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. As of December 31, 2013, the Company's portfolio comprises 340 retail properties, including 16 under development. Its portfolio of 47 US grocery anchored and new format retail centres comprise 46 directly owned centres and 1 centre owned through a joint venture arrangement with Kimco Realty Corporation. As at December 31, 2013, it had ownership interests in a portfolio of 324 shopping centres comprising 71.2 million square feet.