REF.UN
CANADIAN REIT $32 (Toronto symbol REF.UN; Units outstanding: 66.6 million; Market cap: $2.1 billion; SI Rating: Extra Risk; Dividend yield: 4.4%; www.creit.ca) owns over 160 properties. Its holdings include retail, industrial and office buildings located across Canada, and in the Chicago area. In all, these properties contain over 22 million square feet of leasable area. Canadian REIT’s occupancy rate is …read more »
Most real estate investment trusts (REITs), including our recommendations, are exempt from Ottawa’s new tax on income-trust distributions, which comes into effect on January 1, 2011. As a result, these REITs should continue to attract investor interest as the tax prompts more trusts to convert to corporations and cut their distributions.
RIOCAN REAL ESTATE INVESTMENT TRUST $23.15 (Toronto symbol REI.UN; …read more »
CANADIAN REIT $20.90 (Toronto symbol REF.UN; Units outstanding: 61.1 million; Market cap: $1.3 billion; SI Rating: Extra Risk) owns a portfolio of more than 160 income properties, consisting of retail, industrial and office properties across Canada and in the Chicago, Illinois, area. Occupancy is at 96.5%.
Revenue in the three months ended September 30, 2008, was $79.6 million, up 10.0% from …read more »
Top-quality REITs continue to have high occupancy rates and steady lease rates despite the economic slowdown. As well, lower interest rates will help REITs refinance mortgages at lower cost, or fund their expansion plans.
We still advise against overindulging in REITs. But if you stick with REITs with strong cash flow and sound balance sheets, like the ones we recommend on …read more »
CANADIAN REIT $28 (Toronto symbol REF.UN; SI Rating: Extra Risk) has acquired eight retail properties from Canadian Tire for $137.3 million. Canadian Tire has subsequently leased all of the properties for an initial term of 15 years at current market rental rates.
The acquisition includes one property in each of British Columbia, Ontario and Nova Scotia, plus three in Alberta and …read more »
CANADIAN REIT $29.30 (Toronto symbol REF.UN; SI Rating: Extra Risk) owns a portfolio of more than 150 income properties consisting of retail, industrial and office properties across Canada and in the Chicago, Illinois area. Occupacy is at 96.7%.
CREIT’s revenue in the three months ended June 30, 2008 was $73.1 million, up 10.2% from $66.4 million a year earlier. Cash flow …read more »
Real Estate Investment Trusts (REITs) have moved up lately, but are still down from last year’s highs. That’s mainly due to fears that slowing consumer spending will hurt cash flows. However, top-quality REITs continue to have high occupancy rates and rising lease rates. As well, lower interest rates will help REITs fund their expansion plans.
We still advise against overindulging in …read more »
CANADIAN REIT $27.71 (Toronto symbol REF.UN; SI Rating: Extra Risk) owns a portfolio of more than 140 income properties consisting of retail, industrial and office properties across Canada and in the Chicago, Illinois area. Occupancy is at 96.5%.
CREIT’s revenue in the three months ended December 31, 2007 was $75.8 million, up 5.6% from $71.9 million a year earlier. Cash flow …read more »
Real Estate Investment Trusts (REITs) are down from last year’s highs, largely due to fears that slowing consumer spending will hurt cash flows. However, top-quality REITs continue to have high occupancy rates and rising lease rates. As well, lower interest rates will help REITs fund their expansion plans.
We still advise against overindulging in REITs. But if you stick with the …read more »
CANADIAN REIT $30.23 (Toronto symbol REF.UN; SI Rating: Extra Risk) owns a portfolio of more than 140 income properties consisting of retail, industrial and office properties across Canada and in the Chicago, Illinois area.
CREIT’s revenue in the three months ended June 30, 2007 was $70.9 million, up 8.5% from $65.3 million a year earlier. Cash flow per unit rose 8.8%, …read more »
