RioCan REIT Reports Record Q2 2024 Leasing Results

Record Leasing Achievements

RioCan Real Estate Investment Trust (REIT) has achieved remarkable results in the second quarter of 2024, boasting a committed occupancy rate of 98.3%. This indicates that nearly all available spaces are rented out, which is a key performance indicator for real estate companies. The leasing spread on new deals reached a record 52.5%, showing the company can charge higher rents for newly leased spaces compared to the previous rates.