RioCan Real Estate Investment Trust

RioCan Real Estate Investment Trust is one of Canada's largest real estate investment trusts, specializing in the ownership, management, and development of retail-focused and increasingly mixed-use properties across the country. Headquartered in Toronto, Ontario, at 2300 Yonge Street, the Trust's mission is to deliver long-term value to its stakeholders by providing high-quality real estate investment opportunities and creating vibrant community spaces where people can shop, live, work, and engage.

The company's portfolio comprises approximately 164 to 220 income-producing properties, encompassing around 31 to 37 million square feet of gross leasable area. These properties include large open-air and enclosed retail centers, urban mixed-use developments, and residential rental buildings under its RioCan Living brand. RioCan strategically concentrates its assets in Canada's six major urban markets—Toronto, Montreal, Ottawa, Calgary, Edmonton, and Vancouver—with a strong emphasis on necessity-based and grocery-anchored retail. Its tenant base features essential service providers and prominent retailers such as Loblaws, Canadian Tire, Winners, Dollarama, and Metro.

Led by President and CEO Jonathan Gitlin, RioCan maintains a strong market position as Canada's second-largest REIT by market capitalization. The Trust reported robust performance in Q2 2026, achieving a record retail occupancy of 98.8% and a commercial same-property net operating income (NOI) growth of 4.3%. This performance led to an upward revision of its 2026 commercial SPNOI guidance to 4.0%-4.5%. Recent strategic initiatives include a focus on disciplined capital allocation, reducing leverage, and investing in high-return projects, alongside the return of Dennis Blasutti as Chief Financial Officer effective October 1, 2026.