Company RioCan Real Estate Investment Trust

Equities

REI.UN

CA7669101031

Commercial REITs

Delayed Toronto S.E. 03:46:40 2024-04-23 pm EDT 5-day change 1st Jan Change
17.84 CAD -0.45% Intraday chart for RioCan Real Estate Investment Trust +1.94% -4.08%

Business Summary

RioCan Real Estate Investment Trust is a Canada-based real estate investment trust. The Company owns, manages, and develops retail-focused mixed-use properties. Its portfolio includes leasing, development, and residential. The Company’s properties are held by various tenants, such as grocery, pharmacy, liquor, personal services, and specialty and value retailers. The Company’s portfolio is comprised of approximately 192 properties with an aggregate net leasable area of approximately 33.6 million square feet, including office, residential rental and 10 development properties. Its properties include 1293 Bloor Street West, 145 Woodbridge Avenue, 1556 Bank Street, 1650 - 1660 Carling Avenue, 1860 Bayview, 1910 Bank St, 1946 Robertson Road, 2323 Yonge Street, 2329 Yonge Street, 2335 Boul Lapiniere, 2345 Yonge Street, 2422 Fairview Street, 2453 Yonge Street, 279 Rue St. Charles, 2950 Carling Avenue, and 2955 Bloor Street West.

Number of employees: 568

Sales per Business

CAD in Million2022Weight2023Weight Delta
Base Rent
61.4 %
687 56.6 % 690 61.4 % +0.31%
Realty Tax and Insurance Recoveries
17.9 %
199 16.4 % 201 17.9 % +0.71%
Common Area Maintenance Recoveries
15.7 %
168 13.9 % 176 15.7 % +4.72%
Property Management and Other Service Fees
1.7 %
21 1.7 % 19 1.7 % -9.62%
Residential Inventory
1.2 %
119 9.8 % 14 1.2 % -88.38%
Percentage Rent
0.7 %
9 0.7 % 8 0.7 % -7.35%
Straight-line Rent
0.5 %
2 0.2 % 6 0.5 % +213.06%
Lease Cancellation Fees
0.5 %
5 0.4 % 5 0.5 % +2.62%
Parking
0.4 %
3 0.3 % 5 0.4 % +63.00%

Sales per region

CAD in Million2022Weight2023Weight Delta
Canada
100.0 %
1,214 100.0 % 1,124 100.0 % -7.41%

Managers

Managers TitleAgeSince
Chief Executive Officer 51 05-05-31
Founder 77 81-07-09
Director of Finance/CFO - 21-09-06
Director of Finance/CFO 60 -
Chief Investment Officer - 12-12-31
Chief Operating Officer - 94-01-31
Investor Relations Contact - -
Corporate Officer/Principal - 00-12-31
Corporate Officer/Principal - 19-01-31
Corporate Officer/Principal - 11-11-30

Members of the board

Members of the board TitleAgeSince
Founder 77 81-07-09
Director/Board Member 67 17-05-04
Director/Board Member 76 09-01-31
Director/Board Member 67 04-06-01
Director/Board Member 69 21-05-25
Chief Executive Officer 51 05-05-31
Director/Board Member 70 11-12-31
Director/Board Member 67 15-06-16
Director/Board Member 56 -
Director/Board Member 63 18-05-28

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 299,960,871 299,186,413 ( 99.74 %) 0 99.74 %

Shareholders

NameEquities%Valuation
Middlefield Capital Corp.
0.7330 %
2,202,000 0.7330 % 30 M $
Manulife Investment Management Ltd.
0.3689 %
1,108,126 0.3689 % 15 M $
Schroder Real Estate Investment Management Ltd.
0.3337 %
1,002,403 0.3337 % 14 M $
Sentry Investments, Inc.
0.2774 %
833,349 0.2774 % 11 M $
Sionna Investment Managers, Inc.
0.2551 %
766,465 0.2551 % 10 M $
Franklin Bissett Investment Management
0.2259 %
678,562 0.2259 % 9 M $
Northern Trust Fund Managers (Ireland) Ltd.
0.2168 %
651,230 0.2168 % 9 M $
Guardians of New Zealand Superannuation
0.2147 %
644,868 0.2147 % 9 M $
630,119 0.2098 % 9 M $
Mercer Global Investments Europe Ltd.
0.2006 %
602,626 0.2006 % 8 M $

Company contact information

RioCan Real Estate Investment Trust

RioCan Yonge Eglinton Centre 2300 Yonge Street

M4P 1E4, Toronto

+416 866 3033

http://www.riocan.com
address RioCan Real Estate Investment Trust(REI.UN)

Group companies

NameCategory and Sector
Riocan Holdings USA, Inc.
3358771 Canada Ltd.
RioTrin Properties, Inc.
RC Yorkville LP
1001-1037 Queensway, Inc.
RioCan Holdings (Well 6), Inc.

Sales per Business

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
17.92 CAD
Average target price
21.52 CAD
Spread / Average Target
+20.12%
Consensus

Quarterly revenue - Rate of surprise

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