These top REITs offer you very high yields

Article Excerpt

The market plunge in the wake of the COVID-19 crisis has lowered prices of most stocks and REITs. But with REITs, you also face the coronavirus’s very real impact on the ability of tenants to pay rent. Still, government transfers to individuals and businesses should help offset that. Recent interest rate cuts are another big plus given the generally heavy debt loads that REITs manage. Still, the two REITs featured on this page are increasingly focused on their high-value core markets. That strengthens their appeal for income seekers. We’re confident that those high-quality properties in top urban markets will let them rebound quickly to spur your gains and distributions. CHOICE PROPERTIES REIT, $12.39, is a buy. Canada’s biggest REIT (Toronto symbol CHP.UN; Units outstanding: 310.3 million; Market cap: $8.7 billion; TSINetwork Rating: Extra Risk; Dividend yield: 6.0%; www.choicereit.ca) creates value for investors through its 726 properties with a total of 65.8 million square feet of retail, industrial and office space. Its occupancy rate is a..