RioCan Real Estate Investment Trust(TSE:REI.UN) JUL 04 2015 BUY av $26.11
RioCan Real Estate Investment Trust (RioCan) is a closed end real estate investment trust based in Canada. RioCan owns and manages a portfolio of shopping centers, with interests in a portfolio of 340 retail properties in Canada and the United States combined, including 15 under development, containing a total of about 79.1 million square feet. RioCan’s Canadian portfolio consists of about 292 shopping centers, including grocery anchored, new retail formats, sales in urban retail, mixed-use and non-grocery anchored centers. These properties are approximately 199 properties held by the absolute property (195 income properties and four properties under development), while 93 centers, including 11 under development, are co-owned with 22 partners through joint venture agreements. US RioCan’s portfolio consists of about 48 shopping centers, primarily grocery anchored centers and new retail format. The Company also has interests in about 46 income properties.