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FY2017 Annual Report: RioCan Real Estate Investment Trust Net Profit down 13.9% Corporate Wire Date: 20 November 2018 02:35 EST

Nov 20, 2018 - News Bites Canadian Markets

CANADIAN RESULTS

RioCan Real Estate Investment Trust (TSX:REI.UN) reported net profit for the year-ended 31 December 2017 of CAD715m ($US569m), down 13.9% from CAD831m ($US618m) in the previous year.

Major changes compared with previous year:

Favourable Changes:

- Non-current inventory to Total Assets up from 0.3% to 0.9%

- Other non-current assets to Total Assets up from 0.4% to 2.9%

- Current ratio up 63.6% from 0.1 to 0.2

- EBIT to total assets up fro...