CANADIAN REIT $45.51 (Toronto symbol REF.UN; Units outstanding: 72.6 million; Market cap: $3.4 billion; TSINetwork Rating: Extra Risk; Dividend yield: 3.8%; www.creit.ca) owns 198 properties, including retail, industrial and office buildings, across Canada and in Chicago. These holdings contain 24.9 million square feet of leasable area. The trust’s occupancy rate is 95.1%.
In the three months ended December 31, 2014, Canadian REIT’s revenue rose 1.7%, to $108.5 million from $106.7 million a year earlier. Cash flow per unit gained 4.2%, to $0.75 from $0.72.
In 2014, the trust added one industrial property in Toronto and another in Edmonton for a total of $42.3 million. That followed $199.1 million of purchases in 2013 and $401.9 million in 2012.
The units trade at 15.0 times forecast 2015 cash flow of $3.03 a unit. The trust pays a monthly distribution of $0.1458, for a 3.8% yield.
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Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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