RioCan Real Estate Investment Trust

RioCan Real Estate Investment Trust

RioCan Real Estate Investment Trust

Overview
Date Founded

1981

Headquarters

RioCan Yonge Eglinton Centre,2300 Yonge Street,Suite 500,Toronto, ON M4P 1E4

Type of Company

Public

Employees (Worldwide)

701

Industries

Real Estate
Real Estate Investment Trusts

Company Description

RioCan is Canada's largest real estate investment trust exclusively focused on retail real estate. Our core strategy of owning and managing community-oriented neighbourhood shopping centres anchored by supermarkets, together with a rapidly expanding mix of new format retail centres. RioCan owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio containing an aggregate of over 79 million square feet. RioCan also owns interests in a number of grocery anchored shopping centres in the United States located predominantly in the Northeastern United States RioCan's mission is to deliver to its unitholders stable and reliable cash distributions, which continuously increase over time.

Website
Executives & Employees

Chief Executive Officer

President & Chief Operating Officer

Senior Vice President & Chief Financial Officer

Chief Operating Officer

Secretary, Senior Vice President & General Counsel

Regional Director of Operations, Western Canada

Senior Vice President-Operations

Senior Vice President, Leasing & Tenant Coordination

Senior Vice President-Asset Management

Senior Vice President, Developments

Board of Directors

Former Chief Financial Officer & Executive Vice President at BCE Inc.

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Owners & Shareholders
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Sentry Investments seeks to preserve capital, maximize return, minimize risk and manage investment capital to generate a steady stream of income. Sentry Investments' approach is a combination of both a quantitative and a forward-looking intrinsic value approach. Their analysts use a proprietary model to review companies in each target sector and apply specific investment criteria to evaluate each company's historical performance. Sentry Investments then weighs these criteria to select the stocks with proven records of success and the best prospects for capital appreciation, looking forward. The firm's products include TSX-listed closed end funds, closed-end trusts, flow through limited partnerships, mutual funds and principal-protected notes covering a variety of domestic and global strategies.

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Guardian Capital offers balanced fund mandates, specialty Canadian equity, fixed-income expertise, and investment management for US, international and global mandates. The firm mainly uses exchange-listed securities, securities traded over-the-counter, foreign securities, warrants, corporate debt securities, commercial paper, municipal securities, mutual funds and US government securities, options contracts on securities, futures contracts on intangibles, interests in partnerships investing in real estate and oil & gas interests to accomplish client objectives. Research is conducted by all members of the Canadian Equity Team. They look for catalysts that will positively influence the fortunes of a company which have not yet been fully recognized by the marketplace. To allow for open discussion and exchange among all tem members, Guardian Capital does not allocate their research efforts on a sector or industry basis.

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ATB Investment Management (ATBIM) manages the Compass Portfolio Series, a comprehensive series of strategic asset allocation models designed to meet investors' unique investment objectives and risk tolerances. A mix of asset classes within pre-determined ranges are maintained through regular rebalancing which serves to preserve the performance characteristics of the portfolio and meet investors' objectives within their time horizons and risk tolerances. The portfolio invests in multiple asset classes including stocks, bonds, near cash or money market instruments such as Treasury Bills, and in alternative investments including income trusts. The Compass Portfolio Series invests the majority of their assets in a mix of mutual funds, institutional pooled funds, ETFs and other pooled investment vehicles managed respected third-party investment management firms. The underlying investments of each portfolio are selected to achieve and add value to the asset allocation of the portfolio as a whole. Portfolios are further diversified by geography, management style, market sector, market-cap and investment manager. ATBIM seeks to provide superior risk-adjusted rates of return by minimizing volatility and maximizing long-term performance results.

