Both are thriving in post-pandemic markets

Loblaw is ready to thrive in a post-COVID-19 environment. Many of its customers who opted for home delivery (or in-store pickup) during pandemic lockdowns are sticking with that value-added service. The company’s improvements to its loyalty programs should also drive additional spending per visit, both… Read More

New properties boost cash flow

ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $32 is a buy. The REIT (Toronto symbol AP.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 128.0 million; Market cap: $4.1 billion; Distribution yield: 5.5%; Dividend Sustainability Rating: Above Average; www.alliedreit.com) owns 200 office buildings and 13 properties under development, mainly in… Read More

Get a 5.3% yield from Allied Properties REIT

Get a 5.3% yield from Allied Properties REIT

The re-opening of offices as COVID-19 restrictions eased helped boost the occupancy levels—and cash flow—of this REIT. That should also allow it to maintain its current distributions.

The stock trades at 15.4 times the company’s 2022 cash flow forecast.

ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST (Toronto symbol… Read More

Top REITs for income and future growth

RioCan and Choice Properties continue to build new residential, office and industrial properties to cut their exposure to the retail industry. Their new properties—along with store reopenings as the pandemic has eased—should help both REITs raise investor distributions in the next few years. All in… Read More

Loblaw adds a big facility

LOBLAW COMPANIES, $114.01, is a buy. The company (Toronto symbol L; Shares outstanding: 328.1 million; Market cap: $37.5 billion; TSINetwork Rating: Above Average; Dividend yield: 1.4%; www.loblaw.ca) is Canada’s largest food retailer, with 1,096 supermarkets. It also owns the Shoppers Drug Mart chain of 1,346 drugstores across Canada.
The retailer… Read More

Updates on your Conservative stocks: Great-West Lifeco, Loblaw, & Teck Resources

GREAT-WEST LIFECO INC. $33 (www.greatwestlifeco.com) is a hold. The company is Canada’s second-largest life insurer, after Manulife Financial. Canada’s banking regulator—the Office of the Superintendent of Financial Institutions—has lifted the restrictions on capital distributions placed on banks and insurers due to COVID-19 uncertainty. As a result, Great-West now… Read More

This ETF holds top REITs

ISHARES S&P/TSX REIT INDEX ETF, $18.83, is a hold. The ETF (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) lets investors tap all 19 Canadian real estate investment trusts in the S&P/TSX REIT Index. Investors pay an MER of 0.61%, and the fund gives you a 3.3% yield.
The… Read More

These office REITs provide dependable income

The re-opening of offices as COVID-19 restrictions eased helped boost the occupancy levels—and cash flow—of these two REITs. That should also let them maintain their current distributions.
ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $38 is a buy. The REIT (Toronto symbol AP.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector;… Read More