Toronto-Rocan Real Estate Investment Trust also extended the advantage of the second quarter, while it deal with the collapse of Hudson’s Bay Department Store series.
Toronto -based RIOCAN reported a net income of 49 cents per unit for the period ending June 30 with a benefit of 41 cents per unit for the same quarter last year.
The quarter covered a period when a joint venture of Rocan with Hudson’s Gulf entered the receiversship.
Rion indirectly has an interest of 22 percent in 10 properties where the Gulf was a tenant.
During the quarter, the operations of the reocage from operation reached 47 cents per thin unit, which was above 43 cents a year ago.
It states that 1.3 million square feet were leased in the second quarter, including renovation of 1.2 million square feet.
This report of Canadian Press was first published on August 8, 2025.
Companies in this story: (TSX: Rei.un)
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