New properties boost cash flow

ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $32 is a buy. The REIT (Toronto symbol AP.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 128.0 million; Market cap: $4.1 billion; Distribution yield: 5.5%; Dividend Sustainability Rating: Above Average; www.alliedreit.com) owns 200 office buildings and 13 properties under development, mainly in… Read More

Get a 5.3% yield from Allied Properties REIT

Get a 5.3% yield from Allied Properties REIT

The re-opening of offices as COVID-19 restrictions eased helped boost the occupancy levels—and cash flow—of this REIT. That should also allow it to maintain its current distributions.

The stock trades at 15.4 times the company’s 2022 cash flow forecast.

ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST (Toronto symbol… Read More

Two high-yield REITs with gains ahead

The market plunge at the start of the COVID-19 crisis lowered prices for most REITs. That’s because the pandemic forced many businesses to temporarily close. However, vaccines should see the economy increasingly normalize in the next several months. That will let these two REITs maintain… Read More

Get a 3.9% yield from this office REIT

Get a 3.9% yield from this office REIT

COVID-19 raised uncertainty over the future of the traditional office model and have weighed on this REIT over the last year. However, high-quality properties and tenants continue to help it weather the pandemic.  

What’s more, its current payouts should be sustainable as it continues to… Read More

New assets will fuel your distributions

ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $41 is a buy. The trust (Toronto symbol AP.UN; Cyclical-Growth Dividend Payer Portfolio, Manufacturing sector; Units outstanding: 123.1 million; Market cap: $5.0 billion; Dividend yield: 4.0%; Dividend Sustainability Rating: Above Average; www.alliedreit.com) last raised its monthly distribution in January 2020. Investors now receive… Read More