TORONTO – RioCan Real Estate Investment Trust reported a fourth-quarter profit of $128.2 million.
The result was up from $125.6 million in net income in the same period a year earlier.
RioCan says the profit worked out to 43 cents per unit, up from 42 cents the previous year.
Revenue reached $347.9 million during the period ended Dec. 31, down year-over-year from $357.6 million.
RioCan CEO Jonathan Gitlin says the company is entering 2026 with momentum due to intensifying demand from leading retailers amid a broader market shortage of well-located retail space.
Funds from operations per unit were unchanged from last year at 45 cents.
This report by The Canadian Press was first published Feb. 17, 2026.
Companies in this story: (TSX:REI.UN)
