RioCan Real Estate Investment Trust (REIT) is an unincorporated "closed-end" trust governed by the laws of the Province of Ontario and constituted pursuant to a Declaration of Trust. RioCan is publicly traded and is listed on the Toronto Stock Exchange under the symbol REI.UN. Generating cash-flow for our investors is a critical part of our mission. We succeed when you do.
RioCan is Canada's largest real estate investment trust, with a total enterprise value of approximately $14.6 billion as at December 31, 2016. It owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of more than 300 retail properties, including 40 under development, containing an aggregate net leasable area ("NLA") of 63 million square feet.
RioCan's purpose is to deliver to its unitholders stable and reliable cash distributions that will increase over the long term. We seek to do so by following a strategy of owning, developing, managing and operating Canadian retail real estate. RioCan's management, in measuring the Trust's performance, does not distinguish or group its operations on a geographical or any other basis. Accordingly, the Trust has a single reportable segment for disclosure purposes in accordance with International
Financial Reporting Standards (IFRS) accounting principles.