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...

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...