2017-Jan-07 — /EPR Retail News/ — RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today (01/05/2017) announced that it is scheduled to release its financial results for the three months and year-ended December 31, 2016 prior to the market open on Thursday, February 16, 2017.
Interested parties are invited to participate in a conference call…
RioCan Real Estate Investment Trust (TSX:REI.UN, “RioCan”) and;
Boardwalk Real Estate Investment Trust (TSX:BEI.UN, “Boardwalk”)
Toronto, Ontario and Calgary, Alberta, 2016-Nov-11 — /EPR Retail News/ — RioCan and Boardwalk are pleased to announce the formation of a joint venture to develop a mixed use tower on a discrete portion at RioCan’s Brentwood Village Shopping…
TORONTO, ONTARIO, 2016-May-13 — /EPR Retail News/ — RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) has committed $25,000 to theCanadian Red Cross to support the immediate needs of the Fort McMurray community.
"As a proud member of the community, our hearts go out to all those affected," said Edward Sonshine, Chief Executive Officer of RioCan. "RioCan…