RioCan - M&A Summary and Business Overview

Real EstateCompany

RioCan M&A Summary

RioCan has acquired 8 companies.

RioCan’s largest acquisition to date was in 2003, when it acquired Langley Power Centre for $43M. The Company’s most targeted sectors include real estate (100%).

RioCan Business Overview

Where is RioCan headquartered?

RioCan is headquartered in Toronto, Ontario.

What is RioCan’s revenue?

RioCan disclosed revenue of 1,124M CAD for 2023 and 1,214M CAD for 2022.

How many employees does RioCan have?

RioCan has 565 employees.

What sector is RioCan in?

RioCan is a real estate company.

When was RioCan founded?

RioCan was founded in 1981.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity8
  • Total Sectors Invested 1
  • Total Countries Invested 1

RioCan

RioCan Real Estate Investment Trust

RioCan Yonge Eglinton Centre, 2300 Yonge Street, Suite 500, PO Box 2386,
Toronto, Ontario M4P 1E4
Canada,
(416) 866-3033
www.riocan.com

RioCan is Canada's real estate investment trust. RioCan has total assets of approximately $3 billion consisting of ownership interests in a portfolio of 151 retail properties across Canada containing an aggregate of over 23 million square feet of gross leasable area. RioCan derives over 77% of its gross revenue from national and anchor tenants, with no one tenant providing more than 5.5% of gross revenue. RioCan's largest tenant is Wal-Mart and 14.2% of RioCan's revenue is provided by food supermarkets. RioCan was founded in 1981 and is based in Toronto, Ontario.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 8 - - - - - 8
vol $43M $43M
Sell (0.0/yr) # - - - - - - 0
  8

Most Recent M&A

Company Date Value Type
Langley Power Centre 2003-03-12 43M USD Joint Venture
Langley, British Columbia
Tillicum Shopping Centre 2002-07-10 - Joint Venture
Victoria, British Columbia
South Edmonton Common 2002-07-10 - Joint Venture
Edmonton, Alberta
Shoppers World Danforth 2002-07-10 - Joint Venture
Toronto, Ontario
Shoppers World Albion 2002-07-10 - Joint Venture
Toronto, Ontario
Strawberry Hill Shopping Centre 2002-05-06 - Joint Venture
Surrey, British Columbia
Brentwood Village Shopping Centre 2002-05-06 - Joint Venture
Calgary, Alberta
Lincoln Fields Mall 2002-05-06 - Joint Venture
Ottawa, Ontario
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Real Estate 8 (100%) 43M (100%) - -
Total 8 $43M - -

By Geo

State/Country Buy Value Sell Value
Canada 8 43M - -
  Ontario 3 - - -
  British Columbia 3 43M - -
  Alberta 2 - - -
Total 8 $43M - -

Deal Values

buy # Total
< $100M 1 $43M
TOTAL $43M
Largest Langley Power Centre
$43M (2003-03-12)

Company Summary

SECTOR

Real Estate

Revenue

1,124   8% 2023
1,214   4% 2022
1,175   3% 2021
1,144   14% 2020
1,326   2019
(millions of CAD) Show More Show Less

Employees

565

Established

1981

Public

Toronto (TSX): REI-UN

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