TORONTO, ONTARIO--(Marketwired - Dec. 15, 2015) - RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced a distribution of 11.75 cents per unit for the month of December. The distribution will be payable on January 8, 2016 to unitholders of record as at December 31, 2015.

About RioCan

RioCan is Canada's largest real estate investment trust with a total enterprise value of approximately $15.1 bill1ion as at September 30, 2015. It owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 354 retail properties containing approximately 78 million square feet, including 49 retail properties containing 13 million square feet in the United States as at September 30, 2015. RioCan's portfolio also includes 16 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
Christian Green
Director, Investor Relations & Compliance
416-864-6483
www.riocan.com