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:
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The evolution of the hybrid work model continues to present significant uncertainty for the future of office properties like those owned by Dream Office REIT. However, the trend appears to be here for the long term.
We feel the firm’s quality properties should continue to attract… Read More
The work continues for these two REITs as they unload their less-promising properties to focus on their main assets. That sets them up for future gains and lets them maintain their current payouts.
ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $17 is a buy. The REIT (Toronto symbol AP.UN;… Read More
3M COMPANY, $105.26, New York symbol MMM, is still a buy for long-term gains.
The company makes over 55,000 consumer and industrial goods. Its main brands include Post-it notes, Scotch tape, Scotch-Brite cleaning products, Scotchguard protection and Thinsulate insulation.
On April 1, 2024, 3M completed its plan to… Read More
CANADIAN TIRE CORP., $144.07, Toronto symbol CTC.A, is a buy.
Investors benefit from the company’s 502 Canadian Tire stores. They sell automotive parts and services, and household and sporting goods; franchisees run most of the locations. The company’s other operations also enrich its outlook. They include… Read More
Look for Canadian REITs that meet these 9 key criteria
Top-quality Canadian REITs are among the most stable and highest-yielding real estate investments–even despite the market changes ushered in because of the pandemic. That’s because many REITs hold high-quality, non-depleting assets, and have taken advantage of… Read More
ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST, $16.91, is a buy. The REIT (Toronto symbol AP.UN; Units outstanding: 128.0 million; Market cap: $2.4 billion; TSINetwork Rating: Average; Dividend yield: 10.6%; www.alliedreit.com) owns 201 office buildings and nine properties under development, mainly in major Canadian cities. Its occupancy rate is… Read More
These two REITs focus mainly on retail shopping malls, which adds risk. However, their high-quality properties continue to attract new tenants and help retain existing ones. As a result, both REITs recently raised their distributions.
RIOCAN REAL ESTATE INVESTMENT TRUST $18 is a buy. The REIT (Toronto symbol… Read More
AUTOMOTIVE PROPERTIES REIT $10 (Toronto symbol APR.UN; Units outstanding: 39.7 million; Market cap: $397.0 million; Dividend yield: 8.0%; www.automotivereit.ca) is a real estate investment trust that owns 77 commercial properties across cities in Ontario, Saskatchewan, Manitoba, Alberta, B.C. and Quebec.
The REIT’s properties offer 2.9 million square feet… Read More
In May 2018, Choice Properties REIT acquired Canadian REIT (old symbol REF.UN) for $1.85 billion in cash and 182.8 million units. The merger helped diversify its operations with 209 industrial and office properties.
Choice has since sold its office properties to focus on retail stores and… Read More
PROCTER & GAMBLE CO., $155.33, New York symbol PG, is a buy.
The company is one of the world’s largest makers of household and personal-care goods. Major brands include Tide (laundry detergent), Pampers (diapers), Gillette (razors), Crest (toothpaste) and Vicks (cold remedies).
Procter will now raise your quarterly… Read More
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The Best Canadian Dividend Stocks to Buy: REITS Canada and other Top Canadian Dividend Stocks.
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What personal information do we collect?
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