A real estate investment trust or REIT is a type of income trust—an investment trust that holds income-producing assets. Their units trade on stock exchanges, but they flow much of their income through to unitholders as “distributions.”
REITs were first set up like mutual funds for real estate, created by the U.S. Congress in 1960. They’re usually publicly traded, and investors like REITs because REITS have a high dividend yield, based on at least 90% of their taxable income.
Canadian REITs must be a corporation that’s taxable, and follow all the rules of being a corporation. They must invest 75% or more of their total assets in real estate and make at least 75% of their gross income from their properties, including rent, financing and sales. Like most stocks that are publicly traded, they live by the rules of exchanges, and require no less than 100 shareholders.
Real estate investment trusts can be lower risk, because they invest in income-producing real estate such as office towers, shopping malls or hotels. Even so, real estate still has risks—its value rises and falls with changes in the economy, interest rates and occupancy levels. Investing in other types of income trusts can be risky as well, as the businesses that underpin them may have steady cash flow, but could stagnate as the economy changes.
Still, REITs are popular among investors seeking income. For you overall portfolio, follow TSI Network and use our three-part Successful Investor strategy:
Discover our complete guide to Canadian wealth management and making the most out of your savings. It’s all in our newly updated report, Wealth Management & Retirement Planning: Canada RRSP Contribution Limit, RRSP Interest Rates, TFSA Contribution Limit and More. And it’s yours FREE!
Here’s what we think about real estate investing in Canada — and it may surprise you
We’re constantly asked about real estate investment in Canada (or investment in Florida real estate, for that matter), and we understand the appeal. Even though today’s house prices still remain… Read More
Canadian REITs are a good option for those wanting real estate representation in their portfolio
If you want to add to your real estate holdings, one good way to do it is through the best Canadian REITs.
Investing in Canadian REITs lets you hold income-producing real estate… Read More
REIT investing: Real estate investment trusts (including Canadian REITs) can provide you with a stable, profitable way of investing in real estate
Top-quality REITs, Canadian REITs among them, are among the most stable and highest-yielding real estate investments. That’s because many REITs hold high-quality, non-depleting assets,… Read More
H&R REAL ESTATE INVESTMENT TRUST $9.42 is a buy. The REIT (Toronto symbol HR.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 262.0 million; Market cap: $2.5 billion; Distribution yield: 6.4%; Dividend Sustainability Rating: Average; www.hr-reit.com) owns 377 residential, industrial, office and some retail properties in Canada and the U.S…. Read More
Demand for office space is rebounding as more companies unwind their work-from-home policies for employees. That should support the payouts of both these REITs.
ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $18, is a buy. The REIT (Toronto symbol AP.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 128.0… Read More
These two REITs continue to add quality properties to their portfolios. They also continue to renew expiring leases at higher rental rates. That extra cash flow should help them keep raising your distributions.
CHOICE PROPERTIES REIT $14 is a top pick for 2024. Canada’s biggest REIT (Toronto symbol… Read More
Leon’s Furniture continues to pay investors regular dividends with above-average yields. Its leading positions in a niche (but key) market continues to spur earnings, and that gives it more room to keep raising your dividend.
We’re highlighting this because dividend investors tend to avoid small cap… Read More
RIOCAN REAL ESTATE INVESTMENT TRUST $19 is a buy. The REIT (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 300.4 million; Market cap: $5.7 billion; Price-to-sales ratio: 4.9; Distribution yield: 5.8%; TSINetwork Rating: Average; www.riocan.com) owns all or part of 186 shopping centres and… Read More
RIOCAN REAL ESTATE INVESTMENT TRUST $20 is a buy. The REIT (Toronto symbol REI.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 300.5 million; Market cap: $6.0 billion; Distribution yield: 5.6%; Dividend Sustainability Rating: Above Average; www.riocan.com) owns all or part of 187 shopping centres and other properties across… Read More
H&R REAL ESTATE INVESTMENT TRUST $11 is a buy. The REIT (Toronto symbol HR.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 262.0 million; Market cap: $2.9 billion; Distribution yield: 5.5%; Dividend Sustainability Rating: Average; www.hr-reit.com) owns 379 residential, industrial, office and some retail properties in Canada and the… Read More
Learn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' FREE Special Report from The Successful Investor.
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