Riocan Real Estate Investment Trust · TSX:REI.UN

Riocan Real Estate Investment Trust — Shareholder Meeting (June 2020)

31 slides from Riocan Real Estate Investment Trust's shareholder meeting presentation, June 2020

1. Slide 1: Strengthening Today, Building for Tomorrow

   Annual and Special Meeting | June 2020 STRENGTHENING TODAY, BUILDING FOR TOMORROW

2. Slide 2: RioCan's AGM 2020 Program

   RioCan’s AGM 2020 PROGRAM • Welcome & Administrative Matters • Financial Statements • Nomination & Election of Board Trustees • Re-Appointment of the Auditor • Amendment to Declaration of Trust • Executive Compensation • Business Overview, Edward Sonshine • Operations Overview, Jonathan Gitlin • Q&A

3. Slide 3: 2020 Annual and Special Meeting

   RIO*CAN REAL VISION, SOLID GROUND. i View information screen [Cast your vote |! My Aska question | @ View webcast 2020 ANNUAL AND SPECIAL MEETING Mr Lumi Operator Thank you for attending the Annual and Special Meeting of Unitholders of RioCan Real Estate Investment Trust. We thank you for your conti

4. Slide 4: 2020 Annual and Special Meeting

   RIO*CAN REAL VISION, SOLID GROUND. i View information screen! Cast your vote! My Aska question @ View webcast 2020 ANNUAL AND SPECIAL MEETING Mr Lumi Operator Thank you for attending the Annual and Special Meeting of Unitholders of RioCan Real Estate Investment Trust. We thank you for your continued

5. Slide 5: Non-GAAP Measures and Forward-Looking Information

   NON-GAAP FORWARD LOOKING MEASURES INFORMATION RioCan’s consolidated financial Certain information included in this presentation contains forward-looking statements within the meaning of applicable statements are prepared in accordance securities laws including, among others, statements concerning ou

6. Slide 6: Chairman Remarks

   RioCan Hall Paul Godfrey, Chairman of the Board CHAIRMAN REMARKS 6

7. Slide 7: Business Overview

   2323 Yonge St. 2345 Yonge St. Edward Sonshine, CEO BUSINESS OVERVIEW

8. Slide 8: Operations Update

   642 King St. Jonathan Gitlin, President & COO OPERATIONS UPDATE

9. Slide 9: Unitholder Total Return

   Unitholder TOTAL RETURN Assuming distributions are re-invested Q1 2020 COVID-19 Impact Q1 2020 9

10. Slide 10: Strategic Canadian Major Market Positioning

    Strategic Canadian MAJOR MARKET POSITIONING Edmonton 7.2% Calgary 10.2% Montreal Vancouver Toronto 4.5% 4.9% 51.0% Ottawa 12.4% 10 1Percentage of annualized rental revenue as of Q1 2020

11. Slide 11: Consistently Delivering High Quality Income

    Consistently Delivering HIGH QUALITY INCOME Committed Occupancy Average Net Rent PSF 11 1Canadian commercial properties only

12. Slide 12: Focussed on Canada's Major Markets

    Focussed on Canada’s MAJOR MARKETS % of Annualized % of Annualized Rental Revenue in Major Markets Rental Revenue in GTA RioCan Q1 2020 Peer 90.2% 51.0% Average 70.0%1 29.8%2 1 Peers include First Capital REIT, SMART REIT, and CT REIT; based on company reports as of March 31, 2020 2 Peers include Fi

13. Slide 13: Curbside Collect

    RioCan CURBSIDE COLLECT 13

14. Slide 14: Tremendous Pipeline of Value Creation

    Tremendous Pipeline of VALUE CREATION 6.1M SF (15%) Zoning Approved 15.1M SF (36%) Zoning Applications Submitted 42M SF1 Future Estimated Density 20.8M SF (49%) 1 As of Q1 2020 14

15. Slide 15: GTA 30.4 M SF Development Pipeline

    Greater Toronto Area (GTA) 30.4 M SF 1 DEVELOPMENT PIPELINE TORONTO PEARSON INTERNATIONAL AIRPORT GTA Development 30.4 M SF1 Pipeline Avg. Population ~322k2 Avg. Household ~$129k2 Income Selected RioCan Developments, Including Under Construction, Completed and Future Development Projects TTC – Exist

16. Slide 16: Frontier eCentral

    OTTAWA TORONTO FRONTIER eCENTRAL 16

17. Slide 17: Brio

    —i — 1a iy de —t asp |||

18. Slide 18: Brio, Calgary

    CALGARY BRIO 18

19. Slide 19: Yorkville, Toronto

    YORKVILLE, TORONTO 11YV 19

20. Slide 20: Yonge Sheppard Centre & Pivot

    HWY 401 SHEPPARD AVE YONGE ST TORONTO YONGE SHEPPARD CENTRE & PIVOT 1 Source: DemoStats – 2019 - Trends, ©2020 Environics Analytics 20

21. Slide 21: Yonge Sheppard Centre & Pivot

    TORONTO YONGE SHEPPARD CENTRE & PIVOT 1Source: DemoStats – 2019 - Trends, ©2020 Environics Analytics 21

22. Slide 22: Pivot

    TORONTO PIVOT 22

23. Slide 23: RioCan Colossus Centre

    HWY 7 HWY 400 HWY 407 VAUGHAN, ON RIOCAN COLOSSUS CENTRE 1 Source: DemoStats – 2019 - Trends, ©2020 Environics Analytics 23

24. Slide 24: RioCan Colossus Centre

    HWY 400 HWY 407 HWY 7 VAUGHAN, ON RIOCAN COLOSSUS CENTRE 1 Source: DemoStats – 2019 - Trends, ©2020 Environics Analytics 24

25. Slide 25: RioCan Colossus Centre

    VAUGHAN, ON RIOCAN COLOSSUS CENTRE 25

26. Slide 26: King Portland Centre & Kingly

    TORONTO KING PORTLAND CENTRE & KINGLY 1 Source: DemoStats – 2019 - Trends, ©2020 Environics Analytics 26

27. Slide 27: King Portland Centre & Kingly

    TORONTO KING PORTLAND CENTRE & KINGLY 1 Source: DemoStats – 2019 - Trends, ©2020 Environics Analytics 27

28. Slide 28: The Well

    TORONTO THE WELL 1 Source: DemoStats – 2019 - Trends, ©2020 Environics Analytics 28

29. Slide 29: The Well Development Progress

    TORONTO THE WELL DEVELOPMENT PROGRESS 29 1 Source: DemoStats – 2019 - Trends, ©2020 Environics Analytics

30. Slide 30: The Well

    TORONTO THE WELL 30

31. Slide 31: RioCan

    RIO#CAN

RioCan Real Estate Investment Trust — Shareholder Meeting (June 2020) on 6ix