Riocan REIT (REI) has notable insider buying

Riocan REIT (T:REI)

Qi Tang, CFO, acquired 5,500 Trust Units on an indirect ownership basis for registered holder Jointly Aifeng Zhang and Ziqiang Tang at a price of $23.800 through the public market on February 20th, 2018. This represents a $130,900 investment into the company's shares and an account share holdings change of greater than 100%.

RioCan Real Estate Investment Trust (RioCan) is a Canada-based unincorporated closed-end real estate investment trust. The Trust owns and manages Canada's portfolio of shopping centers with ownership interests in a portfolio of approximately 300 retail and mixed use properties, including approximately 15 properties under development, containing an aggregate net leasable area (NLA) of approximately 46,973,000 square feet. The Trusts property portfolio includes grocery anchored, new format retail, urban retail, mixed use and non-grocery anchored centers, of which approximately 255 properties are owned, which includes approximately 250 income properties and five properties under development and approximately 45 are co-owned through joint arrangements with co-owners including approximately 10 under development. The Trusts projects are categorized into urban/mixed use, renovation/backfill and greenfield/expansion.