About RioCan
RioCan is a publicly listed company based in Toronto (Canada) founded in 1993 by Edward Sonshine. Retail properties are owned, developed, and managed in Canada. The company has 500 employees. RioCan has completed 1 acquisition, including Primaris REIT. Its chief executive, as recorded, is Edward Sonshine. Its website riocan.com draws about 19 thousand monthly visits. Its focus areas include REITs, Equity and Diversified.
Company details
RioCan Real Estate Investment Trust was established in 1993 in Toronto, Canada. Retail real estate properties are owned, developed, and operated across the country by the trust. Approximately 350 properties are managed, encompassing supermarkets, department stores, movie theaters, bookstores, and restaurants. Fifteen development projects are underway, contributing to an enterprise value of around 15.6 billion.
- Headquarters Toronto, Canada
- Employees 500
- Founders Edward Sonshine
- Stage Public
- SectorsFinancial Services
- Website riocan.com
- Social LinkedIn
- Legal Name Riocan Real Estate Investment Trust
- Annual Revenue$1.08 B (USD)14.64as on Dec 31, 2025
- Net Profit$50.61 M (USD)-85.36as on Dec 31, 2025
- EBITDA$540.69 M (USD)1.64as on Dec 31, 2025
- Latest Funding Round$384.56M (USD), Post-IPO
Feb 2025
- Employee Count500
- Investments & Acquisitions
Funding Insights of RioCan
- Total Rounds 2
- Last Round Post-IPO — $384.56M
- First Round $350M
(Feb 2019)
All 2 funding rounds of RioCan with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2025 | $384.56M | Post-IPO | – | – | – |
| Feb 2019 | $350M | Debt – Conventional | – | – | – |
People of RioCan
138 people are tracked at RioCan (52 in leadership, 6 in board & advisors, 80 in team); the tracked headcount is 500.
| Name | Role | Group |
|---|---|---|
Edward Sonshine | Founder & CEO | Leadership |
Jonathan Gitlin | President & CEO | Leadership |
Rocky Kim | VP, FP&A & Treasury | Leadership |
Andrew Duncan | Chief Investment Officer | Leadership |
John Ballantyne | COO | Leadership |
Dennis Blasutti | CFO | Leadership |
Bryan Kolle | Director, Leasing | Leadership |
Terri Andrianopoulos | VP, People & Brand | Leadership |
John McKinnon | VP, Asset Management | Leadership |
Kimberly Valliere | VP, Development Construction | Leadership |
Roberto Debarros | VP, Construction | Leadership |
Jason Wong | VP, Corporate Tax | Leadership |
Stuart Craig | VP, Development | Leadership |
Anton Katipunan | VP, Development | Leadership |
Xi Huang | VP, Investments | Leadership |
Moshe Batalion | VP, National Leasing | Leadership |
Pradeepa Nadarajah | VP, Property Accounting | Leadership |
Jeffrey Stephenson | VP, National Property Management | Leadership |
Kalliopi Karkas | VP, RioCan Living | Leadership |
Ihor Tsutsa | Director, Asset Management Analytics | Leadership |
118 more people are available in the full profile.
Complete people profiles for RioCan
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IPO & Listings of RioCan
RioCan is a publicly listed company on the TSX with ticker symbol REI.UN in Canada, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date26 Apr 1996
- Listed onTSX: REI.UN
- Listed entityRioCan Real Estate Investment Trust
- Exchange sectorFinance
- ISINCA7669101031
- Share price20.59 CAD (+0.39% on the day) · 2026-10-13
- Market capitalisation5,993,749,170.00 CAD
- Price to earnings23.8
- EPS (diluted, trailing year)0.87 CAD
- Dividend yield5.65%
- Volume (last session)612,387
Financials of RioCan
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 1.48B CAD | 69.3M CAD | 740.3M CAD |
| 2024 | 1.29B CAD | 473.5M CAD | 728.4M CAD |
| 2023 | 1.16B CAD | 38.8M CAD | 681.1M CAD |
| 2022 | 1.24B CAD | 236.8M CAD | 661.6M CAD |
| 2021 | 1.19B CAD | 598.4M CAD | 641.5M CAD |
Detailed financial statements for RioCan
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by RioCan
RioCan has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Primaris REIT.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Retail shopping centres are owned and managed by Primaris REIT. | primarisreit.com | Toronto, Canada | 2003 | Apr 2013 | $4.47B |
Complete acquisition details for RioCan
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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Timeline of RioCan
5 dated milestones of RioCan across 32 years, from founding to its latest funding, stage changes and deals.
- Founded RioCan is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Primaris REIT.
- Funding First funding round of $350.0M.
- Funding Latest funding round, Post-IPO, of $384.6M.
Web traffic of RioCan
The website of RioCan (riocan.com) receives about 18.7K visits a month.
- Monthly visits18.7K
▼ 9.8% vs previous month
Websites whose visitors overlap most with RioCan. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
crombiereit.ca | crombiereit.ca | 100% | – | ||
| artisreit.com | 64% | 9.2K | #2,655,772 | View details | |
| hr-reit.com | 48% | 8.7K | #2,620,348 | View details | |
| wereldhavebelgium.com | 46% | 4.2K | #4,056,851 | View details | |
| creit.ca | 46% | View details | |||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for RioCan
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- 11 similar websites
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Related news about Riocan
Complete news archive for RioCan
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Frequently Asked Questions about RioCan
RioCan was founded in 1993 and raised its 1st funding round 26 years after it was founded.
RioCan is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Edward Sonshine is the CEO of RioCan, as recorded in our data. They have also founded this company.
RioCan has 500 employees.
Annual revenue of RioCan is $1.08B as on Dec 31, 2025.
RioCan Real Estate Investment Trust was established in 1993 in Toronto, Canada. Retail real estate properties are owned, developed, and operated across the country by the trust. Approximately 350 properties are managed, encompassing supermarkets, department stores, movie theaters, bookstores, and restaurants. Fifteen development projects are underway, contributing to an enterprise value of around 15.6 billion.
Yes, RioCan is publicly traded on TSX under the ticker symbol REI.UN.
RioCan has made 1 acquisition, including Primaris REIT.