Spinoffs & Takeovers Hotline – Friday, June 10, 2022

JAMIESON WELLNESS INC., $36.12, symbol JWEL on Toronto, produces health and wellness products under several brands including Jamieson Vitamins, Iron Vegan, Progressive, Precision, and Smart Solutions. Established in 1922, the company’s products are distributed to over 10,000 retail locations across Canada. They’re also sold online… Read More

Primaris REIT: New buy

PRIMARIS REIT, $14.56, is a buy. The trust (Toronto symbol PMZ.UN; units o/s: 101.4 million; Market cap: $1.5 billion; TSINetwork Rating: Average; Yield: 5.5%; www.primarisreit.com) owns 35 enclosed and open air shopping malls in Canada. The occupancy rate is 89.1%.
In January 2022, unitholders of H&R REIT (see left)… Read More

This new retail REIT is attractive

PRIMARIS REAL ESTATE INVESTMENT TRUST $15 is a buy. The REIT (Toronto symbol PMZ.UN; Manufacturing sector; Units outstanding: 98.3 million; Market cap: $1.5 billion; Distribution yield: 5.3%; Takeover Target Rating: Medium; www.primarisreit.com) owns 35 enclosed and open-air shopping malls in Canada. The occupancy rate is 89.1%.
H&R REIT (Toronto symbol… Read More

Investors will benefit from their narrower focus

H&R and Choice Properties continue to shed their less-important holdings. Focusing on their top properties helps supports their current distributions, and sets the stage for future increases.
H&R REAL ESTATE INVESTMENT TRUST $13 is a top pick for 2022. The REIT (Toronto symbol HR.UN; Cyclical-Growth Dividend Payer Portfolio,… Read More

Get a 4% yield from H&R REIT Investment Trust

Get a 4% yield from H&R REIT Investment Trust

This REIT continues to build new residential and industrial properties to cut its exposure to the retail industry. Its new properties—along with store re-openings as the pandemic eases—should help the REIT raise investor distributions in the next few years.

All in all, the trust remains… Read More

2022 Stocks of the Year for income

For 2022, we’ve once again selected three top picks for dividend-seeking investors. All three provide you with sustainable, above-average yields. What’s more, we expect they will continue to raise their payments for many years to come.
ALGONQUIN POWER & UTILITIES CORP. $17 is a top pick… Read More

These top REITs are poised for a rebound

RioCan and H&R continue to build new residential and industrial properties to cut their exposure to the retail industry. Their new properties—along with store reopenings as the pandemic eases—should help both REITs raise investor distributions in the next few years. All in all, each trust… Read More