RioCan

Toronto, Canada Founded: 1993 • Age: 33 yrs
Retail properties are owned, developed, and managed in Canada.
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About RioCan

RioCan is a company based in Toronto (Canada) founded in 1993 by Edward Sonshine.. The company has 500 employees as of December 31, 2024. RioCan has completed 1 acquisition, including Primaris REIT.

  • Headquarter Toronto, Canada
  • Employees 500 as on 31 Dec, 2024
  • Founders Edward Sonshine
  • Stage Public
  • Sectors
    Financial Services
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Riocan Real Estate Investment Trust
Operational Areas
Financial Services → Private Capital & Alternative Investments → →
Key Metrics
  • Annual Revenue
    $896.58 M (USD)
    11.62
    as on Dec 31, 2024
  • Net Profit
    $329.07 M (USD)
    1120.21
    as on Dec 31, 2024
  • EBITDA
    $506.24 M (USD)
    6.95
    as on Dec 31, 2024
  • Latest Funding Round
    $384.56 M (USD), Post-IPO

    Feb 12, 2025

  • Investors
  • Employee Count
    500

    as on Dec 31, 2024

  • Investments & Acquisitions
    Primaris REIT

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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.

Exchange: TSX · Ticker: REI.UN . Sector: Finance · Canada
People of RioCan
Headcount 500-1000
Employee Profiles 132
Board Members and Advisors 7
Employee Profiles
People
Edward Lee
AVP Finance
People
Rocky Kim
VP, FP&A & Treasury
People
Jonathan Gitlin
President & CEO
People
Andrew Duncan
Chief Investment Officer

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Board Members and Advisors
people
Dale H. Lastman
Board Member

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Teams
ES
BK
Xi Huang
Moshe Batalion
+25

Leadership Team

29 people

Franca Smith
Qi Yu
Andy Li
Justin Chun
+9

Finance and Accounting

13 people

Kim Phung
FF
Ramesh Gosyne
Joseph Attuah
+9

Senior Team

13 people

SJ
Nashit Ali - B.eng
Filip Stojmanovski
Claribel Saldanha
+7

Software Development Team

11 people

Aylar Dilfanian
Devin Tat
Brian Chow
Tauseef Ahmed R.
+7

Product Management Team

11 people

Heidi McGaw
AA
SR
CK
+3

General Team

7 people

Michael Claessen
Michael Park
ND
KE
+3

Operations Team

7 people

EK
GI
Robert Frasca
Jennifer Suess
+2

Legal and Compliance

6 people

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Funding Insights of RioCan

  • Total Funding
  • Total Rounds 2
  • Last Round Post-IPO — $384.6M
  • First Round

    (07 Feb 2019)

  • Investors Count
Date Amount Transaction Name Valuation Lead Investors Investors
Feb, 2025 Amount Post-IPO - RioCan Valuation

investors
Feb, 2019 Amount Debt – Conventional - RioCan Valuation

investors
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investments & Acquisitions by RioCan

RioCan has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Primaris REIT. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
Primaris REIT
Retail shopping centres are owned and managed by Primaris REIT.
2003
Company Name Description Domain Location Founded Year Amount
OVO
OVO is recognized as a smart digital payment application.
2017
Bento Cloud
Bionic investment advisor platform
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - RioCan

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Riocan Comparisons

Employees
+
Add Comparison
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Competitors of RioCan

Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Riocan

Frequently Asked Questions about RioCan

When was RioCan founded?

RioCan was founded in 1993 and raised its 1st funding round 26 years after it was founded.

Where is RioCan located?

RioCan is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.

Who is the current CEO of RioCan?

Edward Sonshine is the current CEO of RioCan. They have also founded this company.

How many employees does RioCan have?

As of Dec 31, 2024, the latest employee count at RioCan is 500.

What is the annual revenue of RioCan?

Annual revenue of RioCan is $896.58M as on Dec 31, 2024.

What does RioCan do?

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.

Is RioCan publicly traded?

Yes, RioCan is publicly traded on TSX under the ticker symbol REI.UN.

How many acquisitions has RioCan made?

RioCan has made 1 acquisition, including Primaris REIT.

What is RioCan's ticker symbol?

The ticker symbol of RioCan is REI.UN on TSX.

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