RioCan Real Estate Investment Trust

Last week, RioCan had the honour of hosting the RioCan and BlackNorth Initiative Bursary recipient event. This bursary provides financial support to self-identifying Black Canadian students pursuing university or trades education in real estate-related fields. This year’s recipients joined us at our head office, where they had the opportunity to hear from members of the RioCan and Black North Initiative teams. They gained a deeper understanding of our business, including our industry-leading culture and our summer student and mentorship programs. The bursary recipients listened to RioCan team members share insights from their educational and career journeys and participated in one-on-one mentorship sessions with team members in fields aligned with their areas of study and career aspirations. Congratulations to the 2024-2025 bursary recipients: Tabitha Nsangu, Opeyemi Bello, Remi Oluseye, Oluwakemi Fabunmi, and Ahmed Ali. We look forward to supporting your career journeys and celebrating your future successes.

We are excited to highlight 'Holiday at The Well', a Nordic-inspired winter experience, running until December 31, 2024. Under The Well’s iconic glass canopy, enjoy curated programs and activities, including NORDIC by BarChef, a Vendor Village, Glenfiddich's Spirits of the Season Lounge, public skating, musical performances, and more. For the full schedule, visit: https://lnkd.in/gYjQizUE #HolidayAtTheWell #TheWellToronto #RioCan 

RioCan reported strong Q3 earnings results today with record-level occupancy rates and a third consecutive quarter of double-digit leasing spreads, demonstrating the strength and resilience of our top-tier retail portfolio. Read our CEO’s message:

RioCan is pleased to share our 2024 GRESB Real Estate Assessment results. We have achieved Regional Sector Leader status in Americas under Retail sector, ranked first among North American retail peers in the Standing Investment Assessment and third among Canadian peers in the diversified category for Development Assessment. This exceptional performance highlights our employees’ commitment to sustainability. It underscores RioCan’s ongoing dedication to embedding Environmental, Social, and Governance (ESG) best practices throughout our business, ensuring long-term resilience and value for our people, partners, unitholders, and the communities in which we operate. 

October is Small Business Month in Canada, celebrating the contributions that entrepreneurs and small businesses make to our economy. At RioCan, having an entrepreneurial mindset is a core value that drives our dedication to supporting the growth of retail businesses. RioCan’s best-in-class retail portfolio provides communities across Canada’s major markets with access to an exceptional roster of tenants. Recognizing that small businesses are the heartbeat of vibrant neighbourhoods, our community-focused pop-ups and festivals foster local talent and creativity, create dynamic spaces, and enhance the shopping experiences. Artisanal at The Well, recently ran from August 22nd through October 10th showcasing 15 small businesses each week. Throughout the year, our properties host various markets and food festivals, including the Rose Market, Mom Market, ePick, and the Butter Tart Festival. We extend a special thank you to Canadian small businesses for their significant contribution to community growth and vibrancy.

Yesterday, we concluded another successful two days at ICSC in Toronto. Our team connected with industry leaders, strengthened relationships, and gained valuable insights into the latest market trends. We had productive discussions with businesses interested in RioCan’s portfolio of over 200, retail-focused properties across Canada’s major markets— where Canadians want to shop, live, work, and play. Our strong tenant roster uniquely positions us to drive growth and create lasting value for our tenants, partners, unitholders, and communities where we operate. Thank you to our tenants for their invaluable partnerships and contributions to our vibrant centres. We look forward to building on these connections and fostering new opportunities. #ICSCToronto

Today is National Day for Truth and Reconciliation. We honour the children who never returned home and the survivors of residential schools, as well as their families and communities. RioCan employees across Canada took time to learn more about the history and legacy of the Residential School system in Canada and listen to the experiences of First Nations, Inuit, and Métis Peoples. We engaged with communities by showcasing artist markets to celebrate Indigenous creativity, launching community lending libraries and providing complimentary books to promote access to education and awareness, and wearing orange shirts to honour the legacy of Residential Schools and support survivors.    #NDTR 

At RioCan, our people are the heart of our business. Terri Andrianopoulos, SVP of People and Brand, shares insights on RioCan's approach and commitment to holistic health and wellness.

Andrew Duncan, CIO of RioCan, joined hosts Adam Powadiuk and Aaron Cameron on the Commercial Real Estate Podcast at the Land and Development Conference. In this episode, Andrew discusses RioCan’s evolving investment strategy, its focus on capital allocation, and the challenges of making long-term investment decisions in a constantly shifting market. See the full video here: http://spr.ly/6045lgT23 

We are excited to welcome NoFrills to RioCan Hall. Focused on serving Canada's major markets, RioCan continues to add grocery stores to shopping centres across its well-located portfolio, ensuring we meet the needs of the communities where we operate.