Business
Add as a preferred source on GoogleThe trust is also pursuing a $55 million stake in East Hills and expects Core FFO per diluted unit near the upper end of its C$1.60 to C$1.62 range.
An East Hills stake valued at $55 million is part of RioCan Real Estate Investment Trust’s plans, alongside about $100 million for 2026 retail infill, laying out its capital priorities for the year.
For its commercial properties, RioCan is maintaining a 4% to 4.5% projection for same-property net operating income growth. The trust’s Core FFO outlook puts the per-diluted-unit figure near the top of a C$1.60 to C$1.62 range. There is no standardized definition for Core FFO, a non-IFRS measure.
Third-quarter revenue climbed 5.2% to $339.024 million, while Nareit FFO and Core FFO were each $1.87 per diluted share.
Net income per diluted common share fell 35.5% year over year, while Core FFO rose 0.7% and revenue increased.
Third-quarter revenue rose 7.8% year over year as Prologis raised same-store growth forecasts and lowered its net earnings range.
