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Riocan Real Estate Investment Trust (T:REI.UN)

Business Focus: Retail REITs

Sector:  Financials Industry:  Commercial REITs
 
See Regulatory Filings on SEDAR
Company Contact
Address: RioCan Yonge Eglinton Centre
2300 Yonge Street,, Suite 500
TORONTO ON M4P 1E4
Tel: 1-416-8648138
Website: www.riocan.com
IR: See website
Key People
Paul Victor Godfrey
Independent Chairman of the Board of Trustees
Oliver Harrison
Vice President - National Operations
Jonathan Gitlin
President, Chief Operating Officer
Edward Sonshine
Chief Executive Officer, Trustee
Qi Tang
Chief Financial Officer, Senior Vice President
Jennifer Suess
Senior Vice President, General Counsel, Corporate Secretary
John Ballantyne
Senior Vice President - Asset Management
Andrew William Duncan
Senior Vice President - Developments
Jeff Ross
Senior Vice President - Leasing and Tenant Coordination
Franca Smith
Vice President - Finance
   
Business Overview
RioCan Real Estate Investment Trust (RioCan) is a Canada-based closed-end real estate investment trust. The Trust owns and manages Canada's portfolio of shopping centers with ownership interests in a portfolio of 230 properties with an aggregate net leasable area (NLA) of approximately 39.1 million square feet, including residential rental and 13 development properties. The Trusts property portfolio includes grocery anchored, new format retail, urban retail, mixed use and non-grocery anchored centers of which approximately 190 properties are owned, which includes approximately 186 income properties and four properties under development, and approximately 40 are co-owned through joint arrangements with co-owners including approximately nine under development. The Trusts projects are categorized into urban/mixed use, renovation/backfill and greenfield/expansion.
Financial Overview
For the three months ended 31 March 2020, RioCan Real Estate Investment Trust revenues decreased 12% to C$286.3M. Net income decreased 47% to C$102.8M. Revenues reflect FFO per Share (Basic) decrease of 2% to C$0.46, FFO per Share (Diluted) decrease of 2% to C$0.46, Residential inventory sales decrease of 99% to C$409K, Property Management Services Revenue decrease of 46% to C$2.4M.
Employees: 605 as of Mar 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $11,240M as of Mar 31, 2020
Annual revenue (TTM): $1,288M as of Mar 31, 2020
EBITDA (TTM): $699.33M as of Mar 31, 2020
Net annual income (TTM): $684.13M as of Mar 31, 2020
Free cash flow (TTM): $158.82M as of Mar 31, 2020
Net Debt Last Fiscal Year: $6,556M as of Mar 31, 2020
Shares outstanding: 317,233,083 as of May 1, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization