Topic: How To Invest

CANADIAN REIT $28.80 – Toronto symbol REF.UN

CANADIAN REIT $28.80 (Toronto symbol REF.UN; Units outstanding: 66.5 million; Market cap: $1.9 billion; SI Rating: Extra Risk; Dividend yield: 4.9%) owns over 158 properties. Its holdings include retail, industrial and office buildings located across Canada, and in the Chicago area. Canadian REIT’s occupancy rate is 95.6%.

In the three months ended March 31, 2010, Canadian REIT’s revenue was $85.2 million. That’s up 1.5% from $83.9 million a year earlier. Cash flow per unit rose 1.8%, to $0.56 from $0.55.

The trust raised its monthly distribution by 2.2%, to $0.1175 from $0.1150, with the June payment. This is the ninth consecutive year that the REIT has raised its distribution. The units now yield 4.9%.

Canadian REIT is still a buy.

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