Brief: Riocan Announces Second Quarter Results For 2020

RioCan Real Estate Investment Trust

29/07/2020 12:44

July 29 (Reuters) - RioCan Real Estate Investment Trust
 REI_u.TO :
    * RIOCAN ANNOUNCES SECOND QUARTER RESULTS FOR 2020
    * FFO PER UNIT FOR THE SECOND QUARTER WAS $0.35, A DECREASE
OF
$0.11 OR 24.0% FROM Q1 2020
    * SAME PROPERTY NOI FOR Q2 DECREASED BY 10.8% OR $16.9
MILLION FOR
THE OVERALL COMMERCIAL PORTFOLIO
    * EXPECTS 2020 TO BE IMPACTED NEGATIVELY BY PANDEMIC &
ESTIMATES
FFO PER UNIT TO BE IN  $1.60 RANGE FOR 2020
    * Q2 FFO PER SHARE VIEW C$0.38 -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNXFBTqN 
Further company coverage:  REI_U.TO 

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