US EditionRioCan REIT Sees Profit Rise in Second Quarter Despite Hudson's Bay Strife
- RioCan Real Estate Investment Trust reported a net income of 49 cents per unit for the second quarter, up from 41 cents per unit a year earlier.
- Despite Hudson's Bay entering receivership, RioCan saw its funds from operations rise to 47 cents per diluted unit, compared to 43 cents last year.
- During the quarter, RioCan leased 1.3 million square feet, including 1.2 million square feet of renewals.
- RioCan indirectly holds a 22 percent interest in 10 properties where Hudson's Bay was a tenant.
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The Hamilton Spectator
The Hamilton SpectatorRioCan REIT sees profit rise in second quarter despite Hudson’s Bay strife
TORONTO - RioCan Real Estate Investment Trust's second-quarter profit edged upward even as it dealt with the fall of the Hudson's Bay department store chain.
·Waterloo, Canada
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Winnipeg Free Press+16 Reposted by 16 other sources
RioCan REIT sees profit rise in second quarter despite Hudson's Bay strife
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Despite Hudson's bay strong, Rion REIT sees an increase in profit in the second quarter
Toronto-Rocan Real Estate Investment Trust also extended the advantage of the second quarter, while it deal with the collapse of ... Read more The post Despite Hudson’s bay strong, Rion REIT sees an increase in profit in the second quarter appeared first on The Local Report.
Coverage Details
Total News Sources20
Leaning Left11Leaning Right1Center1Last UpdatedBias Distribution85% Left
Bias Distribution
- 85% of the sources lean Left
85% Left
L 85%
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