RioCan Real Estate Investment (TSE:REI.UN) has released an update.
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RioCan Real Estate Investment Trust reports a robust second quarter with a record-high new leasing spread of 52.5% and an occupancy rate of 98.3% for retail properties, indicating strong demand and strategic tenant selection. Financially, the company announced an increase in net income to $122.4 million, despite a slight decrease in funds from operations per unit. The outlook for 2024 remains positive, with expected growth in Commercial Same Property NOI and controlled development spending.
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