TORONTO, ONTARIO—RioCan Real Estate Investment Trust has released highlights for the three months ended March 31.
“I am pleased with our results for the first quarter and we are on course to achieve our goals for the year. So far in 2013, RioCan has accessed the unsecured debt markets twice, at attractive rates and has been able to proactively manage our debt maturity schedule by redeeming our 2015 maturity,” said Edward Sonshine, CEO of RioCan. “Our program of paring RioCan's assets to improve the overall portfolio and to secure the best growth prospects in the long term is progressing well and is providing the necessary capital to complete a number of exciting enclosed mall acquisitions. In addition, we have a number of exciting and high profile development projects in our pipeline that will secure future growth for RioCan.”
All figures below are in Canadian dollars unless otherwise noted. RioCan's results are prepared in accordance with International Financial Reporting Standards ("IFRS").
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
