RioCan REIT reports Q4 net income of $128.2M, up year-over-year
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$1 per week for 24 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.99/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19.95 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
TORONTO – RioCan Real Estate Investment Trust reported a fourth-quarter profit of $128.2 million.
The result was up from $125.6 million in net income in the same period a year earlier.
RioCan says the profit worked out to 43 cents per unit, up from 42 cents the previous year.
Revenue reached $347.9 million during the period ended Dec. 31, down year-over-year from $357.6 million.
RioCan CEO Jonathan Gitlin says the company is entering 2026 with momentum due to intensifying demand from leading retailers amid a broader market shortage of well-located retail space.
Funds from operations per unit were unchanged from last year at 45 cents.
This report by The Canadian Press was first published Feb. 17, 2026.
Companies in this story: (TSX:REI.UN)