TORONTO, ONTARIO, Dec. 15, 2010 (Marketwire) -- RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced a distribution of 11.5 cents per unit for the month of December. The distribution will be payable on January 10, 2011 to unitholders of record as at December 31, 2010.
RioCan is Canada's largest real estate investment trust with a total capitalization of approximately $10.0 billion as at September 30, 2010. It owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 289 retail properties, including 11 under development, containing an aggregate of over 66 million square feet. RioCan owns an 80% interest in 28 grocery anchored and new format retail centres in the United States through various joint venture arrangements. In addition, RioCan owns a 14% equity interest in Cedar Shopping Centers, Inc., a real estate investment trust focused on supermarket-anchored shopping centres and drug store-anchored convenience centres located predominantly in the Northeastern United States. For further information, please refer to RioCan's website at www.riocan.com.
RioCan Real Estate Investment Trust
Senior Vice President & CFO