RioCan Real Estate Investment Trust Announces Date of First Quarter 2012 Earnings Release, Conference Call and Webcast

TORONTO, ONTARIO--(Marketwire - April 9, 2012) - RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced that it is scheduled to release its financial results for the three months ended March 31, 2012 prior to the market open on Thursday, May 3, 2012.

Interested parties are invited to participate in a conference call with management on Thursday, May 3, 2012 at 10:30 a.m. eastern time. You will be required to identify yourself and the organization on whose behalf you are participating.

In order to participate, please dial 416-340-8527 or 1-888-340-9655. If you cannot participate in the live mode, a replay will be available until June 1, 2012. To access the replay, please dial 905-694-9451 or 1-800-408-3053 and enter passcode 4480535#.

Scheduled speakers include Edward Sonshine, O.Ont., Q.C., Chief Executive Officer, Fred Waks, President and Chief Operating Officer and Rags Davloor, Executive Vice President and Chief Financial Officer. Management's presentation will be followed by a question and answer period. To ask a question, press "star 1" on a touch-tone phone. The conference call operator will be notified of all requests in the order in which they are made, and will introduce each questioner.

Alternatively, to access the simultaneous webcast, go to the following link on RioCan's website http://investor.riocan.com/Investor-Relations/Events-Webcasts/default.aspx and click on the link for the webcast. The webcast will be archived 24 hours after the end of the conference call and can be accessed for 120 days.

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.