Business

RioCan Announces Strong First Quarter Results - Solid Leasing Spreads and Same Property NOI Growth Achieved

RioCan Real Estate Investment Trust (“RioCan" or the "Trust”) (TSX: REI.UN) announc...

articleRiocan Real Estate Investment TrustMay 5, 20255/company/riocan-real-estate-investment-trust-1/news/riocan-announces-strong-first-quarter-results-solid-leasing-spreads-and-same-property-noi-growth-achieved-1
RioCan Announces Strong First Quarter Results - Solid Leasing Spreads and Same Property NOI Growth Achieved

About this update from Riocan Real Estate Investment Trust

[{"type":"text","content":"RioCan Announces Strong First Quarter Results - Solid Leasing Spreads and Same Property NOI Growth Achieved\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwlistdisc { list-style-type: disc }\n.bwnowrap { white-space: nowrap }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl2 { padding-left: 10px }\n.bwpadl3 { padding-left: 15px }\n.bwpadl6 { padding-left: 30px }\n.bwpadr0 { padding-right: 0px }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwuline { text-decoration: underline }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth1 { width: 1% }\n.bwwidth10 { width: 10% }\n.bwwidth100 { width: 100% }\n.bwwidth11 { width: 11% }\n.bwwidth13 { width: 13% }\n.bwwidth14 { width: 14% }\n.bwwidth2 { width: 2% }\n.bwwidth28 { width: 28% }\n.bwwidth3 { width: 3% }\n.bwwidth4 { width: 4% }\n.bwwidth5 { width: 5% }\n.bwwidth61 { width: 61% }\n.bwwidth64 { width: 64% }\n.bwwidth76 { width: 76% }\n.bwwidth86 { width: 86% }\n.bwwidth9 { width: 9% }\n \n\n\n\n RioCan Real Estate Investment Trust (“RioCan\" or the \"Trust”) (TSX: REI.UN) announced today its financial results for the three months ended March 31, 2025.\n \n\n\n\n Strong leasing demand generated new leasing spreads of 18.3%; blended leasing spreads of 17.5%\n \n\n\n\n Commercial Same Property NOI increased to 3.6%\n \n\n\n\n 96% completion of expected First Quarter condominium interim closings to date; cumulative 97% success rate since Q4 2024\n \n\n\n\n RioCan Living asset monetization strategy proceeding with deals for the sale of four additional assets\n \n\n\n\n “RioCan’s major-market, necessity-based portfolio delivered strong operational and financial results in the first quarter of 2025, despite significant global economic volatility and short-term challenges presented by HBC’s CCAA filing. We continue to successfully deliver on our strategy to monetize our RioCan Living portfolio and met our interim condominiu...

More updates from Riocan Real Estate Investment Trust