Top REITs for income and future growth

RioCan and Choice Properties continue to build new residential, office and industrial properties to cut their exposure to the retail industry. Their new properties—along with store reopenings as the pandemic has eased—should help both REITs raise investor distributions in the next few years. All in… Read More

This ETF holds top REITs

ISHARES S&P/TSX REIT INDEX ETF, $18.83, is a hold. The ETF (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) lets investors tap all 19 Canadian real estate investment trusts in the S&P/TSX REIT Index. Investors pay an MER of 0.61%, and the fund gives you a 3.3% yield.
The… Read More

Get a 4.1% yield from RioCan REIT

Get a 4.1% yield from RioCan REIT

This REIT’s plan to narrow its focus to major urban areas and to diversify into residential properties helped it weather COVID-19 lockdowns. The trust’s recent distribution increase is another sign its strategy is working.

The stock trades at 14.6 times the company’s 2022 cash flow forecast.

RIOCAN… Read More

Let our updates keep you on track

CHOICE PROPERTIES REIT, $15.49, is a buy. The trust (Toronto symbol CHP.UN; Units outstanding: 723.4 million; Market cap: $11.3 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.8%; www.choicereit.ca) recently agreed to sell six office properties (3 in Toronto, 2 in Vancouver, and 1 in Montreal).
The buyer is ALLIED PROPERTIES REAL… Read More

Let our updates keep you on track

TC ENERGY INC., $59.84, is a buy. The company (Toronto symbol TRP; Shares outstanding: 981.0 million; Market cap: $58.6 billion; TSINetwork Rating: Above Average; Dividend yield: 5.8%; www.tcenergy.com.) has formally launched a complaint under the U.S.-Mexico-Canada trade agreement over the U.S. government’s cancellation of its proposed Keystone XL… Read More

Hold this top REIT ETF

ISHARES S&P/TSX REIT INDEX ETF, $19.63, is a hold. The ETF (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) lets investors tap all 19 Canadian real estate investment trusts in the S&P/TSX REIT Index. Investors pay an MER of 0.61%, and the REIT fund gives you a 2.8%… 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

RioCan bounces back

RIOCAN REAL ESTATE INVESTMENT TRUST, $22.48, is a buy. The REIT (Toronto symbol REI.UN; Units o/s: 317.7 million; Market cap: $7.1 billion; TSINetwork Rating: Average; Dividend yield: 4.3%; www.riocan.com) continues to rebound as its shopping malls re-open.
In the quarter ended June 30, 2021, revenue rose… Read More