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StocksMedium•4 May 2026•

1 min read

RioCan Reports Strong Q1 Results with Record Leasing Spreads

Key Facts

1RioCan Real Estate Investment Trust achieved record blended leasing spreads of 25.8% in the first quarter.

2The company recorded a 4.7% growth in Commercial Same Property Net Operating Income (NOI).

RioCan Real Estate Investment Trust announced robust financial results for the first quarter of 2026, highlighted by record operational metrics. The company achieved unprecedented blended leasing spreads of 25.8%, signaling strong demand for its retail-focused properties. Furthermore, RioCan reported a 4.7% increase in Commercial Same Property Net Operating Income (NOI), demonstrating solid organic growth. These results stem from the successful execution of the strategic and financial framework outlined during the company's Investor Day. Management's focus on capital recycling and retail momentum continues to drive value across the portfolio. Overall, the strong leasing activity and NOI growth position the REIT favorably within the current market environment.