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RioCan Raises Distribution Amid Strong Demand for Retail Space

Toronto-Based REIT Also Takes Quarterly Loss, Reduces Construction Spending
RioCan REIT has its head office in Toronto. (CoStar)
RioCan REIT has its head office in Toronto. (CoStar)
CoStar News
February 15, 2024 | 11:24 P.M.

Canada's oldest real estate investment trust hiked its dividend 2.8% as Toronto-based RioCan envisions strong growth in the retail sector.

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