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RioCan Real Estate Investment Trust (REI_u.TO)

REI_u.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

RioCan Real Estate Investment Trust Q3 FFO per share C$0.46
Friday, 3 Nov 2017 07:00am EDT 

Nov 3 (Reuters) - Riocan Real Estate Investment Trust :Riocan Real Estate Investment Trust announces financial results for the third quarter 2017 with 4.1 pct growth in operating income and 2.4 pct same property noi growth.Q3 FFO per share C$0.46.RioCan Real Estate Investment Trust - ‍same property noi grew by 2.4 pct, or $4.0 million in Q3 as compared to same quarter in 2016​.RioCan real estate investment trust- ‍revenue increased 1.6 pct for Q3 to $287 million​.  Full Article

Riocan-HBC JV to explore possible sale of Vancouver property
Monday, 30 Oct 2017 03:16pm EDT 

Oct 30 (Reuters) - Riocan-HBC JV::Riocan-HBC joint venture to explore possible sale of vancouver property.Says has engaged CBRE and Brookfield Financial Real Estate Group to explore a possible sale of its Vancouver property.Says expects to close on $200 million mortgage on Vancouver property, proceeds of loan to be distributed on a pro-rata basis to JV partners ​.  Full Article

RioCan Real Estate Investment Trust announces normal course issuer bid
Tuesday, 10 Oct 2017 05:00pm EDT 

Oct 10 (Reuters) - RioCan Real Estate Investment Trust :RioCan Real Estate Investment Trust announces normal course issuer bid.RioCan Real Estate Investment Trust - RioCan is authorized to acquire up to a maximum of 32.5 million of its units for cancellation over next 12 months​.RioCan Real Estate Investment Trust - ‍RioCan intends to fund purchases out of its available cash and undrawn credit facilities​.RioCan Real Estate Investment Trust - ‍RioCan may begin to purchase units on or about October 20, 2017 and bid will terminate on October 19, 2018​.  Full Article

Allied and RioCan to acquire Diamond Corp.'s interest in commercial component of the well
Thursday, 5 Oct 2017 08:50am EDT 

Oct 5 (Reuters) - Allied Properties Real Estate Investment Trust :Allied and RioCan to acquire Diamond Corp.'s interest in commercial component of the well.Allied Properties Real Estate Investment Trust - deal for ‍up to $42 million​.Allied Properties Real Estate Investment Trust - ‍RioCan will own an undivided 50% interest in commercial component​.  Full Article

RioCan REIT secures surrender agreement with Sears for Riocan Oakville location
Thursday, 5 Oct 2017 07:59am EDT 

Oct 5 (Reuters) - Riocan Real Estate Investment Trust :RioCan REIT announces agreements with Sears Canada at Riocan Oakville place and Garden City shopping centre.RioCan - co, Hudson Bay Company secured surrender agreement with Sears for its location at Riocan Oakville place, in Oakville, Ontario for fee of $4 million​.RioCan - ‍at Garden City shopping centre, co, Bayfield Realty advisors entered agreement to buy freehold interest in Sears location for price of $8 million​.  Full Article

RioCan REIT plans to sell about 100 properties located primarily across Canada over next two to three years
Monday, 2 Oct 2017 07:00am EDT 

Oct 2 (Reuters) - RioCan Real Estate Investment Trust :RioCan REIT - plans to sell approximately 100 properties located primarily in secondary markets across Canada over next two to three years.RioCan Real Estate Investment Trust - sale expected to generate total net proceeds of approximately $1.5 billion.RioCan Real Estate Investment Trust says suspends distribution reinvestment plan effective November 1, 2017.RioCan Real Estate Investment Trust - proceeds of sale to be used to repurchase units under normal course issuer bid and fund its development program.​.  Full Article

RIOCAN REIT PROVIDES UPDATE ON PROJECT EPLACE
Thursday, 7 Sep 2017 03:11pm EDT 

Sept 7 (Reuters) - Riocan Real Estate Investment Trust :RIOCAN REIT PROVIDES UPDATE ON EPLACE, ITS LANDMARK MIXED-USE TRANSIT ORIENTED DEVELOPMENT IN MIDTOWN TORONTO.‍EPLACE PROJECT IS ON TRACK TO BE SUBSTANTIALLY COMPLETED IN LATE 2018 OR EARLY 2019​.‍ON COMPLETION, RIOCAN WILL PURCHASE REMAINING 50% INTEREST IN RENTAL RESIDENTIAL TOWER​.‍TOTAL PURCHASE PRICE FOR REMAINING 50% INTEREST IN RENTAL TOWER​ IS EXPECTED TO BE IN RANGE OF $95 TO $105 MILLION.  Full Article

Riocan Real Estate Investment Trust Q2 EPS $0.47
Thursday, 3 Aug 2017 07:15pm EDT 

Aug 3 (Reuters) - Riocan Real Estate Investment Trust ::Riocan Real Estate Investment Trust announces financial results for the second quarter 2017 with 8.5 pct growth in operating income and committed occupancy of 96.7 pct.Revenue increased 3.6 pct for Q2 to $286 million as compared to $276 million for q2 of 2016.Qtrly same property noi grew by 1.9 pct, or $3.0 million in q2 as compared to same period in 2016.Qtrly earnings per share $0.47.Qtrly ffo $0.45 per unit.  Full Article

Riocan REIT provides an update on its capital recycling program
Tuesday, 4 Jul 2017 08:30am EDT 

July 4 (Reuters) - Riocan Real Estate Investment Trust : :Riocan REIT provides an update on its capital recycling program.Completed sale of its Cambie Street Property in Vancouver, B.C. for a sale price of $94.2 million.Riocan Real Estate Investment Trust- Entered firm agreement to sell portfolio of 6 chartered bank branches located in B.C. at price of $30.3 million.  Full Article

RioCan Real Estate Investment Trust appoints Qi Tang as CFO
Thursday, 8 Jun 2017 12:39pm EDT 

June 8 (Reuters) - RioCan Real Estate Investment Trust ::RioCan Real Estate Investment Trust announces appointment of Qi Tang as Chief Financial Officer.Has promoted Qi Tang to Senior Vice President and Chief Financial Officer of RioCan effective June 8, 2017.  Full Article

BRIEF-RioCan Real Estate Investment Trust Q3 FFO per share C$0.46

* Riocan Real Estate Investment Trust announces financial results for the third quarter 2017 with 4.1 pct growth in operating income and 2.4 pct same property noi growth