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For RioCan, Open-Air Mall Leasing Leads Way Back From Pandemic

REIT Expects More Capital As It Monetizes Property Value Gains
RioCan reported increased leasing at its storefront shopping centers such as Oakville Place in Oakville, Ontario. (CoStar)
RioCan reported increased leasing at its storefront shopping centers such as Oakville Place in Oakville, Ontario. (CoStar)
CoStar News
August 5, 2021 | 4:32 P.M.

RioCan, Canada’s oldest real estate investment trust, said it has weathered the COVID-19 pandemic with strong results in the second quarter, with its best performance coming from open-air malls compared to enclosed malls and office space.

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