Riocan Real Estate Investment Trust was formed on July 10, 1981. It is an unincorporated closed-end trust governed by the laws of the Province of Ontario and constituted pursuant to a Declaration of Trust. The Company's main business activities are owning, developing and operating shopping centres in Canada and the United States. The Company's portfolio comprises approximately 340 retail properties, including 15 under development. It also comprises of 47 directly owned centres and one centre owned through a joint operation with Kimco Realty Corporation.