Riocan

Edward Sonshine and RioCan REIT

by creitadmin on January 6, 2009

In an interview with the Calgary Herald Edward Sonshine, the Chief Executive of RioCan Real Estate Investment Trust, provides his perspective on the current financial challenges and on future directions.

Read the full article from the Calgary Herald.

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RioCan REIT declares profit up 16%

by creitadmin on November 6, 2008

RioCan Real Estate Investment Trust, Canada’s largest REIT, declares its profit rost 16 per cent in the third quarter.  Its funds from operations rose from 36 to 37 cents a unit and, while they did experience a decrease in gains on properties held for resale and an increase in interest expense, the increase in the key industry measurement, funds from operations, allows them to report this increase.

The Canadian Press Release article has more information on this declaration.  

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RioCan REIT makes better use of land

September 23, 2008

Intensification of land uses seen as cost effective while sparing neighbourhoods of yet more high-rise condos RioCan became the first REIT to begin the process of making better use of its large pool of land by intensifying the size and number of structures that sit on it.  This insightful, forward looking perspective promises to revolutionize [...]

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RioCan REIT unit sells stake in Montreal retail complex

September 23, 2008

Jul 22, 2008 04:30 AM http://www.thestar.com/Business/article/464553   RioCan Real Estate Investment Trust, Canada’s largest shopping mall owner, says a retail partnership it’s part of has sold a 20 per cent stake in the Quartier Dix30 retail complex near Montreal to a unit of the Hydro Quebec Pension Fund. Financial terms of yesterday’s deal were not [...]

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Riocan and Kimco Acquire 10-Property Portfolio

June 4, 2008

Riocan and Kimco have agreed to acquire a 10-property portfolio in Eastern Canada valued over $150 million. The acquisition will form the basis for a new joint venture called RioKim II…

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