RioCan

RioCan

Owns and manages mixed-use real estate

Overview

RioCan is a large Canadian real estate investment trust that owns and develops a portfolio of properties, mainly shopping centers and mixed-use spaces, in high-density areas. It generates income by leasing spaces to retailers, residents, and commercial tenants, and by developing new properties through its development pipeline. Its products are the spaces it owns and manages, including shopping centers and mixed-use buildings, which generate revenue from leases and tenant services. RioCan differentiates itself with a 30-year track record, a broad, adaptable portfolio focused on high-density markets, and a continuous pipeline of development opportunities designed to respond to market trends. The company aims for long-term growth and value creation for tenants, partners, and unitholders by strengthening its market position and delivering vibrant places where people can shop, live, work, and play.

About RioCan

Simplify's Rating
Why RioCan is rated
C+
Rated B on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Real Estate

Company Size

201-500

Company Stage

IPO

Headquarters

Toronto, Canada

Founded

1993

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Simplify's Take

What believers are saying

  • RioCan reported 23.1% blended leasing spreads on August 4, 2026.
  • RioCan sold FourFifty The Well for $155 million on July 15, 2026.
  • Second-quarter 2026 core FFO rose to C$0.40 per unit, up 5.3%.

What critics are saying

  • RioCan halted major new construction starts in January 2026, throttling growth.
  • High leverage and weak liquidity force constant debt refinancing, despite March 2026 issuance.
  • If retail leasing softens, RioCan becomes a slow-growth capital recycling machine.

What makes RioCan unique

  • RioCan owns necessity-based retail in Ontario, where 2026 occupancy reached 98.8%.
  • RioCan monetizes residential assets like FourFifty The Well, recycling capital into retail.
  • RioCan’s BBB debt carries a Positive trend after the March 11, 2026 debenture.

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Funding

Total Funding

$1.6B

Above

Industry Average

Funded Over

6 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Health Savings Account/Flexible Spending Account

Flexible Work Hours

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Parental Leave

Employee Discounts

Professional Development Budget

Stock Price

Company News

MarketBeat
Jul 29th, 2026
RioCan Real Estate Investment Trust (TSE:REI.UN) shares cross above 200 day moving average - time to sell?

RioCan Real Estate Investment Trust (TSE:REI.UN) shares cross above 200 day moving average - time to sell? July 29, 2026 Key points. * RioCan shares crossed above their 200-day moving average, reaching C$22.79 and last trading at C$22.70 versus the C$20.92 long-term average. * Analysts remain broadly positive: six rate the REIT a Buy and one a Hold, producing a "Moderate Buy" consensus and an average price target of C$23.68. * RioCan reported quarterly EPS of C$0.32 on revenue of C$322.31 million, but its balance sheet shows high leverage, with a debt-to-equity ratio of 95.37 and a current ratio of 0.30. * MarketBeat previews the top five stocks to own by August 1st. Shares of RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$20.92 and traded as high as C$22.79. RioCan Real Estate Investment Trust shares last traded at C$22.70, with a volume of 971,235 shares traded. Wall Street analysts forecast growth. REI.UN has been the subject of a number of research analyst reports. Royal Bank Of Canada boosted their target price on RioCan Real Estate Investment Trust from C$22.00 to C$24.00 and gave the company an "outperform" rating in a research report on Friday, May 8th. National Bank Financial increased their price target on RioCan Real Estate Investment Trust from C$24.00 to C$24.25 and gave the stock an "outperform" rating in a report on Wednesday, May 6th. TD raised their price objective on RioCan Real Estate Investment Trust from C$23.00 to C$24.00 and gave the company a "buy" rating in a research note on Wednesday, May 6th. BMO Capital Markets boosted their price objective on RioCan Real Estate Investment Trust from C$21.00 to C$23.50 and gave the company an "outperform" rating in a report on Wednesday, May 6th. Finally, Scotia boosted their price objective on RioCan Real Estate Investment Trust from C$20.50 to C$22.25 and gave the company a "sector perform" rating in a report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, RioCan Real Estate Investment Trust has a consensus rating of "Moderate Buy" and a consensus price target of C$23.68. RioCan Real Estate Investment Trust stock performance. The company has a debt-to-equity ratio of 95.37, a quick ratio of 0.08 and a current ratio of 0.30. The stock has a market cap of C$6.61 billion, a P/E ratio of 27.35 and a beta of 0.95. The company's 50 day moving average price is C$22.58 and its 200-day moving average price is C$20.92. RioCan Real Estate Investment Trust (TSE:REI.UN - Get Free Report) last released its earnings results on Monday, May 4th. The real estate investment trust reported C$0.32 EPS for the quarter. The company had revenue of C$322.31 million for the quarter. RioCan Real Estate Investment Trust had a return on equity of 0.78% and a net margin of 4.86%. About RioCan Real Estate Investment Trust. Riocan Real Estate Investment Trust is a Canadian real estate investment trust which owns, develops, and operates Canada's portfolio of retail-focused, increasingly mixed-use properties. The REIT's property portfolio includes shopping centers and mixed-use developments, with most of its properties located in Ontario, Canada. Riocan's tenants consist of grocery stores, supermarkets, restaurants, cinemas, pharmacies, and corporates. By geography, the company operates in Canada, which generates the majority of total revenue, and in the United States. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Discover more EV Market Analysis Stock Average Calculator Options Profit Calculator Before you consider RioCan Real Estate Investment Trust, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RioCan Real Estate Investment Trust wasn't on the list. While RioCan Real Estate Investment Trust currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

