RioCan

Profile

RioCan Real Estate Investment Trust (REI.UN) is one of Canada's largest real estate investment trusts, established in 1993 and based in Toronto, Ontario. The company focuses on owning, developing, managing, and operating retail-focused properties and mixed-use developments in major Canadian markets, including Toronto, Montreal, Ottawa, Calgary, Edmonton, and Vancouver. With a portfolio of approximately 177-188 properties totaling 32-33 million square feet of net leasable area, RioCan has an enterprise value of about $14.3 billion as of 2024-2025.

RioCan's properties include supermarket- and junior department store-anchored neighbourhood shopping centres, enclosed malls, and mixed-use sites that combine retail, residential, and office spaces. The company emphasizes necessity-based retail, featuring tenants such as Loblaws, Canadian Tire, Winners, Dollarama, and Metro. Additionally, RioCan develops and intensifies properties, particularly in high-density areas, through its RioCan Living brand, which offers a range of residential options from rental apartments to ultra-luxury condos.