EL7.AI
StocksMedium•2 November 2026•
3 min read

RioCan to Report Third-Quarter Results After Market Close, Cites 98.8% Occupancy in Previous Quarter

Key Facts

1Diluted Core FFO was C$0.40 per unit in the second quarter of 2026, up 5.3% year over year.
2Committed retail occupancy reached 98.8% in the second quarter of 2026.
3RioCan raised its 2026 same-property retail net operating income growth outlook to 4.0%-4.5% from 3.5%-4.0%.
4The portfolio comprised 164 properties with approximately 31 million square feet of leasable area as of June 30, 2026.
5The third-quarter results conference was scheduled for November 3, 2026, at 10:00 a.m. Eastern Time.

RioCan said it will release its financial and operating results for the three and nine months ended September 30, 2026, after the market closes on November 2, according to its results release announcement. The announcement comes as attention on the trust’s performance focuses on turning leasing strength and retail occupancy into growth in underlying cash flows. In the second quarter, the company reported diluted Core FFO of C$0.40 per unit, compared with C$0.38 in the same period of 2025, a year-over-year increase of 5.3%. The documented information does not include third-quarter results details that would confirm an earnings figure or the comparison basis cited in the previous draft. Management is scheduled to discuss the results at a conference on November 3 at 10:00 a.m. Eastern Time.

Second-quarter results provide a benchmark for RioCan’s performance ahead of its latest figures. Diluted net income was C$0.52 per unit in the second quarter of 2026, compared with C$0.49 in the second quarter of 2025. Committed retail occupancy was 98.8%, and the company said the level reflected “continued demand in a supply-constrained market.” The figure measures space committed under leases, while the high occupancy rate illustrates strong demand for the trust’s portfolio. Same-property leasing spreads were 23.1% in the same period, according to the company’s statement.

Previous leasing data show the company recorded 4.7% growth in same-property retail net operating income in the first quarter of 2026, alongside a record same-property leasing spread of 25.8%. In the second quarter, RioCan said strong leasing results year to date prompted it to raise its outlook for same-property retail net operating income growth, while reaffirming the rest of its 2026 guidance. The company set its annual growth outlook at 4.0% to 4.5%, up from its original range of 3.5% to 4.0%. It attributed the revised outlook to leasing results achieved by that point and the expected leasing pipeline for the rest of the year. It also said the revised guidance assumes a same-property leasing spread of about 20%.

According to company data as of June 30, 2026, RioCan’s portfolio comprised 164 properties with approximately 31 million square feet of gross leasable area, calculated on its ownership share. This scale puts the occupancy and leasing-spread figures in the context of a broad property base that included the company’s portfolio at that date. Results for the three and nine months ended September 30 will be the focus of management’s conference scheduled for November 3 at 10:00 a.m. Eastern Time. The upcoming call will give management an opportunity to present the results and discuss operating performance after their release. RioCan had announced that the results would be released after the market closes on November 2.