RioCan Real Estate Investment Trust

RioCan Real Estate Investment Trust

Real Estate

Toronto, Ontario 71,314 followers

About us

At RioCan, we create spaces where we can all prosper. RioCan [TSX: REI.UN] is one of Canada’s largest real estate investment trusts. With a clear strategy, entrepreneurial spirit, and an unparalleled track record that spans over 30 year, we harness Canada’s most adaptable property portfolio and development pipeline to create vibrant community spaces where people want to shop, live, work and play. RioCan’s team is always looking ahead, anticipating trends, and adapting our portfolio to strengthen our market position. Focused on serving high density areas, our strategy for long-term growth builds on our foundational strengths, and creates opportunities to enhance value for our tenants, partners, and unitholders.

Website
http://www.riocan.com/
Industry
Real Estate
Company size
501-1,000 employees
Headquarters
Toronto, Ontario
Type
Public Company
Founded
1993

Locations

Employees at RioCan Real Estate Investment Trust

Updates

  • Our CEO, Jonathan Gitlin, spoke to BNN Bloomberg Friday about RioCan's Q2 earnings results. You can watch the full interview here:

    View profile for Jonathan Gitlin, graphic

    President and Chief Executive Officer at RioCan Real Estate Investment Trust

    I joined host Amber Kanwar on BNN Bloomberg's Trading Day to discuss RioCan Real Estate Investment Trust’s Q2 2024 earnings results. We discussed the exceptional quality of RioCan's portfolio, highlighting our well-located properties that attract ongoing demand from high-quality grocery, pharmacy, and service tenants.   You can watch our full interview here: https://lnkd.in/etDdJDhm

    - BNN Bloomberg

    - BNN Bloomberg

    bnnbloomberg.ca

  • In Q2 2024, we reached an all-time high in new leasing spreads and continued to build the strength and resilience of our top-tier retail portfolio. Read our CEO’s message: 

    View profile for Jonathan Gitlin, graphic

    President and Chief Executive Officer at RioCan Real Estate Investment Trust

    Yesterday, RioCan Real Estate Investment Trust reported on our second quarter results. Our portfolio and team built upon consecutive quarters of positive momentum to set new leasing records, boost our occupancy, and secure our future growth potential. I am pleased to share some key second quarter highlights. New Leasing Records: RioCan delivered an all-time high new leasing spread driven by continued demand for quality space. Our occupancy remained high, with retail essentially full. Retailers consistently look to RioCan for high-quality space in Canada’s most densely populated markets.   Strategic Portfolio Enhancement: We continued to strengthen our best-in-class portfolio by replacing transitional tenants with highly relevant and resilient retailers. Six new major grocery leases highlight our outstanding leasing performance in the first half of 2024, reflecting our commitment to improving our existing retail spaces and prioritizing our long-term strength and stability.   Wellington Market Launch: We saw incredible success in launching Wellington Market, the fully licensed food hall at The Well, the flagship mixed-use development in downtown Toronto. Since opening in May, Wellington Market has exceeded our expectations. It has attracted heavy foot traffic and high-quality retailers, and was quickly identified as a staple of Toronto’s food scene.   View our Q2 report in more detail here: https://lnkd.in/e3DTTuZ4

  • RioCan Living recently celebrated the topping off of 11 Yorkville, a 65-story tower offering 698 premium residences, on Toronto's prestigious Yorkville Avenue. The event marks the completion of the final structural elements and a significant milestone for this iconic development. With resident possessions beginning in Q4 of 2024, 11 Yorkville is set to reshape Toronto's skyline and elevate the standard of urban living in Canada. Thank you to our partners, Metropia and Capital Developments, and everyone involved in bringing this project to life. For more information, visit www.11yorkville.com

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  • We are proud to partner again with the BlackNorth Initiative to offer the 2024-2025 RioCan and BlackNorth Initiative Bursary. This bursary provides financial support to self-identifying Black Canadian high school students pursuing university or trades education in real estate-related field. The RioCan and BlackNorth Initiative Bursary is focused on supporting the black community and helping to make post-secondary education ambitions a reality. For more details and to apply, visit the link here: bit.ly/4bF6ZXa #RioCan #DiversityandInclusion #Partnership 

    View organization page for BlackNorth Initiative, graphic

    18,889 followers

    We're pleased to announce the RioCan Real Estate Investment Trust and BlackNorth Initiative Bursary, designed to support Black Canadian high school students pursuing university or trades education in real estate-related fields. Award recipients will receive $5,300 for university education or $2,650 for trade education. The deadline to apply is August 16th, 2024. For more details and to apply, visit the link here: bit.ly/4bF6ZXa

