Two REITs with rising distributions

H&R REIT $22.11 (Toronto symbol HR.UN; Units outstanding: 258.3 million; Market cap: $16.9 billion; TSINetwork Rating: Extra Risk; Dividend yield: 5.8%; www.hr-reit.com) owns stakes in 40 office buildings, 112 industrial properties and 163 shopping malls across Canada. The trust has a 99.0% occupancy rate. In… Read More

H&R makes a big purchase

H&R REIT $23.01 (Toronto symbol HR.UN; Units outstanding: 195.2 million; Market cap: $4.5 billion; TSINetwork Rating: Extra Risk; Dividend yield: 5.9%; www.hr-reit.com) reports that acquisitions pushed up its revenue by 29.3% in the three months ended December 31, 2012, to $230.5 million from $178.2 million… Read More

Primaris agrees to takeover

PRIMARIS RETAIL REIT $27.22 (Toronto symbol PMZ.UN; Units outstanding: 98.2 million; Market cap: $2.7 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.7%; www.primarisreit.com) has now agreed to a joint takeover bid from rivals H&R REIT $23.02 (Toronto symbol HR.UN; Units outstanding: 194.7 million; Market cap:… Read More

H&R bids for Primaris

PRIMARIS RETAIL REAL ESTATE INVESTMENT TRUST $27.02 (Toronto symbol PMZ.UN; Units outstanding: 97.8 million; Market cap: $2.6 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.7%; www.primarisreit.com) has received a friendly $28-a-share takeover bid. The offer is from H&R REAL ESTATE INVESTMENT TRUST $23.73 (Toronto symbol… Read More

H&R’s payout keeps rising

H&R REAL ESTATE INVESTMENT TRUST $24.13 (Toronto symbol HR.UN; Units outstanding: 187.3 million; Market cap: $4.4 billion; TSINetwork Rating: Extra Risk; Dividend yield: 5.2%; www.hr-reit.com) has increased its distribution for the 10th consecutive quarter. The REIT began raising its payout in early 2010 with the… Read More

H&R buys into Scotia Plaza

H&R REAL ESTATE INVESTMENT TRUST $24.16 (Toronto symbol HR.UN; Units outstanding: 181.0 million; Market cap: $4.4 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.8%; www.hr-reit.com) and Dundee REIT (Toronto symbol D.UN) have agreed to buy Scotia Plaza, a 68-storey office building in downtown Toronto, from… Read More