RioCan's Retail-Focused Strategy Delivers Strong First Quarter Results - Record 25.8% Blended Leasing Spreads, 4.7% Commercial Same Property NOI Growth and Continued Monetization of RioCan Living

TORONTO--(BUSINESS WIRE)--RioCan Real Estate Investment Trust (“RioCan" or the "Trust”) (TSX: REI.UN) announced today its financial and operating results for the three months ended March 31, 2026, demonstrating continued momentum across leasing, Commercial Same Property NOI growth1 and its capital recycling initiatives, consistent with the strategy and financial framework outlined at its Investor Day. Blended leasing spreads were a record 25.8% in the First Quarter, driven by new leasing spread.