TORONTO, ONTARIO--(Marketwire - Feb. 15, 2012) - RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced a distribution of 11.5 cents per unit for the month of February. The distribution will be payable on March 7, 2012 to unitholders of record as at February 29, 2012.

About RioCan

RioCan is Canada's largest real estate investment trust with a total capitalization of approximately $12.5 billion as at December 31, 2011. It owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 331 retail properties containing an aggregate of 79 million square feet, including 45 grocery anchored and new format retail centres containing 12 million square feet in the United States through various joint venture arrangements. RioCan's portfolio also includes 10 properties under development in Canada. For further information, please refer to RioCan's website at www.riocan.com

Contact Information:

RioCan Real Estate Investment Trust
Rags Davloor
Executive Vice President & CFO
(416) 642-3554