RioCan Reports 14% Rise In Q3 FFO

RioCan Real Estate Investment Trust

reported a 14% surge in its third-quarter funds from operations. RioCan's quarterly FFO surged to C$97 million, or 37 Canadian cents per unit, from C$85 million, or 35 Canadian cents per unit, in the year-ago period. Its net income surged by C$112 million to C$168 million. RioCan shares closed at $24.66 on Friday.