ApartmentBuildings.com
Jul 15th, 2026
RioCan Sells 50% Stake in Toronto's The Well

RioCan sells 50% stake in Toronto's The Well. News | July 15, 2026 | Monte Stewart Canada + Apartment Buildings RioCan REIT has sold its 50% stake in the multi-family rental tower at The Well in downtown Toronto to Woodbourne Capital, according to multiple reports. GreenStreet reported that RioCan received a price of $155 million. Woodbourne already owned the other 50%. The deal has closed after RioCan announced its intention to sell the Real Estate Investment Trust has reached a firm agreement to sell its 50% interest in FourFifty The Well, a 592-unit rental tower. The buyer and purchase price were not previously disclosed. FourFifty The Well is a 46-storey rental tower at 450 Front St. W. that was developed as part of The Well, a 7.7-acre mixed-use project by RioCan and its partners, including Allied Properties REIT on the office component, Tridel on the condominium component and Woodbourne on the rental component. The sale is part of RioCan's ongoing strategy to monetize its RioCan Living residential rental portfolio and focus on its core retail business. Over the past year, the REIT has sold interests in several rental properties, including Frontier, Latitude and Luma in Ottawa, Brio in Calgary, the Litho building in Toronto, the Market project in Montreal and the Underwood tower in Calgary. "The ongoing monetization of RioCan Living continues to unlock value from the residential rental portfolio, providing additional flexibility to redeploy capital in line with the Trust's long-term strategy," the REIT said previously. WoodBourne describes itself as a leading owner, developer and operator of high-quality residential and alternative assets. RioCan ranks among Canada's largest REITs. It primarily owns and manages necessity-based retail properties in Canada's msot densely populous, in-demand markets. Pictured: FourFity The Well in downtown Toronto. Photo: FourFifty

TipRanks
Feb 26th, 2026
RioCan Launches $200 Million Debenture Offering as Credit Trend Turns Positive - TipRanks.com

RioCan Real Estate Investment ( ($TSE:REI.UN) ) has shared an update. RioCan Real Estate Investment Trust has launched a $200 million offering of Series AQ senior u...

TipRanks
Sep 22nd, 2025
RioCan Announces $200 Million Debenture Offering to Strengthen Financial Position - TipRanks.com

RioCan Real Estate Investment ( ($TSE:REI.UN) ) just unveiled an announcement. RioCan Real Estate Investment Trust has announced the issuance of $200 million in Ser...

CondoTrend
Jun 22nd, 2025
RioCan & Milestone Redevelopment Plan - Vibrant Mixed-Use Community V1

RioCan REIT, in strategic partnership with Milestone, has embarked on a comprehensive urban redevelopment initiative focused on transforming key retail properties into vibrant, high-density, mixed-use communities.

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