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RioCan reports a strong profit of $125.6M, reversing losses, with high occupancy driving growth.
RioCan Real Estate Investment Trust reported a strong fourth-quarter profit of $125.6 million, reversing a $117.7 million loss from the previous year.
The improvement is largely due to a smaller reduction in property values and record-high occupancy rates of 98.7%.
RioCan also boosted its monthly distribution to unitholders by 4.3%, reflecting its improved financial health.
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RioCan reporta un fuerte beneficio de $125.6M, revirtiendo pérdidas, con un alto crecimiento de la ocupación.