RioCan Real Estate Investment Trust - Company Profile
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RioCan Real Estate Investment Trust (RioCan) is a commercial property development company. It invests in new format retail centers, neighborhood convenience centers, enclosed shopping centers, urban retail properties, and outlet shopping centers. The company also manages a portfolio of shopping centers, with ownership interests in retail properties. RioCan also owns interests in retail and mixed-use properties and development projects in Canada. Its key projects includes Queen & Ashbridge, Verge, Litho, Luma, Rhythm, RioCan Windfields, Strada, 11YV, and The Well. The company has presence in Toronto, Ottawa, Calgary, Montreal, Vancouver, Edmonton, and secondary markets. RioCan is headquartered in Toronto, Ontario, Canada.
Headquarters
Canada
Address
Riocan Yonge Eglinton Centre, 2300 Yonge Street, Suite 500, Toronto, Ontario, M4P1E4
Telephone
1 416 8663033
No of Employees
568
Industry
Construction
Ticker Symbol & Exchange
REI.UN (TSE)
Revenue (2022)
$832.9M
-7.4%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-83.6%
(2022 vs 2021)
Market Cap*
$3.9B
Net Profit Margin (2022)
XYZ
-82.3%
(2022 vs 2021)
* As of and is in US$
RioCan Real Estate Investment Trust premium industry data and analytics
Products and Services
| Services |
|---|
| Property Leasing |
| Property Development and Management |
| Property Rentals |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In July, the company entered into a partnership with BlackNorth Initiative to offer a Canadian real estate and trades bursary for Black high school students. |
| 2022 | Others | In April, the company announced a distribution of 8.5% to unitholders of record as at April 29, 2022. |
| 2021 | Contracts/Agreements | In April, the company along with Toronto Community Housing Corp and City of Toronto announced a new mixed-use project, located at Queen and Coxwell in Toronto. |
Competitor Comparison
| Key Parameters | RioCan Real Estate Investment Trust | Choice Properties Real Estate Investment Trust | SmartCentres Real Estate Investment Trust | CT Real Estate Investment Trust | Cominar Real Estate Investment Trust |
|---|---|---|---|---|---|
| Headquarters | Canada | Canada | Canada | Canada | Canada |
| City | Toronto | Toronto | Vaughan | Toronto | Quebec |
| State/Province | Ontario | Ontario | Ontario | Ontario | Quebec |
| No. of Employees | 568 | 280 | 417 | 68 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jonathan Gitlin | President; Chief Executive Officer; Trustee | Executive Board | 2021 | - |
| Dennis Blasutti | Chief Financial Officer | Senior Management | 2021 | - |
| John Ballantyne | Chief Operating Officer | Senior Management | 2022 | - |
| Andrew Duncan | Chief Investment Officer | Senior Management | 2021 | - |
| Edward Sonshine | Chairman | Non Executive Board | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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