REI-UN 📈 RioCan Real Estate - Overview

RioCan Real Estate Investment Trust is a prominent player in the Canadian real estate landscape, boasting an extensive portfolio of properties that cater to the evolving needs of the country's urban population. With a focus on retail-focused and mixed-use developments, RioCan's assets are strategically located in high-density, transit-oriented areas, where Canadians can seamlessly live, work, and shop. This approach enables the company to capitalize on the growing demand for convenient, urban lifestyles, while also providing a diverse range of investment opportunities.

As of December 31, 2023, RioCan's portfolio comprises 188 properties, spanning an aggregate net leasable area of approximately 32.6 million square feet, with a notable presence in office and residential rental spaces. The company's development pipeline includes 9 properties, underscoring its commitment to growth and expansion in key markets. By leveraging its expertise in property management and development, RioCan is well-positioned to drive long-term value for its stakeholders, while also contributing to the urban fabric of Canada's major cities.

With a strong online presence, including its website at https://www.riocan.com, RioCan provides investors and stakeholders with easy access to information about its operations, portfolio, and performance. The company's common stock is listed under the ISIN CA7669101031, and is classified within the Retail REITs sub-industry, according to the Global Industry Classification Standard (GICS). This classification reflects RioCan's specialized focus on retail-focused real estate investments, which is a key aspect of its business strategy and investment approach.