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

RioCan’s new strategy is paying off

RioCan’s plan to narrow its focus to major urban areas and to diversify into residential properties helped it weather the COVID-19 lockdowns. The trust’s recent distribution increase is another sign its strategy is working.
RIOCAN REAL ESTATE INVESTMENT TRUST $25 is a buy. The REIT (Toronto symbol REI.UN;… Read More

RioCan raises its payout

RIOCAN REAL ESTATE INVESTMENT TRUST, $25.23, is a buy. The REIT (Toronto symbol REI.UN; Units o/s: 309.8 million; Market cap: $7.8 billion; TSINetwork Rating: Average; Yield: 4.0%; www.riocan.com) continues to benefit from the re-opening of malls and restaurants. It collected 96.8% of its rents in the 2021 fourth-quarter,… Read More