RioCan
RioCan is a Canadian company that owns, manages, and develops retail-focused, increasingly mixed-use properties in major markets, with a portfolio of approximately 200 properties and a robust development pipeline.
Company Overview
RioCan owns, manages, and develops retail-focused, increasingly mixed-use properties in Canada’s major markets. Their portfolio includes approximately 200 properties, spanning retail, residential, and mixed-use developments. The head office is located at 2300 Yonge Street, Toronto, with regional offices in North York, Ottawa, Vancouver, Calgary, and Edmonton. Over 30 years, RioCan has been transforming Canadian real estate by focusing on resilient retail, intelligent diversification, disciplined capital management, and responsible growth.
Development Pipeline
RioCan's development pipeline includes 42.4 million square feet. Of this, 1.1 million square feet is currently underway, 1.7 million square feet is shovel ready, and 14.5 million square feet has zoning approval. Their development projects are focused on urban mixed-use developments and the creation of entire communities on vacant or underdeveloped land in growing suburban markets. The pipeline represents over 40 million square feet of inherent value.
Properties and Tenants
RioCan's properties are located in high-density, transit-oriented areas. They are anchored by resilient, necessity-based tenants such as grocery stores, pharmacies, and personal services. Major tenants include Loblaws, Canadian Tire, Winners, Dollarama, and Metro. The properties are increasingly mixed-use, combining residential, commercial, and office spaces. RioCan Living™ is the company's residential brand, which delivers purpose-built rental units and condos. Completed residential properties are located in Toronto, Ottawa, and Calgary, with more under construction.
ESG and Sustainability
RioCan integrates sustainability priorities into decision-making at all stages of an asset’s life cycle. Their commitment to ESG (Environmental, Social, and Governance) includes significant achievements such as being ranked 1st among Canadian peers in the GRESB Real Estate and Disclosure Assessments and attaining the WELL Health-Safety Rating for over 3 million square feet of their portfolio. Through Green Bond offerings, RioCan has raised $1.3 billion to fund eligible green projects, highlighting their focus on corporate citizenship and sustainability.
Corporate Citizenship
RioCan demonstrates a strong commitment to corporate citizenship and giving back to communities. Their properties are designed to be community-oriented, often located in high-density, transit-oriented areas to enhance accessibility and connectivity. Their focus on creating entire communities on vacant or underdeveloped land in suburban markets helps ensure sustainable growth and development. The company's ESG strategy underscores their dedication to responsible growth and community involvement.