Business
RioCan Announces Strong Second Quarter Results - Continued Operational Excellence and Strategic Capital Recycling Advancements
RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: R...
About this update from Riocan Real Estate Investment Trust
[{"type":"text","content":"RioCan Announces Strong Second Quarter Results - Continued Operational Excellence and Strategic Capital Recycling Advancements\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.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl2 { padding-left: 10px }\n.bwpadl4 { padding-left: 20px }\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.bwwidth10 { width: 10% }\n.bwwidth100 { width: 100% }\n.bwwidth12 { width: 12% }\n.bwwidth2 { width: 2% }\n.bwwidth28 { width: 28% }\n.bwwidth38 { width: 38% }\n.bwwidth42 { width: 42% }\n.bwwidth52 { width: 52% }\n.bwwidth72 { width: 72% }\n.bwwidth88 { width: 88% }\n.bwwidth98 { width: 98% }\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 and six months ended June 30, 2025.\n \n\n\n\n 9.3% growth of FFO per unit to $0.47\n \n\n\n\n Capitalizing on mark-to-market opportunities, generated new leasing spreads of 51.5%; blended leasing spreads of 20.6%\n \n\n\n\n Closed four previously announced firm sales of RioCan Living\n \n\n ™\n \n\n assets, bringing total RioCan Living asset dispositions to five; total year-to-date closed dispositions of $230 million at an average capitalization rate of 4.3%\n \n\n\n\n “RioCan delivered another quarter of strong results and sustained leasing momentum, highlighted by exceptional leasing spreads and a high retention rate. The continued demand from high-quality retailers underscores the strength of the RioCan portfolio and reinforces our position as the landlord of choice,” said Jonathan Gitlin, President and CEO of RioCan. “We continue to simplify our business, progress our capital recycling initiatives, and successfully execute our de-leveraging pla...