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)

650

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.

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Executives & Employees

Chief Executive Officer

President, Chief Operating Officer & Secretary

Senior Vice President & Chief Financial Officer

Senior Vice President, General Counsel & Corporate Secretary

Regional Director of Operations, Western Canada

Senior Vice President-Operations

Senior Vice President, Investments & Residential

Senior Vice President, Leasing & Tenant Coordination

Senior Vice President

Senior Vice President, Developments

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Board of Directors

Former Chief Financial Officer & Executive Vice President at Bell Canada, Inc.

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Owners & Shareholders
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CIBC Asset Management (CIBC AM) dedicates extensive resources to their global asset allocation and currency management capabilities. The firm's investment products range from traditional balanced mandates to sophisticated solutions including global asset mix overlay management, currency overlay and country overlay. Their primary strategies include International Equity, Canadian Fixed Income and Currency Management.CIBC AM's International Equity strategy is designed to provide long-term returns through capital appreciation by investing in a diversified portfolio of equity securities of foreign companies in Europe, the Far East and the Pacific Basin. Their investment process focuses on bottom-up security selection. They seek to invest in companies that are global or regional leaders in their industries and whose earnings growth rate is consistently faster than that of the global economy. The strategy may use derivatives such as options, futures, forward contracts, swaps and other instruments for hedging and non-hedging purposes to provide exposure to securities, indices or currencies without investing in them directly. Derivatives may also be used to manage risk. In addition, the portfolios may invest in index participation units and other similar instruments.The firm's Canadian Fixed Income strategy seeks to generate income while preserving capital by investing primarily in bonds, debentures and other debt instruments of Canadian governments and corporations. The strategy may invest in securities of foreign issuers where allowed. Portfolio construction is based on fundamental macroeconomic research utilizing top down strategies such as duration, sector allocation and yield curve positioning. CIBC AM's security selection strategy relies on a variety of valuation techniques to identify attractively priced securities.CIBC AM offers both passive and active currency management. Their passive currency management strategies is designed to hedge some or all of the foreign currency exposure back to a base currency, with the intent of protecting against the impact of currency fluctuations in the foreign holdings of a portfolio. In contrast, their active currency management strategies are designed to manage a portfolio's currency exposure with the objective of generating incremental value or to protect the investor from foreign currency fluctuations.

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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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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

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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

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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

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

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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.

Lowe's Cos., Inc. engages in the retail sale of home improvement products. It offers products for maintenance, repair, remodeling, home decorating, and property maintenance. The company also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows, and doors. Lowe's was founded in 1946 and is headquartered in Mooresville, NC.

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.

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Key Stats and Financials As of 2017
Market Capitalization
$7.83B
Total Enterprise Value
$13.8B
Earnings Per Share
$2.18
Revenue
$1.22B
Net Profit
$715M
EBITDA
$737M
EBITDAMargin
60.38%
Total Debt
$5.92B
Total Equity
$8.04B
Enterprise Value Sales
11.33x
Enterprise Value EBITDAOperating
18.76x
TEVNet Income
19.31x
Debt TEV
0.43x
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Non-Profit Donations & Grants
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