RioCan Q2 2026 core FFO per unit rises 5.3% on higher commercial same-property NOI, unit buybacks says management

• RioCan posted Q2 2026 net income of CAD 151.2 million, up from CAD 145.6 million, driven mainly by higher fair value gains on investment properties.
• Operating income fell 5.4% to CAD 189.4 million, reflecting lower residential inventory gains and weaker property management and service fee revenue.
• Rental revenue rose 1.9% to CAD 296.8 million on rent growth, development completions, acquisitions, higher recoveries, and higher straight-line rent, partly offset by dispositions.
• Commercial same-property NOI increased 4.3% to CAD 159.7 million, supported by prior leasing, higher-rent backfills, contractual rent steps, and positive renewal spreads.
• Leasing remained tight with total commercial occupancy at 98.1% committed and 97.3% in-place; retail occupancy reached 98.8% committed and 98% in-place.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. RioCan Real Estate Investment Trust published the original content used to generate this news brief on August 04, 2026, and is solely responsible for the information contained therein.