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.

Executives & Employees

Chief Executive 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

Vice President-Marketing & Communications

Board of Directors

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

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Owners & Shareholders
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CI Investments (CI) offers an array of mutual funds, including over 90 core funds. These funds include an array of portfolio managers who cover the full spectrum of investment styles and strategies focusing on various regions, asset classes and industries. CI also offers CI Corporate Class and T-Class. The T-Class seeks to provide predictable tax-deferred cash flows without sacrificing choice of investments. These funds include income, balanced, equity or managed solutions. The CI Corporate Class is suitable for clients investing outside of a registered plan and is designed to reduce tax liability. It also allows clients to draw tax-efficient cash flow from their investments through T-Class funds.CI's G520 Series funds are guaranteed to distribute annual cash flow amounting to 5% of the guaranteed asset value of the investment for 20 years while maintaining equity exposure for growth potential. The G520 Series combines underlying funds managed by CI's portfolio managers with a risk management overlay to provide guaranteed cash flow for retirement.CI's segregated funds combine the advantages of mutual funds with the security of insurance. The policies for CI's segregated funds are issued by two insurance companies: Sun Life Assurance Co. of Canada and ivari. The funds cover all asset classes and investment styles and may be managed internally or by third party managers.CI offers managed account investment solutions based on strategic asset allocation. The Portfolio Series is designed to meet a variety of investor profiles, from income to maximum growth. Portfolios invest in a mix of CI mutual funds and are diversified by asset class, region and sector. CI's Portfolio Select Series offers a selection of model portfolios based on strategic asset allocation and are customized to meet each client's objectives. The Portfolio Select Series also uses the CI Corporate Class platform, allowing for true tax efficiency.In addition, CI offers access to alternative investments including deposit notes, labor-sponsored funds, hedge funds, closed-end funds and limited partnerships. These investments may have a negative correlation to traditional investments and are useful in providing additional diversification and risk management.

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Highstreet Asset Management believes that stock market success can be achieved by consistently applying a disciplined, quantitative approach to investing. The firm employs a GVQ+RTM philosophy focusing on strong growth, value, quality and risk attributes. Using a proprietary portfolio management system, Highstreet screens and ranks the universe of stocks and the portfolio holdings according to their GVQ+RTM characteristics. A rigorous buy and sell discipline ensures that the GVQ+RTM criteria for a strong investment and risk profile is maintained. While the process is mostly quantitative, Highstreet supplements the data provided by the models with research and ongoing fundamental analysis.The Harmony Canadian Equity Pool seeks to provide long-term capital growth. It invests primarily in marketable equity securities of Canadian issuers. The pool takes a multi-manager investment approach combining active portfolio management with a tactical overlay to enhance the potential for increased risk-adjusted return.

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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
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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
$7.39B
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