RioCan lifts NOI guidance and RioCan stock trades at EUR 12.76

Published on 10/08/2026 at 15:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RioCan stock costs EUR 12.76 on October 8, 2026 after EUR 12.77, down 0.08 percent. Occupancy reached 98.80 percent.

REI.UN, CA7669101031, Illustration mit AI erstellt.

RioCan Real Estate Investment Trust (ISIN CA7669101031) raised its 2026 commercial same-property net operating income guidance to 4.00 percent to 4.50 percent on October 8, 2026, while RioCan stock was at EUR 12.76 at Lang & Schwarz. As Benzinga reported on October 8, retail occupancy reached 98.80 percent and commercial same-property NOI grew 4.30 percent in the second quarter.

Three milestones shape RioCan

On August 4, 2026, RioCan reported second-quarter revenue of CAD 304.36 million and diluted earnings per unit of CAD 0.52, according to MarketBeat. The revenue figure exceeded the CAD 296.12 million reported for the prior quarter, while net income rose from CAD 93.16 million to CAD 151.24 million.

On September 30, 2026, RioCan announced that Dennis Blasutti would resume his chief financial officer duties on October 1. The Business Wire release said the portfolio comprised 164 properties and approximately 31 million square feet as of June 30, 2026.

On October 8, RioCan highlighted a 23.10 percent blended leasing spread and said it had sold CAD 1.26 billion of RioCan Living assets, effectively reaching its CAD 1.30 billion capital repatriation target. The higher NOI guidance therefore rests on leasing performance and capital recycling, while core funds from operations guidance remained CAD 1.60 to CAD 1.62 per unit.

What does 98.80 percent occupancy mean?

The occupancy rate leaves leasing spreads as the clearest operating growth lever. RioCan said commercial same-property NOI growth of 4.30 percent marked the fourth consecutive quarter at or above 4.00 percent, and new leasing spreads reached 40.80 percent while renewal spreads reached 20.70 percent.

The company also invested CAD 44 million in retail infill and asset enhancement projects in the first half of 2026 and expects approximately CAD 100 million of such investment for the full year, according to Benzinga. Raymond James took a more measured view on October 2, cutting its target from CAD 25.00 to CAD 23.50 while keeping an Outperform rating, as reported by Markets Insider.

Next dates for RioCan

Business Wire said RioCan will release third-quarter and nine-month results after the market closes on November 2, 2026, followed by a conference call on November 3, 2026, at 10:00 a.m. Eastern time.

RioCan stock remains near EUR 13

RioCan stock was trading at EUR 12.76 at Lang & Schwarz on October 8, 2026 at 3:39 p.m. CEST, down 0.08 percent versus the Lang & Schwarz prior close of EUR 12.77 on October 7, 2026. The market capitalization was CAD 5.9 billion as of October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of RioCan stock.