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  • RioCan’s July Career Board features another exciting opportunity to join our team: we are seeking a Property Administrator at one of our West GTA offices. This role will require collecting, reconciling, and entering monthly rents in JD Edwards, including maintaining and updating tenant files, tenant/vendor insurance tracking, and utility account tracking. Reporting to the General Manager, the Property Administrator will play a key role in ensuring the smooth day-to-day operation of the properties. This will include preparing correspondence as necessary, assisting in the preparation of service contracts and temporary lease contracts, and helping resolve tenant issues, including reviewing tenant leases. The successful candidate will also maintain accounting/invoicing procedures in conjunction with Head Office, including processing supplier invoices, entering purchase orders into JD Edwards, and preparing monthly tenant service invoices. They will actively participate in accounts receivable meetings with the GM and AR Department, ensuring action items are addressed and followed up on, and collect and coordinate all information for proposed assignment packages within the West GTA. To apply for this position, visit the official job posting here. https://lnkd.in/gkz3w5S8 RioCan is committed to creating a diverse and inclusive workplace. We value different voices and perspectives and believe that unique backgrounds and identities make our business stronger. RioCan is always looking for exceptional talent. If you are interested in working with us, we are happy to hear from you: [email protected] #RioCan #hiringnow #hiringalert

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  • Our CEO, Jonathan Gitlin was recently interviewed by Jared Lindzon and published in the Toronto Star as part of their featured CEO series. You can read the full interview here:

    View profile for Jonathan Gitlin, graphic

    President and Chief Executive Officer at RioCan Real Estate Investment Trust

    It was my pleasure to join Jared Lindzon for this recent conversation, featured Saturday in the Toronto Star. We discussed all things real estate, including what RioCan means to everyday Canadians and why today’s real estate landscape is changing. I also shared how RioCan is leading Canada’s retail real estate sector, from launching The Well – our landmark shopping centre in downtown Toronto – to refining our portfolio to better serve our country’s growing city centres. 

    Will Toronto’s downtown recover? Will our shuttered stores reopen? Why the head of RioCan feels positive

    Will Toronto’s downtown recover? Will our shuttered stores reopen? Why the head of RioCan feels positive

    thestar.com

  • RioCan’s June Career Board highlights a fantastic opportunity to join our team: we are seeking an IT Administrative Assistant at the Yonge Eglinton Centre in Toronto. This role will require coordinating IT related technology purchases through the Business ERP system (Yardi), including overseeing the creation of IT purchase orders and ensuring approvals in accordance with company procurement policy. Reporting to the Vice President, Information Technology, the IT Administrative Assistant will play a key role in supporting IT operations and financial management. This will include liaising with external suppliers for timely payment of vendor invoices and applying cost allocation of IT expenses to various business units. The successful candidate will excel in maintaining IT department budgets, assisting with quarterly governance presentations, and managing contract databases and project portfolios. To apply for this position, visit the official job posting here: https://lnkd.in/gQ_KiUMg RioCan is committed to creating a diverse and inclusive workplace. We value different voices and perspectives and believe that unique backgrounds and identities make our business stronger. RioCan is always looking for exceptional talent. If you are interested in working with us, we are happy to hear from you: [email protected] #RioCan #hiringnow #hiringalert

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  • View organization page for RioCan Real Estate Investment Trust, graphic

    71,314 followers

    This year for National Indigenous History Month, RioCan has partnered with imagineNATIVE to present two feature films at The Well in Toronto on June 28 and 29. These screenings are part of a broader series of public programming that invites audiences to experience Indigenous Cinema and artists throughout the month of June. To learn more about the screenings and schedules, visit:  https://lnkd.in/g-zqDmEy

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  • View organization page for RioCan Real Estate Investment Trust, graphic

    71,314 followers

    At RioCan, our people are our top priority and central to everything we do. We believe that a thoughtful, holistic approach to total rewards is the best way to engage employees, recognize hard work, and promote overall well-being.    Minjie (Kelly) Wu, Assistant Vice President of Total Rewards, illustrates how our team supports the advancement of our culture of excellence and how RioCan is committed to providing every employee with a competitive and innovative total rewards package, continuously adding value to their professional journey.     We believe that when our people thrive, we all succeed.    #RioCan #EmployeeSpotlight #TotalRewards

  • RioCan is pleased to share our sixth annual ESG Report. Through embedding our commitments to resilient business, purposeful impact, and strategic partnerships across our business, RioCan’s ESG program is leading the way in shaping a sustainable future. 2023 was marked by notable leadership achievements, a commitment to climate targets, and deepening dialogue with our stakeholders. It is through such leadership and strategy that we can be a collaborative partner in achieving goals through best-in-class practices. A few of our 2023 highlights and achievements include: - Maintained first-place rank among Canadian peers in the GRESB Real estate Assessment: Standing Investments - Upgraded by Morgan Stanley Capital Investments (MSCI) to an “A” ESG rating - Validated near- and long-term greenhouse gas (GHG) reduction targets with the Science Based Targets Initiative (SBTi) - Recognized as one of the top 100 employers by Greater Toronto’s Top Employers - Achieved a 98% response rate and a 90% overall engagement score in our 2023 Employee Engagement Survey View our latest ESG Report here:

    RioCan's 2024 ESG Report

    RioCan's 2024 ESG Report

    s29.q4cdn.com

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