RioCan Reaffirms Core FFO Guidance and Announces Strategic Acquisitions and Capital Spending
RioCan Real Estate Investment Trust (REI.UN) reported a strong third quarter, highlighted by a 5.1% increase in core Funds From Operations (FFO) per unit and a 4.2% growth in same-property Net Operating Income (NOI). The company also announced the successful completion of its $1.3 billion residential capital recycling program. Looking forward, RioCan is pursuing strategic growth through a $55 million stake acquisition in East Hills and has outlined plans for approximately $100 million in retail infill spending scheduled for 2026. The Trust reaffirmed its core FFO per unit guidance in the range of $1.60 to $1.62.
