RioCan earnings rise to $122.4 million in second quarter

A worker walks to a nearby cafe from RioCan's ePlace project, a commercial/residential development in Toronto, December 19, 2017.

TORONTO — President and CEO Jonathan Gitlin says the company saw “record-breaking leasing spreads” as it strategically selected tenants and achieved higher rents. With RioCan launching the Wellington Market at its downtown Toronto flagship development, The Well, Gitlin says the asset is delivering new income to strengthen the company’s balance sheet and bolster its growth trajectory.

The company says it’s done constructing the suites at FourFifty The Well, and more than three-quarters of the units are leased with rents in line with expectations. It says high foot traffic at the flagship property is exceeding expectations, especially after the official opening of Wellington Market during the quarter, and 97 per cent of the commercial space at The Well is leased.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

RioCan earnings rise to $122.4 million in second quarterTORONTO — RioCan Real Estate Investment Trust says its net income for the second quarter was $122.4 million, up from $112.0 million during the same quarter...
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

RioCan earnings rise to $122.4 million in second quarterTORONTO — RioCan Real Estate Investment Trust says its net income for the second quarter was $122.4 million, up from $112.0 million during the same quarter last year. RioCan says its revenues totalled $292.2 million, up from $276.
Fonte: SooToday - 🏆 8. / 85 Leggi di più »

Fraser Valley Real Estate Market 'Sluggish' Despite Rate CutsHoward is based in Burnaby and covers real estate, housing policy, and the development industry. Signal: HowardChai.24
Fonte: storeyspub - 🏆 16. / 74 Leggi di più »