REIT stands for real estate investment trust. REITs typically own income producing real estate, and flow most of their earnings through to unitholders. REITs are usually publicly traded, and investors like REITs because they generally have high yields. That’s because they flow at least 90% of their taxable income through to their unitholders.
A REIT company owns real estate and produces income from it. This includes shopping malls, office buildings, hotels and so on. They may also manage real estate for third parties, such as providing property management for condominiums or apartments.
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 operate by the rules of exchanges, and require no less than 100 shareholders, and must have more than 50 shareholders.
Like anything in real estate, hidden risks often come dressed up as “investor benefits.” For example, “small town” may sound like a benefit, but small towns often depend on at most a handful of employers. If one of the town’s main employers reduces its operations or shuts down, tenants leave town. As populations shrink, the town’s rental accommodation vacancy rate can go up and stay high indefinitely. Small-town real estate has to provide above-average returns in good times to offset the higher risk of loss when the market turns downward.
If you’re looking to invest in REITs, please keep TSI Network’s three-part Successful Investor philosophy in mind:
Discover how to put an extra strength in your portfolio with our specific advice on how to identify high-quality dividend stocks. It’s all in our newly updated report, Dividend Paying Stocks: How High Dividend Stocks Can Supercharge Your Income Investing. And it’s yours FREE!
ITT INC., $135.04, symbol ITT on New York, manufactures highly engineered critical components and customized technology solutions primarily for the transportation, industrial and energy markets. It operates in three primary segments: Motion Technologies (44% of revenue), Industrial Process (34%), and Connect & Control Technologies (22%).
Geographically,… Read More
METRO INC., $83.91, Toronto symbol MRU, remains a buy.
The company operates 992 grocery stores and 640 drugstores, in Quebec, Ontario and New Brunswick.
In the fiscal 2024 third quarter, ended July 6, 2024, overall sales rose 3.5%, to $6.65 billion from $6.43 billion a year earlier… Read More
Despite the large number of ETFs already on the market, Canadian managers continue to launch new funds. This month we highlight an ETF from CI Investments that selects high-quality, dividend-paying U.S. companies. The second ETF comes from Hamilton Capital Partners. It invests in North American… Read More
Loblaw’s shares have jumped 40% in the past year; they, in fact, hit a new all-time high of $171.99 on July 24, 2024.
The big gain is partly due to the 2018 transfer of the company’s real estate business to its parent company. That left it… Read More
CANADIAN PACIFIC KANSAS CITY, $115.78, is a buy. The company (Toronto symbol CP; shares outstanding: 932.7 million; Market cap: $106.1 billion; Rating: Above Average; Dividend yield: 0.7%) ships freight over a 32,190-kilometre rail network. That line runs mainly between Montreal and Vancouver, with links to hubs in the U.S…. Read More
H&R REIT, $9.61, is a buy. Through your units in this REIT (Toronto symbol HR.UN; Units outstanding: 262.0 million; Market cap: $2.6 billion; TSINetwork Rating: Average; Dividend yield: 6.2%; www.hr-reit.com) you tap income from 382 residential, industrial, office and retail properties in Canada and the U.S. The trust’s… Read More
Here are two of our top safety-conscious recommendations. Both have growth ahead. Look for that to spur their share prices and your returns.
BCE INC., $46.57, is a buy. The company (Toronto symbol BCE; Shares outstanding: 912.3 million; Market cap: $42.4 billion; TSINetwork Rating: Above Average; Dividend yield:… Read More
CHOICE PROPERTIES REAL ESTATE INVESTMENT TRUST, $14.21, is a top pick for 2024.
Choice is Canada’s biggest REIT, with 702 retail, industrial and residential properties totalling 65.9 million square feet of gross leasable area. Its occupancy rate is a high 98.0%. George Weston Ltd. (Toronto symbol WN)… Read More
When investing in retail-focused REITs, investors should pay close attention to the quality of their properties as well as their tenants—both directly affect their distributions. Here are two REITs to count on for steady monthly payments.
RIOCAN REAL ESTATE INVESTMENT TRUST $18 is a buy. The REIT (Toronto… Read More
BCE INC., $45.62, Toronto symbol BCE, is still a buy.
The company is Canada’s largest traditional telephone service provider. It has 1.98 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces. It also has 4.50 million high-speed Internet users and 2.08 million fibre-optic TV… 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.
How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger.
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