Recent Transactions
Details Hidden

RioCan Real Estate Investment Trust purchases Canada Pension Plan Investment Board /Properties 4 from Canada Pension Plan Investment Board

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RioCan Real Estate Investment Trust issued Units

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H&R Real Estate Investment Trust, RioCan Real Estate Investment Trust, Ontario Pension Board, KingSett Capital, Inc., PRR Investments, Inc. purchase Primaris Retail Real Estate Investment Trust

Transaction Advisors
Manager

Advised onRioCan Real Estate Investment Trust issued Units

Manager

Advised onRioCan Real Estate Investment Trust issued Units

Underwriter

Advised onRioCan Real Estate Investment Trust issued Units

Managing Director & Head of Real Estate

Advised onRioCan Real Estate Investment Trust issued Units

Head, Real Estate Group

Advised onRioCan Real Estate Investment Trust issued Units

Head, Real Estate

Advised onRioCan Real Estate Investment Trust issued Units

Advisors & Consultants

President & Chief Executive Officer at Trinity Development Group, Inc.

Clients

Loblaw Companies Limited (Loblaw) is Canada's largest food retailer and a leading provider of drugstore, general merchandise and financial products and services. Through our portfolio of store formats, we are committed to providing Canadians with a wide, growing and successful range of products and services to meet their everyday household demands. We are known for the quality, innovation and value of our food offering. We offer Canada's strongest control label program, including the unique President's Choice, no name and Joe Fresh brands. In addition, we provide customers with President's Choice Financial services and offer the PC points loyalty program. With more than 1,000 corporate and franchised stores from coast to coast, Loblaw and its franchisees employ more than 134,000 full-time and part-time employees. This makes us one of Canada’s largest private-sector employers. We are committed to being socially responsible by respecting the environment, sourcing with integrity, making a positive difference in our community, reflecting our nation’s diversity and being a great place to work.

Best Buy Co., Inc. (NYSE: BBY) is the global leader in consumer electronics, with more than 1,400 large and small-format locations, more than 160,000 employees, $50B in annual revenue and the 11th largest retail website in the United States. Our “Blue Shirt” sales associates and Geek Squad agents are the authority on consumer electronics, delivering unbiased, knowledgeable advice hundreds of millions of times a year and offering unmatched support for the lifetime of the products we sell. Shop our competitively priced products and services at http://www.bestbuy.com/ or stop by one of our Best Buy or Best Buy Mobile stores to touch, test and try the latest technology. Since its inception in 1966, Best Buy Co., Inc. (NYSE:BBY) has grown steadily and enhanced its business through inspired innovations. We’re continually transforming into a dynamic, customer-driven, talent-powered company that focuses on enhancing our customers’ enjoyment of technology. Like many companies, we come from humble beginnings. We’ve been challenged signi?cantly from time to time and we’ve learned, changed and grown from each of these challenges. Today, Best Buy operates a global portfolio of brands with a commitment to growth and innovation. Our employees strive to provide customers around the world with superior experiences by responding to their unique needs and aspirations. This commitment to growth and customers has driven strong, consistent earnings growth. Retail is a business that requires constant innovation, new ideas, new ways to delight our customers and new ways to work together. To meet the unique product and service needs of our customers, our stores and operating models are being transformed to shift our focus from product-centric to customer-centric ? a move that poises Best Buy to truly offer the entertainment and technology solutions that meet our customers’ needs, end-to- end.

The TJX Cos., Inc. engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX Europe. The Marmaxx segment sells family apparel including footwear and accessories; and home fashions including home basics, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, and other merchandise. The HomeGoods segment offers home basics, giftware, accent furniture, lamps, rugs, wall décor, and decorative accessories. The TJX Canada segment operates the Winners, Marshalls, and HomeSense chains in Canada. The TJX Europe segment operates T.K. Maxx and HomeSense chains in Europe. The company was founded by Stanley Harris Feldberg and Sumner L. Feldberg in 1956 and is headquartered in Framingham, MA.

Key Stats and Financials As of 2017
Market Capitalization
$7.74B
Total Enterprise Value
$13.8B
Earnings Per Share
$2.18
Revenue
$1.22B
Enterprise Value Sales
11.33x
TEVNet Income
19.31x
Debt TEV
0.43x
Total Debt
$5.92B
Total Equity
$8.04B
Net Profit
$715M
EBITDAMargin
60.38%
Enterprise Value EBITDAOperating
18.76x
EBITDA
$737M
Three Year Compounded Annual Growth Rate Of Revenue
-0.36%
Five Year Compounded Annual Growth Rate Of Revenue
1.58%
Non-Profit Donations & Grants