Shopping centre owner RioCan REIT reports Q1 profit up from year ago

Riocan News

Shopping centre owner RioCan REIT reports Q1 profit up from year ago
Funds From OperationsShopping CentreThe Canadian Press
  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 46 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 63%

TORONTO — RioCan Real Estate Investment Trust says its first-quarter profit rose compared with a year ago as its revenue also climbed higher, helped by...

TORONTO — RioCan Real Estate Investment Trust says its first-quarter profit rose compared with a year ago as its revenue also climbed higher, helped by strong leasing results.

Revenue for the quarter totalled $303.4 million, up from $279.5 million in the first quarter of 2023. In its outlook, RioCan says it expects funds from operations per unit for the full year to be within a range of $1.79 to $1.82.Development spending on mixed-use projects is expected to be between $250 million and $300 million and spending for the construction of retail projects is expected to be between $50 million and $60 million.In this article, we discuss the 10 companies to consider in the portfolio of Kevin O’Leary for 2024.

Stocks are primed to tumble into a bear market as bullish investors have driven equities to 1929 extremes, famed fund manager says -- A veteran Canadian bank analyst says Toronto-Dominion Bank’s role in an alleged money-laundering scheme has made the “worst-case scenario” more likely — a huge fine for the lender and years of restrictions on its US growth.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

YahooFinanceCA /  🏆 47. in CA

Funds From Operations Shopping Centre The Canadian Press

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Weekly grocery shopping just got a lot easier in Toronto thanks to Catherine ReitmanWeekly grocery shopping just got a lot easier in Toronto thanks to Catherine ReitmanToronto residents now have easier access to groceries than ever before thanks to on-demand grocery delivery via DoorDash — from workin' parents to ...
Read more »

Getting the lowest mortgage rates in a high interest rate worldGetting the lowest mortgage rates in a high interest rate worldTORONTO — Mortgage shopping isn’t getting much easier these days.
Read more »

Getting the lowest mortgage rates in a high interest rate worldGetting the lowest mortgage rates in a high interest rate worldTORONTO — Mortgage shopping isn’t getting much easier these days.
Read more »

RioCan Proposes First Phase Of Golden Mile Master-PlanRioCan Proposes First Phase Of Golden Mile Master-PlanZakiya is a staff writer with STOREYS. She has reported on real estate for Apartment Therapy, Curbed, and Post City Magazines. She also writes a quarterly series for a Canadian design publication.
Read more »

Missing Toronto senior has been locatedMissing Toronto senior has been locatedA missing Toronto senior with dementia has been found, Toronto police say.
Read more »

Most actively traded companies on the Toronto Stock ExchangeMost actively traded companies on the Toronto Stock ExchangeTORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (21,947.41, up 124.19 points): Toronto...
Read more »



Render Time: 2025-02-19 22:28:36