RioCan Real Estate Investment Trust Announces March 2025 Distribution

RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced a distribution of 9.65 cents per unit for the month of March. The distribution will be payable on April 7, 2025, to unitholders of record as at March 31, 2025.

About RioCan

RioCan is one of Canada’s largest real estate investment trusts. RioCan owns, manages and develops retail-focused, mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at December 31, 2024, our portfolio is comprised of 178 properties with an aggregate net leasable area of approximately 32 million square feet (at RioCan's interest). To learn more about us, please visit www.riocan.com.

Contacts

RioCan Real Estate Investment Trust

Dennis Blasutti

Chief Financial Officer

416-866-3033 | www.riocan.com

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