RioCan is a leading retail REIT in Canada. It is an unincorporated closed-end trust. As one of Canada's largest real estate investment trusts, RioCan owns, manages and develops retail-focused, mixed-use properties located in prime, high populated areas in leading cities like Vancouver, Calgary, Edmonton, Toronto, Ottawa and Montreal.
Each of RioCan’s sites is strategically selected to meet the demographic and geographic needs of its retailers. Its vast portfolio comprises of 230 properties, including 13 development properties spanning 39 million square feet of leasable property.
The REIT derives 88% of its revenues (1Q19) from six of Canada’s major markets and 48% from the Greater Toronto Area, which is one of the fastest growing regions in Canada. RioCan’s portfolio is comprised of over 200 properties spanning across Canada, with some of the leading national retail businesses such as Walmart, Canadian Tire, Cineplex, Loblaws and Metro, being its leading tenants.